Tag: trade

India-Bangladesh relationship towards a healthy hike
22Oct mmBy Brian ThompsonNo Comments
Market

India-Bangladesh relationship towards a healthy hike

Despite being torn apart by geopolitical boundaries, Bangladesh shares a common socio-political heritage with its biggest neighbor India.The people of the two countries cherish more affinities than detachment, which is why India invested tremendous efforts for the cause of the liberation of Bangladesh in 1971, and Bangladesh has always been very thankful to India for that.There have been minimal disturbances and discrepancies in India-Bangladesh relationship since then, and a strong fraternal unity has kept the two countries tied in harmony for decades.Especially, after the advent of the Awami League Government led by the daughter of Bangabandhu, the Prime Minister Sheikh Hasina for the second time in 2008, the relationship between India and Bangladesh has become so strengthened that even ...
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Indian High Commissioner meets Bangladesh Commerce Minister, discusses ways to boost trade relations
30Sep mmBy Joe RodriguezNo Comments
Asia

Indian High Commissioner meets Bangladesh Commerce Minister, discusses ways to boost trade relations

High Commissioner of India to Bangladesh, Riva Ganguly Das met Commerce Minister of Bangladesh, Tipu Munshi and discussed ways to boost trade relations between the two countries."HC Smt. Riva Ganguly Das (@rivagdas) met H.E. Mr. Tipu Munshi, MP, Hon'ble Minister of Commerce on 03 Sep 2020 to discuss meaures to boost #IndiaBangladesh trade relations," Indian High Commission said in a tweet.The Daukandi (Bangladesh) - Sonamura (Tripura) Inland Waterway Protocol route was operationalised on September 3 marking a milestone in India-Bangladesh relations."Bangladeshi vessel, MB Premier carrying cement started from Daukandi on September 3, 2020, and will reach Sonamura on September 5, 2020, traversing 93 km along the river Gumti. This would be the first-ever export consignment from Bangladesh to ...
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China’s ally Pakistan secretly developing trade ties with Taiwan
29Sep mmBy Michael SmithNo Comments
China, Market, USA

China’s ally Pakistan secretly developing trade ties with Taiwan

Pakistan, a close ally of China, is secretly developing trade ties with Taiwan, which showcases its duplicity.In a recent meeting, Sidrah Haque, trade and investment attache at the Embassy of Pakistan in Cairo met with Michael Yeh, the director of Taiwan Trade Centre in Cairo to discuss the trade ties.She tweeted about the meeting along with a picture with Michael Yeh, but later deleted it fearing condemnation by Beijing."Met Mr. Michael Yeh, a veteran commercial officer from Taiwan Trade Center. We spoke of Pakistan-Taiwan trade ties, our shared commercial experience in Cairo and major products of interest in the local market. Always feels good to connect with other trade wings and compare notes!” Sidrah Haque said in her tweet.China has no control over Taiwan but claims it as part of its...
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Nepali company gains expertise while working with Indian firm on railway project
2Sep mmBy Joe RodriguezNo Comments
Asia

Nepali company gains expertise while working with Indian firm on railway project

A Nepal-based company has said that working with Indian company Ircon on Janakpur-Jaynagar railway project has increased their expertise and knowledge in the sector and this experience has made the company more confident to carry out further works in Nepal.“India has the world’s largest railway connection and Ircon looks after these links. While working with them we have become confident that we can carry out further railway construction works in our nation,” said Raman Mahato, Director, Raman Construction.Raman Construction has been given the responsibility to complete the work of embankment and cutting, blanketing work for laying new railway line, construction of major and minor bridges, and any other incidental/ancillary works required in connection to the completion of the work.“Previo...
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India announces $500 million connectivity project, cargo service to boost trade ties with Maldives
31Aug mmBy Joe RodriguezNo Comments
Asia

India announces $500 million connectivity project, cargo service to boost trade ties with Maldives

India has said that it will fund the implementation of the Greater Male Connectivity Project (GMCP) to revitalize the Maldivian economy through a $400 million Line of Credit (LOC) and $100 million grant linking its capital Male with Gulhifalhu Port and Thilafushi industrial zone.A new cargo ferry service will also be launched between the two countries, which will help India replace other countries to become the Maldives’ top trade partner. The measures were announced during a virtual meeting between external affairs minister S Jaishankar and his Maldives counterpart Abdulla Shahid.“Happy to announce the start of regular cargo ferry service between India & Maldives to boost trade and commerce. We are also starting an air travel bubble with Maldives to sustain and promote the dynamic peo...
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## RCEP is China’s strategy to gain access to Indian market ##
30Jul mmBy Brian ThompsonNo Comments
Market

## RCEP is China’s strategy to gain access to Indian market ##

The Government of India has decided “not to review” its stand to not join the Regional Comprehensive Economic Partnership (RCEP), which benefits China disproportionately and opens Indian market to economic threats, especially from Chinese preys.Despite claims that India’s decision is influenced by the initial inaction of China to curb the outbreak of the wide-spread coronavirus, and keeping its information hidden, and the unprovoked killing of 20 Indian soldiers by Chinese troops in a brutal clash on June 15, the Central government has maintained that the recent incidents do not have any bearing on India's decision to not join RCEP. The decision was based solely on economic reasons after multiple Ministerial discussions in November 2019.Most of the countries that are part of the RCEP, incl...
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China’s use of economic sanctions now fail to serve its geopolitical goals
20Jul mmBy Michael SmithNo Comments
USA

China’s use of economic sanctions now fail to serve its geopolitical goals

China's practice of imposing economic sanctions on countries to achieve its own geopolitical goals is nothing new and the regular phenomenon of China bullying others has, in fact, helped other countries to keep several options at bay, said the author of "China's Crony Capitalism", Minxin Pei.Recently, the Chinese Ministry of Culture and Tourism issued an official warning against travel to Australia because of "a significant increase in racist acts and violence against Chinese and Asians in Australia". Two months ago, after Australia had demanded an investigation into the coronavirus outbreak, Beijing imposed an 80 per cent "anti-dumping" tariff on Australian barley, costing Australian 500 million Australian dollars a year.Minxin said Australia is only the latest victim of Chinese bullying....
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Pakistan bars Afghan goods, but exports freely into Afghanistan
15Jun mmBy Mike TrudellNo Comments
Market, Singapore

Pakistan bars Afghan goods, but exports freely into Afghanistan

Afghan traders and merchants on Thursday voiced their concerns about Pakistani products coming into Afghanistan flow as usual, but Afghan business people still not being able to export goods to the Pakistani ports.Merchants called on the Afghanistan government to take action and raise the issue of the barring of Afghan exports with the Pakistani government.“Our trucks have been stopped in Torkham for the past three months, we don’t know what to do, the products are on the verge of destruction,” said Hejratullah Hamdard, a merchant.“We don’t know when the government will take reciprocal action against Pakistan,” said Navid, a merchant.This comes as the harvest of vegetable and fresh fruits are at their peak in Afghanistan, and the Afghan traders are losing millions of dollars because of the...
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China imports plunge, exports fall on virus hit to global growth
7Jun mmBy Michael SmithNo Comments
Asia

China imports plunge, exports fall on virus hit to global growth

China's exports and imports fell in May as the economic slowdown abroad started to take its toll, and after a surprise jump driven by increased demand for anti-epidemic supplies, official data showed on Sunday.Exports from the manufacturing powerhouse fell 3.3% on-year last month, better than the 6.5 per cent slide expected by a Bloomberg poll of analysts.But the return to negative territory came after a surprise 3.5% jump in April, which was partly due to medical exports.Analysts have warned of signs that a larger downturn awaits.Customs data released on Sunday showed a larger than expected plunge in imports on-year, which were down by 16.7%.This was significantly higher than the 7.8% expected by analysts, and down further from the 14.2% drop in April."Export growth rebounded in March and...
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