India's exports to EU up 23 pc in Jan-Aug

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SME Times News Bureau | 16 Nov, 2011
India's exports to the 27-member European Union surged by 23 percent from 21.7 billion euro in 2010 to 26.7 billion euro in 2011 for the January-August period, EuAsiaNews reported.

Theses figures were released by the EU's statistical office Eurostat on Tuesday.

During the same period, EU exported to India goods worth 26.9 billion euros, up by 22 percent from 22.1 billion euro for the same period in 2010.

The highest increases were recorded for exports to Russia (+30 percent), Turkey (+29 percent), China and India (both +22 percent) and South Korea (+18 percent), and for imports from Russia (+26 percent), Brazil and India (both +23 percent), Norway (+20 percent) and Turkey (+18 percent).

India is in talks with the EU, its biggest trading partner, since June 2007 for liberalising trade in goods, services and investment through a Broad-based Trade and Investment Agreement (BTIA). Already 13 rounds of talks have taken place.