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The Dollar Business Bureau Commerce Ministry said on Monday that the recent round of discussions in Hyderabad for the Regional Comprehensive Economic Partnership (RCEP) would provide a push to the negotiations. Around 700 officials representing 16 nations including Australia and China, gathered in the city during July 17-28 to negotiate the mega trade deal RCEP. It is vital that the RCEP provides a forward looking and positive alternative with regards to rising protectionism across the world, Commerce Secretary Rita Teaotia said in a statement. “India is constructively engaged in RCEP and hopes that the 19th RCEP Round in Hyderabad would find innovative ways to provide impetus to the negotiations,” Teaotia said. The Commerce Secretary further said that the real success of RCEP will be assessed ...

The Dollar Business Bureau The Ministry of Commerce had discussions with the officials of the World Bank in Washington, conveying its concerns over the methodology used by the Bank in ranking countries in terms of ease of doing business. The index rates the top economies among 189 countries. The commerce ministry was joined by officials from the Department of Industrial Policy and Promotion (DIPP) in its discussions. DIPP secretary Ramesh Abhishek shared in a tweet that the detailed interaction with the team in Washington DC resulted in creating better awareness about reforms in India. "The Bank team also sensitized on various concerns on methodological and other issues. All departments/agencies made excellent presentations," Abhishek quipped in his tweet. The annual ratings exercise has been a ...

The Dollar Business Bureau The Prime Minister of New Zealand and leader of the National party John Key has put in his papers in an unexpected move citing family reasons for his departure. He said he is leaving on his own terms and wants some new talent to fill up the space vacated by him. "One of the things that I have always believed in is making room for new talent, and let's be blunt, I have taken the knife to some other people and now I am taking the knife to myself to allow others to come through and have those opportunities, and that is a healthy thing," he said. Key is hopeful of a National Party member making it as a Prime Minister after ...

The Dollar Business Bureau India’s President Pranab Mukherjee discussed trade areas with Papua New Guinea and New Zealand, where India could cooperate to boost trilateral trade and investments. President said that the visit to the two countries reflects the significance that India puts on strengthening its ties with the Asia-Pacific region which is an extension of its immediate neighbourhood. Pranab Mukherjee was on a five-day visit to Papua New Guinea and New Zealand from April 28 to May 2, 2016. Several senior officials from India also joined the President for the meeting. “India’s is willing to contribute in the capacity building initiatives in Papua New Guinea in health, agriculture, IT and infrastructure development, President said. President said that India would be pleased to share its expertise ...

The Dollar Business Bureau President Pranab Mukherjee will fly to Papua New Guinea and New Zealand in the coming week, where scores of agreements are expected to be inked during his first visit. The tour will start in Papua New Guinea, on April 28, and deals in aspects of education, connectivity, health, agriculture, economic and dairy farming are likely to be signed. The official spokesperson of Ministry of External Affairs Vikas Swarup revealed that Minister of Food Processing Industries Harsimrat Kaur Badal and a delegation of MoP will accompany the President. Papua New Guinea, the largest island country in the Pacific, is rich in natural resources. Peter O'Neill, the Prime Minister of Papua New Guinea, visited India in 2015 to attend a summit. AS ...

Deepak Kumar | The Dollar Business As India and 10 ASEAN members are gearing up for another round of negotiation on the Regional Comprehensive Economic Partnership (RCEP), an export body has expressed hope that the move will give domestic products a greater market access. In the meeting scheduled to be held in Busan, South Korea next month, the members of the proposed trade bloc are expected to come up with their detailed offers and list of items for duty-free trade. “We welcome the government’s move. The initiative, once implemented, will help India’s export sector considerably. Export will become cheaper, and it will give Indian products a better market access as well as a competitive platform in China and other partner countries,” ...

The Dollar Business Bureau Indian’s have been relocating on a larger scale to the place known to keep you under the spells of beauty. The migration from India to New Zealand has seen a robust high. India and its neighbour China, have largely contributed to the net gains of 12,100 and 7,700 migrants over the year till May. The economic boom in New Zealand has succeeded in coaxing people into the country, thus booming the economy more. The latest statistics of New Zealand shows a record of 57,800 permanent and long term migrants during the year. And, it is also noted that the figures continue to see a raise over the last 10 months. And only in the month of May, ...

The Dollar Business Bureau New Zealand based Martin Aircraft company, has formed an alliance with a Delhi-based company to construct a regional sales office in India. The company expects India and China to improve their commercial opportunities and has signed an alliance agreement with the Delhi based M2K group so that they could establish a regional sales in the commercial Indian market. Martin Aircraft CEO Peter Coker said, “Martin Jetpack is the world’s first practical jetpack, with potential search and rescue, military, recreational and commercial applications, both manned and unmanned. It consists of a purpose-built gasoline engine driving twin ducted fans which produce sufficient thrust to lift the aircraft and a pilot in vertical takeoff and landing, enabling sustained flight,” reported a ...