Search Result for : Asia Pacific

PTI India, China and Russia on Thursday held their first round of consultation on Asia-Pacific Affairs which included regional security architecture, coordination within regional and multilateral fora, anti-terrorism and other regional issues. The consultation was attended by representatives from Ministry of Foreign Affairs of China, Ministry of Foreign Affairs of Russia and Ministry of External Affairs of India, an Indian Embassy statement in Beijing said on Thursday. The three parties conducted in-depth exchange of views on the situation in the Asia-Pacific region, foreign policy towards Asia, regional security architecture, coordination within regional and multilateral fora, anti-terrorism and other acute, topical regional issues, it said. The three parties also agreed that as important countries in the region, China, Russia ...

Trans Pacific Partnership (TPP) will eliminate more than 18,000 taxes that various countries put on Made in America products Source: PTI Obama asked lawmakers to enact the deal into law as soon as possible so that the American economy can immediately start benefiting from the tens of billions of dollars in new export opportunities   Hailing the signing of one of the biggest multinational trade deals in history, President Barack Obama on Thursday said the Trans Pacific Partnership deal will bolster US leadership abroad and give it an advantage over other leading economies like China. The US-led Trans Pacific Partnership (TPP), which was signed by 12 countries in New Zealand, would bolster American leadership abroad and support good jobs at home, Obama said. TPP will ...

TPP is all about United States seeking more influence in the Asia-Pacific region and, of course, its desperation toward re-writing therules of global trade sans China Manish K. Pandey |The Dollar Business While US is Indias biggest trade market constituting about 13% of its total merchandise exports, the other 11 members of the TPP collectively account for about 11% of Indias total merchandise exports   The Trans-Pacific Partnership (TPP) was finally agreed upon by the member countries last month after more than five years of discussions. Arriving at the accord was no mean feat given the diverse and competing interests of a dozen of nations: United States (US), Canada, Japan, Australia, New Zealand, Brunei, Mexico, Peru, Chile, Singapore, Malaysia and Vietnam. The mega-trade bloc ...

Source: PTI The multi-nation Trans-Pacific Partnership (TPP) accounting for 40% of the world economy would put pressure on China to raise its environmental and labour standards, the White House has said. “There's no denying that this does put pressure on China to raise environmental standards, to raise labour standards, and to incorporate the kind of intellectual property protections that are included in the Trans-Pacific Partnership agreement," White House Press Secretary Josh Earnest said. His remarks come a day after 12 countries reached agreement on the Trans-Pacific Partnership following grueling Atlanta negotiations. TPP does put a lot of pressure on China that typically likes to see their own influence inside of Asia, and by raising economic standards in the Asia Pacific, the ...

Source: PTI An Australian infrastructure consulting firm on Tuesday finalised a deal with an Indian data services provider in Singapore to deliver superior energy efficiency solutions to their Asia Pacific customers. Australia-based Green Global Solutions which has its Asia Pacific office in Singapore, said it will be entitled to deploy 'GFS Crane DCIM' software during its consulting engagements with Data Centre customers. The real-time measurements and analytic reports of power and environmental conditions from 'GFS Crane DCIM' would enable the Green Global team to deliver accelerated and superior outcomes of energy efficiency, risk, cooling and sustainability recommendations to data centre owners and operators, it said. This partnership will for the first time extend the reach of the company's products across Asia ...

Source: PTI Global CEOs are confident about the growth prospects of their businesses over the next three years and 80 per cent of them have bullish hiring outlook for this period, says a KPMG study. According to a study released by KPMG International, chief executives of global businesses are confident about the ability of their companies to grow over the next three years and are expressing confidence about the prospects for the global economy. “The overall message we've gotten from CEOs around the globe, is that they are positive about their prospects over the next three years, and importantly that they are looking to hire more people,” KPMG International Global Chairman John Veihmeyer said. Most importantly, CEOs globally are set to ...

 The Dollar Business Bureau Countries of Asia-Pacific Economic Cooperation (APEC) share many interests with India and there is a golden opportunity for the forum and New Delhi to benefit from deeper cooperation, a foreign ministry official said. “There is a golden opportunity for India and economic forums such as Asia-Pacific Economic Cooperation to benefit from deeper engagement. There is today a significant and identifiable convergence of interest and aspirations between India and APEC member economies,” said Anil Wadhwa, Secretary (East), Ministry of External Affairs. Wadhwa released a report ‘APEC and India: An Appraisal’ prepared by VS Seshadri, Vice-chairman, Research and Information System for Developing Countries (RIS) at a function organized by FICCI, RIS and ASEAN-India Centre on Friday. Wadhwa ...

The Dollar Business Bureau The total market opportunity in the Indian air cargo sector is expected touch 2.8 million tonnes by 2018, increasing at a compounded annual growth rate of 5.5%, a study said. In 2014, the market size was 2.26 million tonnes. Experts said that the industry will maintain the growth path for at least the next five years. According to analysts, one of the major reasons behind the growth of the air cargo industry has been the relaxation of the FDI (foreign direct investment) limit by the government. The present government is willing to attract foreign investment and that has proved to be a major boost for the industry. “Allowing 100% FDI in existing airports and under ...