Ministerial-level talks with India can resolve gold import issue
Manishika MiglaniTalking about the Indian government’s move to impose a countervailing duty of 12.5 per cent on gold imports from the ASEAN countries, Taufik Rigo, 1st Secretary-Economics, Embassy of the Republic of Indonesia, said that Indonesia understands the concerns of India to protect domestic production by taking this step. However, there is a need to have minister-level talks regarding the same if trade is not to be hampered on a broader level, added Rigo. The discussion was held on the lines of “Indonesia Expose 2016: Seizing, Trade, Industry, Tourism, Investment and Services (TITIS) Opportunity from Indonesia” which took place on 7-9 October 2016 in Hotel Le Meridien, New Delhi. The event, which was organised in cooperation with CII, FICCI, Assocham and PHDCCI, ...
Bilateral trade with Indonesia yet to realise its full potential: India
The Dollar Business Bureau Vice President Mohd. Hamid Ansari with the President of Indonesia, Joko Widodo, in Jakarta, Indonesia Describing India and Indonesia “the two largest emerging economies of the world”, Vice President Hamid Ansari said the bilateral trade has not realised its full potential and the two countries should identify new sectors of economic cooperation. Addressing the India-Indonesia Business Forum, in Jakarta on Tuesday, Ansari asked Indonesian companies to invest more in India’s infrastructure and manufacturing sectors “particularly in downstream manufacturing sectors like coal, palm oil and rubber which are exported to India in large volumes”. “Infrastructure development and energy security are key areas for cooperation for emerging economies like India and Indonesia,” he said. The event was attended ...
