Minister of Commerce, Industry and Textiles,Shri Anand Sharma,release the Annual Supplement 2013-14 to the Foreign Trade Policy 2009-14 on 18th April, 2013, at Vigyan Bhawan, New Delhi. According to the report,in the financial year 2012-13, India’s exports have crossed US$ 300 billion reaching at US$ 300.60 billion. There is a prone of a shifting trend as Indian exports to Asia, Africa and Latin America during 2012-13 touched US$ 195.27 billion, accounting for 65% of our total export basket. This is indeed a development with significant import as South-South trade is assuming a new dynamics. Apart from this, value added exports have got a centrality in our export basket as engineering exports accounted for US$ 57 billion, textiles accounted for US$ 26 billion and pharmaceuticals at US$ 15 billion.