Lok Sabha Question No. 190 (UNSTARRED), answered on 2016-04-25
Subject: Trade with EU Countries
Ministry: COMMERCE AND INDUSTRY
Asked by: RAJESHBHAI NARANBHAI CHUDASAMA

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

## LOK SABHA UNSTARRED QUESTION NO.190

## TO BE ANSWERED ON 25 th  APRIL, 2016

## TRADE WITH EU COUNTRIES

## 190. SHRI RAJESHBHAI CHUDASAMA:

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

- (a) whether India has entered into free trade agreements with European Union (EU) countries;
- (b) if so, the details thereof;
- (c) the status of bilateral trade with EU countries and the current investment of these countries; and
- (d) the action plan of the Government to attract investment from EU countries?

## ANSWER

वािणÏ य एवं उɮयोग राÏ य मंत्री ) Įीमती िनमर्ला सीतारमण ( ( èवतंत्र प्रभार )

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

- (a) No
- (b) Does not arise
- (c) The bilateral trade with EU countries for the period April -February, 2016 is US$ 79.84 billion (detailed tabular statement attached). Total Foreign Direct Investment (FDI) inflows from European Union are US$72.77 billion during the period from April, 2000 to February 2016 (detailed tabular statement attached).
- (d) The Government is taking various measures for bringing investments from all over the world, including European Union, to India like opening up Foreign Direct Investment in many sectors, carrying out FDI related reforms and liberalisation and improving ease of doing business in the country.

## BILATERAL TRADE WITH EU COUNTRIES

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| S.No.   | Country               | 2015 - 2016(April - Feb)   | 2015 - 2016(April - Feb)   | 2015 - 2016(April - Feb)   |
|---------|-----------------------|----------------------------|----------------------------|----------------------------|
| S.No.   | Country               | Exports                    | Imports                    | Total Trade                |
|         | EU Countries          |                            |                            |                            |
| 1       | AUSTRIA               | 306.09                     | 747.87                     | 1,053.96                   |
| 2       | BELGIUM               | 4,579.86                   | 7,510.48                   | 12,090.33                  |
| 3       | BULGARIA              | 135.33                     | 84.34                      | 219.67                     |
| 4       | CYPRUS                | 55.06                      | 78.12                      | 133.18                     |
| 5       | CZECH REPUBLIC        | 455.09                     | 462.98                     | 918.07                     |
| 6       | DENMARK               | 632.78                     | 393.37                     | 1,026.15                   |
| 7       | ESTONIA               | 59.49                      | 135.09                     | 194.57                     |
| 8       | FINLAND               | 225.71                     | 918.26                     | 1,143.97                   |
| 9       | FRANCE                | 4,261.60                   | 2,595.25                   | 6,856.85                   |
| 10      | GERMANY               | 6,449.84                   | 10,830.48                  | 17,280.31                  |
| 11      | GREECE                | 295.08                     | 99.28                      | 394.35                     |
| 12      | HUNGARY               | 312.45                     | 228.32                     | 540.76                     |
| 13      | IRELAND               | 477.87                     | 507.99                     | 985.86                     |
| 14      | ITALY                 | 3,807.63                   | 3,721.75                   | 7,529.37                   |
| 15      | LATVIA                | 71.68                      | 60.19                      | 131.87                     |
| 16      | LITHUANIA             | 79.65                      | 208.04                     | 287.69                     |
| 17      | LUXEMBOURG            | 7.68                       | 170.71                     | 178.39                     |
| 18      | MALTA                 | 315.96                     | 24.84                      | 340.81                     |
| 19      | NETHERLAND            | 4,230.92                   | 1,684.53                   | 5,915.45                   |
| 20      | POLAND                | 924.83                     | 515.91                     | 1,440.75                   |
| 21      | PORTUGAL              | 537.17                     | 94.09                      | 631.26                     |
| 22      | ROMANIA               | 231.36                     | 278.39                     | 509.75                     |
| 23      | SLOVAK REP            | 125.11                     | 57.79                      | 182.91                     |
| 24      | SLOVENIA              | 243.08                     | 79.62                      | 322.7                      |
| 25      | SPAIN                 | 2,933.29                   | 1,520.51                   | 4,453.80                   |
| 26      | SWEDEN                | 623.69                     | 1,384.65                   | 2,008.34                   |
| 27      | U K                   | 8,067.81                   | 4,865.05                   | 12,932.86                  |
| 28      | CROATIA               | 102.44                     | 32.47                      | 134.92                     |
|         | Total of EU Countries | 40,548.55                  | 39,290.37                  | 79,838.90                  |

## FDI INFLOWS FROM EUROPEAN UNION COUNTRIES FROM APRIL 2000 TO FEBRUARY 2016

(Amount in US $ million)

|   Sl No | Country        | Total     |
|---------|----------------|-----------|
|       1 | Austria        | 265.74    |
|       2 | Belgium        | 895.87    |
|       3 | Czech Republic | 21.77     |
|       4 | Cyprus         | 8,504.46  |
|       5 | Denmark        | 432.44    |
|       6 | Estonia        | 0.77      |
|       7 | Finland        | 385.98    |
|       8 | France         | 5,104.18  |
|       9 | Greece         | 6.52      |
|      10 | Germany        | 8,585.72  |
|      11 | Hungary        | 17.48     |
|      12 | Ireland        | 344.47    |
|      13 | Italy          | 1,862.90  |
|      14 | Latvia         | 0.10      |
|      15 | Luxembourg     | 2,000.71  |
|      16 | Netherlands    | 17,133.03 |
|      17 | Poland         | 619.68    |
|      18 | Portugal       | 36.43     |
|      19 | Slovakia       | 10.80     |
|      20 | Spain          | 2,204.09  |
|      21 | Sweden         | 1,233.34  |
|      22 | Slovenia       | 8.72      |
|      23 | United Kingdom | 23,083.46 |

| 24   | Malta       | 14.65     |
|------|-------------|-----------|
|      | Grand Total | 72,773.33 |

## Note : 1. Amount includes the Inflows Received through SIA/FIPB route, acquisition of existing share and RBI's automatic route only.

2. No FDI inflow has been received from the remaining European Union.