pharmaceuticals, oil refinery, transport, agriculture, information
technology, tourism, education and production of fine art articles, said
a workshop in New Delhi.
Trade and economic ties between India
and Vietnam have seen a rapid growth in recent years with two-way
trade rising from 489.2 million USD in 2003 to over 2 billion USD in
2009, participants stressed at the September 30 workshop entitled
India-Vietnam strategic partnership: tapping potential for expanding
cooperation.
The two countries expect to bring the bilateral
trade to 2.55 billion USD this year. Vietnam’s exports to India are
mainly tea, coffee, rubber, coal, computer hardware and electronic
appliances, while its imports from India steel, livestock feeding,
pharmaceuticals, machinery equipment, cotton, leather and textile
products and pesticide.
However, participants stressed Vietnam
and India have yet to fully tap their potential in trade and
economic ties, urging the two countries to overcome existing
difficulties, such as tax levels, customs procedure and transport./.
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