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India likely to enhance trade with EU, Japan, Malaysia

India would be able to further enhance its trade in next one year with the conclusion of its proposed market liberalising pacts with the EU, Japan and Malaysia, the Indian government said on Monday.

The country is negotiating for a comprehensive economic partnership agreement with Malaysia, Japan and a broad based trade and investment agreement with the EU.

These three economies are significant from India’s point of view as its commerce with them accounted for about USD93 billion in 2009-10. The country’s total exports in the last fiscal were USD178.6 billion.