Expanded India-Chile PTA to be in effect from May 16
The Dollar Business Bureau A milestone trade agreement between India and Chile which was approved by the Indian Cabinet on September 6, 2016 will be effected from May 16, 2017. The expanded PTA will benefit both the countries in several ways, as a wide variety of concessions has been agreed upon on a number of tariff lines by both the sides. "The expanded PTA has a wider coverage. This would facilitate exporters of both sides to take the advantage of tariff concessions as per the expanded PTA immediately which covers around 96 percent of bilateral trade." A Preferential Trade Agreement (PTA) which was signed on March 8, 2006, came into force in 2007. "The original PTA had a limited number of tariff lines, wherein both ...
Commodity export earnings forecast to dip due to low prices: World Bank
Bidhu Bhushan Palo | @TheDollarBiz Exporters of commodities are likely to face sluggish growth and low returns in the remaining months of 2014 and most of 2015 due to surplus stocks and uneven economic growth in Europe and emerging economies, the World Bank (WB) says in its October 2014 Commodity Markets Outlook. There are multiple factors behind the weakening of commodity prices in Q3 2014, including a growing concern over a slowdown in the Euro Area and emerging economies, a resurgent US dollar, surplus oil production and good prospects for most crops. Prices of a majority of “most primary commodities” (energy, metals, agriculture, precious metals and fertiliser), particularly oil and gold, are expected to remain weak in Q4 2014 and through ...
