India, Czech Republic target $2 billion trade in 2012

India and the Czech Republic Monday agreed to liberalise business visa regime and expand bilateral trade to $2 billion in 2012 from the current year's estimate of $1.3 billion.

Commerce and Industry Minister Anand Sharma held talks here with Czech Republic Minister of Trade and Industry Martin Kocourek, who is leading a 50-member high-level business delegation to India.

During the meeting, the two ministers agreed to "take bilateral trade to $2 billion by 2012 from the current level of $1.3 billion which in itself is an increase of 26 percent from the earlier year", according to an official statement released after the meeting.

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