Strengthening Bilateral Trade Relations between India And Iran: Opportunities in Livestock Sector

Abstract

Livestock sector is an important component of the both, Indian and Iranian economy. Due to highly protected livestock markets in the developed countries and rapidly increasing demand for livestock products and inputs in Asian countries, these nations are preferred destinations of livestock products’ trade. This study identifies the potential livestock products and inputs based on Iranian and Indian trade data. The potential of Indian exports to Iran lies in the meat of bovine animals, especially frozen and boneless and also fresh and chilled boneless meat, skimmed milk powder, butter and fat-based products, bird's egg in shell, carded or combed fine animal hair, combed wool in fragments and wool tops, and vaccines for veterinary medicine. The Iranian exports to India can be enhanced in raw skins of sheep or lamb with or without wool on, tanned or crust hides and skins of bovine or equine animals, in wet or dry state, tanned or crust hides and skins of sheep and lambs without wool in wet or dry state, greasy wool and degreased wool not carded or combed.