Indo-Belgian Trade Relations : Towards Diversification Beyond Diamonds

Mohammad Shafi

doi:10.12816/0002135

Article Details

Indo-Belgian Trade Relations : Towards Diversification Beyond Diamonds

Authors:

Mohammad Shafi

Publisher:

Sohar University

Main Topics:

Commerce, communications, transport

Journal:

Oman Chapter of Arabian Journal of Business and Management Review 2012 Vol.1 Issue 7, pp.66-80

Document Type:

Article

Publication Date:

2/2012

Document Language:

English

Document ID (Org No.):

41817

Frequency:

Monthly

pISSN:

22235833

DOI:

10.12816/0002135

Descriptors:

Keywords:

Abstract:

   Indo-Belgian relations trace back to 1948 when India established diplomatic relationswith Belgium. Backed by a sustained relationship which has been christened by a host ofagreements effected by the two countries over the last six decades, Indo-Belgian traderelations are set to brace to new horizons.
  With Belgium being the second largest trading partner after Germany in the EU, the tradebetween the two countries has crossed 10 Billion Euros in 2010. However, there has been aserious concern felt by both sides. The trade between the countries has been hovering arounda single commodity group i.e., Gems and Jewelry. Both countries, of late, have realized theimportance of diversifying the trade beyond diamonds into other domains identified by boththe countries. There have been serious efforts culminating into policy implications to take thetrade into new and emerging areas of mutual interest.
 While Belgium business interests cover ports, construction, banking and finance,hemicals and fertilizers and solar energy, India would like to further make widespread baseof its traditional existing export basket with more venture into IT and IT enabled products.The present paper traces out the trading relations between the two countries taking intoaccount the historical data of various commodity groups. It further tries to build a prognosisabout the future trade directions and would look into the efforts of the two countries towardsdiversifying its trade beyond diamonds.

Article Details

Indo-Belgian Trade Relations : Towards Diversification Beyond Diamonds

Authors:

Mohammad Shafi

Publisher:

Sohar University

Main Topics:

Commerce, communications, transport

Journal:

Oman Chapter of Arabian Journal of Business and Management Review 2012 Vol.1 Issue 7, pp.66-80

Document Type:

Article

Publication Date:

2/2012

Document Language:

English

Document ID (Org No.):

41817

Frequency:

Monthly

pISSN:

22235833

DOI:

10.12816/0002135

Descriptors:

INTERNATIONAL RELATIONS

DIPLOMATIC RELATIONS

GEMSTONES

FOREIGN TRADE

INVESTMENTS

INDIA

BELGIUM

Precious Stones

diversification

CAGR

Belgium

India

bilateral trade

Issues

Article Details

Authors: Mohammad Shafi

Publisher: Sohar University

Main Topics: Commerce, communications, transport

Journal: Oman Chapter of Arabian Journal of Business and Management Review 2012 Vol.1 Issue 7, pp.66-80

Document Type: Article

Publication Date: 2/2012

Document Language: English

Document ID (Org No.): 41817

Frequency: Monthly

pISSN: 22235833

DOI: 10.12816/0002135

Descriptors:

Issues

Authors:

Mohammad Shafi

Publisher:

Sohar University

Main Topics:

Commerce, communications, transport

Journal:

Oman Chapter of Arabian Journal of Business and Management Review 2012 Vol.1 Issue 7, pp.66-80

Document Type:

Article

Publication Date:

2/2012

Document Language:

English

Document ID (Org No.):

41817

Frequency:

Monthly

pISSN:

22235833

DOI:

10.12816/0002135