TRADE DELEGATION
China's Xi calls for 'bridges' amid trade, diplomatic frictions
Chinese President Xi Jinping has called for the building of "bridges" in the global economy as Beijing grapples with economic, trade, and territorial disputes with neighbours and trading partners. He emphasized that the world's second-largest economy will never leave the road of peaceful development and will not become a "strong" state seeking to dominate others.
Congress seeks dissolution of Nayab Singh Saini-led "minority" BJP government in Haryana
Haryana Congress has called on Governor Bandaru Dattatreya to dissolve the BJP government in the state, accusing it of not having the desired majority. The Congress party, led by Bhupinder Hooda, has demanded the dissolution of the current government and a fresh mandate from the public. The BJP has 41 legislators and the state government has the support of one Haryana Lokhit Party legislator and one Independent legislator.
PM Modi meets US delegations who visited Dalai Lama despite China's objection
Prime Minister Narendra Modi met with a US Congressional delegation on Thursday after their visit to Tibetan spiritual leader the Dalai Lama in Dharamshala earlier this week. The delegation, including former US House of Representatives Speaker Nancy Pelosi, congratulated PM Modi on his third consecutive term and expressed appreciation for India's recent elections.
German deputy leader visits China to manage fears of trade war with EU
Robert Habeck, who has personally spoken out against punitive tariffs as a last resort, took with him a low-key business delegation and will address trade relations while also pressing China on hot-button issues like Russia's war in Ukraine.
India to send high level delegation to Ukraine summit, says Zelenskiy
India will send a high-level delegation to an international summit on Ukraine in Switzerland, following a meeting with Indian Prime Minister Narendra Modi in Italy. The leaders discussed trade, expanding ties, and preparations for the summit.
After Taiwan and trade war, US turns spotlight on China's control of Tibet
Tibet-China Bill: US-China relations are set to face heightened complexity as Tibet becomes a new focal point of contention. Recently, US lawmakers passed a bill challenging Beijing's historical claims over Tibet and advocating for peaceful dialogue between the Chinese Communist Party and the Dalai Lama to resolve the longstanding dispute.
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Ebrahim Raisi, a hardline leader who brought Iran closer to China
Before news of Iranian President Ibrahim Raisi’s death emerged, China expressed "deep concern" on Monday after his helicopter went missing. Given China's significant trade ties with Iran and its role as a major buyer of Iranian oil, its concern appears justified. China stated it would closely monitor the situation and offer support to rescue operations. Raisi's efforts to strengthen Iran-China relations included a visit to Beijing last year, marking the first such visit by an Iranian president in two decades.
New Taiwan president Lai hails 'glorious' democracy
Taiwan President Lai Ching-te has hailed the arrival of a "glorious era" for Taiwan's democracy and called on China to cease political and military intimidation. In an inauguration speech, Lai thanked citizens for refusing to be swayed by external forces and urged them to demonstrate their resolution to defend their nation. Lai has been described by Beijing as a "dangerous separatist" for his past comments on Taiwan's independence, but has since moderated his rhetoric.
IMEC: Indian team in UAE discusses start of work on trade route
An Indian delegation visited ports in the United Arab Emirates, including the Port of Fujairah, to discuss kickstarting the India-UAE leg of the proposed India-Middle East-Europe Economic Corridor (IMEC) with customs authorities. The visit aimed at preparing the India-UAE leg of the IMEC while awaiting peace in the region for the Israel part.
Indian delegation holds talks with key entities in UAE on IMEEC
Indian delegation visits UAE to discuss the India-Middle East-Europe Economic Corridor (IMEEC) within 3 months of signing the Framework Agreement. Both sides prioritize cooperation and empowerment for the strategic project aiming at efficient supply routes, cost reduction, job creation, and reducing greenhouse gas emissions.
Meme coin with AI superpowers: WienerAI breaks past $1.5 million milestone in hot presale
WienerAI (WAI) is a meme coin with AI superpowers, offering an AI trading bot and staking protocol on the Ethereum blockchain. It has a growing Twitter community, a Telegram channel, and a strategic tokenomics structure. Coinsult audit confirmed no major vulnerabilities, and it ranks second on the 'Best Crypto ICOs - New Upcoming ICO Calendar for 2024' list, exceeding $1.
Russian President Vladimir Putin to push growing Moscow-Beijing trade in China's northeast
Russian President Vladimir Putin concluded his visit to China by highlighting the importance of trade near the border in China's northeast. Amid Western sanctions over the Ukraine invasion, Putin is strengthening ties with China, signing agreements on security and economic cooperation. The joint statement emphasizes the deepening China-Russia relationship and their commitment to mutual development.
Xi Jinping, Vladimir Putin hold talks in Beijing to discuss future strategic ties
Russian President Vladimir Putin visited China to hold talks with China President Xi Jinping. The two leaders discussed about the Ukraine war and the increasing pressure on Beijing from the US and EU for supporting Russia. This is Putin's first foreign visit after being elected for the fifth term. Russia's large delegation, including five deputy prime ministers and other senior officials, is expected to discus trade and economic cooperation.
Next round of talks for India-Asean trade pact review in July
The discussions for review of AITIGA (Asean-India Trade in Goods Agreement) started in May 2023 to make it more trade-facilitative and beneficial for businesses across the region, the commerce ministry said. A joint committee, which is undertaking the review work, has so far met four times.
China willing to help Indian firms to cater to its market demand: Envoy Xu Feihong
China's new envoy to India, Xu Feihong, has stated that the Chinese market is open to all countries, including India. He emphasized that Beijing understands India's concerns over its burgeoning trade deficit and is willing to help Indian companies tap into the Chinese market. The trade deficit reached USD 101 billion in 2022, crossing the $100 billion mark. Xu reiterated that China understands India's concerns and is not seeking a trade surplus.
India, Ghana agree to operationalise UPI link in 6 months
India and Ghana plan to implement UPI on GHIPSS in 6 months. JTC meeting explored MoU on Digital transformation, Local Currency Settlement, AfCFTA opportunities in Accra, led by Commerce Ministry.
Pakistan's benchmark share index rises as much as 1.5%
A Saudi delegation arrived in Pakistan on Sunday for talks on trade and investment opportunities, particularly in the exploration and production sectors.
India, Ghana agree for early operationalisation of UPI on Ghana interbank payment systems
India and Ghana aim to link UPI and GHIPSS for instant fund transfers. Discussions include MOU, local currency settlement, and AfCFTA benefits. NPCI's UPI may operate on GHIPSS in 6 months. Bilateral trade focuses on gold, cocoa, and cashew nuts.
India, Australia review progress on trade and investment negotiations, discuss way forward for its completion
In the first Joint Committee Meeting (JCM) under India-Australia Economic Co-operation and Trade Agreement (Ind-Aus ECTA), both sides acknowledged the smooth implementation of the ECTA and briefly elaborated on ECTA implementation issues including MRAs on organic products, market access issues related to products like okra, pomegranate, grapes, cottage cheese, macadamia nuts, lentils and avocado.
India, Nigeria to increase cooperation in energy, UPI, local currency settlement to enhance economic ties
India and Nigeria are ramping up cooperation in several key areas to bolster economic ties. During a recent visit by an Indian delegation to Nigeria, both countries discussed increasing collaboration in sectors such as crude oil, natural gas, pharmaceuticals, Unified Payments Interface (UPI), local currency settlement systems, and the power sector. Led by Amardeep Singh Bhatia, the delegation included officials from the Reserve Bank of India (RBI), EXIM Bank of India, and the National Payments Corporation of India (NPCI).
India, Nigeria agree to early conclusion of local currency settlement system agreement
India and Nigeria have agreed to conclude a local currency settlement system agreement to strengthen economic ties. The agreement, signed during a joint session of the India-Nigeria Joint Trade Committee, aims to promote the use of the Indian Rupee and Nigerian Naira for cross-border transactions. The agreement will enhance bilateral trade and mutually beneficial investments in sectors such as crude oil, natural gas, pharmaceuticals, power, renewable energy, agriculture, education, transport, railway, aviation, and MSMEs development.
Russian Chamber of Commerce & Industry opens office in Mumbai amid big interest of entrepreneurs in India
CCI President, Sergey Katyrin, who is currently heading a Russian delegation of entrepreneurs in India, inaugurated the new office by cutting the ceremonial ribbon alongside prominent Indian officials.
US trade mission to visit India to explore opportunities in agribusiness
A high-powered US trade delegation, led by Alexis Taylor, explores India's agribusiness sector, promotes American products to the rising middle class, leveraging tariff reductions for US products to strengthen trade relationships and secure new purchase agreements.
Are you new to algo trading? Here are 4 key risks one must know about
Algo trading is nothing but a series of commands defined by experts to execute a buy/sell order with predefined conditions. As we know, the prices of financial instruments like stocks, forex, and commodities fluctuate in fractions of a second.
Indian official delegation heads for London for FTA talks
Negotiations for the India-UK free trade agreement are in the final stage. A high-level Indian delegation is heading to London to resolve remaining issues on goods, services, and rules of origin. The negotiations cover 26 chapters, including market access, skilled professionals, and import duties. The bilateral trade between India and the UK increased to USD 20.36 billion in 2022-23.
Indo-Canada Chamber of Commerce delegation reaches midpoint, extends invitation to Gujarat CM for Gala event
The Indo-Canada Chamber of Commerce (ICCC) highlighted the progress of its India Mission 2024, led by President Murarilal Thapliyal, in enhancing trade relations between India and Canada. The delegation initiated discussions in Delhi, engaging with policymakers and business leaders at various forums.
Union Minister Piyush Goyal discusses progress of FTA negotiations during meeting with EFTA delegation
Union Commerce and Industry Minister Piyush Goyal held a meeting with the European Free Trade Association (EFTA) delegation led by Swiss State Secretary for Economic Affairs, Helene Budliger Artieda, and Norwegian Minister of Trade and Industry, Jan Christian Vestre, on Wednesday.
UK to send 'largest-ever' delegation to Bengal's marquee business summit
"I am looking forward to leading the UK's largest ever delegation to the Bengal Global Business Summit in Kolkata... I hope the summit will help British businesses to expand here and that companies from Bengal can enhance their footprint in the UK," Alex Ellis, British High Commissioner to India, said.
Assocham to organise B2B meetings with delegation from UAE
The meetings, themed 'Expanding Your Business Globally with SAIF Zone', are scheduled to take place on November 7-8 in Chandigarh, a release said here on Sunday. he B2B (business-to-business) meetings aim to provide city-based industrialists with a deep understanding of the benefits of establishing businesses in the free trade zones of the UAE and how Indian companies can capitalise on this opportunity to expand their operations and increase exports worldwide.
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