India's rice exports to China have been virtually cleared. The assurance from Beijing came when Indian Prime Minister Manmohan Singh met with his Chinese counterpart Wen Jiabao in the Brazilian port city of Rio De Janeiro on June 20, on the margins of the Rio+20 Summit.
Observing that non-tariff barriers (NTBs) and para-tariff barriers (PTBs) were hindering India-Bangladesh trade, a Bangladeshi diplomat called for increased dialogue between the countries to solve the issues.
A 10-day Indo-German Urban Mela (fair) will unfold in Bangalore from June 22 onwards, to commemorate 60 years of both the countries establishing diplomatic relations and showcase a blend of science, technology, culture and entertainment.
Slovenia wants to double its bilateral trade with India in the next three years, the central European country's envoy said. Bilateral trade between India and Slovenia stood at USD276 million in 2010-11.
India is Indonesia's fourth-largest trading partner. Bilateral trade between the countries is expected to zoom from USD20 to USD45 billion by 2015, Indonesian ambassador Andi M Ghalib has said. "India is at number four now, after China, the US and Japan. Very soon, it will overtake Japan and even the US. In the next five years, it will be a major trading partner," Ghalib told IANS in Shimla.
Against the backdrop of the impending leadership transition in Beijing, India and China on June 6 voiced hope that the upswing in bilateral relations will continue under the new dispensation as New Delhi pitched for greater Chinese investment in infrastructure.
Two trade bodies of India and Pakistan signed an agreement to boost trade and people-to-people contact between the two countries, an official said. A memorandum of understanding (MoU) between the PHD Chamber of Commerce and Industry (PHDCCI) and the Rawalpindi Chamber of Commerce and Industry was signed in Shimla, PHDCCI President Sandip Somany said in a statement.
Amid mounting Western pressure, India has underlined that unilateral sanctions should not impact upon its 'legitimate trade interests' with Iran, as Tehran urged New Delhi to hike its crude oil purchases. Barely a month before the US and EU sanctions against Tehran become operational, India described Iran as 'a key country' for its energy needs.
Indians may soon be able drive down to Myanmar and do business with a country that is perfectly situated to play the role of an economic bridge between India and China and between South and South-East Asia. Indian Prime Minister Manmohan Singh went on a three-day official visit to resource-rich Myanmar that ended on May 29 - a trip that saw the inking of a dozen agreements that would improve connectivity, expand trade and forge intellectual links through their think-tanks.
Manmohan Singh goes to Myanmar on May 27 on a three-day visit, the first trip to the Southeast country by an Indian prime minister in a quarter century, during which the two countries are expected to seal new initiatives to expand trade, connectivity and energy co-operation. Singh will meet pro-democracy icon Aung San Suu Kyi in Yangon and invite her to visit India.