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Prime Minister Narendra Modi and Liechtenstein's Prince Alois on Tuesday held wide-ranging talks focusing on boosting bilateral ties in areas of trade, technology and mobility of talents. Prince Alois, presently serving as the acting head of the tiny European nation, is on a four-day visit to India from Sunday. He is accompanied by his spouse Princess Sophie and a business delegation comprising several top industry leaders. Secretary (West) in the Ministry of External Affairs, Sibi George, said at a media briefing that Modi and Alois explored ways to enhance bilateral ties in areas of trade and investment, advanced manufacturing, technology, innovation, financial services, agriculture, space, education, and skills development. The two sides also discussed the possibility of having a double taxation avoidance agreement, he said. "There was a clear emphasis on advancing three Ts: trade, technology, and talent, for deepening bilateral cooperation and also cooperation with the EFTA ...
The negotiations for a Comprehensive Economic Partnership Agreement (CEPA) between India and Canada are progressing and the next round of talks will be held from October 5, Commerce and Industry Minister Piyush Goyal said on Monday. "...the next 90 days should be a very defining period in the Canada-India relationship," he told reporters here. The fourth round of negotiations concluded here on September 18. The talks are moving at a faster pace as both the countries are targeting to conclude the negotiations by end of this year. "Both sides have resolved to fast track negotiations, in view of which our team is now slated to go for the fifth round on October 5," Goyal said. Canada's International Trade Minister Maninder Sidhu was in Mumbai last week to hold talks with Goyal. India's major exports to Canada include pharmaceuticals, iron and steel, seafood, cotton garments, electronic goods and chemicals. Key imports from Canada include pulses, pearls and semi-precious stones, coal,
India and New Zealand are working closely to complete their respective domestic processes to facilitate the early implementation of a trade agreement between the two countries, an official statement said on Thursday. The two countries signed a free trade agreement in April and it is expected to come into force in the third week of October. "India and New Zealand are working closely to complete their respective domestic processes and to facilitate the early entry into force of the Agreement," the commerce ministry said. It said that India has welcomed the passage of legislation by the Parliament of New Zealand on September 16 to give effect to the India-New Zealand Free Trade Agreement (FTA). The passage of the legislation marks an important step towards implementing the pact. The agreement provides duty-free access for 100 per cent of Indian exports to New Zealand from the date of entry into force. It would open new opportunities for Indian exports including textiles and apparel,
The government on Friday relaxed the 'One Star Export House' eligibility condition for exporters by revising the specific international trade and financial performance norms in three consecutive fiscal years. Earlier, exporters were required to achieve specific export performance in all three preceding financial years to receive the 'Star Export House' status. Under the revised norms, export firms reporting the same in any two of the three preceding fiscals will be eligible to get this recognition. This change, however, does not apply to the gems and jewellery sector as that sector already has a separate two-year requirement under foreign trade policy (FTP) 2023. The directorate general of foreign trade (DGFT) has amended a provision of the FTP "to allow granting of One Star Export House status to applicants (other than for the Gems and Jewellery sector) who possess export performance in any two out of the three preceding financial years subject to other provisions...". Upon achiev
The Samyukt Kisan Morcha (SKM) has announced nationwide protests on Wednesday against the proposed India-US Free Trade Agreement (FTA) and other trade pacts, and written to President Droupadi Murmu, urging her to intervene to stop the Centre from signing the agreements. In an open letter to the president, the farmers' body has urged her to "instruct Prime Minister Narendra Modi not to sign the India-US Free Trade Agreement, repeal all signed FTAs and ensure discussion in Parliament" on their impact on the country's economy, self-reliance and sovereignty. "The FTAs, negotiated in secrecy and under corporate pressure, are a profound betrayal of India's national interest.... A blueprint for economic colonisation," the SKM has said in the letter, claiming that the agreements would devastate crores of small and marginal farmers and adversely affect the micro, small and medium enterprises (MSME) sector. The organisation has claimed that the proposed trade deals would allow subsidised ...
India and Moldova on Monday agreed to promote greater trade and investment, strengthen resilient supply chains and improve connectivity, with President Droupadi Murmu saying economic cooperation remains a key pillar of the bilateral partnership. Murmu, who is the first Indian President to visit Moldova, held productive and forward-looking discussions with her Moldovan counterpart Maia Sandu here, covering the entire spectrum of bilateral ties. "Economic cooperation remains an important pillar of our partnership. We agreed to promote greater trade and investment, strengthen resilient supply chains, improve connectivity and encourage closer engagement between our business communities," she said. The India-Moldova Business Forum, being held on the margins of this visit, will go a long way in energising our trade and investment ties, the President said. "We agreed to strengthen cooperation in various areas of mutual interest including agriculture, logistics and infrastructure, healthc