“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 […]
India to offer Russia to invest trapped Rupees, Foreign Minister Sergei Lavrov says
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 – […]
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.
Modi and Sunak discuss progress of India-UK FTA negotiations, hope to iron out differences at the earliest
2 years ago
Indian Prime Minister Narendra Modi and British Prime Minister Rishi Sunak have pledged to work towards a free trade agreement (FTA) during their meeting on the sidelines of the G20 Leaders’ Summit in New Delhi. They discussed cooperation in defence technology, innovation, and consular issues. Sunak expressed the UK’s ambition to deliver a trade deal […]
The six disputes which have been already settled include countervailing measures on certain hot-rolled carbon steel flat products from India, certain measures relating to solar cells and modules, measures relating to the renewable energy sector, India’s export-related measures, certain measures on steel and aluminium products, and additional duties on some products from the US.
The remarks assume significance as the 12th round of talks concluded last month between the officials of the two countries. The talks for the agreement were launched in January 2022. According to the report, Sunak has said that he would not set a deadline for the conclusion of negotiations. Progress has been made, but “we […]