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 ...
CIM underlined the importance of Services to gather the full potential of RCEP
The Dollar Business Bureau Upon her return to India, Commerce Minister Nirmala Sitharaman gave a press briefing on the discussions, deliberations and developments that happened at Hanoi during the proposed Regional Comprehensive Economic Partnership meet. On day 2, 22nd May, she said the ministers took stock of the state of negotiations across various negotiating groups and sub-working groups, particularly in the area of goods, services and investment. She pointed out that while considerable progress was made several areas still needed some finality. Referring to the protectionist measures adopted by some countries she said that the negotiations for the services sector were either slowed down or stalled. Though the Indian side put up a valiant fight to protect its industry in goods, discussions on the ...
Reliance Group to expand business cooperation with Qatar
Source: PTI Anil Ambani-led Reliance Group has expressed a keen interest in playing a larger role in the growing economic ties between India and Qatar by expanding business cooperation with the Gulf country. Ambani called on Qatar's Prime Minister Sheikh Abdullah bin Nasser bin Khalifa Al Thani among other senior Qatari ministers during a visit to the oil-rich country on Sunday. Ambani highlighted the operations of Reliance Group in diverse sectors and discussed possible areas of interest for expanding business cooperation with Qatar to the mutual benefit of both sides. Accompanied by a team of senior executives, he discussed bilateral trade ties with Qatari dignitaries, underlining the group's keen interest in playing a larger role in the growing economic partnership between ...
India, China sign 24 agreements worth US$ 10 billion
The Dollar Business Bureau Setting “high level of ambition” for economic partnership, India and China on Friday signed 24 agreements worth US$ 10 billion. The agreements related to cooperation in railways, maritime development and other sectors were signed after a meeting between Prime Minister Narendra Modi and his Chinese counterpart Li Keqiang. Setting up a joint think-tank forum is also one of the key agreements signed between the two countries. Both the countries have agreed to remove impediments to bilateral trade and investment, facilitate greater market access to each other’s economies, and support local governments to strengthen trade and investment exchanges, a joint statement released by the two governments said. “We have set a high level of ambition for ...