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India actively considering CEPAs, FTAs to boost textile exports: Piyush Goyal Union Minister Piyush Goyal has said India is actively considering the possibility of Comprehensive Economic Partnership Agreements (CEPAs) and Free Trade Agreements (FTAs) with various countries. These agreements aim to enhance the market size and facilitate exporters in the thriving Indian textile sector. Further, the Minister highlighted that the Pradhan Mantri Mega Integrated Textile Region and Apparel (PM MITRA) Park is being established across 7 states to promote India's textile sec...
India actively considering CEPAs, FTAs to boost textile exports: Piyush Goyal
India actively considering CEPAs, FTAs to boost textile exports: Piyush Goyal
Source: Accord Fintech
27/06/2023 10:36:10 AM
India-Africa bilateral trade grew 9.26% in 2022-23: Piyush Goyal Bilateral trade of India with Africa grew by 9.26 per cent in 2022-23, reaching almost $100 billion, Commerce Minister Piyush Goyal said while addressing the CII-EXIM Bank conclave on "India-Africa Partnership". Goyal expressed confidence in achieving the goal of doubling bilateral trade to $200 billion by 2030. "Blessed with demographic dividend, India-Africa partnership can drive the global progress in this century," the minister said further. Goyal said that th...
India-Africa bilateral trade grew 9.26% in 2022-23: Piyush Goyal
India-Africa bilateral trade grew 9.26% in 2022-23: Piyush Goyal
Source: IANS
16/06/2023 9:37:16 AM
DGTR recommends increasing customs duty on `Ferro Molybdenum` from South Korea In view of spurt in the imports under a free trade agreement, the commerce ministry's investigation arm Directorate General of Trade Remedies (DGTR) has recommended increasing customs duty on 'Ferro Molybdenum', used in steel, nickel, cobalt alloys, from South Korea. The Comprehensive Economic Partnership Agreement (CEPA) between the two countries was implemented in January 2010. In October 2022, India initiated the probe to ascertain if a spurt in the imports from South Korea ...
DGTR recommends increasing customs duty on `Ferro Molybdenum` from South Korea
DGTR recommends increasing customs duty on `Ferro Molybdenum` from South Korea
Source: Accord Fintech
6/06/2023 11:47:42 AM
India-UAE bilateral trade grew 20% in 2022-23 Since the Comprehensive Economic Partnership Agreement (CEPA) came into existence, bilateral trade between India and UAE witnessed tremendous growth of 20 per cent in 2022-23 as against the previous year. India's exports to the UAE also recorded a remarkable growth of 12 per cent, reaching $31.3 billion in 2022-2023. This was stated by Secretary, Department for Promotion of Industry and Internal Trade (DPIIT) Rajesh Kumar Singh, who along with UAE's Minister of State for Foreign...
India-UAE bilateral trade grew 20% in 2022-23
India-UAE bilateral trade grew 20% in 2022-23
Source: IANS
9/05/2023 9:33:44 AM
India`s exports to UAE likely to rise by 60% to $50 billion by 2026-27: Commerce Secretary Commerce Secretary Sunil Barthwal has said that India's exports to the UAE are expected to rise by about 60 per cent to reach $50 billion by 2026-27 from $31.3 billion at present on the back of the free trade agreement between the countries. He said that trade between India and the UAE has grown significantly after the implementation of the trade agreement on May 1 last year. Barthwal said a lot of trade is happening through the preferential route of the trade pact. He said ‘we w...
India`s exports to UAE likely to rise by 60% to $50 billion by 2026-27: Commerce Secretary
India`s exports to UAE likely to rise by 60% to $50 billion by 2026-27: Commerce Secretary
Source: Accord Fintech
2/05/2023 1:18:10 PM
Economic pact with UAE given boost to Indian entrepreneurs: PM Narendra Modi Prime Minister Narendra Modi on Sunday said that the comprehensive economic partnership agreement (CEPA) with UAE has given a boost to Indian entrepreneurs. Modi said in a tweet that it has also deepened India's ties with UAE. He was responding to a tweet by commerce minister Piyush Goyal, who had said on Saturday that February 18 marked one year of signing of India-UAE CEPA. Goyal along with UAE's minister of state for foreign trade Thani Al Zeyoudi had co-authored an articl...
Economic pact with UAE given boost to Indian entrepreneurs: PM Narendra Modi
Economic pact with UAE given boost to Indian entrepreneurs: PM Narendra Modi
Source: IANS
19/02/2023 2:05:01 PM
A year after signing India-UAE Comprehensive Economic Partnership Agreement, bilateral trade grew by 27.5% The historical India-UAE Comprehensive Economic Partnership Agreement (CEPA) was signed on February 18, 2022 during the virtual summit attended by Indian Prime Minister Narendra Modi and President of the UAE Sheikh Mohamed bin Zayed Al Nahyan. Marking a successful year of CEPA signing, a Special Business Event was organised by the Federation of Indian Chambers of Commerce & Industry (FICCI) in association with the Embassy of India, Abu Dhabi, Consulate General of India, Dubai and Dubai...
A year after signing India-UAE Comprehensive Economic Partnership Agreement, bilateral trade grew by 27.5%
A year after signing India-UAE Comprehensive Economic Partnership Agreement, bilateral trade grew by 27.5%
Source: IANS
19/02/2023 10:28:00 AM
India, Bangladesh to further strengthen bilateral economic relations India and Bangladesh have held comprehensive discussions to further strengthen bilateral economic relations. A Joint feasibility study on a Comprehensive Economic Partnership Agreement (CEPA) has been carried out after the two countries agreed for exploring a bilateral FTA. The study confirmed the CEPA would provide a sound basis for substantial enhancement of trade and commercial partnership between the two countries. Further, both sides agreed that CEPA will create new jobs, raise living...
India, Bangladesh to further strengthen bilateral economic relations
India, Bangladesh to further strengthen bilateral economic relations
Source: Accord Fintech
23/12/2022 1:50:47 PM
FTA between India, UAE giving duty free access to garment sector: AEPC The Apparel Export Promotion Council (AEPC) has said that the free trade agreement (FTA) between India and the UAE is giving duty free access to the garment sector and it will help increase share of domestic exports in that country. Chairman Fair and Exhibitions AEPC Ashok Rajani said India is the second largest supplier of ready-made garments to the UAE after China. The UAE has traditionally been the topmost trading partner for Indian garment exports. With signing of the UAE-India CEPA ag...
FTA between India, UAE giving duty free access to garment sector: AEPC
FTA between India, UAE giving duty free access to garment sector: AEPC
Source: Accord Fintech
30/11/2022 3:08:58 PM
India, UAE central banks discuss rupee-dirham trade prospects -official The central banks of India and the United Arab Emirates are discussing a potential mechanism to trade in their respective local currencies, India's ambassador to UAE, Sunjay Sudhir, said on Friday. Rupee-dirham trade will help reduce transactional costs, Sudhir told reporters in New Delhi, as the two countries look to boost trade on a free trade pact. Earlier this year, India signed a Comprehensive Economic Partnership Agreement (CEPA) with the UAE to help Indian exporters tap into ...
India, UAE central banks discuss rupee-dirham trade prospects -official
India, UAE central banks discuss rupee-dirham trade prospects -official
Source: Reuters
26/11/2022 11:04:33 AM
Punjab, Hry hold potential for strengthening ties: S.Korean envoy South Korean Ambassador to India Chang Jae-bok on Thursday said Punjab, Haryana and Chandigarh hold enormous potential for strengthening the South Korea-India partnership. Speaking at the South Korea-India Economic Cooperation Forum 2022 at the CII Northern Region Headquarters here, he said: "I am happy to say that the year 2023 will mark the 50th anniversary of diplomatic relations between Korea and India. This region has excellent human resources, capacity of scale and is at the cen...
Punjab, Hry hold potential for strengthening ties: S.Korean envoy
Punjab, Hry hold potential for strengthening ties: S.Korean envoy
Source: IANS
24/11/2022 5:20:22 PM
UAE-India joint investment task force reviews key areas of cooperation Commerce Minister Piyush Goyal on Tuesday co-chaired the 10th meeting of the UAE-India joint task force on investments in Mumbai, along with Sheikh Hamed bin Zayed Al Nahyan, member of the Executive Council of the Emirate of Abu Dhabi. Discussions took place on ways of enhancing bilateral investments in key sectors like food security, manufacturing, infrastructure, energy and technology. In this context, it was agreed that the concerned authorities in both countries will explore establi...
UAE-India joint investment task force reviews key areas of cooperation
UAE-India joint investment task force reviews key areas of cooperation
Source: IANS
11/10/2022 11:29:15 AM
UAE President receives PM Narendra Modi`s letter on strengthening strategic ties UAE President Sheikh Mohamed bin Zayed Al Nahyan received a letter from Indian Prime Minister Narendra Modi regarding strengthening the strategic relations between the two countries and the prospects of developing them to serve their common interests. Sheikh Mohamed received the letter during a meeting with Indian External Affairs Minister S. Jaishankar, who is currently on a visit to the United Arab Emirate to attend the meetings of the 14th session of the UAE-India Joint Committee and th...
UAE President receives PM Narendra Modi`s letter on strengthening strategic ties
UAE President receives PM Narendra Modi`s letter on strengthening strategic ties
Source: IANS
3/09/2022 1:49:51 PM