TRADEWINDS
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FRANCE
France initiates measures to control foreign trade deficit |
According to the figures released by the French Customs Office on 7th February, foreign trade deficit of France was close to 39 billion Euros compared with 28 billion Euros in 2006. Excluding military equipment, the deficit stood at 54.7 billion in 2007, up from 42.3 billion in 2006.
The French Secretary of State for Foreign Trade Mr. Herve Novelli announced around 10 measures aimed at boosting exports including support to French SMEs to export. The most visible of the measures of the Novelli Plan will be the doubling of the list of 25 "target" countries. According to an official from the French Ministry of Economy, "the real innovation will be to reason in terms of ‘Zones’ – neighbourhood zone comprising of EU and Mediterranean countries and the far and distant zone that would include Asian markets, the near and Middle East and the Americas. While the modalities are being worked out by UBIFRANCE regarding budgetary allocation etc., it was reported that the main focus of the Zonal policy would be primarily on the six pilot countries - Germany, China, USA, India, Japan and Russia, followed by the others.
Nexans to form joint company in India with Polycab
The French cables manufacturer NEXANS will create a joint company in India with the group POLYCAB. Nexans would be the majority shareholder of the joint company the turnover of which should reach 50 to 60 million Euros. The final agreement for the creation of the joint company, to be based in Mumbai, is likely to be signed before the end of the first semester of 2008.
Sogeclaire’s forms JV with Vectra Group
Toulouse-based engineering group Sogeclaire, specialising in aeronautics, railways, automobile industry and defence, has created a 50-50 joint venture between its subsidiary Oktal and Vectra Group, located in New Delhi and Bangalore. Vectra Group, that has a controlling stake in Tatra, a Czech heavy goods vehicle manufacturer, will allow Sogeclaire to use Tatra’s equipment for its vehicle conversion markets from its Bangalore assembly line.
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YEMEN
Opportunities for Indian Investors |
Indian investors should focus sectors like construction, oil, gas & minerals, IT, banking, health care & pharmaceuticals, telecommunications, education, medium & small industries, manufacturing, shipping, fertilizers etc. in Yemen.
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SERBIA
Indo-Serbian trade touches US$ 9.81 million, |
India-Serbia bilateral trade during January 2008 amounted to US$ 9.81 million, of which, India’s exports were valued at US$ 8.53 million and imports at US$ 1.28 million. Main items of exports from India during January 2008 were cotton yarn, fabrics & garments (USD 1.131 million), coffee, tea and other foot items (USD 0.397 million), medicines and pharmaceuticals (USD 2.235 million). Main items of export from Serbia were flat-rolled products of iron, plated with tin (USD 1.080 million), parts of machinery (USD 0.184 million), beech wood, sawn or chipped lengthwise (USD 0.09), heterocyclic compounds containing an unfused imidazole ring (USD 0.02), other black tea, fermented (USD 0.01).
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UZBEKISTAN
India’s commodity wise trade with Uzbekistan |
As per trade statistics, India’s exports to Uzbekistan include drugs, pharmaceuticals, paper, wood products, machinery, garments & fabrics, tea, plastic items, chemicals, surgical items and consumer goods.
Non-ferrous metals constitute the largest item of Indian imports from Uzbekistan. Other principal items of import are machinery, silver, raw cotton & silk, pulses & services (which reflect remittances of Uzbek Airways from India of its revenue from both passengers and cargo services).
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POLAND
India’s exports to Poland up 50% |
India’s Exports to Poland during the period January to December 2007 amounted to US$ 699.67 million-showing an increase of 49.18 % over the corresponding period last year (2006). On the other hand, India’s Imports from Poland amounted to US$ 162.11 million, showing a fall of 19.75 %.
Overall, bilateral trade for January to December 2007 totalled US$ 861.78 million, showing an increase of 28.43%.
India’s major items of exports to Poland were: bulk tea, coffee, unmanufactured tobacco, de-oiled cakes, black pepper, cotton yarn, cotton textiles, made-ups and apparel, jute manufactures, mica and mica products, light engineering products like hand tools, consumer electronics, machinery items like machine tools and textile machinery.
India’s major items of imports from Poland were: equipment for power stations, railway equipment such as wheel sets, rails, etc., coal mining machinery, ships and ship engines, machine tools, other capital goods commodities such as coking coal, sulphur, rapeseed oil, chemicals, pharmaceuticals, ferrous and non-ferrous metals.
Potential sectors for Indian investments in Poland
Poland’s entry into the EU in May 2004 was a milestone in the country’s political and economic transformation. Poland is the largest (in terms of size and population) among the new accession countries. It is also the biggest recipient of EU funds, receiving Euro 67.2bn for 2007-13. With economic growth at 5.4% in the first half of 2006, a young and well-educated labour force, and located at the crossroads between eastern and western Europe, Poland offers a large potential market in central Europe.
Poland’s rapid development means there are opportunities for Indian business entities in a wide range of sectors like automotive, mobile telephony, engineering, agriculture, aviation, construction (EU funds of €10bn will be allocated for 2007-2013), environment (Euro 11bn to be spent on projects targeted to meet EU standards requirements), power (Poland needs to reduce emissions of greenhouse gases), rail (EU funds of Euro 5bn for modernisation, privatisation and restructuring to come) and water (EU funds of Euro 6bn for 2007-2013 to meet environmental standards).
(Maps from worldatlas.com)
FIEO’S INTERNATIONAL ACTIVITIES FOR 2008-09 Name of the Activity Month Country Trade & Investment Mission to Trinidad & Tobago June 2-7, 2008 Trinidad & Tobago Algeria International Fair June 7-12, 2008 Algeria Participation in TIBCO, Bucharest June18-22, 2008 Romania Participation in China Incentive Business July 2008 China* Travel & Meeting Exhibition (CUVTN)* Multi Product Exhibition July 2008 Canada Multi Product Exhibition July 2008 Australia Participation in House & Gift Fair, Sao Paulo Aug.16-19,2008 Brazil Participation in Zak Expo on Medical Tourism & Expo August, 2008 Singapore* on Medical Tourism & Education Fair* Participation in Leisure Fair, Moscow* September 2008 Russia* Trade Delegation/Exhibition September 2008 Iran Participation in SAITEX, Johannesburg October 2008 South Africa Multi Product Exhibition December 2008 Vietnam Services Delegation to Egypt & Turkey * Egypt & Turkey* Participation in FITUR Tourism Fair* January, 2009 Spain* India Show in Muscat February 2009 Oman Participation in India Week Spain Reverse BSM from Africa Reverse BSM from Russia & other CIS countries For participation/more details, please contact: MRD Division FEDERATION OF INDIAN EXPORT ORGANISATIONS Niryat Bhawan, Rao Tula Ram Marg, Opp. Army Hospital Research & Referral, New Delhi – 110057 Tel: 011- 46042222, 26150101-04, 46042114, 46042136-38; Fax: 011-26148194 E-mail: fieo@nda.vsnl.net.in; fieomrd@yahoo.co.in; anandpseth@fieo.org For * marked events, please contact, Services Division, FIEO at Tel: 011- 46042222, 26150101-04, 46042116; Fax: 011-26148194 E-mail: fieo@nda.vsnl..net.in |
