December 2, 2010 7:10 PM

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India, Ethiopia expresses satisfaction at impressive growth in bilateral trade

India and Ethiopia have expressed satisfaction at the impressive growth in bilateral trade, registering a growth of 227 percent in the last 4 years. Union Minister of Commerce and Industry Anand Sharma said this during the bilateral meeting with Deputy Prime Minister and Foreign Minister of Ethiopia, Hailemariam Desalegn, in New Delhi today. The bilateral trade has grown from 83 million US dollars in the year 2005-06 to 272 million US dollarsw in 2009-10. The Minister also conveyed that there is potential to further increase the bilateral trade between the two countries, especially the Ethiopian exports to India, in view of the Duty Free Tariff Preference (DFTP) Scheme announced by India.

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