Page 8 - Trade Talks
India, Australia may conclude talks for comprehensive trade deal by Dec
Both sides have already had three rounds of negotiations, during February-June. The fourth round is scheduled in July 2023
In race for market connectivity, UK-India ties offer point of difference
Their partnership can turbo charge the development of India's financial markets
India, UK struggling to make progress in free trade talks: Report
The two nations are unable to agree on concessions on duties levied by India on car and liquor imports, a government official with direct knowledge of the matter said
India-EU trade, technology council first meeting at Brussels on May 16
The first ministerial level meeting of India-European Union Trade and Technology Council (TTC) will be held on May 16 in Brussels to discuss ways to increase cooperation in strategic technologies, digital connectivity, clean energy, trade and investments, an official statement said on Sunday. Commerce and industry minister Piyush Goyal is one of the co-chairs along with external affairs minister S Jaishankar and Union minister of state for electronics and information technology Rajeev Chandrasekhar, the commerce ministry said in a statement. The EU side is co-chaired by Executive Vice Presidents (EVPs) Dombrovskis and Vestager. It said that three working groups under the mechanism will report on roadmaps for future cooperation between the two sides -- Working Group on Strategic Technologies, Digital Governance and Digital Connectivity; Working Group on Green and Clean Energy Technologies; and Working Group on Trade, Investment and Resilient Value Chains. "The first ministerial meet
India, EFTA member countries discuss resumption of talks for trade pact
India and the four-nation bloc EFTA on Wednesday discussed ways to resume negotiations for a free trade agreement with a view to strengthening economic ties between the two regions. The subject came up for discussion during a meeting of high-level representatives from India and the European Free Trade Association (EFTA) states (Iceland, Liechtenstein, Norway, and Switzerland) here. Both sides "discuss the prospects of resuming their negotiations towards a Trade and Economic Partnership Agreement (TEPA)," the commerce ministry said in a statement. Free trade agreements between the two regions are officially dubbed TEPA. Under such pacts, two trading partners significantly reduce or eliminate customs duties on the maximum number of goods traded between them, besides easing norms to promote trade in services and investments. The high-level delegations were composed of Commerce and Industry Minister Piyush Goyal; Jan Christian Vestre, Minister of Trade and Industry of Norway; Helene ..
Twitter partners with Israeli company, users can soon trade stocks, crypto
Twitter has partnered with Israel-based social trading company eToro, which will allow users to access stocks, cryptocurrencies and other financial assets
Bank of Ceylon, SBI, Indian Bank talk benefit of rupee trade in Colombo
Following the Russia-Ukraine war and the sanctions imposed by the West, India has been trying to promote rupee trade
Rupee gains 20 paise to 81.50 against US currency in morning trade
The rupee rose by 20 paise to 81.50 against the US currency in morning trade on Wednesday following a weak dollar in the global markets. Early losses in domestic stock markets and a rebound in oil prices, however, restricted the rupee's gains. At the interbank foreign exchange, the rupee opened higher at 81.62 and rose further to a high of 81.49 in morning trade. The rupee was trading at 81.50 to a dollar at 0950 hrs. The local currency had closed lower at 81.70 on Tuesday. The US dollar index, which gauges the greenback's strength against a basket of six currencies, slipped 0.04 per cent to 101.88. The Brent crude was trading 0.43 per cent lower at USD 86.48 per barrel while the oil for the Indian basket traded down 2.69 per cent at USD 79.98 per barrel. On the domestic equity market front, the 30-share BSE Sensex declined by 268 points or 0.44 per cent to 60,709.93. The broader NSE Nifty declined by 90.25 points or 0.5 per cent to 18,028.05. Foreign Institutional Investors (FI
Pakistan's mobile phone imports decline 66% in 1st half of FY 2023
Pakistan's mobile phone imports declined by 66 per cent in the first half of the current fiscal year 2022-2023, compared to the same period of the last fiscal year, according to official figures
2023 to be tough on trade as global economies will slow down: GTRI to Govt
Announcement of measures like quick refund of duties, resolving inverted duty issues and bringing exports through post and courier at par with standard customs clearances in the forthcoming Budget
India to seek easing of EU steel quotas, tarrifs in trade talks
New Delhi last month slapped anti-dumping import duties on stainless steel seamless tubes and pipe imports from China
Pak PM on two-day visit to UAE to ramp up bilateral economic, trade ties
Pakistan Prime Minister Shehbaz Sharif travelled to the UAE on Thursday on a two-day visit aimed at ramping up bilateral economic and trade ties, just days after the country's powerful Army chief General Asim Munir concluded his trip to the Gulf emirate. Sharif is leading a delegation of key ministers on his third visit to the UAE since becoming prime minister in April last year. He was received by UAE's Minister for Economic Affairs Touq Al Mari at Abu Dhabi airport. "My visit to the UAE is aimed at building on the conversation I have had with H.H. President Sheikh @MohamedBinZayed. We share a resolve & understanding that the continuous efforts need to be made to further strengthen trade, investment & economic relations," Sharif tweeted after landing in the UAE. Pakistan's Foreign Office said on Tuesday that Sharif will meet the UAE president Sheikh Mohammed bin Zayed with a particular focus on advancing economic, trade and investment ties between the two countries. "The two .
India-Australia interim trade deal kicks in today after eight-month wait
The implementation of the interim trade pact, also known as Economic Cooperation and Trade Agreement (ECTA) has the potential to double the bilateral trade between the two countries to $50 billion
What is the Indo-Pacific Economic Framework?
India will host to next special negotiation round of IPEF in February. IPEF is a trade partnership whose foundations were laid a few months ago. But why was it formed? What does it aim to achieve?
Joe Biden, Emmanuel Macron vow unity against Russia, discuss trade row
Presidents Joe Biden and Emmanuel Macron vowed to maintain a united front against Russia on Thursday amid growing worries about waning support for Ukraine's war effort in the US and Europe. Biden also signalled he might be willing to tweak aspects of his signature climate legislation that have raised concerns with France and other European allies. Biden was honouring Macron with a grand state dinner Thursday evening - the first of the US president's COVID-19 shadowed presidency for a foreign leader. But following up on Biden's upbeat comments might not go as smoothly as that fancy affair. Republicans who are about to take control of the House have shown less willingness than Biden to spend billions on Ukraine, and Democratic lawmakers said Thursday they were not about to jump back into the climate legislation. In fact, for all the positive statements, Macron's visit to Washington has been tempered by his criticism of Biden's Inflation Reduction Act and the challenges both leaders fa
RBI, UAE central bank discuss mechanism to trade in local currencies
Negotiations between India-GCC FTA expected in Jan-March quarter
Govt asks exporters to utilise and reap benefits of India-Australia FTA
There is a need to go beyond the usual buyer-seller meets and get more aggressive towards their ways to sell products in the Australian market, people aware of the matter told Business Standard
Landmark maritime Lebanon-Israel pact could have important ramifications
Under the agreement, Lebanon is awarded 840 square kilometres of the previously disputed area
UK FTA deadline depends on talks: Commerce secretary Sunil Barthwal
Deadline for agreement will depend on talks, he says as Diwali timeline goes by
FinMin sees Q1 growth at 15.6% ahead of GDP data, impact on trade component
This is lower than RBI's April-June (Q1FY23) GDP projection of 16.2%
