India pursues expansion of PTAs with LAC
The Dollar Business Bureau India and the Latin American countries (LAC), including Brazil and Peru, are increasing their engagement and discussing ways like signing free trade agreement (FTA) to further enhance trade and investments. India has signed a pact with Chile in September this year on the expansion of preferential trade agreement (PTA). “The expanded PTA will have far greater trade coverage in comparison to the agreement signed earlier in March as both sides have offered tariff concessions on a number of lines, the Ministry of Commerce said in a statement. In order to explore the possibility of a free trade agreement with Peru, India has just finished a joint study group report and both the countries have agreed to a timeline to carry it forward. “With ...
Top Indian exporting companies to experience larger platforms for their products
The Dollar Business Bureau Rise in the engineering exports to Latin America has paved its way to an international scenario. Top 80 Indian exporting companies have planned to showcase their hi-tech product designs at an international convention INDEE at Peru starting from August 5, 2015. The two-day Exhibition organised by EEPC will witness the participation of both small and medium companies from India, which are eyeing the Latin American market for reaching out to the new export destination leaving behind the weak global demand. During April- May 2015, the total engineering export dropped to 5.8%, however, the shipment to Latin American markets have increased by 10% to $550 million from $459 million in the corresponding month. INDEE- Peru is a part of ...
India for FTAs with Russia, Peru for enhancing trade
The Dollar Business Bureau India will soon sign a Free Trade Agreement (FTA) with Russia and Peru as a process of enhancing trade partnerships with these nations. The Commerce Secretary Rajeev Kher made these statements on Thursday, speaking at an International Engineering and Technology Fair (IETF)-2015 organised by the Confederation of Indian Industry. The Commerce Secretary said that a joint working group has been setup to analyse India’s trade feasibilities with Russia, Peru and further negotiations for trade pact will start after the group submits its report, which is expected to happen in the next three to six months. The Government of India is also mulling to enhance its economic cooperation with other nations including Africa, South Asia, West ...
