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India keen to triple exports to Argentina

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Staff Writer |
Alphonso mangoes
Asia   Alphonso mangoes

India wants to triple exports to Argentina, eyeing an additional $1.5 billion worth of shipments.

India is seeking market access for apparel, textiles, folding bicycles and home furnishing products in Argentina.

Ahead of Argentine President Mauricio Macri’s likely visit to India next month, India is also keen to promote ethnic products such as Alphonso mangoes and Khadi.

India’s exports to Argentina were $708.7 million in 2017-18, consisting mainly of organic chemicals, vehicles and auto parts, lubricants, machinery, sound and image devices and garments.

Imports from Argentina were $2.2 billion, mainly soybean oil, petroleum, copper, sunflower oil, leather, wool and ferroalloys.

Lack of direct flight connectivity between LatAm and South Asia is a major roadblock in developing people-to-people interaction, travel and tourism. The two sides are likely to discuss this matter.

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