Barriers that impede India-ASEAN trade must be removed: Sitharaman
The Dollar Business Bureau Commerce and Industry Minister Nirmala Sitharaman said on Thursday that if India and ASEAN (Association of South East Asian Nations) countries were to recognize their full potential for business then they need to fast-track the ‘corridors of connectivity’ to ‘corridors of trade’. “Barriers that impede trade must be removed besides enhanced utilization of the Free Trade Agreement (FTA),” she said while speaking at the ASEAN-India Expo and Forum, being held in Bangkok from August 2-5. Sitharaman said that for trade promotion, the introduction of non-tariff measures such as facilitating customs and operation procedures have to go a long way to ensure smooth movement of goods and services between the partner nations. The Minister termed Act East policy of India as “the pillar of its foreign policy”, ...
Expo Indonesia to improve ties with India
Sairaj Iyer The news of an embassy organizing an expo is usually a good time for diplomatic issues to be ironed out between the host and the guest country. The Consul General of Indonesia, Saut Siringoringo was excited that this expo would help facilitate better awareness and foster a sense of collaboration between South Asia’s two heavily populated countries. The India-Indonesia story could have been a strategic advantage but has failed to sizzle for various reasons. Indonesia, the third most populous countries in recent times has observed slowdown, inflation, and foreign outflow largely triggered due to Chinese slowdown. The impact has led to the currency crashing from nearly 7500 rupiahs in 2012 to nearly 15,000 during early 2016 for every dollar. The ...
Assams fair to expand North-East trade borders
The Dollar Business Bureau The Government of Assam is fully focused at promoting business and entrepreneurship, in its upcoming first-ever Industrial Trade Fair, to be held in Jorhat from February 19–25, 2015. The event being conducted jointly by the Department of Industries & Commerce, Government of Assam, in association with the Federation of Industry & Commerce of North Eastern Region (FINER) is aimed at providing a comprehensive buyer-seller platform to promote international trade and enterprise building, with both the domestic and global markets. The major areas of focus at the event are divided into two categories-Open Cluster and Focus Sector. Under the Open Cluster category, the focus will be laid on the Materials and Construction Technology, Automobiles, Oil, Gas ...
