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Ethiopia–India relations have existed for almost two millennia. Modern diplomatic relations between India and Ethiopia were established at the level of legations in July 1948, after the independence of India. The relationship was raised to the ambassadorial level in 1952. [1] India maintains an embassy in Addis Ababa and Ethiopia in New Delhi.
As of 2023, India is the seventh largest exporter of commercial services in the world, [12] accounting for 4.6% of global trade in services. India's service exports grew by 27%. [13] In September, India's prominent services industry experienced an acceleration in growth, buoyed by robust demand in the sector.
According to the Ministry of Commerce and Industry, the fifteen largest trading partners of India represent 61.67% of total trade by India in the financial year 2022–23. [1] These figures include trade in goods and commodities , but do not include services or foreign direct investment .
This volume was at a meager US$3 billion in 2001. In November 2012 FICCI President led a business delegation to Ethiopia to meet the new Prime Minister Hailemariam Desalegn and reaffirm India's commitment to the growth and development of Africa. Indian companies have already invested more than US$34 billion in the resource-rich continent as of ...
In Feb 2021, India Africa Trade Council established the India Tunisia Business Council. [16] [17] [18] Namibia. Namibia Trade office was opened in Chennai under the India Namibia Trade Forum with support from the IATC. The office was inaugurated by Gabriel Sinimbo the high commissioner of Namibia in India and the president of the IATC Dr. Asif ...
The United States on Saturday cut Ethiopia, Mali and Guinea from access to a duty-free trade program, following through on President Joe Biden's threat to do so over alleged human rights ...
[371] the current Foreign minister Samuel Santos López visited India in 2008 for the SICA-India Foreign ministers' meeting and in 2013 [372] for high-level talks with the then External Affairs Minister Salman Khurshid which also expanded bilateral trade with the two countries reaching a total of US$60.12 million during 2012–13.
In general, PTAs do not cover substantially all trade. The India Mercosur Preferential Trade Agreement is an example of a PTA. [2] A free trade agreement (FTA) also involves reducing or eliminating tariffs on items traded between the partner countries; however each maintains individual tariff structure for non-members.