India is set to review the Bilateral Air Service Agreement (BASA) with Nigeria so that airlines can operate non-stop flights to both countries. Indian High Commissioner Mahesh Sachdev said direct flights were necessary as trade and investment between the two countries now stands at USD26 billion.
In an important step that will scale up their economic ties, India and Israel will hold the fifth round of negotiations over a free trade area (FTA) agreement in New Delhi from August 14. The negotiations, to be held from August 14 to 16, will be led by DS Dhesi, Joint Secretary in the Indian Commerce Ministry and Ohad Cohen, Deputy Director General of the Israeli Ministry of Industry and Trade.
The India-Sri Lanka CEOs Forum will hold its first meeting on August 4 in Colombo, Sri Lanka. The forum, which has been set up to develop a road map for increased cooperation and mutually beneficial economic partnership between the two countries, will deliberate ways and means to enhance trade and investments between the two countries.
Stronger trade ties with India are 'clearly a new track that expands the potential for positive contact', said a Pakistani daily, noting that trade creates a traction all of its own. There is a sense that 'relations with India really are improving, and that the Confidence Building Measures (CBMs) that started their life as paper proposals are gaining substance and reality', said an editorial in the News International.
India will host its maiden dialogue with a troika of Latin American and the Caribbean (LAC) countries on August 7, an important step that will elevate ties with the resource-rich region amid China's growing foray.
Anand Sharma, Indian Union Minister of Commerce, Industry and Textiles, is all set to lead a high-level delegation to Sri Lanka on August 3, reports Zee News India. During his visit, Sharma will explore the possibilities of improved economic and trade co-operation between the two countries.
Asserting that India and China are not rivals, Chinese Consul General Niu Qingbao said that both countries are rather partners in development. "China and India have been in the news for many years, first because both are fastest-growing major economies, which lead some to predict that we will dominate the world. We have border disputes that had resulted in what strategists term as 'unavoidable confrontation' or 'rivalry' between us," Niu said while addressing a seminar.
India's Ambassador Dinesh K Patnaik pledged to urge Indian airlines to operate direct flights to Cambodia in order to boost bilateral relations in trade, investment and tourism. The ambassador made the remarks during a meeting with Cambodian Deputy Prime Minister and Foreign Minister Hor Namhong.
The India Union Tourism Minister, Subodh Kant Sahai, and the Minister for Tourism of Mauritius, Yeung Sik Yuen, discussed ways to boost tourism in both countries at their meeting in New Delhi, reports Business Standard.
India is seeking to invest in Ghana's oil and gas sector and double trade with West Africa to USD40 billion by 2015, as part of its growing efforts to play a larger role in the development of Africa as a whole. "We have a keen interest in Ghana's developing hydrocarbon sector, and would discuss this and other sectors for close cooperation," Commerce and Industry Minister Anand Sharma said after opening a Indian trade expo in Accra recently.