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Anti-Dumping Investigation Extension Letter

Dated 5th March, 2018 | Copy of | ANTI-DUMPING INVESTIGATION |   All Interested parties, Extension of time for filing questionnaire response inthe anti-dumping investigation concerning imports of“Coated Paper” originating in or exported from ChinaPR, European Union & USA - reg.   Requests for extension of time for filing questionnaire response have been received from the Associations representing several importers and the attorneys representing various Chinese exporters. 2 After careful consideration, it has been decided to grant extension of time for filing questionnaire response up to 28th March, 2018. 3. You will appreciate that the anti-dumping investigations are time bound and no request of further extension will be entertained. Keeping this in mind, you all are requested to avail the opportunity of submitting responses within the extended time ...

Royal Bank of Scotland could shift base to Netherlands after Brexit

The Dollar Business Bureau  The Chief Executive of Royal Bank of Scotland (RBS), Ross McEwan, revealed today that they are in discussions with the Dutch Central Bank to use it as a base after Britain exits the European Union.  McEwan revealed today that RBS plans to build its Amsterdam unit which was acquired after RBS bought ABN-Amro in 2008. Though presently the staff at Amsterdam are only a handful, the bank plans to increase the staffing size to 150. McEwan told reporters, "Setup costs will be in the low tens of millions, running costs also in the low tens of millions.”  RBS in its half-year report said, "NatWest Markets has reviewed ways to minimise disruption to the business and continue to serve its ...

Brazil, EU propose reduction in farm subsidies, may impact India

The Dollar Business Bureau Brazil and the European Union (EU) have jointly proposed a cut in the incentives provided by developing economies to the farmers, a step that could adversely impact India, along with other emerging countries.  In a paper to the World Trade Organisation (WTO), jointly prepared by the two, it proposed a reduction in the limits on subsidies given to farmers by developing economies.  If the given proposal is approved, India would not be able to provide any subsidy apart from the minimum support price (MSP) and may have to curb the incentives for disease and pest control, infrastructure, marketing services, etc.  In addition, the proposal asks to ban exports of food stocks that are meant for public distribution in ...

EU nationals to face same visa requirements as others, post Brexit

The Dollar Business Bureau  UK’s Immigration Minister Brandon Lewis said on Thursday that after the Brexit deadline, nationals from European Union (EU) countries will have to face same visa requirements as the migrants from non-EU nations. Freedom of movement is an aspect of the UK’s EU membership and this will end once the country exits the bloc, Lewis said. This would mean that migrants from the 27-member bloc will face similar visa restrictions as Indian nationals, as soon as Britain leaves the EU - the deadline for the same is March 2019. “Free movement of labour ends when we leave the EU in the spring of 2019. I’ll be very clear about that,” Lewis told a leading international news agency. “Obviously, there’s a period of ...

FTA between UK and India will be easier to accomplish once UK exits EU, Sujit Nair

By Sheela Mamidenna UK and India share an age-old history of common interests and values and with India’s rapid rise to fame as the ‘fastest growing large economy’ in the world, the relations between the two countries could ‘reboot’ as Theresa May had expressed during her visit to India in November last year. UK is India’s 5th largest trading partner and a great place for Indian businesses and will remain so post-Brexit for many reasons. However, trade bodies like FICCI voiced a negative sentiment saying that trade between India and UK is likely to suffer due to the Brexit vote and a decline in sterling. There are over 800 Indian businesses operating in the UK and serving as a gateway to Europe. Experienced ...

Trump and Theresa agree to increase trade between the two countries

The Dollar Business Bureau UK and US leaders met on the sidelines of the G7 meet and reaffirmed to complete a bilateral trade agreement after UK's exit from the European Union. The two leaders met at Sicily and decided to forge their trade relationship. A spokesperson told the media that the two leaders agreed on the importance of free trade while ensuring that the citizens of both the countries are not left behind due to globalization. "The president and the prime minister reaffirmed their commitment to increasing trade between the UK and the U.S., including a post-Brexit trade deal," the spokesman said. Theresa May was the first leader of a State to visit the White House after Donald Trump became the President. It was ...

Gold rises, euro strengthens after Macron wins in France

The Dollar Business Bureau  After dropping to a 7-week low previously in the trading session, gold moved up marginally on Monday on bargain-hunting and the euro strengthened against the dollar after Emmanuel Macron won France’s presidential election. Spot gold increased 0.3% to $1,230.88 an ounce at 0401 GMT, after reaching $1,224.86 per ounce earlier in the trading session, the lowest since March 17. Gold futures at US exchanges also rose 0.3% at $1,230.60 per ounce. On Monday, the euro touched a high of six months against dollar after Macron, a pro-European Union candidate, won the presidential election in France, defeating the far-right nationalist, Marine Le Pen, who threatened to pull out the country from the EU. “Leading into the election, with many polls predicting Macron's ...

Malaysia records highest exports at RM82.63 billion in March 2017

The Dollar Business Bureau Buoyed by improved performance in all major export sectors, Malaysia’s exports grew 24.1% year on year during March 2017. Beating expectations, the South-East Asian economy boasted a double-digit growth in exports for the fourth consecutive month since December 2016. As stated by the Ministry of International Trade and Industry, Malaysia (Miti), exports surpassed economic forecasts of a 20% growth by a significant margin. Explaining the ‘outstanding trade performance in March 2017’, a media release by Miti read, “Malaysia’s trade continued its strong momentum in March 2017, expanding by 31.1% to RM159.86 billion compared with the year before. Higher trade was seen with ASEAN, China, the United States of America (USA), the European Union (EU), the Republic of Korea (ROK) ...