RCEP TRADE PACT INDIA
Govt yet to take call on RCEP meeting invitation
The ASEAN Secretariat has invited India to attend the meeting to sort out its issues related to the proposed free trade deal. “India has received the invitation for the meeting. No decision has been taken on the issue,” said an official.
RCEP offers $125 billion market for domestic companies
RCEP offers a market potential of $125-million to Indian firms, as per a World Trade C...
India, Brazil ink 15 pacts to boost ties further
India and Brazil on Saturday inked 15 agreements to boost cooperation in a wide range of are...
Why being a part of the global value chain matters for India
Global value chains create more and better jobs, accelerate economic growth and reduce poverty.
India had concerns over China's trade practices: Piyush Goyal on RCEP
"India did not join Regional Comprehensive Economic Partnership because the partnership was not amongst equals", Union Commerce and Industry...
Budget 2020: ISSDA seeks nil duty on import of key raw materials
ISSDA also urged the government for simultaneous imposition of 12.5% custom duty on stainless steel flat product imports in order to bring it at par with carbon steel. The association has also sought abolition of 7.5% import duty on graphite electrodes, another major raw material for stainless steel manufacturing, an official statement said.
India likely to raise import duties on more than 50 items in Budget
India plans to increase import duties on more than 50 items, targeting about $56 bn worth of Chinese imports.
China should consider Belt and Road Initiative via Kolkata, Mumbai ports instead of PoK: Subramanian Swamy
BRI is China's global economic initiative for connecting with Europe, Africa and the rest of Asia through road and maritime routes with focus on infrastructure, transportation and energy sectors. Swamy suggested that instead of passing through PoK, the BRI corridor can enter India from Kunming in southwestern China and from Kolkata Port it can take the sea route.
Sajjan Jindal calls for development FIs
India needs development finance institutions (FIs) to fund the capital expenditure needs of Indian companies, said JSW Group chairman Sajjan Jindal.
CII for better participation by India in trade pacts
“Globally, a large part of international trade is happening via the preferential route. To increase India’s share in value chains, diversifying our export markets and export products, the country must increase its participation in RTAs,” the CII said in a report titled ‘India’s Exports — Trend, Challenges and Future Strategy’, released on Tuesday.
Import of wines, cars from EU may get cheaper
India has made a pitch after it decided to stay away from the RCEP agreement — the mega trade block comprising China, Japan, Korea, the Asean countries, Australia and New Zealand. After Brexit, India also proposes to push for a trade deal with the UK as it seeks greater market access for textiles and some farm products in European markets.
Working with India on pact against unilateral US Sanctions: Sergey Lavrov, Russia’s foreign minister
Against the background of the increasingly aggressive use of financial sanctions by the US administration, Russian policy is aimed at gradual de-dollarisation of the economy. Together with our main partners, including India, we are working on developing economic and legal mechanisms to reduce the negative impact of restrictions, asserted Russia’s foreign minister.
Brazilian President’s visit expand India’s forays into Latin America
The visit that will enable to boost India’s forays into Latin America was strengthened with the conclusion of 15 agreements and a Memorandum of Understanding (MoU) including on investment cooperation and facilitation treaty, mutual legal assistance in criminal matters, bioenergy and cyber security.
India, Australia 'natural partnership' registers steady growth in 2019
In November 2017, India, the US, Australia and Japan gave shape to the long-pending "Quad" Coalition to develop a new strategy for keeping the critical sea routes in the Indo-Pacific free of any influence. China has been trying to expand its military presence in the Indo-Pacific, which is a biogeographic region, including the South China Sea.
Need to have fairer, more equitable terms in trade relations: Piyush Goyal
Speaking at the World Economic Forum Annual Meeting 2020, the commerce and industry minister also called for greater cooperation among various nations to realise the huge growth prospects in the Indian Ocean region and also for tackling the important issue of climate change.
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