Saturday 23 November 2013

India’s trade with CIS countries.


CIS stands for Commonwealth of Independent States and all republics of central Asia are its members, including Armenia, Georgia, Ukraine, Moldova, Baltic of Latvia, Estonia, and Lithuania. During the Soviet era, all links with the USSR republics happened only through Moscow. As a result, a lot depended on the Indo-Soviet relationship since its nature determined India's relation with its republics. But after the fall of the Soviet Union, India's trading relations with the republics of central Asia have declined considerably. Only US$ 100 million worth of bilateral trade has taken place between India and central Asia. The main items being exported from India are tea, woolen goods, cosmetics, ready made garments, leather goods, chemicals, jute manufacture, cotton yarns, machine tools, machinery, pharmaceuticals, plastic products, rice, electronic goods, instruments, and chemicals. To increase bilateral relations between India and central Asia, joint commissions have been set up in the various countries. Delegations have also done their bit by taking part in talks in order to increase trade value.

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