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World Bank’s B-Ready Project
19th CII India Africa Business Conclave
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Divisions
Divisions
Foreign Trade (Latin American and Caribbean)

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Functions of the Division

India’s total trade with Latin American and Caribbean region, comprising of 43 countries, stood at USD 35.73 billion with exports worth USD 14.50 billion and imports worth USD 21.23 billion during 2023-24. Latin America possesses vast reserves of natural resources such as metal ores, minerals, and agricultural products while sectors likeengineering goods, pharmaceuticals, information technology, textiles and various other industries are India’s strength. There is a good potential of trade in view of trade complementarities.
The functions of the Division broadly include the following:[/vc_column_text][vc_column_text]

  • General trade and allied matters of 43 countries of Latin American and Caribbean region (LAC) – Processing, coordination and participation in various trade negotiations.
  • Formulation of strategies to enhance bilateral trade through reduction or elimination of SPS/ TBT, tariff & non-tariff barriers in consultation with the Indian Missions/ MEA.
  • Undertake signing of MoUs/ Protocol with LAC countries on Economic Cooperation in order to enhance bilateral trade.
  • Market Access Initiatives (MAI) to facilitate and encourage trade in the LAC region through trade promotion activities such as exhibitions, fairs, etc. – process proposals & prepare recommendation.
  • Analyse trade data for identification of important trends and opportunities for enhancing trade with LAC countries with the integrated efforts of the Government, Trade Promotion Organizations, EPCs, Apex Chambers of Commerce & Industry, Indian Missions in LAC region and Institutions such as EXIM Bank, ECGC in cooperation with the Indian Missions in LAC region.
  • Monitoring Export Performance of LAC Countries and analysis thereof.
Officers in the Division
  • Shri Rajesh Agrawal : Additional Secretary
  • Shri Vimal Anand: Joint Secretary
  • Ms. Monica Gaur: Deputy Secretary
  • Ms. Ruchika Bhatt Chaudhuri : Under Secretary
  • Sh. Ranjit Kumar Sinha : Section Officer
  • Sh. Sh. Abhay Choudhary : Assistant Section Officer

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Bilateral Trade Statistics
 Year/ Export Import Total Trade Trade Balance % Growth
Export Import Total Trade
2009-10 5,614.40 9,356.30 14,970.70 -3,741.90 1.84 13.54 8.85
2010-11 9,324.48 13,042.52 22,367.00 -3,718.03 66.08 39.4 49.41
2011-12 12,276.85 16,178.56 28,455.41 -3,901.70 31.66 24.04 27.22
2012-13 13,518.03 27,497.09 41,015.12 -13,979.07 10.11 69.96 44.14
2013-14 10,791.60 28,128.07 38,919.68 -17,336.47 -20.17 2.29 -5.11
2014-15 11,528.43 26,951.76 38,480.19 -15,423.33 6.83 -4.18 -1.13
2015-16 7,529.48 17,691.79 25,221.27 -10,162.30 -34.69 -34.36 -34.46
2016-17 7,230.97 17,290.63 24,521.60 -10,059.67 -3.96 -2.27 -2.77
2017-18 8,611.62 20,723.48 29,335.10 -12,111.86 19.09 19.85 19.63
2018-19 9740.72 20547.11 30287.83 -10806.39 13.11 -0.85 3.24
2019-20 10,058.93 17,072.11 27,131.04 -7,013.18 3.27 -16.91 -10.42
2020-21 10,104.02 12,479.20 22,583.22 -2,375.18 0.45 -26.91 -16.76
2021-22 14,934.39 21,738.04 36,672.44 -6,803.65 47.81 -74.19 62.38
2022-23 17,705.59 21,923.11 39,628.70 -4,217.52 18.56 0.85 0.85
2023-24 14,503.04 21,232.14 35,735.18 -6729.10 -18.09 -3.15 -9.82

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Institutional Mechanisms
  • India-Brazil Trade Monitoring Mechanism
  • India-Ecuador Joint Economic and Trade Committee (JETCO)

  • India Costa Rica JETCO
  • India-Argentina Joint Trade Commission (JTC)
  • India-Dominican Republic Joint Economic and Trade Committee (JETCO) 
Trade Agreements/MoUs with LAC region
  • India – Chile PTA
  • India-Chile PTA (Expanded)
  • India – MERCOSUR PTA
  • Trade Agreement between India and Argentina
  • Framework Agreement between India and Mercosur
  • Framework Agreement between India and Chile
  • MoU on Economic Cooperation with Costa Rica
  • MoU on Economic Cooperation with Ecuador
  • MoU on Trade Promotion and Technology Transfer with Argentina
  • MoU on Business Development Cooperation with Colombia
  • Trade Agreement between India and Peru
  • Trade Agreement between India and Guatemala
  • Trade Agreement between India and Colombia
  • Trade Agreement between India and Cuba
  • Trade Agreement between India and Trinidad & Tobago
  • For details of the PTAs/ MoUs click Trade Agreements

    Latest Press Release

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    Mandatory disclosures under RTI Act

    The following are the names, designation and contact details of the FAA and CPIO:

    FAA
    Shri Vimal Anand,  Joint Secretary (FT-LAC)
    • Room No:443, Vanijya Bhawan
    •  Tel : 23039434/Intercom: 8715
    •  Email : vimal[dot]anand[at]nic[dot]in
    CPIO
    Ms. Monica Gaur  Deputy Secretary ( F7-LAC)
    • Room No:118, Vanijya Bhawan
    •  Tel : 23039639
    •  Email : -monica[at]cag[dot]gov[dot]in

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