The minister suggests opening an India trade office in Riyadh and a Saudi investment office in GIFT City, Gandhinagar to facilitate trade and investments between the two countries.
India, Saudi Arabia to double trade to $100 billion: Piyush Goyal
India and Saudi Arabia have signed over two dozen Memoranda of Understanding (MoUs) between private companies in various sectors such as IT, agriculture, pharmaceuticals, petrochemicals, and human resources. The MoUs were facilitated by Invest India and Saudi Arabia’s investment ministry. The Crown Prince congratulated India on a successful G20 presidency and expressed his commitment to […]
The issue came up for discussion during the meeting of Prime Minister Narendra Modi and Brazilian President Luiz Inacio Lula da Silva here at the sidelines of the G20 Summit.
“Our Indian friends said they would propose promising areas they can be invested in,” Lavrov told reporters, citing talks with Indian counterpart Subrahmanyam Jaishankar in Jakarta, Indonesia, on the sidelines of the East Asia summit prior to his arrival to India. “Right now our governments are talking how to use and invest them to mutual […]
Experts say that achieving a fully functional dispute settlement system within the World Trade Organization (WTO) by 2024 will be challenging due to divergent approaches proposed by countries like China and the European Union. The WTO’s dispute settlement mechanism has been non-functional since December 2019, causing delays in resolving trade disputes.
Adopting coherent maritime strategy for G20 nations can have huge economic significance, says Bjorn Hojgaard
2 years ago
Anglo-Eastern Shipping CEO, Bjorn Hojgaard, has called for a coherent maritime strategy among G20 nations, emphasizing the need to streamline visa procedures for seafarers. Hojgaard stated that a maritime strategy is crucial for G20 nations, as they heavily rely on ocean-related business activities for economic growth.
Japan’s Kishida seeks easier investment rules
2 years ago
Indian Prime Minister Narendra Modi and Japanese Prime Minister Fumio Kishida discussed various topics, including the investment climate in India, the status of the Mumbai-Ahmedabad bullet train project, and the India-Japan-Bangladesh trilateral partnership. They met after the G20 Summit and expressed their eagerness to enhance cooperation in connectivity, commerce, and other sectors.
Leaders of India, US, Saudi Arabia, UAE, Europe, and Japan have announced a joint infrastructure deal to connect Asia with Europe via ports and railroads. The project aims to provide a credible alternative to China’s Belt and Road Initiative (BRI) and address concerns of countries falling into a debt trap.
The IMEC will be comprised of two separate corridors, the east corridor connecting India to the Arabian Gulf and the northern corridor connecting the Arabian Gulf to Europe. It will include a railway that, upon completion, will provide a reliable and cost-effective cross-border ship-to-rail transit network to supplement existing maritime and road transport routes – […]
G20 Delhi Declaration: WTO reform, discouraging protectionism, mutually supportive trade and green policies
2 years ago
The G20 reiterated their commitment to reforming the World Trade Organization (WTO) and resolving disputes. They emphasized the need to avoid discriminatory green economic policies and promote fair competition. The G20 also expressed support for positive outcomes at the WTO’s Thirteenth Ministerial Conference.