Question : TRADE WITH ISRAEL



(a) whether there is any bilateral trade with Israel;

(b) if so, the total volume of exports to and imports from Israel during the last three years;

(c) the main items of exports and imports;

(d) whether there are any proposals to increase the volume of trade with Israel; and

(e) if so, the details thereof?

Answer given by the minister



MINISTER OF COMMERCE & INDUSTRY (SHRI MRASOLI MARAN)

(a) & (b): Yes, Sir. The Indo-Israeli Bilateral Trade during last three years is as follows:-

(In US$ millions)
1997-98 1998-99 1999-2000
Exports from India 332.21 354.70 506.16 Imports by India 329.00 337.40 560.65


(c): The main items of exports to Israel are Gems & Jewellery, Cotton yarn, fabrics, made-ups etc., Drugs, pharmaceuticals & fine chemicals, Manmade yarn, fabrics, made-ups, cashew. The main items of imports from Israel are pearl precious, semi-precious stones, fertilisers manufactured, fertilisers, crude, organic chemicals, project goods.

(d) & (e): To increase the volume of bilateral trade, the two sides propose measures such as participation in trade fairs and exhibitions, promote interaction with industry and amongst business persons, visit of official as well as business delegations, exposure about India in Israeli media and identification of areas for bilateral co-operation and sorting out of problems in transacting trade through deliberations at the meetings of the Indo-Israeli Joint Committee.