Bilateral trade between India-Czech to touch $3 billion by 2015

Kolkata: Bilateral trade between India and the Czech Republic could reach $3 billion by 2015, Czech ambassador to India Miloslav Stasek said Thursday.

“Bilateral trade between the two countries stood at $1.5 billion in the last fiscal. We are hoping that it would reach to $2 billion by the end of the current fiscal,” Stasek told reporters on the sidelines of an Engineering Export Promotion Council (EEPC) regional award presentation ceremony here.

[caption id=“attachment_268063” align=“alignleft” width=“380” caption="‘Bilateral trade between the two countries stood at $1.5 billion in the last fiscal.’"] [/caption]

“We feel it (trade) can reach to $3 billion by 2015,” he said. Tourism and automotive sectors were the major areas which could boost the trade between the two countries, Stasek said.

“One-third of the total bilateral trade between India and the Czech Republic is contributed by automotive sectors,” he added.

IANS