India, Pak trade up 92% in 2006-07
Trade between India and Pakistan almost doubled to 1.67 billion dollars in 2006-07 over the previous year, the Lok Sabha was informed on Tuesday.
By PTI |
NEW DELHI: Trade between India and Pakistan almost doubled to 1.67 billion dollars in 2006-07 over the previous year, the Lok Sabha was informed on Tuesday.
Bilateral trade during 2005-06 was 868.79 million dollars, which grew 92 per cent in the subsequent fiscal.
For the April-June period of the current fiscal, India's exports to Pakistan were to the tune of 406.49 million dollars, Minister of State for Commerce Jairam Ramesh said in a written reply.
Imports from Pakistan for the first quarter of 2007-08 stood at 68.17 million dollars, he said, adding that bilateral trade during the period was 474.66 million dollars.
In a separate reply, Ramesh said the government is considering mandatory labeling of ice-cream which uses synthetic vanilla or artificial flavours, with a view to help vanilla farmers and increase use of natural vanilla.
"Due to price competitiveness, synthetic vanilla is sold at a low price whereas natural vanilla was expensive. The government is also considering a proposal for domestic promotion of natural vanilla in dairy industry," he said.
Bilateral trade during 2005-06 was 868.79 million dollars, which grew 92 per cent in the subsequent fiscal.
For the April-June period of the current fiscal, India's exports to Pakistan were to the tune of 406.49 million dollars, Minister of State for Commerce Jairam Ramesh said in a written reply.
Imports from Pakistan for the first quarter of 2007-08 stood at 68.17 million dollars, he said, adding that bilateral trade during the period was 474.66 million dollars.
In a separate reply, Ramesh said the government is considering mandatory labeling of ice-cream which uses synthetic vanilla or artificial flavours, with a view to help vanilla farmers and increase use of natural vanilla.
"Due to price competitiveness, synthetic vanilla is sold at a low price whereas natural vanilla was expensive. The government is also considering a proposal for domestic promotion of natural vanilla in dairy industry," he said.
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