NEW DELHI, September 28 – BUSINESS STANDARD – India and Myanmar have decided to double their bilateral trade to $3 billion by 2015 by ensuring greater cooperation in sectors such as oil and gas, infrastructure, agricultural products and pharmaceuticals. In order to achieve their estimated target for bilateral trade, both the countries have also plans to strengthen their infrastructure conditions linking both the countries so that trade through land routes could also get some boost. India and Myanmar both countries have already implemented the India-Asean (Association of Southeast Asian Nations) Free Trade Agreement (FTA) since September 1 last year. India had also implemented the Duty Free Tariff Preference (DFTP) scheme for Myanmar in January 2009, under which Myanmar have gained market access for 94 per cent of India’s products at zero duty. Both have also expanded the list of items for border trade from 22 to 40. – BUSINESS STANDARD – The eight Indian industries namely, crude oil, petroleum refinery products, natural gas, fertilisers, coal, electricity, cement and finished steel, comprises about 37.90 per cent of the overall Index of Industrial Production (IIP), which measures industrial growth. As per the calculation, industrial growth had slowed down to a 21-month low of 3.3 per cent in July and that even when the core sector had performed very well. – BUSINESS STANDARD – Boost Investment Group (BIG), a Australian firm, has decided to make entry in to Indian market by next year. The company has its presence in the countries like UK, South Africa, Singapore, and Chile amongst others. In the last year, Boost Juice opened a store at Shanghai in China as well. According to the company’s official, Indian market for boost juice has huge scope as the climatic and economical conditions are very conducive for such type of products. – THE HINDU - According to Makhdoom Muhammad Amin Fahim, Senior Minister for Commerce, Government of Pakistan, who arrived here on 26th September on a five-day visit to India along with 80-member trade delegation of leading Pakistani businessmen across 26 business sector, private sectors in both the countries could play very crucial role in bringing about progress and prosperity in both the countries. During the visit, various issues covering trade, MFN (most favoured nation) status, new bank branches in Pakistan by Indian Banks and free trade in cotton and engineering items would be discussed
Submitted By:-
Priyesh Narain
Researcher
สำหรับรายละเอียดของข่าวข้างต้น โปรดติดต่ิอนาย Priyesh Narain ที่ This email address is being protected from spambots. You need JavaScript enabled to view it.