| Trade Between Yunnan Province and India Broke Through US$100 Million for the First Time |
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| 2004-12-13 16:48 |
In 2004. the trade between Yunnan Province and India grew with a high speed. According to Kunming Customs statistics, in the first 3 quarters, Yunnan's foreign trade with India totally amounted to US$110 million, breaking through US$100 million for the first time, up by 1.5 times on a year-on-year basis.
In 2003, trade between Yunnan and India reached US$61.33 million. India has become the 7th biggest trading partner of Yunnan Province.
Main reasons for the fast increase in trade between Yunnan province and India were:
A big imports of iron ore drove up imports by 2.6 times on year-on-year basis , accounting for 91.8% of total imports. Meanwhile, main exports of Yunnan to India were phosphor increased by 1.2 times on a year-on-year basis in the first three quarter. Besides, spices, phosphorus products and aluminum were exports with big values of Yunnan to India. Recently, main form of trade was conventional trade.
(Information by Special Commissioner's Office in Kunming)
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