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India, China Set up Hotline
(February 06, 2007)
When Chinese Foreign Minister
Li Zhaoxing visits India next
week, India and China have
decided to set up a hotline
between their foreign
ministers as part of a roadmap
to implement the 10-point
action plan to boost strategic
cooperation.<More>
Indo-Australia Trade Prospects
(January 30 , 2007)
In an interview with
Deccan Herald,
Australian Trade
Commissioner for South
Asia Michael Moignard
advocated increased
trade and value addition
from Australia to boost
bilateral trade levels
from USD 8.6 billion.<More>
“Red Tapism” Slowing Indo-UK
Trade
(January 25, 2007)
Chairman of the Indo-British
Partnership Network (IBPN)
Lord Karan Bilimoria said in
an interview with the Times of
India that although “reduced
to a great extent,” the
biggest bottleneck to further
bilateral trade is “Red tapism.”<More>
Pak Hurdles on SAFTA
(January 25, 2007)
Hailing Afghanistan’s entry
into the South Asian
Association for Regional
Cooperation (SAARC), an Indian
official complained about
Pakistan’s refusal to
implement South Asian Free
Trade Agreement (SAFTA) which
impeded regional trade.<More>
Over 200m Jobs by 2020: Brown
(January 22, 2007)
British Prime Minister in
waiting and Chancellor of the
Exchequer Gordon Brown said
that India is set to create
25% of extra jobs or an
estimated 200 million jobs by
2020 which will be more than
the numbers created in the US,
Europe, and China put
together.<More>
Need to Resuscitate Doha Round
(January 20, 2007)
“Confident that India will
make a constructive
contribution to the last
laps,” World Trade
Organization (WTO) Chief
Pascal Lamy warned that the
“window of opportunity” will
“close sometime this year.”<More>
Indo-Russia Trade Needs
Addressing
(January 18, 2007)
Ahead of Russian President
Vladimir Putin’s visit later
in January, Indian industry
leaders want a permanent
vehicle to discuss and manage
non-tariff barriers and
developing reliable trade
routes is created.<More>
China Tries to Curb Export
Growth
(January 18, 2007)
Aiming to better strained
relationship with the US and
the EU over out-of-control
trade surplus, Beijing is
trying to adopt new polices to
cut its export growth to avoid
a potentially disastrous
“political” problem.<More>
2006 Exports Topped
Expectations
(January 11, 2007)
Indian exports achieved
a key milestone when it
crossed the
psychological barrier of
USD 100 billion in 2006
with a growth rate of
24% and over 13% of
total gross domestic
product (GDP) valued at
USD 800 billion compared
to 6% in 1990-91.<More>
Manmohan’s Japan Visit
(December 18, 2006)
Prime Minister Manmohan Singh visited Japan
where he invited greater investment from
Japan under a Comprehensive Economic
Partnership Agreement (CEPA) and also
requested Tokyo’s support for the Indo-US
civilian nuclear deal in the Nuclear
Suppliers Group (NSG).<More>
Global Trust Deficit on
China FDI
(December 14, 2006)
As China’s major allies in
India, the Communist Party (M)
of India (CPM) seem to have
given up their campaign to
gain economic access for
Beijing, there is increasing
evidence that India has many
economic reasons not trust
China yet.<More>
Impact of China-Pak FTA
(December 07, 2006)
A closer look at the China-Pakistan
Free Trade Agreement (CPFTA) to
targeted at specific products for
trade and opening avenues to
liberalize services shows that this
deal may not affect Indian
businesses or trade with China or
Pakistan.<More>
India, EU Talk FTA
(December 06, 2006)
India and the European Union
(EU) have signed a “Joint
Feasibility Study” to pave way
for a regional and bilateral
free trade agreement even as
officials acknowledge that a
multilateral trade agreement
is preferable.<More>
GSP Retaliation for WTO
Negotiations
(November 30, 2006)
Even though there has been an
overwhelming support for the
Indo-US civilian nuclear deal
among US policy makers, India
is nervous about how they will
deal with the Generalized
System of Preference (GSP)
mechanism set to expire next
month.<More>
Global Trade Progress to
Continue
(November 20, 2006)
Despite losses in elections,
President George Bush
reassured Asian allies that
his nation is still committed
to global trade liberalization
and promised to “remain
engaged in Asia because our
interests depend on the
expansion of freedom and
opportunity in this region."<More>
Indo-Sino Investment Treaty
(November 17, 2006)
The Indian Cabinet has approved
Prime Minister Manmohan Singh to
sign an investment promotion and
protection agreement with China
during its President Hu Jintao’s
visits India later this month and is
expected to widen Chinese investment
prospects.<More>
Malaysia Invites Indian
Investment
(November 10, 2006)
Malaysia inaugurated a
representative office of the
Multimedia Development
Corporation (MDeC) in
Bangalore and invited further
Indian investments to the 15
kilometer (km) wide and 50 km
long special corridor
dedicated to multimedia.<More>
Hu’s Visit Aimed at Building Trust
(November 09, 2006)
Ahead of Chinese President Hu Jintao's visit to India
from November 20-23, both nations are building up the
tempo through orchestrated sound-bites focusing on the
positives and not referring to the disagreements
plaguing bilateral relations.<More>
India Asks Pak to Stop Stalling SAFTA
(November 09, 2006)
Setting the tone for upcoming Foreign Secretary level
talks, External Affairs Minister Pranab Mukherjee asked
Pakistan to remove “obstructions” and allow “free flow
of trade” and go beyond the expanded trade basket.<More>
Indo-Sri Lanka Trade Looking at USD
3B
(October 05, 2006)
From a mere USD 650 million in 2000,
the Indo-Sri Lanka Free Trade
Agreement (FTA) is set to take
bilateral trade to USD 3 billion
next calendar year despite unethical
business practices not-conducive to
business by the Sri Lankan
Government (SLG).<More>
IBSA Sets Goals
(September 19, 2006)
With the end of the India-Brazil-South
Africa (IBSA) first summit in Brazil , the
world’s largest democracies in developing
countries set common goals in the world’s
political, economic, and social forums and
promised better calibration of policy
making..<More>
Indo-US Trade Set to Exceed 2005
Level
(September 14, 2006)
Indo-US bilateral trade during
January-May 2006 has grown
substantially with 23.3% increase in
imports and 19% increase in exports
totaling USD 12 billion and set to
pass last year’s level of USD 26.8
billion (previous year’s level was
USD 21.6 billion).<More>
Increase in Import of
“Sensitive” Items
(September 12, 2006)
Ministry of Commerce and Trade
says that the total import of
“sensitive” items during
April-May 2006 has been
Rs.2792 crores (USD 606
million) compared to Rs.2524
crore (USD 548 million) last
year or an increase of 10.6%.<More>
IBSA Trade Rises Dramatically
(September 12, 2006)
Calling the India-Brazil-South
Africa (IBSA) grouping an “emerging
trinity in the new geography of
international trade,” United Nations
Conference on Trade and Development
(UNCTAD) values the intra and inter
regional trade close to USD 10
billion for 2007.<More>
Chinese Counterfeit Indian
Brands
(May 12, 2006)
Chinese counterfeit
manufacturers have managed to
duplicate several well-known
Indian brands to close
perfection and selling them
all over the world including
India.<More>/p>
Nathu-La Not as Spectacular As Expected
(August 30, 2006)
With the hype over the reopened Nathu-La Pass dying
down, India and China now understand that the modern
trade potential on ancient silk route now replaced by a
56 kilometer stretch connecting the two nations is not
spectacular as expected.<More>
India, EU Exploring CECA
(August 30, 2006)
India and the EU have set up
a high level group to study
possibilities of a
Comprehensive Economic
Cooperation Agreement (CECA)
that would cover trade in
goods, services, and
investments and submit a
proposal during the Helsinki
summit in October.<More>
First Indo-Russian Joint Study Group on
Trade
(August 28, 2006)
Indian and Russian trade experts are meeting
this week to explore and discuss options
that will remove bilateral trade blocks to
achieve a USD 10 billion trade and lead to a
Comprehensive Economic Cooperation Agreement
(CECA).<More>
ASEAN Unified Market by 2015
(August 28, 2006)
To stave off competition
from India and China,
Economic Ministers of the
Association of South East
Asian Nations (ASEAN)
adopted urgent measures and
advanced deadlines to
develop a unified and
integrated market by 2015<More>
India May Face US Ire on WTO
Failure
(August 10, 2006)
In response to the collapse
of World Trade Organization
(WTO), US Trade
Representative Susan Schwab
hinted that her country may
end a 32-year old program of
trade benefits for 13
nations, including India, as
retribution for hard-nosed
negotiations.<More>
India-Sino Trade Slows Down
(August 08, 2006)
Despite hype by the two
Governments, Indo-Sino trade
seems to have slowed down to
a mere 28% in the 1st half
of this year which is only
1/3rd of growth rates seen
the last 2 years.<More>
SAARC Concluded Amid
Indo-Pak Trade Dispute
(August 07, 2006)
India complained bitterly to
the commerce ministers
governing the South Asian
Free Trade Agreement (SAFTA)
that Islamabad has failed to
implement key provisions of
the agreement into force and
not granting tariff
reductions to its exports.<More>
EEPC Estimates Engineering
Exports at USD 23B
(August 03, 2006)
The Engineering Export
Promotion Council (EEPC) set
an export target of $23
billion for this fiscal year
up from $19.18 billion and
said that the amount could
even go up by another USD 1
billion from miscellaneous
items.<More>
India Corporate Says No to Quota
(July 31, 2006)
Senior members of the Indian industry met Prime Minister Manmohan Singh and
conveyed their opposition to legislated cased-based quota regime but
promised that will fund training programs, introduce ethical hiring codes,
and adopt alternative solutions.<More>
India to Raise Pak Trade Curbs at SAARC
(July 28, 2006)
Commerce and Industry
Minister Kamal Nath told the
Parliament that he will
raise the issue of import
restrictions by Pakistan at
the South Asian Association
for Regional Cooperation (SAARC)
summit early next month in
Dhaka.<More>
ASEAN Suspends FTA
(July 28, 2006)
Malaysia’s Trade Minister was quoted saying that the Association of
Southeast Asian Nations (ASEAN) has suspended free-trade talks with India
because New Delhi is demanding that 850 goods it imports from South East
Asia to be excluded from the list.<More>
RTAs to be More Transparent
(July 14, 2006)
Countries like India that have been
excluded from Regional Trading
Agreements (RTAs) for political
reasons will benefit from new
Negotiating Group on Rules that
require transparency mechanisms of
World Trade Organization (WTO) be
implemented in RTAs.<More>
Farm Sector Disagreements Stall WTO
(July 05, 2006)
In further
hardening of stance, India
has rejected heavy concessions from
developing nations while only few
concessions are forthcoming from
developed nations especially in access
to markets for agricultural and
industrial products.<More>
India to Harden Stance at WTO
(June 30, 2006)
Ignoring threats and warnings from
World Trade Organization (WTO)
personnel, India disclosed that it has
toughened its stand on agriculture and
industrial tariffs and asserting that
development challenge of the Doha
Round must be addressed. <More>
Tariff Relief per SAFTA
(April 20, 2006)
At a meeting of South Asian Commerce Ministers meeting
at Dhaka, India and Pakistan agreed not to charge
import duties on 5% of products traded within the
South Asia Free Trade Area (SAFTA) region.<More>
3 PHC workers for every 10,000
(April 12. 2006)
A recent World Wealth Organization (WHO) study
revealed that India had only 3 Primary Health Care (PHC)
workers for every 10,000 of its population, which also
predicted a worldwide shortage of 4.3 million
workers. <More>
India Refuses To Budge on WTO
(April 07. 2006)
While World Trade Organization (WTO) warned India not
to miss out on benefits of the Doha round and concede key tariffs to provide greater market access;
India asserted that its 30%
import rate sufficiently proved its market access
credentials.<More>
India & GCC in new Partnership
(March 28, 2006)
India and 6 Gulf Cooperation Countries (GCC) entered a
new era of partnership with a free trade agreement (FTA)
and framework agreement for economic cooperation.<More>
Indian Exports May Hit USD 100 Billion in a Month
(March 15, 2006)
Moving in line with long-term goal of doubling India’s
share of world’s trade in 5 years, going by recent
export trends, value of Indian exports would be close
to the USD 100 billion mark.<More>
India and Japan Expects to Sign CEPA
(January 16, 2006)
Indian and Japan are expected to sign a Comprehensive
Economic Partnership Agreement (CEPA) by the end of
the year. <More>
Board of Trade Discuss Decline in Exports
(January 11, 2006)
Federal Commerce & Industry Minister Kamal Nath has
called for a Board of Trade meeting to discuss the
alarming decline in exports in November 2005.
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