My ministry will work on developing global supply chain for the agri-sector, Prabhu
The Dollar Business Bureau The Commerce and Industry Ministry will soon bring in a policy framework for facilitating access to global markets for the Indian agriculture produce, Union minister Suresh Prabhu said while addressing an agri summit. Prabhu, who took charge as Commerce and Industry Minister recently, said that his ministry will work on developing global supply chain for the agriculture sector. Addressing the agri summit the minister said that multilaterally there is also need to work on removing trade restrictions with an aim to boost Indias agri exports. "If they (farmers) produce something, they (should) get an access to global market and get better prices for that, and for that we will put in place a good policy framework very soon," Prabhu said. "We have ...
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 ...
India hopes positive talks with US on visa fee hike
The Dollar Business Bureau The Government of India announced on Tuesday that it is looking forward to the consultations with the US at the World Trade Organisation (WTO), being held on May 11 and 12. It is hoping a constructive engagement would take place with the US, with regard to the measures taken by it, on the fee hike in the H-1B and L-1 categories. Implementation of the same could affect the US-based Indian companies and IT professionals. The categories of H-1B and L-1 of non-immigrants, for which there has been a considerable hike in the fee, match with categories of intra-corporate transferees and specialists, which are a part of the commitment by the US under the General Agreement on Trade in Services ...
