Xi reiterates on bilateral cooperation in his phone call to Trump
The Dollar Business Bureau Chinese President Xi Jinping on Monday called US President-elect Donald Trump to emphasise that cooperation was the only way forward to maintain and improve bilateral relations between the world's two largest economies, while Trump said the two leaders had established a "clear sense of mutual respect". There have been immense speculations worldwide in the backdrop of Trump’s election campaign rhetoric, which was largely focused on anti-China sentiments, as he said he would slap 45% tariffs on imported Chinese goods and label the country a currency manipulator on the very first day in his office. He has also reiterated his disagreements on free trade agreements and the US’s mounting expenditure on global climate change; both phenomenons to which China ...
TPP pact likely to hit Indias foreign trade
Deepak Kumar | The Dollar Business As the United States, Canada, Japan and nine Pacific Rim nations join the Trans-Pacific Partnership (TPP), Indian exports bodies have asked the government to expedite free trade agreements (FTAs) with various countries to balance the global trade. Earlier this month, 12 countries agreed to allow preferential trade between them under the Trans-Pacific Partnership framework. Though these countries are yet to ratify the agreement, the new trade bloc can become a challenge for India which aims to increase its goods and services exports to $900 billion by 2020. India already has free trade agreements with some of the TPP members. “To counter TPP, India will need to come up with an effective FTA (free trade agreements) ...
