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2011-04-19

Export between India and Finland grows

Bilateral trade between the two countries touched US $ 525 million in the year 2009-10 compared to US $ 688 million 2008-09.

In a meeting with Ireland Minister for Enterprise, Jobs and Innovation Richard Bruton Ireland in New Delhi, Sharma said, "Between the period April to December 2011 we see positive signs as exports from India to Ireland grew by 1.45 % (compared to the same period in the preceding year) thus indicating slight changes in the bilateral trade scenario."

Bilateral trade between the two countries touched US $ 525 million in the year 2009-10 compared to US $ 688 million 2008-09.

Ireland ranks 32nd in FDI approvals during April, 2000 to January, 2011.. Total FDI inflows from Ireland are US $ 103.94 million during this period . In April–Jan 2010-11 the Investment flows from Ireland have been US $ 1 million.

Sharma confirmed the commitment of the government to play the role of a catalyst to drive engagement at the business-to-business level and to provide and environment which promotes trade and investments.

In his speech, the minister also expressed satisfaction that negotiations of the EU–India Broad-based Trade and Investment Agreement are intensifying with the 12th Round of negotiations scheduled for 31st March to 6th April, 2011 at Delhi, India is over.

"Both the sides committed to a balanced, ambitious agreement by 2011. It is hoped that this agreement will lead to increase in opportunities for market access in both goods and services for each other," he said.

FDI policy in India is widely reckoned to be among the most liberal and investor friendly in the emerging economies.

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