The document provides information about Kuwait and its relationship with India. It states that Kuwait is located in Western Asia, shares borders with Iraq and Saudi Arabia, and has a population of 4.2 million. Kuwait has a high-income economy backed by the world's sixth largest oil reserves. India is among Kuwait's top ten trading partners and Kuwait supplies around 5.5% of India's energy needs through crude oil exports. The two countries have agreements to encourage economic cooperation and have signed several memorandums of understanding. The document outlines key imports and exports between India and Kuwait as well as Kuwait's ports and free trade zone.

1. KUWAIT
S JISHNU
150330027

2. KUWAIT - MAP

3. INTRODUCTION
 The State of Kuwait is a country in Western Asia. Situated in the
northern edge of Eastern Arabia at the tip of the Persian Gulf, it shares
borders with Iraq and Saudi Arabia.
 As of 2016, Kuwait has a population of 4.2 million people.
 It has a high income economy backed by the world's sixth largest oil
reserves.
 The Kuwaiti dinar is the highest valued currency in the world.
 According to the World Bank, the country has the fourth highest per
capita income in the world.
 The State of Kuwait has been a WTO member since 1 January 1995 and
a member of GATT since 3 May 1963.

4. 20 LARGEST OIL RESERVES

5. India Kuwait relation
• Indo-Kuwaiti relations have always had an important trade dimension.
• India has consistently been among the top ten trading partners of Kuwait.
• Kuwait has been a reliable and fourth largest supplier of crude oil to India.
During 2015-16, Kuwait was the seventh largest oil supplier to India and it
meets about 5.5% of India’s energy needs.
• Total bilateral trade with Kuwait during 2015-16 was US$ 6.2 billion (Rs.
40,488.02 crore).

6. India’s export to Kuwait
• Exports to Kuwait in the last five years are over US$1 billion. During
2014-15.
• Major items exported from India to Kuwait covered a broad range
including food items, cereals, textiles, garments, electrical and
engineering equipment, pressure vessel reactors, industrial valves,
boilers, machinery and mechanical appliances, cars, trucks, buses,
tyres, chemicals, jewellery, handicrafts, metal products, iron and
steel, etc.

7. India’s Imports from Kuwait
• India’s imports from Kuwait during 2015-16 were US$ 4.96 billion of
which POL accounted for US$ 4.05 billion (Crude oil import was worth
US$ 3.58 billion).
• In Rupee terms, the total imports from Kuwait were at 32,329.11
crores during 2015-16.
• Major imports from Kuwait (excluding Petroleum & its products)
were organic chemicals, plastic and its articles, iron and steel,
aluminum and copper and pulp of wood, etc.

8. Agreements between India and Kuwait in the Economic Field
• Trade Agreement signed in February 1974.
• Cooperation Agreement for the Promotion of Economic, Commercial and Technical Cooperation signed in
February 1992.
• Agreement for Encouragement and Reciprocal Protection of Investment signed in November 2001 and ratified
in June 2003.
• Agreement on Juridical and Judicial Cooperation in Civil and Commercial Matters signed in August 2005 and
ratification process completed in June 2009.
• Agreement on Drug Demand Reduction and Prevention of Illicit Trafficking in Narcotic Drugs, Psychotropic
Substances and Precursor Chemicals and Related Matters was signed in June 2006 and ratification process was
completed in July 2012.
• MOU on Labour, Employment and Manpower Development signed in April 2007.
• MOU on Civil Aviation between India and Kuwait authorities, latest one signed in June 2007.
• Agreement on the Avoidance of Double Taxation and Prevention of Fiscal Evasion of Taxes on Income signed in
June 2006.
• Agreement on Scientific and Technological Cooperation signed in April 2009.
• MOU on Medical Cooperation signed in April 2012.
• MOU on Youth Affairs and Sports signed in November 2013.

9. IMPORTS

10. Top Import Commodities
&
Top Ports

12. EXPORTS

13. Top Export Commodities
&
Top Ports

15. KUWAIT Ports
• Port of Doha.
• Port of Khor al Muffatta.
• Port of Kuwait.
• Port of Mena Al Ahmadi.
• Port of Mina Al Ahmadi.
• Port of Shuaiba.
• (Port of Shuwaikh)-FTZ

16. KUWAIT FREE-TRADE ZONE
 Kuwait's Free Trade Zone (FTZ)
 Was launched in1999
 Located in a 1.5 million square-meter area in the western part of
the main commercial port of Shuwaikh.
 The zone includes warehouses with storage facilities, exhibition
grounds, banks, courier companies, and insurance companies.
 The enticement includes 100% foreign ownership without any
commercial taxes or currency restrictions and competitive
insurance.

17. Benefits offered by Kuwait FTZ :-
Companies can be 100 % foreign owned
Exemption from
i. Corporate tax
ii. Personal income tax
 Goods imported in and export from the FTZ are exempte from
custom duty
No foreign exchange restrictions and no capital control

18. SAU, 14.10%
ARE, 13.57%
CHN, 13.38%
IND, 12.96%
IRQ, 7.12%
QAT, 3.96%
TUR, 3.93%
USA, 3.66%
PAK, 2.57%
JOR, 2.33%
OTHERS, 22.41%
EXPORT
Trade partners – Export

19. CHN, 16.12%
USA, 9.51%
ARE, 9.41%
JPN, 6.84%
DEU, 5.65%
SAU, 5.00%IND, 4.41%
ITA, 3.44%
KOR, 3.07%
GBR, 2.86%
OTHERS, 33.69%
IMPORT
Trade partner - Import

20. Traded goods – Export - Import

21. LPI - INDIA

22. THANK YOU