Indian government to probe rules for safeguard against South Korean imports
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 ...
Sri Lanka will never sign CEPA with India: PM Wickremesinghe
Source: PTI Sri Lanka will never sign the long- pending CEPA with India mooted during the previous Mahinda Rajapaksa regime, Prime Minister Ranil Wickremesinghe on Wednesday told parliament but said Colombo will instead enter into a new economic and technology pact with its neighbour next year. Wickremesinghe’s clarification in the Sri Lankan parliament came a day after trade union of state doctors – Government Medical Officers Association (GMOA) – claimed that the government is trying to sign the Comprehensive Economic Partnership Agreement (CEPA) with India under a new name. “Our government will never sign the CEPA agreement under any circumstance, and that it won't be signed under another name,” he said and lashed out at GMOA for “misleading its members ...
India-Canada free trade agreement likely to be concluded by March 2016: Official
Source: PTI The proposed free trade agreement between India and Canada, which aims to reduce or eliminate duties on a large number of products traded between the two nations, is likely to be concluded by March next year. "CEPA with Canada is at a very advanced stage. We expect that by December or latest by March it should take shape," a senior official told PTI. The negotiations for the agreement, which is officially dubbed as Comprehensive Economic Partnership Agreement (CEPA), were launched by both the countries in November, 2010 to further boost bilateral trade and investment. The proposed pact seeks to open services sector and facilitating investment proposals. The ninth round of negotiations towards a Canada-India CEPA were held ...
PM's tour must focus on services exports to China
Himanshu Vatsa | The Dollar Business Indian business community seems to have high expectations ahead of Prime Minister Narendra Modi’s five-day trip to China, South Korea and Mangolia, beginning May 14. According to reports, Indian and Chinese private companies are expected to sign business deals worth US$ 20 billion during the prime minister’s visit. The Federation of Indian Export Organisation (FIEO), an apex body of exporters, has expressed hope that the trip will bridge the trade deficit between India and China. “If exports have come down to less than US$ 12 billion in this financial year from US$ 18-20 billion recorded two years back, that means something is wrong with our exports strategy towards China. And I think there has ...