Malaysia-Indonesia keen to boost trade ties, investments
The Dollar Business Bureau Malaysia’s Minister of International Trade and Industry Datuk Seri Mustapa Mohamed said that in the last decade, Malaysian firms have created a strong presence in Indonesia in major sectors such as banking, construction, plantation, energy, toll-road and telecommunications. He said while referring to a roundtable business meeting, co-chaired by himself and Eko Putro Sandjojo, a Minister in the government in charge of facilitating Malaysian investments in Indonesia, where Malaysian firms expressed their keenness to continue to play a major role in the socio-economic growth of Indonesia. The roundtable meeting was the first joint discussion between the two countries with maximum number of high-profile government and business delegates. “The huge participation from Malaysian companies at the event indicated their keen interest to keep doing ...
Trump and Theresa agree to increase trade between the two countries
The Dollar Business Bureau UK and US leaders met on the sidelines of the G7 meet and reaffirmed to complete a bilateral trade agreement after UK's exit from the European Union. The two leaders met at Sicily and decided to forge their trade relationship. A spokesperson told the media that the two leaders agreed on the importance of free trade while ensuring that the citizens of both the countries are not left behind due to globalization. "The president and the prime minister reaffirmed their commitment to increasing trade between the UK and the U.S., including a post-Brexit trade deal," the spokesman said. Theresa May was the first leader of a State to visit the White House after Donald Trump became the President. It was ...
India-UAE to further intensify ties; to increase trade by 60%
PTI Terming their ties as "time- tested", India and the UAE resolved to further intensify wide- ranging bilateral engagements including in strategic areas of security, defence, energy and decided to come up with an action plan by June to increase bilateral trade by 60% over the next five years. Prime Minister Narendra Modi and Crown Prince of Abu Dhabi Sheikh Mohammed Bin Zayed Al Nahyan, who held comprehensive talks on Wednesday, also expressed satisfaction over the ties having been matured into a robust relationship across a broad spectrum of political, economic, trade and investment, energy, defence and security spheres. An India-UAE joint statement, issued on Thursday, said the two leaders reiterated that the ongoing close cooperation on a range of security ...
Paks non-tariff barrier hinders trade with India
The Dollar business bureau India on Friday said the non-tariff barrier (NTB) imposed by Pakistan has been disturbing bilateral trade between the two neighbouring nations, and it should focus on taking regional connectivity initiatives in order to stimulate economic growth in South Asia. An External Affairs Ministry (EAM) Spokesperson Vikas Swarup said, “As far as we are concerned there are high non-tariff barriers (NTB) in the region, not on Pakistan but from it and Pakistan has restricted most of the importable items from India through the Wagah border.” Pakistan allows only 138 items through Wagah and this is the biggest non-tariff barrier for thousands of Indian tariff lines which have to be now routed through Karachi, raising costs even for consumers in ...
