Trade Negotiators given Guidelines

The Trade and Economic Relations Committee held its 17th meeting on the 29th April 2011 under the chairmanship of the Prime Minister.

The committee reviewed the status of the India-European Union Bilateral Trade and Investment Agreement and discussed the various issues involved in the negotiations. It was observed that concern has been raised by various quarters about the Indian stand on issues on Intellectual Property Rights, especially in the context of the Indian Pharma products. The Prime Minister firmly directed that the Indian side shall not take on any obligation beyond TRIPS/ Domestic Law.

India-Pak trade talks today

On the eve of Indo-Pakistan trade talks, New Delhi on Tuesday said "possible doables" to upgrade bilateral economic engagement would be clear after the Commerce Secretaries complete their discussion in Islamabad. Describing the India-Pakistan commerce secretaries' talks, beginning tomorrow, as "a positive development," Commerce and Industry Minister Anand Sharma said that, “after these talks, there would be greater clarity about possible doables on ways to upgrade economic ties".

India-Bangladesh Border Haats to be inaugurated in June

 

The Union  Commerce and Industry Minister, Shri Anand Sharma, during his ongoing Bangladesh visit addressed the need to further strengthen economic integration between the two countries.  He noted that private sector investment from India to Bangladesh to the tune of  US $ 3.5 billion is in the pipeline. Increased Indian investments in Bangladesh will provide employment and value addition for Bangladesh exports to the rest of the world.  

Both sides noted that trade has increased significantly between the two sides.  Bangladesh exports have increased 6 times in the last few years.  In the first three quarters of the current year, it has reached the level of US $ 359 million, which is higher than the exports of US $ 304 million last year. India and Bangladesh agreed to take further steps to promote trade and economic cooperation. These include