Ethiopia
(Source : Embassy of India, Addis Ababa)
The Union Cabinet chaired by the Prime Minister Shri Narendra Modi has given its ex-post facto approval for the trade agreement between India and Ethiopia for strengthening and promoting trade and economic co-operation. The trade agreement was signed on 5th October, 2017 during the State visit of the President of India to Ethiopia from 4th to 6th October, 2017. The trade agreement will replace the existing trade Agreement signed in 1982. The trade agreement will provide for all necessary measures to encourage trade, economic cooperation, investment and technical co-operation.
Libya
(Source : Embassy of India, Tripoli)
Exports by India to Libya during the period 2016-17 stood at US$ 120.46 million and India’s imports from Libya went down to US $ 7.45 million. Thus the trade decreased substantially mainly because of civil strife in Libya and decrease in oil production due to militia fighting and perennial strikes.
Values in US $ Millions in Libya
| |
2011-2012
|
2012-2013
|
2013-2014
|
2014-2015
|
2015-2016
|
2016-2017
|
|
Export
|
60.98
|
215.30
|
287.20
|
163.74
|
122.58
|
120.46
|
|
Import
|
38.33
|
1,834.80
|
451.54
|
70.14
|
8.86
|
7.45
|
|
Total Trade
|
99.31
|
2,050.10
|
738.74
|
233.88
|
131.44
|
127.91
|
The main items of India’s exports to Libya are transport equipment, processed minerals, machinery & instruments, coffee, drugs & pharmaceuticals, natural silk yarn, fabrics and other commodities. The main item of India’s imports from Libya is petroleum (crude and products).
Peru
(Source : Embassy of India, Lima)
According to the Global Retail Development Index, prepared by the consultancy A.T. Kearney, Peru is the leader in Latin America regarding the development of the retail sector and continues to outperform other economies in the region such as Colombia (10th), Paraguay (19th), Bolivia (28th) and Brazil (29th). In this way, Peru is on the right track towards achieving first world standards in the sector in coming years. This occurs, in part, as a result of a diversity of efforts which include integration, liberal policies and free market. The bilateral agreements with strategic partners such as China, USA, the European Union, our Latin American peers and the Asia-Pacific countries strengthen investment flow and trade. The macroeconomic figures also favour the climate for doing business in the country, because in the coming years it is expected that the GDP will continue to grow, stable inflation, a growing middle class and a consolidated consumer confidence. Likewise, according to the latest global Doing Business ranking of the World Bank, Peru is the third ranked economy in Latin America with an ease to doing business. This is reflected in the fact that, in recent years, important retailers have positioned themselves and developed in the country.
Peru, one of the countries with highest investment potential (Andina : 08/11/2017) - Peru ranks as one of the countries offering the greatest Public-Private Partnership (PPP) investment opportunities, the country`s Private Investment Promotion Agency (ProInversion) Executive-Director Alberto Ñecco pointed out on Wednesday. According to Ñecco, ProInversion has implemented the best practices from the Canadian PPP model, focusing on process efficiency to achieve better project execution and quality. "From now on, Peru will not only be seen as one of the world`s most stable countries, in macroeconomic terms, but also when it comes to investment opportunities and execution" he noted. Remarks were made during his participation in the 25th edition of the Annual CCPPP National Conference held on November 6-7 in Toronto, Canada`s economic capital.