Search Result for : Trade Agreement

The Dollar Business Bureau The Cabinet on Wednesday approved the trade agreement between India and Ethiopia for boosting and promoting trade and economic cooperation between the two countries. “The Union Cabinet, chaired by the Prime Minister Narendra Modi, has given its ex-post facto approval for the trade Agreement between India and Ethiopia for strengthening and promoting trade and economic co-operation,” said an official statement. The trade Agreement between the two countries was signed on October 5, 2017 during the visit of President Ram Nath Kovind to Ethiopia. The new trade agreement will replace the present trade agreement, which was signed between India and Ethiopia in 1982. The new Agreement will provide for all the necessary steps to promote trade, investment economic and technical cooperation ...

The Dollar Business Bureau  The Indian government is planning to bring out a set of procedures to begin investigating the imposition of safeguard duty against imports from South Korea. India and South Korea have signed a Comprehensive Economic Partnership Agreement (CEPA) on January 2010 and a subsequent review in the agreement in 2016, brought forth the reduction/elimination of duties on various products.  The move by the government comes in the wake of a surge of gold imports from South Korea which is worrying the domestic producers. The Indian Revenue department has notified the India-Korea Comprehensive Economic Partnership Agreement (Bilateral Safeguard Measures) Rules, 2017, for laying out the procedures for such safeguard investigations. This is necessary as India needs to have separate rules ...

The Dollar Business Bureau The government has allowed the supply of over 23 crores of eggs and 122.23 MT of pulses to Maldives for 2017-18 without any restrictions or prohibition for export, under bilateral trade agreement between Government of India and Government of Maldives during the period 2017-18 w.e.f. April, 2017. A notification No.20/2015-2020 to the effect has been issued by the DGFT on August 14, 2017, mentioning that this decision is effective from April, 2017. It should be recollected that earlier in June the Indian government had agreed to allow the export of 11714.45 MT of potato, 19466.36 MT of onion, 67640.24 MT of rice, 59442.17 MT of wheat flour and 11706.30 MT of sugar for FY of 2017-18 to Maldives. These ...

The Dollar Business Bureau The Minister for Shipping and Road Transport & Highways Nitin Gadkari, was on a two day visit to Tehran, representing the Indian Government at the inauguration and oath taking ceremony of Hassan Rouhani as the President of Iran for a second term, on 5th August, 2017.  In an interaction with Rouhani, Gadkari held wide ranging discussions on many issues including India’s cooperation in the development of Chabahar Port and proposed rail link between Chabahar & Zahedan. In the meetings, both sides positively assessed the progress in implementation of the decisions taken during the Indian Prime Minister’s visit to Iran last year, including the progress of Chabahar Port. Both sides reiterated their commitment to complete and operationalize the ...

The Dollar Business Bureau A new trade agreement between India and Bhutan has come into force from July 29. This was signed between the two countries on November 12, 2016. The move will further strengthen the bilateral trade ties between India and Bhutan an official communique read. ‘The agreement provides for a free trade regime between the countries and it also gives duty free transit of Bhutanese goods for trade with third countries,’ the Indian commerce ministry said in a statement. The bilateral trade relations are governed by this agreement. Renewal of this agreement was done on July 29, 2006 for ten years with its validity gaining an extension of a year on July 29, 2016, or till the new agreement comes into force. Bilateral ...

The Dollar Business Bureau Indian Prime Minister Narendra Modi and Turkish President Recep Tayyip Erdogan have recently held conversations and reviewed security and trade agreements with a view to improve trade between the two countries. The President’s first foreign visit, after the recent 16th April referendum was a closely observed spectacle as the two countries have observed an increase in bilateral trade and there was hope that this number could only be increased in recent times. Both leaders vowed to work together and to strengthen cooperation bilaterally and multi-laterally at a press conference organized during Erdogan’s first day in the capital. The discussion revolved around regional and international issues of mutual concern such as tackling counter-terrorism, regional security scenario and more importantly India's ...

PTI President Donald Trump was set to sign an executive order issuing directions to review all international trade agreements inked by the US, including the WTO, in a bid to address trade "violations and abuses". The order will not just outline the problem, but will also provide alternative solutions to them. "As far as I can tell there has never been a systematic evaluation of what has been the impact of the World Trade Organisation (WTO) agreements on the country as an integrated whole. So it's trying to find violations and abuses," US Commerce Secretary Wilbur Ross told reporters at a White House news conference. "It calls for a report within 180 days. It calls for not just outlining the problem ...

The Dollar Business Bureau  The government on Thursday approved the new agreement between India and Bhutan on Trade, Commerce and Transit, as stated in the official release, “the Union Cabinet, chaired by the Prime Minister Narendra Modi, has approved an Agreement on Trade, Commerce and Transit between India and Bhutan.” The bilateral trade ties between the governments of India and Bhutan are governed by this agreement, which provides for a free trade regime between the two countries. This agreement also provides for a duty-free transportation of Bhutanese goods for trade with other countries. The agreement on Trade, Commerce and Transit with Bhutan was renewed on July 29, 2006 for a period of 10 years. The validity of the agreement was further extended for a period of one ...