Switzerlands President Leuthard begins her India visit today
The Dollar Business Bureau Switzerland’s President Doris Leuthard has started her three-day visit to India from Thursday, which is aimed at strengthening bilateral relations and to discuss regional and global issues of mutual interest. The visit of Swiss President to India assumes high significance as India is looking for its entry into the Nuclear Suppliers Group (NSG), the 48-nation nuclear club, of which Switzerland is currently the chair. Leuthard is accompanied by a huge business delegation and will hold discussions with Indian President Ram Nath Kovind, Vice-President M Venkaiah Naidu, Prime Minister Narendra Modi and External Affairs Minister Sushma Swaraj. “Both countries share common views on many major global issues. The visit will provide an opportunity to both sides for holding wide-ranging discussions on bilateral, global and regional issues of mutual interest," according ...
Commerce Ministry to discuss issues related to WTO agenda
The Dollar Business Bureau Senior officials of the Ministry of Commerce will discuss and deliberate upon several major issues with regards to World Trade Organisation (WTO) in New Delhi this week. Indian officials posted at the WTO headquarter in Geneva (Switzerland), including JS Deepak - Permanent Representative of India to WTO, will take part in the deliberations, according to an official. The key issues that would be discussed include the matters related to the upcoming WTO ministerial conference in December in Argentina, subsidies on fisheries and permanent resolution on government’s stock-holding of foodgrains for the purpose of food security. The WTO ministerial conference is the topmost body for decision making. The issue pertaining to food security concerns various developing countries which offer foodgrain at subsidised ...
US puts 6 nations on monitoring list for currency practices
PTI The Trump administration has placed six of its major trading partners including China and Japan on a "monitoring list" to keep a close watch on their currency practices. It has placed China, Germany, Japan, Korea, Switzerland and Taiwan in the monitoring list in its six-monthly report to the Congress. "Treasury finds that six major trading partners warrant being placed on the monitoring list for special attention: China, Germany, Japan, Korea, Switzerland and Taiwan," the report said. The US Department of Treasury yesterday concluded that no major trading partner of the US met the Congressional standards for currency manipulation in the second half of 2016. Additionally, US Department of the Treasury established a "monitoring list" of major ...
Paint chemical shipments from China, Swiss to face anti-dumping duty from GoI
The Dollar Business Bureau In a move to protect domestic industry from cheaper shipments, Government of India is likely to impose anti-dumping duty on chemical imports from China and Switzerland. Under the supposed move, Indian government is likely to impose duty of up to $7.58 per kg on shipments of a chemical used mainly in paint industry from the said countries. Government’s decision was based on recommendations of the Directorate General of Anti-dumping and Allied Duties (DGAD) which carried anti-dumping duty investigation on the imports of ‘Diketopyrrolo Pyrrole Pigment Red 254’ originating in or exported from China and Switzerland. According to the DGAD final findings, the pigment that has been exported to India from the two countries was found to be below the ...
Indian firms ride high on trade in foreign tech collaboration
Sai Nikesh | The Dollar Business The manufacturing sector holds a dominant share of exports and imports by the Indian companies reporting Foreign Technical Collaboration (FTC) agreements, during 2012-14 period. This was the outcome of the Reserve Bank of India’s survey report on ‘Foreign Collaboration in Indian Industry: 2012–2014,’ released on Tuesday, in which 303 Indian companies reported 528 FTC agreements of the total 826 companies that responded. In its tenth round of survey covering the years 2012-13 and 2013-14, the RBI further said, “Under industry-wise distribution of FTC agreements, the share of manufacturing sector increased substantially during 2012-14, while the services decreased.” The construction sector and agriculture-related activities witnessed a rise in their share in FTC agreements in 2012-14, compared ...
