The trade share of
India with the Bay of Bengal initiative for Multi-Sectoral Technical and
Economic Cooperation (BIMSTEC) countries i.e. Bangladesh, Bhutan, India,
Myanmar, Nepal, Sri Lanka and Thailand for the financial year 2014-15 is as
under:-
|
S. No
|
Country
|
2014-15
|
|
Export
(in US $ Millions)
|
% share (w.r.t. total export)
|
Import
(in US $ Millions)
|
% share (w.r.t. total import)
|
|
1
|
Bangladesh
|
6,451.47
|
2.08
|
621.37
|
0.14
|
|
2
|
Bhutan
|
333.94
|
0.11
|
149.87
|
0.03
|
|
3
|
Myanmar
|
773.24
|
0.25
|
1,231.54
|
0.27
|
|
4
|
Nepal
|
4,558.77
|
1.47
|
639.91
|
0.14
|
|
5
|
Sri Lanka
|
6,703.72
|
2.16
|
756.17
|
0.17
|
|
6
|
Thailand
|
3,464.83
|
1.12
|
5,865.88
|
1.31
|
The
Framework Agreement on BIMSTEC Free Trade Agreement (FTA) was signed in
February 2004. The Framework Agreement includes provision for negotiation of
FTA on goods, services, investment and economic cooperation amongst the member
countries. The Member countries of BIMSTEC have constituted the Trade
Negotiating Committee (TNC) to carry forward the negotiations in accordance
with the Framework Agreement. So far 20 Rounds of negotiations have been held.
This information was
given by the Minister of State(Independent Charge) in the Ministry of Commerce
& Industry Smt. Nirmala Sitharaman in a written reply in Lok Sabha today.
*******
RC/nb