Embassy of India Bogota - Confederation of Indian...
Transcript of Embassy of India Bogota - Confederation of Indian...
1
Embassy of India
Bogota
No. BOG/201/1/2009 June 15 2010
Monthly Commercial and Economic Report for Colombia, May 2010
i. GDP
GDP growth for 2009 was 0.4%; total GDP in 2009 was US $ 228.61 billion (IMF).
ii. Rate of inflation
Annual inflation 2.07% (May 2010)
Total Trade
US $ 17.83 billion, First quarter of 2010
iii. Total trade in US $ million and its growth to 10 major countries January – March 2010
Country 2010 2009 % of variation
USA 6,322.93 4,811.65 31.41%
China 1,637.97 971.81 68.55%
Mexico 895.83 670.41 33.62%
Brazil 788.63 721.74 9.27%
Ecuador 549.23 474.88 15.66%
Germany 479.23 435.61 10.01%
Japan 345.07 298.71 15.52%
Argentina 337.92 264.09 27.96%
2
Canada 281.60 242.58 16.08%
South Korea 234.15 209.62 11.70%
Source: Colombian Customs Agency
iv. India‐ Colombia Bilateral Trade ( January – March 2010 as compared to January – March 2009)
Exports to Colombia : US $ 127.98 mn (US $ 120.71 mn in 09);
Imports from Colombia US $ 102.09 mn (US $ 4.36 mn in 09)
Total trade US $ 230.07 million (US $ 125.07 in 2009, increase of 83.95%)
Source: Colombian Customs Agency
v. Top ten items of export from India to Colombia January – March 2010
Item CIF value in US million Dollars
Share in total exports to Colombia
Motorcycles in CKD form 35.69 27.89%
Vehicles other than railways 17.25 13.48%
Cotton yarn and woven fabrics of cotton 15.31 11.97%
Organic Chemicals 11.11 8.68%
Pharmaceutical Products 8.87 6.93%
Miscellaneous Chem. Products 8.19 6.40%
Iron and Steel 4.23 3.30%
Man‐made Staple Fibers 3.56 2.79%
3
Man‐made Filaments 3.22 2.52%
Machinery and Mech. Appliances 3.06 2.39%
Source: Colombian Customs Agency
vi. Top ten items of Import from Colombia by India in January – March 2010
Item FOB Value in US million Dollar Share in total Imports
Mineral Fuels, mineral oils (US $ 64.61 mn in exports of crude oil, US $ 32.87 mn in exports of coal) 97.48 95.49%
Sugars 1.73 1.69%
Natural or Cultivated Pearls 0.74 0.72%
Wood and articles of wood 0.52 0.51%
Aluminium and Articles thereof 0.37 0.36%
Other Base Metals 0.26 0.25%
Copper and Articles thereof 0.21 0.21%
Cocoa and Cocoa Preparations 0.14 0.14%
Iron and Steel 0.12 0.11%
Albuminoidal Substances 0.11 0.10%
Source: Colombian Customs Agency
vii. The principal five export destinations in January – March 2010
4
USA
China
Netherlands
Venezuela
Ecuador
Source: Colombian Customs Agency
viii. The principal five‐import sources in January – March 2010
USA
China
Mexico
Brazil
Germany
Source: Colombian Customs Agency
ix. The principal five export commodities in January – March 2010
Mineral oils and fuels
Natural or cultivated pearls
Coffee
Live trees and other plants
Iron & Steel
5
Source: Colombian Customs Agency
x. The principal five import items in January – March 2010
Machinery and mechanical appliances
Electrical Machinery and Equipment
Vehicles and autoparts
Aircrafts, space crafts and parts
Mineral oils and fuels
Source: Colombian Customs Agency
i) Other important economic news: South Korea and Colombia began their third round of free trade negotiations. The two countries discussed a range of issues such as services and investment; both sides held the first round in Seoul in December. Their bilateral trade reached US$922 million in 2009, with South Korea's exports to the South American country reaching US$797 million. South Korea's main export items include cars and electronic goods, and it imports coffee and resources, such as coal and nickel, from Colombia. Colombia's Rubiales oil field is likely to produce 170,000 barrels of heavy crude a day, up from the 122,500 barrels a day it produces now, state‐controlled oil company Ecopetrol SA (EC, ECOPETROL.BO) said in a statement. The field is operated by Ecopetrol's partner, Toronto‐listed Pacific Rubiales Energy.Ecopetrol gets 60% of the oil produced at the field after royalties are paid to the Colombian government. The state‐controlled company finances 60% of the field's spending and 50% of the investment. Ronald Pantin, Pacific Rubiales's chief executive, recently said he expects the field to produce 210,000 barrels a day by the end of this year.
ii) India‐ Colombia bilateral relations‐ Latest Development
6
Business Conferences during India Fascinante: From the 4th to the 6th of May 2010, Embassy of India with the support of "Association Amigos de la India" organised the event "Fascinating India" at the "Escuela Colombiana de Carreras Industriales ‐ ECCI", which has a strength of 11,000 students. Second Secretary gave a presentation on "How to do business with India". During the event there were conferences on “India and the Future", "Successful Cases Studies on doing business with India" , "India and the Business Culture"
Ambassador visited Cartagena 13‐15 May and addressed a conference on INDIA in the VI Mining and Energy Congress. He also held a press conference in which he highlighted the growing bilateral trade between India and Colombia. His speech was widely covered in leading newpapers and TV News Channels.
Trade Queries for Colombia Received in May 2010
1
ITEM: PHARMA
NAME: DINESH TANDON
COMPANY: HINDUSTAN SYRINGES
Email: [email protected]
2
ITEM: HANDICRAFTS
NAME: KANIKA CHHABRA
COMPANY: ALL HANDICRAFTS EXPORTERS ASSOCIATION
Email: [email protected]
7
3
ITEM: AUTOPARTS
NAME: SAVITHA MURTHY
COMPANY: SAGAS AUTOTECH PVT
Email: [email protected]
4
ITEM: LEATHER
NAME: UDIT BENGANI
COMPANY: MAYUR UNIQUOTERS
Email: [email protected]
5
ITEM: TEXTILES
NAME: MAHESH
COMPANY: EVERGREEN ENTERPRISES
Email: [email protected]
6
ITEM: CHEMICALS
NAME: BHARGAV CHANDELA
8
COMPANY: ORCHEV PHARMA
Email: [email protected]
7
ITEM: COCONUT
NAME: ESWAR IYAPPAN
COMPANY: BR EXPORTERS
Email: [email protected]
8
ITEM: HANDICRAFTS
NAME: AKHILESH NATANI
COMPANY: RASHI HANDICRAFTS
Email: [email protected]
9
ITEM: PHARMA
NAME: SHWETA
COMPANY: KOTHARI PHARMA
Email: [email protected]
10
ITEM: GARMENTS
9
NAME: L SUDHIR
COMPANY: SWANANDI ENTERPRISES
Email: [email protected]
11
ITEM: JEWELLERY
NAME: LOVE RAWAT
COMPANY: LOVE RAWAT
Email: [email protected]
12
ITEM: GARMENTS
NAME: SUMIT SALECHA
COMPANY: SUPER FABRICS
Email: [email protected]
13
ITEM: VENDING MACHINES
NAME: MANAN DANI
COMPANY: VITALE BEVERAGES LTD
Email: [email protected]
10
14
ITEM: GARMENTS
NAME: REHMAN IRAVAT
COMPANY: IRAVAT IMPEX
Email: [email protected]
15
ITEM: JEWELLERY
NAME: AMIT AGARWAL
COMPANY: DAULAT GEMS
Email: [email protected]
16
ITEM: PASTRY
NAME: SUMIT ARORA
COMPANY: SUMIT ARORA
Email: [email protected]
17
ITEM: OIL AND GAS
11
NAME: ANTHONY VIEGAS
COMPANY: METSTAR ENGINEERING
Email: [email protected]
18
ITEM: MADE UPS
NAME: MANJEET SINGH
COMPANY: FINE FURNISHING HOUSE
Email: [email protected]
19
ITEM: STAINLESS STEEL KITCHENWARE
NAME: DHAVAL JAIN
COMPANY: SHREE VALLABH METALS
Email: [email protected]
20
ITEM: FASTENERS
NAME: SONIA AGGARWAL
COMPANY: GDPA INDIA
Email: [email protected]
12
21
ITEM: HANDICRAFTS
NAME: FAHEEM ALEEM
COMPANY: BEAUTY ARTS HANDICRAFTS
Email: [email protected]
22
ITEM: FOOD AGRO
NAME: SUMIT ARORA
COMPANY: RAO BIKA CORPORATION
Email: [email protected]
23
ITEM: OIL AND GAS
NAME: R RAMAKRISHNAN
COMPANY: INDIAN OIL CORPORATION LIMITED
Email: [email protected]
24
ITEM: ELECTRONIC MACHINERY
13
NAME: POOJA PATEL
COMPANY: MCBS
Email: [email protected]
25
ITEM: FINANCIAL IT SERVICES
NAME: SANJEEV NEWAR
COMPANY: AARSH MANAGEMENT SOLUTIONS
26
ITEM: THERMAL POWER PROJECTS
NAME: UNSPECIFIED
COMPANY: TIANA GROUP
Email: [email protected]
27
ITEM: CHEMICALS
NAME: CHINTHAN THAKER
COMPANY: NEWGREKA GREEN SYNT TECHNOLOGIES
Email: [email protected]
14
28
ITEM: CHEMICALS
NAME: UNSPECIFIED
COMPANY: RAINBOW INC
Email: [email protected]
29
ITEM: PHARMA
NAME: PRATHIBA H
COMPANY: FLAMINGO PHARMACEUTICALS
Email: [email protected]
30
ITEM: TOOLS
NAME: REOSELY ASHOKA
COMPANY: ASHOKA MACHINE TOOLS CORPORATION
Email: [email protected]
31
ITEM: LEATHER
NAME: ALI KHAN
15
COMPANY: CLE INDIA
Email: [email protected]
32
ITEM: CERAMIC
NAME: MAULIK SHAH
COMPANY: ULTRAVIOLET INC
Email: [email protected]
33
ITEM: PHARMA
NAME: ARIHANT BAID
COMPANY: GENNEX LABORATORIES
34
ITEM: JEWELLERY
NAME: NADEEM RAHIM
COMPANY: BIBA HANDICRAFTS
Email: [email protected]
35
ITEM: AGRO
16
NAME: GAURANG PANDYA
COMPANY: ABS GROUP
Email: [email protected]
36
ITEM: PHARMA
NAME: TILAK RAJ SINGH
COMPANY: TILAK RAJ SINGH
Email: [email protected]
37
ITEM: MACHINERY
NAME: RAJESH GULATI
COMPANY: SANAL EXPORTS
Email: [email protected]
38
ITEM: UNSPECIFIED
NAME: SWEETU SHAH
COMPANY: SWEETU SHAH
Email: [email protected]
17
39
ITEM: GARMENTS
NAME: MIHAMMED FAIZAN
COMPANY: NATIONAL HANDICRAFTS COOP SOCIETY
Email: [email protected]
40
ITEM: FIBRES AND YARNS
NAME: SAHIL JAIN
COMPANY: SPORTKING INDIA
41
ITEM: FOOD AGRO
NAME: KAMAL GUPTA
COMPANY: SHIV INTERNATIONAL
Email: [email protected]
42
ITEM:
GARMENTS
NAME:
18
UNSPECIFIED
COMPANY:
MOTHERLAND FASHIONS
Email: [email protected]
43
ITEM: SEVERAL
NAME: WOODGRIP INDUSTRIES
COMPANY: RAMNIK PATEL
Email: [email protected]
44
ITEM: JEWELLERY
NAME: MUKESH KAPURIA
COMPANY: SARITA SILVER PLACE
Email: [email protected]
45
ITEM: PHARMA
NAME: MOHIT SHARMA
COMPANY: SOZIN FLORA PHARMA
19
Email: [email protected]
46
ITEM: PAPER
NAME: SOUMEN BISWAS
COMPANY: MS CHOICE
Email: [email protected]
47
ITEM: WATER PUMPS
NAME: PRASHANT YADAV
COMPANY: JAI MOTION ENGINEERING
Email: [email protected]
48
ITEM: GARMENTS
NAME: ITI DASHOTTAR
COMPANY: KALAM DELO
Email: [email protected]
49
ITEM: SPICES
NAME: UTPAL SHAH
COMPANY: UTPAL IMPEX
20
Email: [email protected]
50
ITEM: COOKWARE
NAME: ANKIT AWARGAL
COMPANY: UNIQUE METAL INDUSTRIES
Email: [email protected]
51
ITEM: CERAMIC
NAME: DHRUMIL KOTHARI
COMPANY: PARADISE GOUP OF COMPANIES
Email: [email protected]
52
ITEM: FUEL CONSUMPTION
NAME: PRASHANT KOTHARI
COMPANY: INDUSTRIAL ENERGY CONSUMPTION CONTROLLER ASSOCIATES
Email: [email protected]
53
ITEM: SPICES
NAME: DILIP BADHER
COMPANY: YOGESHWAR
21
Email: [email protected]
54
ITEM: ESSENTIAL OILS
NAME: BINEESH JOSEPH
COMPANY: MATHA EXPORT INTERNATIONAL
Email: [email protected]
55
ITEM: PHARMA
NAME: ANIL PAWAR
COMPANY: INTER MULTI MEDI SALES
Email: [email protected]
56
ITEM: WATER PURIFIERS
NAME: RICHA DIXIT
COMPANY: OVERSEAS SALES AND MARKETING
Email: [email protected]
57
ITEM: MINERALS
NAME: NAKUL GOYAL
COMPANY: SHREE BS MINING
Email: [email protected]
22
58
ITEM: COSMETICS AND PAPER
NAME: MAYUR N. SHAH
COMPANY: AUTOMOBILE HUB CORPORATION
Email: [email protected]
59
ITEM: MINERALS
NAME: ROHIT BURAD
COMPANY: ROHIT MINERALS
Email: [email protected]
60
ITEM: DETECTIVE SERVICES
NAME: ANIL KHARE
COMPANY: ASCON DETECTIVES NETWORK
Email: [email protected]
61
ITEM: HANDLOOMS
NAME: BEELA RAJESH
COMPANY: HANDLOOM EXPORT PROMOTION COUNCIL
Email: [email protected]
23
62
ITEM: SPICES
NAME: K V RAMAN
COMPANY: PLANTRICH
Email: [email protected]
63
ITEM: MACHINERY
NAME: DEVANG SHAH
COMPANY: PAPER MACHINERIES
Email: [email protected]
64
ITEM: PHARMA
NAME: BARNALI TALAPATRA
COMPANY: EMAMIGROUP
Email: [email protected]
65
ITEM: CLOTH FILTERS
NAME: SOHIL DESHMUKH
COMPANY: KOSLA PROFIT
24
Email: [email protected]
66
ITEM: JEWELLERY
NAME: MOHAMMAD RIYAZUDDIN
COMPANY: FR GEMS
Email: [email protected]
67
ITEM: LABEL MACHINERY
NAME: SUNIL MERCHANT
COMPANY: MULTIKO PACKAGING
Email: [email protected]
68
ITEM: JEWELLERY
NAME: BEATRIZ PATIÑO
COMPANY: BEATRIZ PATIÑO
Email: [email protected]
69
ITEM: DEFENSE
NAME: GABRIEL POMBO
COMPANY: GABRIEL POMBO
Email: [email protected]
25
70
ITEM: COTTON
NAME: GABRIEL REYES
COMPANY: JGB
Email: [email protected]
71
ITEM: ADHESIVES
NAME: DANIEL BRADFORD
COMPANY: COMERCIALIZADORA RUV S.A.
Email: [email protected]
72
ITEM: T SHIRTS
NAME: DUVAN DONNEYS
COMPANY: GRUPO M
Email: [email protected]
73
ITEM: MINERALS
NAME: COLOMBIANA DE MINERALES
COMPANY: CATERINE AVILA
Email: [email protected]
26
74
ITEM: CHEMICALS
NAME: JORGE AYALA
COMPANY: CABARRIA Y CIA S.A
Email: [email protected]
75
ITEM: PHARMA
NAME: HARLEY OROZCO
COMPANY: MEDITRAUMA CALI
Email: [email protected]
76
ITEM: TEXTILES
NAME: JUAN LONDOÑO
COMPANY: FABRICATO
Email: [email protected]
77
ITEM: MINERALS
NAME: ROBERTO NEIRA
COMPANY: ROTHERHAM GROUP
Email: [email protected]