Search Result for : Free Trade Agreement

Sairaj Iyer The customs, as a government agency is a facilitator for free trade. Better facilitation translates into better ease of doing business rank. Ease of doing business is a familiar mantra in India. The government's ebullient enthusiasm since 2014 has brought in new expectations that the new ways of doing business with ease would see a sea-change. Since then though there has been a slew of initiatives, India's ranking in the global ease of doing business has barely increased by a rank. “A World bank study on ease of doing business finds hindrances in the port ecosystem, and the awareness on port facilities meagre,” explained Dr John Joseph, Chief Commissioner of Customs, Jawaharlal Nehru Port Trust (JNPT). Dr Joseph was speaking at ...

The Dollar Business Bureau Special Economic Zones (SEZs) will be allotted to India and China for establishing industries in Sri Lanka, Malik Samarawickrama, Sri Lankan Minister of International Trade and Strategic Development said on Tuesday. “Indians will be setting up pharmaceutical and auto parts industries in their zone. The Chinese have asked for 55 sq km (15,000 acres) of land in the Hambantota area in the Southern Province for their zone, and we are in the process of acquiring the land. When developed, this area will generate one million jobs,” Samarawickrama told journalists in Colombo. The location for the SEZ to be allotted to India is still to be finalised. A delegation from India will be visiting the country next week to start discussions on ...

The Australian governments target is to encourage innovationsin few areas including feed for aquaculture, new ocean products and sustainable designs The Dollar Business Bureau The Australian governments target is to encourage innovations in feed for aquaculture, new ocean products and sustainable designs   Australia has expressed hope of securing a Free Trade Agreementwith India. For a long time now, the fate of the proposed FTA has been in the back burner owing to technical issues. But this time, its expected that both sideswould work out their differencesfor the mutual benefit of increased trade between the two countries. As of now, the trade between India and Australia stood at $18 billion as both nations are characterised by a strong enterprises sector. The proposed agreement is ...

Trade Facilitation Agreement (TFA), which was concluded by the WTO in Bali in 2013, aims at easing customs procedures to boost global commerce. Sources: PTI Teaotia also said that WTO members should move forward on liberalising the services sector as the segment assumes key importance for developing countries like India.India has completed most of the consultation process related with the WTOs trade facilitation agreement and the government is expected to ratify it at the earliest. Trade Facilitation Agreement (TFA), which was concluded by the WTO in Bali in 2013, aims at easing customs procedures to boost global commerce. Commerce Secretary Rita Teaotia said the agreement is important for boosting trade, simplifying customs rules and reducing the cost of trading. We are fully committed to ...

Agreements ranging from sectors like nuclear energy, oil, IT, aerospace and railways will facilitate billions of dollars of investment by UAE in India Source: PTI A major focus of the three-day visit by the influential UAE leader, which comes around six months after Prime Minister Narendra Modi’s trip to UAE, will be on stepping up economic ties.   At least 16 pacts in a wide range of sectors like nuclear energy, oil, IT, aerospace and railways, facilitating billions of dollars of investment by UAE in India, are likely to be inked during Crown Prince of Abu Dhabi Sheikh Mohamed bin Zayad Al Nahayan's visit to New Delhi beginning Wednesday. Ways to contain radicalism, stepping up counter-terrorism cooperation and dealing with the ...

Source: PTI  India and the European Union will hold their long-pending summit in the first half of next year and resume negotiations on a free trade agreement, in efforts to bring back the relationship back on track. Newly-appointed ambassador of European Union Tomasz Kozlowski said the issue of European Union restricting sale of around 700 generic drugs clinically tested by India's GVK Biosciences does not stand anymore and both are now set to open a “new page” in their ties. FTA talks between the two sides will be held in January. “The summit meeting will be held in first half of 2016. We are now working on mutually convenient dates for the summit,” he told reporters while describing India an engine ...

Source: PTI    Review of the existing free trade pact and quick implementation of the social security agreement were among the key suggestions made by Indian businesses to boost economic ties between India and Japan. These recommendations were made by Indian side during the India Japan Business Leaders Forum meeting in New Delhi on Saturday. The Indian side, co-chaired by Bharat Forge Chairman and Managing Director Baba Kalyani, also pitched for fostering linkages between large Japanese companies and SMEs in India and enhanced collaborations in the human resource space to promote the development of soft infrastructure. The Forum later was addressed by Japanese Prime Minister Shinzo Abe and his Indian counterpart Narendra Modi. Modi said that the Indian government would actively ...

 Source: PTI Prime Minister Narendra Modi and the Prime Minister of Australia, Malcolm Turnbull in their first bilateral meeting on the sidelines of G20 Summit 2015, in Turkey on Sunday   The Indo-Australia free trade agreement is on track to be sealed by the end of the year but “issues” in India could impact plans for realising the deal, Trade Minister Andrew Robb has said. The minister's latest remark came at a time when Prime Minister Narendra Modi is set to meet his Australian counterpart Malcolm Turnbull and discuss the trade pact on the sidelines of the G20 summit in Turkey on Monday. The trade pact is likely to dominate talks between both the leaders who on Sunday night announced the completion of all the ...