Search Result for : Cepa

The Dollar Business Bureau  The Indian government is planning to bring out a set of procedures to begin investigating the imposition of safeguard duty against imports from South Korea. India and South Korea have signed a Comprehensive Economic Partnership Agreement (CEPA) on January 2010 and a subsequent review in the agreement in 2016, brought forth the reduction/elimination of duties on various products.  The move by the government comes in the wake of a surge of gold imports from South Korea which is worrying the domestic producers. The Indian Revenue department has notified the India-Korea Comprehensive Economic Partnership Agreement (Bilateral Safeguard Measures) Rules, 2017, for laying out the procedures for such safeguard investigations. This is necessary as India needs to have separate rules ...

The Dollar Business Bureau The Commerce and Industry Minister Nirmala Sitharaman  on Monday said that the pace for implementing the India and Japan free trade agreement (FTA) needs to be increased further in order to exploit its huge potential. During a meeting between the minister and Japan's Minister of Economy, Trade and Industry (METI), Hiroshige Seko this and many other issues were discussed. Sitharaman said that the implementation of Comprehensive Economic Partnership Agreement (CEPA) between India and Japan has been slightly steady and required to be increased with faster pace in order to tap the great potential of bilateral trade between the two countries, an official statement said. Seko said that there is a lot of potential for cooperation between the two countries and stated that ...

Sreenivasa Rao Dasari The Federation of Indian Export Organisations (FIEO) sees many factors affecting the export performance of the Indian industry. Despite several free trade agreements (FTAs), Indian exporters failed to tap the potential as several micro issues were not addressed in the trade pacts, FIEO Chairman (southern region) Dr Sakthivel tells The Dollar Business correspondent. Recently FIEO observed that Indian exporters are not making use of 27 FTAs that India signed with other nations, why? India currently engaged with 19 Regional Trade Agreements (RTAs) apart from several bi-lateral engagements. However, several studies point out that while partner countries could make inroads into our country by increasing their exports, India could not utilise the free-trade agreements (FTAs) fully for increasing our exporters. What are ...

Aamir H Kaki   Since the time India has thrown open her doors to foreign investors and investments, countries all over the world are vying to show India that they possess much superior quality products that can give the Chinese a run for their money. South Korea is one such country that is making its presence felt. Who in India hasnt heard of Hyundai, Samsung and LG? They are silently and steadily making inroads into the Indian psyche.   The Dollar Business had an opportunity to talk to a group of South Korean business persons representing varied sectors and exhibiting their products at the India International Trade Fair (IITF), Pragathi Maidan, New Delhi.   South Korea this year is the ‘Partner Country’ of the 36th edition of ...

Aamir H Kaki & Ahmad Shariq Khan UK’s International Trade Secretary Liam Fox said that a Comprehensive Economic Partnership Agreement (CEPA) would be a great prize for both India and the UK. However, he said there are some issues that need to be resolved. “A Comprehensive Economic Partnership Agreement would be a great prize for both countries, but it won't come easy,” he said while speaking to The Dollar Business. Fox is part of the delegation led by the Prime Minister of UK, Theresa May, who is on a visit to India from November 6-9. He further said the key concern for the agreement is that the negotiators will need to navigate some of the issues which exist in the currently stalled EU-India FTA deal. Briefing on the issues, International Trade ...

The Dollar Business Bureau Praising Japan’s increasing role in India’s economic transformation and development, Commerce and Industry Minister Nirmala Sitharaman said Japan and India have been taking adequate measures to implement issues related to the Comprehensive Economic Partnership Agreement (CEPA) and to improve bilateral trade as well as trade balance with Japan. Speaking at a seminar on promoting India’s exports to Japan under India-Japan CEPA, Sitharaman said India - Japan partnership has expanded over the past few years and now the identified complementarities are being harnessed through trade and investments to our mutual advantage. Since CEPA between India and Japan was implemented on August 1, 2011, India’s bilateral trade with Japan has gone up to $14.5 billion in 2016 from $10.4 billion pre-CEPA in 2010. However, India’s ...

The Dollar Business Bureau  Finance Minister Arun Jaitley on Sunday arrived in Canada on a three-day official visit during which he is slated to review and discuss bilateral trade between the two countries. Jaitely is on a seven-day visit to Canada and the USA. In Canada, he will meet top government officials to review progress made in the proposed Foreign Investment and Protection Agreement (FIPA) and Comprehensive Economic Partnership Agreement (CEPA). During his visit to the US, Jaitley will participate in the Annual Meetings of the World Bank and International Monetary Fund. He will also hold meetings with Canadian investors and seek investments in the country’s various sectors, especially in its renewable energy. The three-day annual meeting of the IMF and the World Bank begins on ...

The Dollar Business Bureau India and South Korea will have a discussion on Saturday to assess their free trade agreement (FTA) in order to strengthen it. In January 2010, the two countries had implemented the CEPA (Comprehensive Economic Partnership Agreement) and relaxed the trade regulations for one another. The Commerce Minister Nirmala Sitharaman, while speaking at an event jointly organised by Korea Trade-Investment Promotion Agency (KOTRA) and FICCI, said the two nations should take every step for further strengthening the CEPA and will discuss several aspects of the agreement. “We hope to do an intensive exercise so that it can be concluded in favour of both the countries. It will require quite a few assessments of the benefits derived from both the countries ...