Indian Prime Minister Narendra Modi and Saudi Arabian Crown Prince Mohammed bin Salman Al Saud held discussions on expanding bilateral trade and defense ties. They co-chaired the first meeting of the India-Saudi Arabia Strategic Partnership Council (SPC).
India, Saudi Arabia pledge to expand trade, defence ties
British Prime Minister Rishi Sunak has expressed his desire for a free trade agreement (FTA) with India following discussions with Prime Minister Narendra Modi. Sunak, who recently visited India for the India-led G20 Summit, highlighted his three key aims for the visit: increasing diplomatic pressure on Russian President Vladimir Putin, climate action, and strengthening ties […]
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 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 […]
“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 […]
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.
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.
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.
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.
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 – […]