MUTUAL RECOGNITION AGREEMENT
India, UK begin talks on recognising and mapping skill gaps
India is discussing skill mapping and mutual recognition of skills with the UK to enhance job opportunities for its workforce. The focus is on linking the NCS portal with the UK job portal and facilitating worker exchange in labour-intensive sectors under the MMPA.
India expresses deep concern over loss of lives in Rafah
India on Thursday expressed deep concern over the loss of civilian lives in the displacement camp in Rafah and called for the protection of the civilian population and respect for international humanitarian law in the ongoing conflict.
India actively pursuing customs mutual recognition agreements with nations: CBIC chief
India has signed mutual recognition agreements (MRAs) with seven nations' customs authorities and is negotiating pacts with other countries. The Central Board of Indirect Taxes and Customs and the Federal Customs Service, Russia, signed the Authorized Economic Operator (AEO) MRA, providing reciprocal benefits to accredited exporters.
India, Bhutan ink several pacts, finalise MoU on establishment of rail links between two nations
India and Bhutan exchanged MoUs in various fields and finalized rail links during PM Modi's visit. Discussions focused on renewable energy, youth exchange, and space cooperation, enhancing the countries' bilateral relations and cooperation across different sectors.
Russia hopeful of agreement with India for mutual recognition of academic degrees
Russian Ambassador Denis Alipov expressed optimism about reaching an agreement with India for mutual recognition of academic degrees, citing the increasing number of Indian students pursuing professional degrees in Russia. This agreement would enable professionals like doctors to practice in India without needing additional courses.
Oppo, Nokia resolve global patent dispute with cross-license agreement
The Finnish tech company owns over 6000 patent families declared essential to 5G connectivity in smartphones. Out of them, 30 patents covering a mix of cellular standards, connectivity, user interface and security, were the bone of contention in the licensing disputes. Nokia licenses these patents to smartphone brands on fair, reasonable, and non-discriminatory (FRAND) terms.
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Commerce ministry sets up task force to resolve trade barrier issues for exporters
The ministry is also looking at improving mutual recognition agreements (MRAs) with different countries so that product standards are as per the requirements of the importing countries.
UK seeks higher protection for its GI products from agri sector under FTA with India
In the ongoing negotiations for a free trade agreement between the UK and India, the demand for heightened protection of Geographical Indication (GI) products from Britain's agriculture sector remains an unresolved point. GIs like Scotch whisky and Stilton cheese signify distinctiveness linked to their specific origins, prompting discussions to address differences in protection levels.
India, US increasingly in agreement on strategic issues, countering China's aggression: Rajnath Singh
Rajnath Singh and External Affairs Minister S Jaishankar led the Indian delegation at the 2+2 ministerial talks in which the US side was led by US Secretary of State Antony Blinken and US Defence Secretary Lloyd Austin.
India, US in agreement on strategic issues, countering China's aggression: Rajnath Singh
Countering China's aggression, promoting a free and open Indo-Pacific and addressing regional security challenges were some of the key issues that US and India agreed on. Singh made the remarks at a bilateral meeting with his American counterpart, Lloyd Austin, that took place shortly after the conclusion of the fifth edition of the India-US "2+2" ministerial dialogue.
India, Bangladesh discuss preparations to start talks for free trade agreement
CEPA is a kind of free trade agreement, under which two trading partners significantly reduce or eliminate customs duties on the maximum number of goods traded between them. Besides, they also ease norms to promote trade in services and investments.
G20 Delhi Declaration: WTO reform, discouraging protectionism, mutually supportive trade and green policies
The G20 reiterated their commitment to reforming the World Trade Organization (WTO) and resolving disputes. They emphasized the need to avoid discriminatory green economic policies and promote fair competition. The G20 also expressed support for positive outcomes at the WTO's Thirteenth Ministerial Conference.
Sitharaman asks CAs to work on ESG, carbon accounting expertise
India’s finance minister, Nirmala Sitharaman, has urged chartered accountants to expand their expertise into new and growing areas of auditing, including environmental, social and governance (ESG) and carbon accounting. She said the potential Free Trade Agreement between India and the UK, currently being negotiated by the commerce ministry, could benefit Indian accountants who leverage it well.
Integration of all Naga areas our right: NSCN-IM
NSCN-IM general secretary Thuingaleng Muivah said that on the issue of integration of all Naga areas the Government of India has officially acknowledged that it is the legitimate right of the Nagas and therefore, it shall be finalized accordingly.
India-Oz FTA utilisation above 90% in some textiles, engineering goods exports
Officials said that the utilisation of the India-Australia Economic Cooperation and Trade Agreement (ECTA) is as high as 90% in around 113 products especially labour intensive items where duties were reduced to nil from 5% under the pact. “90% of the exports of these products to Australia are happening through the FTA (free trade agreement) route,” said an official. This assumes significance as India’s utilization rate of its FTAs has been historically low due to documentation costs, lack of awareness and strict morphine norms.
Piyush Goyal cautions against 'game of dividing' by developed countries at WTO for favourable agreement on fisheries, ecommerce
Ahead of a key ministerial conference of the World Trade Organization (WTO) early next year, commerce and industry minister Piyush Goyal cautioned emerging markets, developing countries and the least developed countries of the developed countries’ “game of dividing” them to get agreements on fisheries and e-commerce moratorium that address the needs of a few countries only.
PM Modi US visit: Mutual gain is the name of the game
Modi’s US visit will be heavy on substance, not just optics. Mutual gain is the catchword. The White House has laid a full table for Narendra Modi to show intent and intensity.
Delhi to seek easier entry for dentists, nurses, CAs into UAE
An MRA is a pact where countries agree to recognise each other's professional qualifications and enable easy movement across borders. The India-UAE CEPA has provisions on mutual recognition of professional and skill-based qualifications to facilitate these workers to deliver services across the two countries.
G20 India: Employment Working Group reaches broad agreement for cross-country mobility and jobs database
These include development of an international reference classification of occupations by skill and qualification requirements to facilitate cross-country comparability and mutual recognition of skills and qualifications. Further, it has been agreed to extend coverage of ILO and OECD's Skills for Jobs Database to G20 countries through comparable indicators to map skill gaps globally, it said.
India, Canada discusses mutual recognition of educational qualifications, dual degrees
Commerce minister Piyush Goyal was in Canada on an official visit and these issues came up for discussion during his meeting with his Canadian counterpart Mary Ng. "Piyush Goyal also mentioned that dual degrees, mutual recognition of our educational qualification throughout professional bodies... were discussed in the meetings," it said.
India to push for carbon certificates mutual recognition with EU
In a meeting chaired by the chief economic advisor V Anantha Nageswaran and commerce secretary Sunil Barthwal on Tuesday, the government also asked industry to be prepared for the new system. Officials from ministries of finance, power and environment, and industry representatives attended the meeting.
Calibrated trade policy generating export-led eco growth and create jobs imperative for India: Experts
This gains salience given that the government of India is looking to pursue an export-led growth strategy and Global Value Chain (GVC) integration, at a time when even globally, firms are looking to derisk and diversify. It is notable that growth in exports can translate into a significant boost in both GDP and employment.
Why bilateral trade deals are beneficial for India
The slew of FTAs should be seen in the context of India's assumption of the G20 presidency under Prime Minister Narendra Modi from next week. In line with India's global aspirations, the country has adopted an aggressive approach to FTA negotiations, especially in forging economic partnerships with advanced economies.
India, Australia sign accord to double trade in 5 years
Morrison said the agreement would create enormous trade diversification opportunities for Australian producers and service providers bound for India, valued at around $14.8 billion each year. Australia will give duty-free access to 96.4% of Indian exports by value (98% of tariff lines) including textiles, leather, jewellery and sports goods from the day the agreement takes effect.
Agreements signed with 11 countries for mutual recognition of Covid vaccines: Government
Revised guidelines for international arrivals were released on Wednesday. These fresh rules supersede all guidelines issued on the subject on and after February 17, 2021, the ministry said.
Goyal says India looking to work with US on market access, asks exporters to eye $2 trillion targets by 2030
The minister asked the export community to also target $2 trillion exports by 2030, with $1 trillion each from merchandise and services exports.
India, UK to set up joint task force for mutual recognition of academic qualifications: Nishank
"India and the United Kingdom have agreed to set up a joint task force consisting of designated higher education organisations from both the countries to work towards mutual recognition of academic qualifications. This will support India's agenda for internationalisation of higher education.
Cabinet approves mutual recognition pact between India's ICAI and Malaysia's MICPA
This would enable appropriately qualified chartered accountant members of either institutes to join the other by receiving appropriate credit for their existing accountancy qualification.
India to allow Nepal use of three rivers for inland waterways to push regional connectivity
Nepal will be able to operate its own vessels on the Ganga, which runs parallel to the southern border of the Himalayan state.
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