MFN status for India: ‘consultation with industry to be over by October-end’
Business Recorder, 29 October, 2011
Federal Secretary Commerce Zafarq Mahmood on Friday said consultation on granting Most Favoured Nation (MFN) status to India with the industry stakeholders would be completed by the end of this month. More…
New opportunities beckon Dhaka, Delhi: Mitter
BD News, 29 October, 2011
New opportunities beckon Bangladesh and India to move forward as new avenues of cooperation in trade, power and transit lead to the road of development. More…
Bhattarai defends Indo-Nepal trade pact
IBN Live, 28 October, 2011
Prime Minister Baburam Bhattarai has defended his decision to ink a crucial trade pact with India during his New Delhi visit last week, amid demands by a faction of the ruling Maoist party to scrap the treaty. More…
India bids for closer East Asia ties for regional integration
Japan Times, 24 October, 2011
India wants to play a role in the economic integration of Asia through closer ties with East Asian powers including China — despite a long history of political hostility — and Japan, journalists and experts from India said at a recent symposium in Tokyo. More…
New promise in India-Nepal ties
Business Standard, 24 October, 2011
India and Nepal have agreed to reinvent their age-old, but sometimes prickly relationship, with the promise of moving full speed ahead on the bilateral trade and economic front, even as Delhi offered Nepali Prime Minister Baburam Bhattarai all help in skilling and rehabilitating Maoist cadres in case Kathmandu wanted it. More…
Indo-Pak trade increase beneficial for both countries
Daily Times, 21 October, 2011
Federal Commerce Minister Makhdoom Amin Fahim said increase in bilateral trade between Pakistan and India would be beneficial for both the countries. More…
India-Malaysia bilateral trade value by 2015 seen at $15 b
Business Line, 20 October, 2011
India-Malaysia bilateral trade is expected to touch $15 billion by 2015, according to Mr Shah Nizam Ahmed, Consul (Trade), Consulate General of Malaysia. More…
India, Nigeria bilateral trade now N2 trn, on back of Airtel’s acquisition
Business Day, 20 October, 2011
Mahesh Sachdev, Indian high commissioner to Nigeria , has disclosed that the bilateral trade between India and Nigeria reached $13 billion by September 2011. In particular, he said in the last quarter of 2010, India invested $5 billion in the Nigerian economy. More…
Call to address traders’ concerns before MFN status to India
The News, 20 October, 2011
Bilateral Indo-Pak trade will benefit both the countries if the trade is done on fair grounds. Though consultations on giving the Most Favored Nation (MFN) status to India are underway, the country will not get the status unless it addresses Pakistani traders and businessmen’s concerns. More…
There’s immense untapped potential in India-Russia trade
Financial Express, 19 October, 2011
Despite the global financial crisis, the Indo-Russian trade touched $8.5 billion in 2010, thrice as much the figure for 2005. In an interview to Huma Siddiqui, head of the trade Representation of Russia in India Mikhail A Rapota says the bilateral trade target of $20 billion by 2015 is feasible. More…
Deal aims to triple trade with India
Metro News, 19 October, 2011
Canada’s trade with India is growing in real terms but sliding in market share, “While trade between the two countries has grown between 15 and 20 per cent a year, India’s trade with the rest of the world is growing at 40 to 50 per cent,” More…
Indian merchandise trade to grow three-fold by 2025
Financial Chronicle, 17 October, 2011
Indian merchandise trade in 2025 is expected to be $976.7 billion, almost three times its levels in 2010 — at $338.9 billion. More…
India and Burma boost trade and bilateral ties
Radio Australia, 17 October, 2011
India and Burma have agreed on a series of measures to boost trade and co-operation. During a visit to New Delhi by the Burmese President Thein Sein, India agreed to loan Burma $US500 million for infrastructure projects and the nations will expand existing co-operation in oil and gas exploration and border trade. More…
Nepal prime minister to visit India this week
Live Mint, 17 October, 2011
Nepal Prime Minister Baburam Bhattarai will be in India this week on a trip that, analysts say, provides New Delhi an opportunity to rescript its ties with the strategically located neighbour. More…
India-Africa bilateral trade hits $53b, expected to double by 2015
Ghana Business News, 16 October, 2011
Bilateral trade between India and Africa is said to have reached $53 billion in 2010-11 from $25 billion in 2006-07, according to the Federation of Indian Chambers of Commerce and Industry (FICCI). More…
India gold ETF demand likely to explode: World Gold Council
The Economic Times, 16 October, 2011
Demand for gold exchange traded funds (ETF) in India is likely to “explode” as investors get accustomed to “click-and-park” mode of investing, shying away from sagging stock markets and as high inflation eats into bank savings, a trade body head told Reuters on Thursday. More…
Myanmar asks India to reduce freight charges
MSN, 15 October, 2011
Myanmar today asked India to reduce high freight charges, in a bid to increase exports of pulses from the neighbouring country. India, which is dependent on imports to meet domestic shortage of 3-4 million tonnes of pulses, largely buys lentils from countries like Myanmar and Australia. More…
India-China Strategic Economic Dialogue: A View from Beijing
IDSA, 15 October, 2011
Chinese Premier Wen Jiabao and his Indian counterpart Manmohan Singh agreed to establish a regular bilateral strategic economic dialogue mechanism during Wen’s visit to India last December, and the first one-day meeting of the China-India Strategic Economic Dialogue was held in Beijing on 26 September. More…
Taiwan-India relations scale new heights
Taiwan Today, 14 October, 2011
As Europe and the United States continue to struggle with the specters of a possible double-dip recession, India is emerging as one of the fastest growing economies in the world. That is why the ROC government has been gearing up to expand ties with the South Asian nation. More…
Pharma trade with India under MFN to affect local industry
Daily Times, 14 October, 2011
Pakistan Pharmaceutical Manufacturers Association (PPMA) on Thursday said the proposed granting of Most Favoured Nation (MFN) status to India in pharma sector would significantly impact the local industry. More…
India, Czech Republic Bilateral Trade Likely To Touch $2 Bln. In 2012
NASDAQ, 13 October, 2011
The Czech Republic Monday said the bilateral trade with India might touch $2 billion in 2012, due to increasing economic engagement between the countries. More…
India-Africa bilateral trade to double in next 5 years: FICCI
Business Line, 12 October, 2011
Bilateral trade between India and Africa is set to double in the next five years from the current level of $53 billion, with sectors such as transport equipment, services, health and agriculture projected to drive the growth. More…
India-Vietnam aims $7 bn bilateral trade by 2015
The Economic Times, 12 October, 2011
India and Vietnam on Wednesday decided to work for an early conclusion of India-ASEAN free trade pact in services apart from setting a bilateral trade target of USD 7 billion by 2015 to give a boost to economic ties. More…
India to place €2.5 bn as initial corpus in the local rupee accounts of Iran’s central bank to clear dues
The Economic Times, 12 October, 2011
India and Iran have worked out a payments solution to the bilateral trade that had almost stalled because of the US sanctions on Iran. More…
Kamal Nath discusses bilateral trade with UAE minister
The Economic Times, 11 October, 2011
Urban Development Minister Kamal Nath has discussed mechanisms for development of the economic partnership between India and the UAE with UAE Foreign Trade Minister Sheikha Lubna Al Qasimi. More…
GCC-India trade to flourish
Daily Observer, 11 October, 2011
India and the Gulf countries have the opportunity to play a key role in each other’s bid to achieve accelerated economic growth. More…
India, Czech Republic bilateral trade may hit $2 bn in 2012
Money Control, 10 October, 2011
The Czech Republic on Monday said bilateral trade with India is expected to touch USD 2 billion in 2012 on account of increasing economic engagement between the countries. More…
ASEAN, India set up agricultural cooperation
The Jakarta Post, 10 October, 2011
India and ASEAN formed on Saturday a framework of bilateral cooperation in the agriculture sector that would last for at least five years. ASEAN ministers or their deputies met with Indian Minister of Agriculture and Food Processing Sharad Pawar to arrange matters related to agricultural development and food trade in the region. More…
India welcome to explore oil and gas in Vietnam: President
Zee News, 09 October, 2011
Unfazed by Chinese threats, Vietnam President Truong Tan Sang Sunday said India and other foreign nations were welcome to explore hydrocarbons in areas within his country’s jurisdiction, as he sought to deepen strategic and defence ties with New Delhi. More…
SA, India seek to build on strong bilateral trade relations
Engineering News, 07 October, 2011
India and South Africa have a historical relationship but, recently, the two countries have been focusing on ways and platforms to further strengthen trade relations. More…
India, Iran agree on payment mechanism for trade
The Hindu, 07 October, 2011
In a significant development indicating a breakthrough in resolving the India-Iran payment crisis for import of oil as well as exports, both countries have agreed to set up a payment mechanism to facilitate bilateral trade. More…
India, Afghan agree to boost trade; lower tariffs on cards
PTI, 04 October, 2011
With a view to expanding trade and economic relations, India and Afghanistan today agreed to take steps to simplify customs procedures and gradually lower tariff barriers. More…
Singh accepted invitation to visit Pak: Fahim
IBNLive, 04 October, 2011
Prime Minister Manmohan Singh has accepted Pakistan’s invitation to visit the country, according to Commerce Minister Amin Fahim.. Fahim extended the invitation during a meeting with Singh in New Delhi at the end of his visit to India. More…
RI, India to hold first trade ministers’ forum
Jakarta Post, 04 October, 2011
India and Indonesia, the rising stars of the Asian Century, will hold the first Biennial Trade Ministers’ Forum on Tuesday in Jakarta to double their surging bilateral trade and forge a strong economic partnership between the two countries, an Indian diplomat has said. More…
India in talks with GCC states to sign free trade pact
Gulf Times, 04 October, 2011
India is in talks with members of the Gulf Co-operation Council (GCC) to conclude a free trade agreement. A framework agreement for the FTA has already been signed. More…