EU-India trade rises by 20 percentFebruary 9th, 2012 - 7:19 pm ICT by IANS
Brussels, Feb 9 (IANS) The 27-nation European Union’s trade in goods with India has risen by 20 percent. It had reached a peak in 2010 after a decline recorded in 2009 that interrupted a period of growth since 2001, EuAsiaNews has reported.
The first 10 months of 2011 showed continued growth in EU trade with India. Exports and imports both grew by 20 percent between first 10 months of 2010 and the same period of 2011, with exports amounting to 33.4 bn euro and imports to 33.3 bn.
EU exports to India fell from 31.3 billion euro in 2008 to 27.4 bn in 2009. But it rose to 34.8 bn in 2010.
EU imports declined from 29.5 bn in 2008 to 25.4 bn in 2009. It increased to 33.2 bn in 2010.
As a result, the EU trade surplus with India had fallen from 2.0 bn euro in 2009 to 1.6 bn in 2010.
India is the EUs 8th most important trading partner.
On the occasion of the 12th European Union - India summit to be held Friday in New Delhi, Eurostat, the statistical office of the European Union, Thursday released the figures on trade and investments between India and the EU.
- EU-India trade up 20 percent - Jan 20, 2012
- EU exports to India hit $28 bn - Sep 18, 2011
- EU trade deficit with China declines - Feb 14, 2012
- EU exports to India in 2011 worth $36.5 bn - Nov 15, 2011
- EU exports to India up 28 percent - Jul 16, 2010
- India is EU's 9th major trading partner - Dec 09, 2010
- European Union-India trade flow shows upward trend - Apr 21, 2011
- EU-India trade up 26 percent in 2010 - Oct 17, 2010
- EU-India trade exchanges fall - Jul 17, 2012
- China surpasses US as EU's top trade partner - Oct 16, 2011
- EU-India trade drops in 2009 - Feb 17, 2010
- EU trade surplus with India was over $3 bn in 2008 - Nov 04, 2009
- China's foreign trade growth slows in November - Dec 11, 2011
- Europe, US crisis to hit India's export: Survey - Mar 15, 2012
- Exports look grim, condition may worsen in six months - Dec 16, 2011
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