India raises concerns over anti-dumping duty by Brazil.

New Delhi, Mar 8 (PTI) Commerce Minister Anand Sharma today took up the issue of anti-dumping duty on Indian products by Brazil with visiting minister Antonio Patriota.

The two countries, however, identified priority sectors such as energy, oil, tourism, pharmaceutical, mining and agro-processing for further enhancing the bilateral trade and agreed to set up a CEOs Forum, an official statement said.

Sharma, who met Brazilian External Relations Minister Antonio Patriota here, said, "At present no anti-dumping duty has been imposed by India on import of any items from Brazil."

The Commerce Minister raised the issue of imposition of anti-dumping duties on Indian products such as PET Films (Polyethylene Terephthalate), jute yarn, jute bags, nitrile rubber and stainless steel, the statement said.

Sharma also said that both the countries should make efforts to achieve the bilateral trade target of USD 10 billion over the next few years.

In 2010, the two-way commerce stood at USD 7.73 billion.
Sharma said that vast potential for cooperation is there in sectors like SMEs, IT, science and technology, engineering, energy, infrastructure, nuclear power.

During the discussions, he also raised the issue of flexibility in business visas.
India''s main exports to Brazil include equipment related to wind energy, lignite, naphtha, cotton and polyester yarns, medicines, chemicals, and aviation fuel. Imports from that nation include crude oil, soya oil, asbestos, motor pumps, airplanes, wheat, precious and semi-precious stones.

Source : msn.com