India has also emerged as the fastest growing market in the world for a multitude of products and services, he added.
During the discussions, Shri Kamal Nath urged the Colombian Minister for an early finalisation of the Bilateral Investment Promotion and Protection Agreement (BIPPA) and the Double Taxation Avoidance Agreement (DTAA).
Major item of exports from India to Colombia are petroleum (crude & products), transport equipments, drugs, pharmaceuticals & fine chemicals, cotton yarn fabrics, made-ups etc.
The main imports from Colombia are primary steel, pig iron-based items, coal, coke & briquettes, wood & wood products etc.
Press Information Bureau Government of India
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