Trade with LatAm, Caribbean huge opportunity: Exim Bank

Strengthening bilateral ties between the Latin America and Caribbean (LAC) and India will be mutually beneficial as it provides huge opportunity for both the regions, Export-Import Bank of India (Exim Bank) said.

In the last decade, India’s total trade with LAC has more than doubled to reach USD 36 billion in 2017, with significant untapped potential for expanding, Debasish Mallick, deputy managing director of the Exim Bank of India said.

“The potential strength of this partnership can be gauged from the fact that the combined GDP of the two regions is close to USD 8.1 trillion with a combined population of almost 2 billion people,” he said.

In an era of growing challenges in the world economy, diversification of trade partners and…

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