EENI-Business School

India-Andean Community trade relations

Syllabus of the Sub-subject: Trade Relations India-Andean Community.

  1. Foreign Trade between India and the Andean Community
  2. Agreement to set up a mechanism for political consultation and cooperation between India and the Andean Community
  3. Trade Relations between India and Venezuela
  4. The proposed free trade agreement (FTA) Andean Community-India
The Sub-subject “India and the Andean Community” is part of the following programs:
  1. Doctorates (Online): America, Asia
  2. Masters: Asia, America, Pacific, BRICS Countries, Emerging Markets, Economic Relations, International Business
  3. Courses: India, Andean Markets

Learning materials in English or Spanish Comunidad Andina India French Inde Portuguese India

Master in International Business for the Indian Students

Sample of the Sub-subject: India-Andean Community (Trade Agreement)
India-Andean Community Foreign Trade

Description of the Sub-Subject: India-Andean Community Agreement

On June 2003, the Andean Community and India established a Political Dialogue and Cooperation Mechanism with the goal of strengthening and diversifying their friendship, understanding, and cooperation and developing the mutual bilateral trade and foreign direct investment relations.

A draft of the Free Trade Agreement (FTA) has been forwarded to the Andean Community Secretary-General but is not entered into force.

Foreign Trade between India and the Andean Community.

  1. International Trade between the Andean Community (Bolivia, Colombia, Ecuador, and Peru) and the Republic of India: 1,519 million dollars (+ 1% over the previous year)
  2. In the last decade, the annual trade balance was negative for the Andean Community
  3. Andean Community exports to India: 568 million dollars
  4. The main Andean Community exporter to the Republic of India was the Republic of Colombia
  5. Exports from Colombia to India: 449 million dollars (79% of the Andean Community exports to India)
  6. Andean Community imports from the Republic of India: 951 million dollars
  7. The Republic of Colombia is the Andean Community nation with the largest level of imports from India (504 million dollars)
  8. Top exports products from India to Venezuela are pharmaceuticals, engineering products, petroleum coke, textiles, equipment, chemicals, and machinery

The Andean Countries belong to the Western Civilisation (Latin American Economic Area) and India to the economic area of the Hindu Civilisation.

India's Free Trade Agreements (FTA).

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