Lok Sabha Question No. 364 (STARRED), answered on 2016-12-12
Subject: Trade with BRICS Nations
Ministry: COMMERCE AND INDUSTRY
Asked by: FAIZAL P.P. MOHAMMED, DHANANJAY BHIMRAO MAHADIK

## GOVERNMENT OF INDIA MINISTRY OF COMMERCE & INDUSTRY (DEPARTMENT OF COMMERCE)

## LOK SABHA STARRED QUESTION NO. 364 TO BE ANSWERED ON 12 th  DECEMBER, 2016

## TRADE WITH BRICS NATIONS

## *364.   MOHAMMED FAIZAL:

## SHRI DHANANJAY MAHADIK:

Will the Minister of COMMERCE & INDUSTRY ( वाͨणÏय एवं उɮयोग मंğी ) be pleased to state:

- (a) the details of India's trade with BRICS Nations during the last three years and the current year, country-wise indicating the share of India's intra BRICS trade to global trade;
- (b) whether India is facing trade barriers/ non-tariff barriers in other BRICS nations and if so, the details thereof along with the steps taken by the Government to remove these barriers;
- (c) whether trade among BRICS Nations is quite low as compared to their total global trade and if so, the details thereof;
- (d) whether the Government has taken up the issue with BRICS Nations to increase trade and if so, the details thereof and response of the BRICS Nations thereon; and
- (e) the other steps taken or being taken by the Government to boost trade with BRICS Nations?

## ANSWER

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THE MINISTER OF STATE IN THE MINISTRY OF COMMERCE AND INDUSTRY (INDEPENDENT CHARGE) (SMT. NIRMALA SITHARAMAN)

- a) to  e):  A Statement is laid on the Table of the House.

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## STATEMENT REFERRED TO IN REPLY TO PARTS (a) TO (e) OF LOK SABHA STARRED QUESTION NO. 364   FOR ANSWER ON 12 th  DECEMBER, 2016 REGARDING 'TRADE WITH BRICS NATIONS'

- (a):    The  details  of  India's  trade  with  BRICS  nations (imports  and  exports)  during  the  last three years and the current year, country-wise indicating the share of India's  BRICS trade to global trade are as under: -

in US$ Billion

| Description                                    | 2013-14   | 2014-15   | 2015-16   | 2016-17(April- September)   |
|------------------------------------------------|-----------|-----------|-----------|-----------------------------|
| India's trade with Brazil                      | 9.27      | 11.36     | 6.69      | 2.71                        |
| India Trade with China                         | 65.86     | 72.35     | 70.72     | 33.19                       |
| India's trade with Russia                      | 6.02      | 6.35      | 6.17      | 3.30                        |
| India's trade with South Africa                | 11.15     | 11.80     | 9.54      | 3.72                        |
| India's trade with BRICS countries             | 92.30     | 101.86    | 93.12     | 42.92                       |
| India's total trade                            | 764.63    | 758.39    | 643.30    | 305.69                      |
| %share of India's BRICS trade with total trade | 12.07%    | 13.43%    | 14.48%    | 14.04%                      |

- (b):  Yes, Madam. India does face tariff and non-tariff barriers from certain BRICS nations. India  takes  up  these  concerns  with  BRICS  countries  through  the  appropriate  bilateral  and plurilateral mechanisms.
- (c)  to  (e):  The  intra-BRICS  trade  (imports  and  exports)  as  a  percentage of  global  trade  of BRICS nations has been an average of 12.28% over 2013 to 2015.

The BRICS Contact Group on Economic and Trade Issues (CGETI) is the forum which deals with  trade  issues  between  BRICS  countries.  The  6 th BRICS  Trade  Ministers  meeting  was held on 13 th October, 2016 in New Delhi. The Ministers adopted a Communique along with six  documents  namely  (i)  BRICS  MSME  Cooperation  Framework,  (ii)  Framework  for Cooperation  on  Trade  in  Services,  (iii)  Terms  of  Reference  of  IPR  (intellectual  property rights)  Cooperation  Mechanism  of  BRICS  Countries  (iv)  Framework  for  BRICS  Single Window Cooperation (v) Terms of Reference of Trade Promotion Working Group and (vi) BRICS  Framework  for  Standardisation.  The  co-operation  in  these  areas  is  expected  to enhance  participation  of  BRICS  countries  in  world  trade  which  would  inter-alia  include measures for facilitating integration of MSMEs into the BRICS value chains, co-ordination on trade promotion activities both within and outside the region, cooperation on IPR issues and participation in standardisation activities.

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