India and the Sudan have signed an agreement which will increase trade between the two countries by 12 1/2 percent during the next twelve months.
India and the Sudan have signed an agreement which will increase trade between the two countries by 12 1/2 percent during the next twelve months. Representatives of the two countries met in New Delhi on Thursday (June 25) ending months of negotiations over the present trade balance.
Under the new agreement total trade between India and the Sudan will be increased by more than three and a half million pounds Sterling. India will export to the Sudan, tea, jute, cotton textiles, engineering and transport equipment and chemicals.
In return, the Sudan will send cotton, raw hides and skins.
The two delegations have also agreed to promote co-operation in improving shipping facilities between the countries. India has also agreed to promote development projects in the Sudan. Negotiations are in progress for the supply to the Sudan of railway coaches and trains.