# India's bilateral trade expansion > Live situation record from CLSTR: https://clstr.news/situations/indias-bilateral-trade-expansion > Updated: 2026-07-30T21:42:16.000Z. Sources: 3. Developments: 2. In early July 2026, India announced a goal to raise its bilateral trade with Costa Rica to roughly $391 million, signalling a push to broaden commercial links beyond its traditional partners. Later in the month, Indian and Chinese officials met in Beijing, agreeing to deepen trade and economic cooperation. The talks highlighted efforts to improve market access for Indian pharmaceuticals and other products, with both sides pledging greater communication to sustain growth. Chinese customs data showed a 21.8% increase in exports to India, reaching $79.41 billion in the first half of 2026, while Indian exports to China rose 37.2% to $12.31 billion, underscoring the accelerating trade relationship. Together, these developments illustrate India's simultaneous pursuit of new trade opportunities with smaller economies like Costa Rica and expanded engagement with major partners such as China, aiming to diversify and strengthen its global commercial footprint. ## Timeline ### 2026-07-30: India and China agree to deepen trade and economic cooperation India’s ambassador Vikram Doraiswami and China’s Vice‑Minister Yan Dong met in Beijing, agreeing to boost trade, market access for Indian pharmaceuticals and overall economic cooperation. 3 sources. https://clstr.news/cluster/india-and-china-agree-to-deepen-trade-and-economic-cooperation ### 2026-07-07: India, Costa Rica aim to lift bilateral trade to $391 million India and Costa Rica pledged to strengthen economic ties, seeking $391 million in bilateral trade by FY 2025‑26, with a virtual joint committee meeting focusing on standards, food safety and investment. 2 sources. https://clstr.news/cluster/india-costa-rica-aim-to-lift-bilateral-trade-to-391-million --- Cite as: India's bilateral trade expansion. CLSTR, https://clstr.news/situations/indias-bilateral-trade-expansion