<p>"The minister would leave today for a single-day visit to Riyadh where he would attend the joint commission meeting (JCM) tomorrow and would be back on Sunday," an official with the Ministry of Finance said.<br /><br />"Many issues would be taken up at the meeting, including development and trade," the official added.<br /><br />The the Joint Commission for economic, trade, scientific, technical and cultural cooperation was formed in 1981.<br /><br />Potential areas for cooperation include the hydrocarbons sector, power, railways, roads, telecom, information technology, biotechnology, pharmaceuticals, consultancy, education, tourism and tourism-related infrastructure.<br /><br />Main Indian exports to Saudi Arabia are basmati/ non-basmati rice, tea, man-made yarn, fabrics, cotton yarn, primary and semi-finished iron and steel, chemicals, plastic and linoleum products, machinery and instruments.<br /><br />India's imports include petroleum and petrochemical products. Saudi Arabia meets about 26 per cent of India's crude requirements annually, the website said.<br />The total trade between the two countries in 2007-08 was over USD 23 billion.</p>
<p>"The minister would leave today for a single-day visit to Riyadh where he would attend the joint commission meeting (JCM) tomorrow and would be back on Sunday," an official with the Ministry of Finance said.<br /><br />"Many issues would be taken up at the meeting, including development and trade," the official added.<br /><br />The the Joint Commission for economic, trade, scientific, technical and cultural cooperation was formed in 1981.<br /><br />Potential areas for cooperation include the hydrocarbons sector, power, railways, roads, telecom, information technology, biotechnology, pharmaceuticals, consultancy, education, tourism and tourism-related infrastructure.<br /><br />Main Indian exports to Saudi Arabia are basmati/ non-basmati rice, tea, man-made yarn, fabrics, cotton yarn, primary and semi-finished iron and steel, chemicals, plastic and linoleum products, machinery and instruments.<br /><br />India's imports include petroleum and petrochemical products. Saudi Arabia meets about 26 per cent of India's crude requirements annually, the website said.<br />The total trade between the two countries in 2007-08 was over USD 23 billion.</p>