India Planning to trade $50 billion bilateral trade with Indonesia by 2025

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India Planning to trade 50 billion bilateral
trade with Indonesia by 2025
India Planning to trade 50 billion bilateral
trade with Indonesia by 2025, as the figure has
already reached 20 billion last year. India and
Indonesia have agreed in 2021 to double their
efforts to boost bilateral trade to USD 50
billion by 2025, PM Narendra Modi said today
after holding comprehensive talks with President
Joko Widodo.
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Indonesia is looking forward at increasing the
spices trade from India that included cloves,
nutmeg, pepper, vanilla etc. Indonesia always
sees India as a good investment destination and
looking at a comprehensive economic partnership
for the mutual benefit of the two
countries. Kerala state of India also offers
good opportunities to build trade ties with
Indonesia especially in the sectors of tourism
promotion, spices production, furniture exports
which is having a huge growth potential. Accordi
ng to Indonesia Trade Data, Indonesian exports to
India consists of textiles, electronic goods,
footwear, and sawn timber, while chemicals,
pharmaceuticals, and motor vehicles, automotive
are the major imports from India to
Indonesia. Besides, in 2021 Indonesian companies
have significantly invested in the food
processing sector in India. According to
Indonesias Central Statistics Agency (ICSA),
trade between the Indonesia and India in 2017
was USD 12.9 billion. It rose 29.7 per cent to
USD 18.13 billion in 2018 with Indonesias
exports data to India reaching USD 14.08 billion
and its imports from India standing at USD 4.05
billion in 2018.
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In a joint statement issued by both leaders, the
two countries said they have agreed to work
intensively for the early conclusion of the
Regional Comprehensive Economic Partnership and
reiterated that it needs to be comprehensive,
fair and balanced with benefit to all member
states. The two leaders of both nations also
instructed officials to optimize the cooperation
between ASEAN and India for establishing a
sustainable and mutually beneficial trade
relations between both countries. They
underscored the important role palm oil plays in
Indonesias export to India and in Indias
consumer preference and growing consumption.
Both leaders agreed to address all issues related
to obstacles to trade and investment in palm oil
products and industries, the joint statement
said.
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Some of the Important Nation with India Trade
Data
India and China Trade Data The rapid expansion of
India-China bilateral trade since the beginning
of this century propelled China to emerge as our
largest goods trading partner by 2008, a
position which China Customs Data continues to
hold today. Since beginning of the current
decade, bilateral trade between the two countries
recorded exponential growth. In 2017 and 2018,
the bilateral trade has registered robust
two-digit growth. In the year 2019, India was the
12th largest trade partner of China. Due to the
impact of COVID this year, the overall trade
with China saw a reduction of 13.1 in Jan-Sept
2020 (USD 60.5 billion) as compared to the same
period in 2019 (USD 69.7 billion). India And
USA Trade Data Indias total trade with the
United States was 8.05 billion in January, a
change of 1.91 percent from the same month one
year ago. The change in exports was -2.11
percent and the change in imports was 4.24
percent. India ranked ?10 among U.S. trade
partners in January. It had ranked ?8 for the
same month last year.
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The top three U.S. exports by value in January
were Oil, (2) Diamonds, not mounted, and (3)
LNG, other petroleum gases. The top three USA
Import Data from India, also by value, were
Diamonds, not mounted, (2) Medicines in
individual dosages, and (3) Linens for bed, bath,
and kitchen. India Export to Argentina Indias
exports to Argentina were 708.7 million in
201718, consisting mainly of organic chemicals,
vehicles and auto parts, lubricants, machinery,
sound and image devices and garments. Imports
from Argentina were 2.2 billion, mainly soybean
oil, petroleum, copper, sunflower oil, leather,
wool and ferroalloys. India Export Data wants to
triple exports to Argentina, eyeing an
additional 1.5 billion worth of shipments, and
is seeking market access for apparel, textiles,
folding bicycles and home furnishing products in
the South American country. India And Chile
Import Data Negotiations for further expansion of
a preferential trade agreement (PTA) between
India and Chile are in the final stages and both
the countries would include about 400 more
products under the pact with an aim to boost
economic ties, an official said.
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The two countries had signed a preferential trade
agreement on March 8, 2006, and it came into
force from August 2007. In 2016, they expanded
the scope of the agreement by including more
products. Currently about 2,000 goods are covered
under the pact. Indias exports to Chile Import
Data include transport equipment,
pharmaceuticals, yarn of polyester fibers, tyres
and tubes, manufacture of metals, articles of
apparel, organic/inorganic and agro chemicals,
textiles, readymade garments, plastic goods,
leather products, engineering goods, imitation
jewellery, sports goods and handicraft. India
and Peru Trade Data India and Peru Trade Data
partners are China, the United States, Brazil,
India, South Korea, Japan, Mexico, and Ecuador.
Perus development strategy is based on an open
and competitive economy. Trade agreements are
one of the governments main targets, as these
agreements are a valuable instrument for
attracting FDI and boosting productivity. Nearly
95 of Peru Export Data are covered by Free Trade
Agreements currently in force, which enables
Peruvian products to enter, subject to the rules
of origin of each trade agreement, under
preferential conditions to 53 countries,
including Canada, Chile, China, the member
countries of the European Union, Japan,
Singapore, South Korea, Thailand, and the United
States, among others.
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Brazil Exporters Data
The country is seeking to position itself as a
regional hub for trade between Latin America and
the APEC countries (Asia-Pacific Economic
Cooperation).
USA Import. com provides report on Brazil
Exporters Data also called Brazil Custom Shipment
Export Data or Brazil Export Trade Data. Report
covers detail of Bill of Lading file on port.
(Details available as per custom notification).
Brazil Export Data help your import export
business to find new business opportunities from
International Market and increase your network
to develop International Business. ADVANTAGES OF
BRAZIL EXPORT DATA Brazil Export Data gives
information about custom shipments from Brazil
to World and World to Brazil, which makes it very
competitive advantage tool to study global
market. Brazil Export Database helps to create
new buyers and suppliers from Brazil All over
the world.
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Contents of Brazil Export Database Brazil Export
Database contains Shipment Date, Shipping No.,
HS Code, Product Description, Quantity, Weight,
Price list of products, Units, Rate in USD,
Brazil Exporter Name, Exporter Address, Foreign
Importer Name, Address, Foreign Port, Foreign
Country, Port name, Mode, Month, and
Year. Conclusion Impact on Analytical Data
Indonesian Customs Data should be analytical and
must be easy to comprehend. A complex data may
cause great difficulty to traders and merchants
to decode the same and understand the nuances of
international trade. The data should be embedded
with ergonomic features and simple terms so that
the trade analysts can review the same and form
the business strategy accordingly. This article
provides you with some valuable insights about
how India Indonesia, USA, Brazil, Peru, Chile,
China, Argentina can be beneficial for the
growth and expansion of the business. What are
the factors that one should consider while
assessing import and export data and how it can
be used to form business trade policies?
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In my opinion, India importers data can be
worthwhile for any business looking out from
expanding its business and strategic decision
making. It can provide some groundwork and a
great understanding of the prospective markets
and make a business move accordingly. Export
trade enables one to understand the trade
mechanics, supply chain, market conditions, and
market opportunities. India importers data aids
one to know the exact trade conditions in the
country, the trade policies, goods in demand,
supply chain, etc. Investing in trade data of
growing countries such as Paraguay, Costa Rica,
Argentina, etc. can help one to cognize the
international demand of local goods and services
in the market, the speculated market size, trade
barriers, etc.