India and 4 member countries of European Free Trade Association have held 13 rounds of negotiations between 2008 & 2013. Negotiations were placed on hold before resuming in October 2016.
The corridor, announced on sidelines of the G20 summit, aims to extend from India across the Arabian Sea to UAE and through Saudi Arabia before connecting through Jordan & Israel to Europe.
India's trade minister Piyush Goyal and his US counterpart Katherine Tai held their annual trade policy talks in New Delhi on 12 January. Tai is on a three-day visit to India.
Trilateral dialogue comes as India attempts to position itself as a manufacturing hub of critical technologies such as semiconductors, where South Korea is a global leader.
Imbalance in Russia-India trade & US sanctions have meant Russia is accumulating rupees it can’t use. At stake could be a significant part of India’s imports from Russia.
Report also notes that India accounts for 11% of globally seized value of perfumes and cosmetics, and is one of the major hubs & sources of such counterfeits.
Despite talks about leveraging the digital, the foreign trade policy has failed to mention how this emphasis on technology can address the financial shortcomings that plague the MSME sector.
This FTP intends to reduce transaction costs by reducing composition fees in certain schemes, simplifying procedure, and integrating various timelines into the policy.
The old XUV 700 was an indication that the Indian manufacturer had begun to up their game. But 7XO is world-class in terms of fit, finish, and equipment.
As Visakhapatnam readies a mega airport, the Andhra Pradesh government has revived its shelved Dagadarthi project, aiming to boost cargo and connectivity on the south coast.
Both the Russian and Ukrainian militaries are leaning on drones, but they’re also firing cruise and ballistic missiles, some of them relatively new and experimental.
UK, EFTA already in the bag and EU on the way, many members of RCEP except China signed up, and even restrictions on China being lifted, India has changed its mind on trade.
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