December 22, 2011 8:43 PM

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Export infrastructure needs improvement: Govt

The government on Thursday said, it is essential to improve export infrastructure and reduce transaction cost to help the country double its exports by 2014 in the wake of global slowdown.Speaking at a function in New Delhi, Commerce Secretary Rahul Khullar said, the external environment is not conducive, especially in the European Union and the US and the next two years are going to be difficult for Indian exporters.He said, the Commerce Ministry has come out with a strategy paper aimed at doubling India's exports to 450 billion US dollars in the next three years and laying out a road-map for the future of exports.Mr Khullar also urged the exporters to explore new markets like Latin America and Africa to boost shipments. He informed that India is negotiating free trade agreements with the European Union, Canada, Australia, New Zealand, Indonesia and Thailand and this would reduce tariff levels and provide access to new markets.The Commerce Secretary said, country's exports grew by 33.2 per cent to over 192 billion US dollars during the April-November period of this fiscal.

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