Search Result for : Free Trade Agreements

The Dollar Business Bureau Theresa May, leader of post-Brexit UK, intends to express support for free trade and the Iran nuclear deal in her upcoming meet with Donald Trump, on 27 January 2017. "You can expect the prime minister to be very clear during her U.S. visit on the benefits of free trade and championing them and wanting to look at what more can be done to increase that," the spokesperson said. "Certainly we have been a strong supporter of the Iran deal, of securing that, and I would expect the prime minister to be clear on that during her visit to the US." Trump has taken a plethora of bold anti free trade measures, and indicated earlier that he was no fan of the Iran nuclear deal either. The British PM's ...

The Dollar Business Bureau In a move that comes less as a surprise and more as an audacious message sent out by Trump's office on his very first day as POTUS, he signed an executive order to begin the process of revoking ObamaCare, a healthcare initiative looked upon as the legacy of ex-President Barrack Obama.  Titled 'Minimizing the economic burden of the Patient Protection and Affordable Care Act pending repeal', the order seeks to minimize the 'unwarranted economic and regulatory burdens of the act' and create a more open and free healthcare market.  ObamaCare, a federal statute enacted by Barrack Obama in 2010, was enforced to transmogrify the healthcare industry in US. The act set out to expand insurance cover, by subsidising health insurance and making acceptance of all insurance applications ...

On Thursday, several industry bodies met Commerce and Industry Minister Nirmala Sitharaman as part of the pre-budget consultation. The Dollar Business Bureau The Minister of State for Commerce & Industry Nirmala Sitharaman during a discussion on different aspects of industrial development with the Apex Industry Associations, in New Delhi on Thursday.   Indian industries have expressed concern over the impact of free trade agreements (FTAs) on the countrys trade and asked the government to find ways to increase investment in manufacturing sector. On Thursday, several industry bodies met Commerce and Industry Minister Nirmala Sitharaman as part of the pre-budget consultation and submitted their representations before the government. Exports, increasing competitiveness of some sectors, FDI and implementation of GST were major topics discussed during the meeting. We ...

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 ...

Deepak Kumar | The Dollar Business India’s cotton textiles industry has asked the government to expedite the free trade agreement (FTA) talks with the European Union, Australia and Canada so as to remove trade barriers and ensure access to greater markets for textile exporters.  “There is a scenario of tariff preference. They are looking at Canada, Australia and other countries we don’t have FTA with. There are other components involved in it. We are pushing for it and we expect these things to be taken up soon,” the Cotton Textiles Export Promotion Council (TEXPROCIL’s) Executive Director Siddhartha Rajagopal told The Dollar Business. In August 2015, cotton textiles exports declined by 7.39% to $863.18 million as compared to $932.02 in August last ...

Source: PIB, Government of India The Law Commission of India on Thursday submitted its Report No. 260 on the “Analysis of the 2015 Draft Model Indian Bilateral Investment Treaty” to the Union Minister of Law and Justice. The report is presented with a view to assist the Government of India in achieving a balanced negotiating text that takes into consideration the protection of Indian investors investing abroad, as well as safeguarding the regulatory powers of the State. India’s bilateral investment treaty (BIT) programme is part of a larger trade and investment agenda of the Indian government to boost investor confidence and increase investment flows into and out of the country. India signed its first BIT with the United Kingdom in ...

Source: PTI Director General of Foreign Trade (DGFT) Pravir Kumar on Friday said that India is passing through a "challenging phase", particularly in exports, but underscored government's commitment on ensuring 'Ease of doing business'. "Right now, we are passing through a challenging phase, particularly in exports. In the past six months, there have been global issues, global turmoil also... so the exports are not doing as well as we would like to," he said. Addressing an Open House organised by Federation of Indian Export Organisations (FIEO) here, Kumar said even "winning sectors" have been facing problems in the past few months. However, the government is prepared to face the situation as "we have the inner strength and depth to absorb," any ...

 The Dollar Business Bureau Countries of Asia-Pacific Economic Cooperation (APEC) share many interests with India and there is a golden opportunity for the forum and New Delhi to benefit from deeper cooperation, a foreign ministry official said. “There is a golden opportunity for India and economic forums such as Asia-Pacific Economic Cooperation to benefit from deeper engagement. There is today a significant and identifiable convergence of interest and aspirations between India and APEC member economies,” said Anil Wadhwa, Secretary (East), Ministry of External Affairs. Wadhwa released a report ‘APEC and India: An Appraisal’ prepared by VS Seshadri, Vice-chairman, Research and Information System for Developing Countries (RIS) at a function organized by FICCI, RIS and ASEAN-India Centre on Friday. Wadhwa ...