Search Result for : Trade Barriers

The Dollar Business Bureau The US President urged the Indian Prime Minister to relax the trade barriers in order to reduce their trade deficit. Speaking to the media at the historic Rose Gardens in the White House both the leaders appeared to be at ease with one another and read out statements that portrayed the importance of a  strong US-India relationship. Watched by the world media, both the leaders stressed the strong commitment being made towards bilateral relations.  Prime Minister Modi said, “I deeply appreciate your strong commitment to the enhancement of our bilateral relations. I am sure that under your leadership a mutually beneficial strategic partnership will gain new strength, new positivity, and will reach new heights."  President Trump during his address made it ...

The Dollar Business Bureau  The Indian Prime Minister who visited the US and met the American President Donald Trump on June 26, also had a closed-door meeting with 20 top US CEOs the very same day. Many CEOs, according to Mukesh Aghi, President of US India Business Council (USIBC) who spoke to the Indian media, reiterated their ‘commitment to investing in India a very large amount.’ ‘Almost half a dozen of them made a very large dollar commitment,’ Aghi said, refusing to divulge the details of the amount and the names. The meeting which lasted for 90 minutes, ended on a positive, win-win note he said.  The PM had responded favourably to all the questions that the CEOs raised, which revolved around defence, ...

PTI President Donald Trump was set to sign an executive order issuing directions to review all international trade agreements inked by the US, including the WTO, in a bid to address trade "violations and abuses". The order will not just outline the problem, but will also provide alternative solutions to them. "As far as I can tell there has never been a systematic evaluation of what has been the impact of the World Trade Organisation (WTO) agreements on the country as an integrated whole. So it's trying to find violations and abuses," US Commerce Secretary Wilbur Ross told reporters at a White House news conference. "It calls for a report within 180 days. It calls for not just outlining the problem ...

Source: PIB, Government of India Parliamentary Consultative Committee (attached to the Ministry of Commerce & Industry) held its meeting at Goa on Friday and reviewed India’s trade performance during the current financial year. The meeting was chaired by Commerce Minister Nirmala Sitharaman and was attended by Dinesh Trivedi, MP(Lok Sabha), Jyoti Dhurve, MP(Lok Sabha) and Ajay Sancheti, MP(Rajya Sabha). Director General, Foreign Trade (DGFT) Anup Wadhawan apprised the committee of the India’s trade performance in the current financial year. DGFT also gave a detailed presentation highlighting the important provisions of Foreign Trade Policy 2015-2020. He gave a summary of the export performance during the period April-September, 2015. He informed that Exports during this period have decreased by 17.6 %. Imports decreased by 14.2 % Trade ...

USA's exports to and investment in India could increase by up to 66% without trade and non-trade barriers, according to a new report commissioned by the House Committee on Ways and Means and the Senate Committee on Finance Bidhu Bhushan Palo | The Dollar Business Ahead of President Barack Obamas visit to India next month and amid hectic consultations on Indo-US trade, the U.S. International Trade Commission (USITC) has released a new report which claims that Indias imports from USA have remained much below potential mainly due to policy barriers in India. India runs a trade surplus of around $16.6 billion with USA, but this could shrink to a mere $2 billion, if India takes corrective steps, says the USITC in its ...