ISSN (Print) - 0012-9976 | ISSN (Online) - 2349-8846

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Indo-Soviet Trade Protocol for 1984

Indo-Soviet Trade Protocol for 1984 R G Gidadhubli THE Indo-Soviet trade protocol for 1984 signed in New Delhi on December 9, 1983, coinciding with the visit of-Ivan Arkhipov, Deputy Prime Minister of the USSR, envisages a total trade turnover of Rs 3,840 crore which, if realised, would mean a 24 per cent increase over the actual two-way trade of Rs 3,100 crore 983. This should be a matter of satisfaction to the heads of the delegations of India and the USSR who negotiated the agreement The Soviet Union is one of India's major trading partners, accounting for about 20 per cent of our total foreign trade. Hence, India is interested in maintaining a high rate of growth of trade with that country in 1984. The trade protocol would enable India to expor: to the USSR goods worth Rs 2,000 crore consisting of cotton textiles, tea, coffee, knit-wear, shoe- uppers and many traditional and non- traditional manufactured goods. Exporters of cashew, black pepper, oil cake and cosmetics, who had been in a quandary, would be happy over the willingness of the Soviets to lift some of these items in the coming months.

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