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Indo-Spanish trade increased by over 33 per cent in 2004-05 at US$1.6 billion
Syndicated Correspondence
Oct. 25, 2005

Indo-Spanish trade increased by over 33 per cent in 2004-05 at US$1.6 billion and there was scope for further growth, Commerce Minister Kamal Nath said Monday.

While India's exports to Spain were valued at US$1.3 billion, its imports were US$372.56 million, Nath said, adding that India attached great importance to its ties with Spain, particularly commercial and economic.

At his deliberations with the visiting Mayor of Barcelona Joan Clos, Nath conveyed his appreciation at the presence of a large business delegation accompanying him and said "this visit would take bilateral relations to new heights of cooperation and friendship," an official release said.


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