and also signed free trade agreements with other countries which are not part of a trade bloc. Regional Cooperation is the spirit of sharing and helping each other in a particular group of countries of a region towards the achievement of the common objectives. These objectives mainly refer to ...
Argentina, Uruguay and Paraguay. It was formed with the objective of facilitating the free movement of goods, services, capital and people among the four member countries. It is the fourth largest integrated market after the European Union (EU), North American Free Trade Agreement (NAFTA) and ...
TheReserve Bank of India (RBI)and theCentral Bank of the UAE (CBUAE)have agreed to advance the use of their respective currencies for cross‑border trade settlements. The two parties signed a memorandum of understanding (MOU) on 15 July 2023 to develop a framework establishing aLocal Currenc...
Formed in 1960 as a counterweight to the EU, the EFTA has signed about 30 trade agreements with some 40 countries and territories outside the EU.Why Did India Push For Investment CommitmentIndia runs a trade deficit with most of its top trade partners, except for the US. This is also tru...
The corridor is intended to boost trade, improve regional connectivity and supply energy resources. Under the agreement, participating countries will cooperate on supply chain services and logistics platforms for all types of bulk containers, general cargo and liquids. ...
country, with 1.38 billion people residing in this South Asian subcontinent. It is also the world’s third largest economy in terms of purchasing power parity. For these reasons, India makes for an attractive destination for Hong Kong's e-commerce businesses looking to expand their trade. ...
To identify potential for cooperation between the growing economies of the two countries in: a. trade in goods; trade in services; investment; and other areas of economic cooperation To identify priority areas for closer cooperation; To identify constraints, barriers and impediments to closer cooperat...
Similarly, India’s textile sector, which employs millions, has struggled with the influx of cheaper textile imports from countries like Bangladesh. In 2006, India permitted the duty-free import of readymade garments from Bangladesh under the South Asian Free Trade Agreement (SAFTA). This has led...
India-UK Free Trade Agreement: The time has come As part of its new trade policy, the UK has been negotiating trade agreements with several countries on a war footing, even amidst the pandemic. Apart from rolling over most of the trade agreements between the EU and other countries, the UK...
of Duties & Taxes on Exported Products (RoDTEP):The RoDTEP scheme, which came into effect on 1 April 2020 and replaced the now-defunct Merchandise Exports From India Scheme (MEIS), aims to reimburse all duties and taxes manufacturers paid when they export their products to other countries. ...