A ministry sponsored study conducted by Research & Information Systems for Developing Countries these measures have increased incremental direct employment for 1.48 million people bringing the total employment generated by export sector to 9 million. India wants to export over USD 150 million by 2008-09 and generate 13.6 million new jobs. However, the study has not shown where and at what levels this achievement is. We do not know if these artisans, management, low-end laborers, or house-hold help jobs.
India also participated in the 7th India-European Union Summit in Helsinki in October 2006 and both partners agreed to commence negotiations for a broad-based Bilateral Trade and Investment Agreement. There is no information from either party on the scale or timetable for such an agreement.
India also activity initiated conversations with neighboring nations on Regional Trade Agreements while implementing the South Asian Free Trade Area (SAFTA). Specifically, it has started conversations with South Korea on a Comprehensive Economic Partnership Agreement (CPEA). Rightfully, India continues to be guarded against expanding the list of products allowed from China through the Nathu La pass in Sikkim. Opened last year, India allows 15 items from China and Beijing allows 29 items from India. New Delhi fears that China will use the Nathu La pass to get faster and easier access to the Bangladesh market and therefore compromise its trade with that country. Currently, the value of trade through this Rs. 8.86 lakh (USD 19,200) exported and Rs. 10.61 lakh (USD 23,000) and the whole measure remains a symbolic gesture of goodwill.