Search Result for : Comprehensive Economic Cooperation Agreement Ceca

The Dollar Business Bureau Australian Prime Minister Malcolm Turnbull, while on a three-day visit to New Delhi and Mumbai, has agreed to push for bilateral trade with India but indicated slow progress on the discussion amid concerns about “the right timing for a bilateral deal with the country”.  Turnbull was of the view that it is difficult to enter India's market comprising a population of 1.3 billion people for farm exports from Australia. He also raised concerns about the opportunities available in Australia for skilled workers from India. According to him, the country will allow this only when there is genuine shortage of skills paving way for skilled persons from the overseas markets.  Turnbull said that Australia is looking at India with a ...

PTI  India and Australia failed to make a headway in finalising the long-overdue free trade deal during Prime Minister Malcolm Turnbull's first visit to India though he got along well with his counterpart Narendra Modi, the Australian media revealed. Turnbull's trip had raised high hopes of breathing new life into the stalled trade negotiations but the two leaders admitted that the progress was "very slow". The Australian PM said there was no point in setting arbitrary time frames for the agreement. "You can sign an agreement any time, it’s a question of whether it’s got the provisions that make it valuable and worthwhile from Australia's point of view," Turnbull was quoted as saying by Skynews TV channel. The two covered a ...

The Dollar Business Bureau Adani looks forward to boosting its Carmichael Mine project in Australia as the company has received all environmental clearances and other necessary approvals, Harinder Sidhu, Australian high commissioner to India said. “The Adani investment proposal has now got the environmental approvals. It has everything it needs now. The way is now clear for Adani,” Sidhu said. In February, the Queensland state had approved Adani’s $16-billion coal mine project in the Galilee Basin. Referring to the proposed India-Australia Comprehensive Economic Cooperation Agreement (CECA), Sidhu said, “Although the negotiations are at an advanced stage, it will not be feasible to commit to a timeline as to when it will be concluded because she is representing a care-taker government.” ...

Aiming to strengthen India-Australia relations in commercial IT research and development (R&D), with a focus on optimization, simulation, cybersecurity, etc., a six-person delegation from Australia is visiting Mumbai, Bengaluru, Chennai, Hyderabad and New Delhi to interact with the Indian IT industry Shivani Kapoor and Manisha Choudhari |The Dollar Business Amanda Hodges and two delegates at Taj Deccan, Hyderabad   Aiming to strengthen India-Australia relations in commercial IT research and development (R&D), with a focus on optimization, simulation, cybersecurity, etc., a six-person delegation from Australia is visiting Mumbai, Bengaluru, Chennai, Hyderabad and New Delhi to interact with the Indian IT industry, as part of the Australian ICT (Information and Communication Technologies) Centres of Excellence Mission to India. At a media briefing attended by The ...

The Dollar Business Bureau    The government on Wednesday approved the revised model of the Indian Bilateral Investment Treaty (BIT) – a model that would provide appropriate protection to foreign investors in India and Indian investors in the foreign countries. “The revised model BIT will be used for re-negotiation of existing BITs and negotiation of future BITs and investment chapters in Comprehensive Economic Cooperation Agreements (CECAs)/Comprehensive Economic Partnership Agreements (CEPAs)/Free Trade Agreements (FTAs),” Ministry of Finance said in a statement on Wednesday. The new model will encourage foreign investors and provide them a balance between investors’ right and the government’s obligations and ensure non-discrimination in all policy matters. It will also establish an independent forum for dispute settlement by arbitration. “BITs ...

The Dollar Business Bureau In order to boost the commercial trade ties with India, Australian Trade and Investment Minister Andrew Robb has arrived in India yesterday for a three day visit. The minister will also will also attend the Australia-India CEO Forum at the invitation of the co-chairs, Rio Tinto CEO Sam Walsh and the Chairman of the Adani Group, Gautam Adani. Andrew Robb will also discuss progress of the ongoing negotiations for the Comprehensive Economic Cooperation Agreement (CECA), which both countries aim to ink this year. As per reports, the eighth round of negotiations is set to take place in New Delhi in July. “Both the countries have agreed to work towards concluding the CECA in 2015 to increase trade ...

Sai Nikesh | The Dollar Business The Union Ministry of Commerce & Industry, on Monday, expressed the Government of India’s (GoI) willingness to go ahead for Free Trade Agreement (FTA) with the European Union (EU). To this effect, the Union Commerce Minister, Nirmala Sitharaman said that New Delhi was ready for talks with the EU over the trade facilitation agreement, which has been pending since a long time. Referring to EU countries as India’s long-standing traditional trade partners, the Minister further informed that the EU ambassador and ambassadors of the individual EU countries were also given assurance in this regard. The Ambassador of the EU community was also said to have raised concerns about this long-pending issue and has ...

The Dollar Business Bureau | @TheDollarBiz   The Foreign Ministers of India and Singapore have directed officials to identify concrete projects in five focal areas of cooperation including trade, connectivity and investments, as a part of the second review of the Comprehensive Economic Cooperation Agreement (CECA) that was signed between the two countries in 2005. Singapore’s Foreign Minister K. Shanmugam and India's External Affairs Minister Sushma Swaraj said today in Singapore that CECA has helped bilateral trade to increase from $4.2 billion in 2003-04 to around $19.3 billion in 2013-14. “Singapore became one of India’s largest foreign investors in 2013, while Singapore is one of India’s top investment destinations,” they said.   Sushma Swaraj said, “It is gratifying that Singapore is ...