Kolkata, Sep 28 (PTI) The Ambassador of Spain to India, Jose R Baranano Friday said he expected his country’s bilateral trade with India would increase on an average of 20 per cent every year over the next five years. Also Read - Europe Breathes Sigh of Relief as Italy & Spain Report Flattened Virus Curve
The bilateral trade between both the countries is around six billion USD presently, he said adding language and distance have been two of the biggest hinderances in regard to the growth of trade ties. Also Read - Coronavirus in India: Another COVID-19 Patient Dies in Maharashtra, Death Toll in State Rises to 21 | Highlights
Baranano said there is lot of potential in tourism, education, renewable energy and agriculture sector. Also Read - India to be Under Lockdown For 21 Days, Confirmed COVID-19 Cases Spike to 536
“The economic condition across the globe is a bit messy but we hope that over the next five years the trade ties between the two countries would increase on an average of 20 percent every year” he told reporters.
The ambassador said, “The world market is swiftly shifting from Europe to India, China and other Asian countries”.
This is published unedited from the PTI feed.