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The Dollar Business Bureau  External Affairs Minister Sushma Swaraj said on Tuesday that there is a need to enhance trade, investment and commerce with the extreme eastern parts of Russia or Russian Far East in order to achieve the $30 billion target, set for bilateral trade between the two countries, by 2025.  “The Russian Far East is one of the richest regions in the world and India is among the fastest growing large economies of the world. There is lot that can be done together. When other markets are closing, we need to find new ones and create virtuous cycles of investment. Investment is in the ultimate analysis an act of faith,” Sushma said, while speaking at the India-Russia Business Dialogue at the Eastern Economic Forum ...

Pull factor expected to trigger a race to simplicity among governments in trade facilitation Bidhu Bhushan Palo | @TheDollarBiz Despite progerss in the last two decades, India stands at 134 and 179 in World Bank's Ease of Doing Business and Starting a Business 2014 rankings respectively out of the total 189 countries monitored.   Simplicity is the most difficult thing to secure in this world; it is the last limit of experience and the last effort of genius. This quote by author George Sand (Amantine-Lucile-Aurore Dupin) dates back to the 19th century, but perhaps no one understands this better than the World Trade Organisation (WTO). After the Bali conference in 2013, WTO claimed that the Trade Facilitation Agreement (TFA) agreed in the Bali Package ...