the European trading company was established to control Indian spice trade
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The East India Company was an English company formed for the exploitation of trade with East and Southeast Asia and India. Incorporated by royal charter on December 31, 1600, it was started as a monopolistic trading body so that England could participate in the East Indian spice trade.
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There was extensive trade with the ports of the Red Sea, the Persian Gulf, East Africa, Southeast Asia, and China. Indian spices and cloth were exported, and gold, ivory, spices, tin, Chinese blue pottery, and silver were imported.
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