Page 72 - IILMGSM Journal_Management Perspective
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ia, Venezuela to Explore New Areas of ministry of commerce, Government of India
Cooperation emphasized that Venezuela has indeed emerged as a
strategic country in terms of India and global trade
In the recent dialogues on enhancing cooperation in and business network. Even the priority under
the existing diverse fields and exploring new area of ‘Special Focus Market Scheme’ will further motivate
cooperation besides trade and investment, the areas Indian exporter. In the forthcoming years the chances
such as infrastructure and railways, low cost housing, of strong trading relationship between India and
applied sciences, culture orientation, poverty Venezuela is possible as well as good trading with
elimination, consumer protection and defense related other South American countries. Also the mutual
needed further cooperation in-between India and beneficial partnership between the countries will
hydrocarbon-rich Venezuela. Venezuela is also keen provide value addition to the business activities by
in collaborating agro-processing, remote sensing and direct trading and imparting technology. Hence, the
IT-enabled health services with India. Presently both future trading relations seems bright and will be a
the parties are involved in negotiating the draft good example of ‘positive-sum-game’ in the global
agreements for the avoidance of double taxation and trade and economy. The issues which require further
mutual legal assistance for a positive-sum game from analysis are as the desire level of trade gain, the
international trade. continuation of Venezuela as strategic country, the
extent to which the trade will remain accountable for
Conclusion the growth of Indian economy etc.
The analysis of trade data statistics available with the
71
Cooperation emphasized that Venezuela has indeed emerged as a
strategic country in terms of India and global trade
In the recent dialogues on enhancing cooperation in and business network. Even the priority under
the existing diverse fields and exploring new area of ‘Special Focus Market Scheme’ will further motivate
cooperation besides trade and investment, the areas Indian exporter. In the forthcoming years the chances
such as infrastructure and railways, low cost housing, of strong trading relationship between India and
applied sciences, culture orientation, poverty Venezuela is possible as well as good trading with
elimination, consumer protection and defense related other South American countries. Also the mutual
needed further cooperation in-between India and beneficial partnership between the countries will
hydrocarbon-rich Venezuela. Venezuela is also keen provide value addition to the business activities by
in collaborating agro-processing, remote sensing and direct trading and imparting technology. Hence, the
IT-enabled health services with India. Presently both future trading relations seems bright and will be a
the parties are involved in negotiating the draft good example of ‘positive-sum-game’ in the global
agreements for the avoidance of double taxation and trade and economy. The issues which require further
mutual legal assistance for a positive-sum game from analysis are as the desire level of trade gain, the
international trade. continuation of Venezuela as strategic country, the
extent to which the trade will remain accountable for
Conclusion the growth of Indian economy etc.
The analysis of trade data statistics available with the
71
