As Environment Minister Jairam Ramesh faces flak back home for his support to boosting trade with Beijing, the Chinese media has come out in his favour pressing for removal of "needless restrictions" on country's investment in India.
Bilateral investment flows have grown immensely with foreign direct investment into India from the US reaching $28.2 billion last year.
Trade volume between the two emerging economies shrank in 2012 as India's exports to China fell 16 per cent.
Musk said on Friday that he believes India-US ties are "trending positive" and that he favours an enhanced trade partnership between the two nations.
US exports to India have quadrupled, while Indian exports to the US have grown by 180 per cent for the last three years, but despite this India was still only 13th largest trading partner for the US, Consul General of US Consulate, Chennai, Jennifer Macintyre, said in Coimbatore.
Modi was honoured with the 'Order of Zayed', the UAE's highest civilian award, in 2019 as a mark of appreciation for his efforts to boost bilateral ties between the two nations.
India and Mexico have decided to explore the possibility of entering into a Preferential Trade Agreement to improve the bilateral trade, which stood at $1.6 billion at the end of 2006.
Spurred by over 30 per cent jump in India's trade with China, the bilateral exports and imports are expected to touch $10 billion mark soon, Maharashtra Governor Mohamad Fazal said on Thursday.
India should reform its trade policies further and reduce tariffs to boost trade with the United States, Secretary of State for Washington Sam Reed said on Monday.
'We need to raise the costs and consequences for Pakistan. It is long overdue. Our initial surgical strike was effective for about six months. Then, the Balakot strike provided a deterrent for perhaps two to three years. But we cannot operate under the assumption that such limited responses will suffice for decades to come.'
Amid record bilateral trade, China and India have reached "consensus" on goods and services trade, investment and facilitation of investment and economic cooperation as part of their proposed Regional Trading Agreement (RTA).
In January last year, the US signed the first phase of the trade deal with China, which former President Donald Trump described as historic, concluding more than a year of tough negotiations including several months of suspension of talks between the two largest economies of the world.
He urged China to bolster the flow of its tourists to the Maldives.
Posing a series of questions to the prime minister, Congress general secretary in-charge communications Jairam Ramesh also asked if Modi would convey to the US president that India would send its own aircraft -- like Venezuela and Colombia did -- to bring back Indian deportees in the future.
The government on Tuesday approved the draft of India's free trade agreement with Japan, which is likely to be signed during Prime Minister Manmohan Singh's visit to Tokyo later this month.
While Pakistan has been showing considerable interest in having a bilateral trade deal with India that would help them access the country's booming markets, India has stated this can only become a possibility only when it recognises India as their non-discriminatory trading partner, commerce secretary Rahul Khullar told in an interview.
India overtook Canada to become China's tenth largest trading partner in January as monthly trade between China and India soared by 63.3 per cent to $2.63 billion, latest Chinese customs statistics show.
With an intent to give a push to India-Qatar ties, Prime Minister Narendra Modi and Emir Sheikh Tamim bin Hamad Al-Thani on Sunday held detailed talks on a wide range of issues.
Prime Minister Narendra Modi will pay a two-day working visit to the US from February 12 during which he will meet President Donald Trump, the external affairs ministry announced. The visit will give further impetus and direction to India-US bilateral relationship. Prior to his US visit, Modi will be in France from February 10-12 to co-chair the AI Action Summit with French President Emmanuel Macron. He will also visit Cadarache, the site of the International Thermonuclear Experimental Reactor of which India is a partner. During his visit to France from February 10-12, Modi and Macron will also address the India-France CEOs forum. The prime minister and Macron will travel to Marseille where they will inaugurate the Consulate General of India. The leaders will also visit the war cemetery and pay tribute to the sacrifices made by Indian soldiers in World War 1. Modi and Macron will visit Cadarache, the site of the International Thermonuclear Experimental Reactor (ITER). There has been a very close rapport between Trump and Modi, dating back to the US leader's first term. There is a clear convergence of interests between the two countries in several areas, including trade, investment, technology, defense cooperation, counterterrorism, Indo-Pacific security, and people-to-people relations.
Industry body Assocham estimates that trade between India and Pakistan can touch the $10 billion mark by 2010 from $345 million in 2003-04, provided the execution of South Asian Free Trade Agreement is not thwarted and the trade basket is diversified
The much awaited Sino-Indian border trade through Nathula in Sikkim, scheduled to begin on July 6, will initially be a localised and low-key affair.
Chinese President Hu Jintao on Thursday proposed five steps, including trade liberalisation and trade expansion and diversification between India and China, to solidify mutual relationship.
As a prelude to the proposed Free Trade Agreement, India and Bangladesh have agreed on a revised draft of bilateral trade agreement signed in 1980.
New Delhi has reached out to Moscow while waiting for a new president in Washington. New Delhi knows well that in international relations, there are no permanent friends or foes, only permanent national interests, points out Dr Rup Narayan Das.
US Commerce Secretary Gary Locke, who is on a six-day visit to India for furthering the work outlined by US President Barack Obama in November last year.
United States President-elect Donald Trump's plan to overhaul the government with a new department headed by tech billionaire Elon Musk and Indian-origin entrepreneur Vivek Ramaswamy will be a biggest threat for China as it has to compete with far more efficient US political system, a policy advisor to the Chinese government said.
Since multilateral trade creates a stable, peaceful world, normalisation of bilateral trade between India and Pakistan will start a series of peace building measures, especially along the bordering areas of both states which is the worst affected from the on-going conflict, say Riya Sinha and Shehzad Poonawalla.
Describing India as one of the few countries with a major potential for development, the visiting President of Switzerland, Pascal Couchepin.
"It was agreed that the first meeting for this purpose (starting of negotiations for comprehensive economic cooperation agreement) would be scheduled by June or July," India's Commerce and Industry Minister Anand Sharma told reporters at a joint press conference with Australian Trade Minister Craig Emerson in Canberra, Australia.
Gearing up for Trump 2.0 era, Chinese President Xi Jinping on Tuesday cautioned there will be no winner in a tariff or tech wars between China and the United States and vowed that Beijing would firmly safeguard its interests.
India's Foreign Secretary Vikram Misri will travel to Beijing for a two-day trip beginning Sunday, marking the second high-profile visit from India to China in less than one-and-a-half months. The visit comes amidst ongoing border tensions and follows a recent disengagement pact between the two countries in eastern Ladakh. The Foreign Secretary-Vice Minister mechanism meeting will focus on the next steps for India-China relations, including in the political, economic, and people-to-people domains. The decision to revive this bilateral mechanism was taken at a meeting between Prime Minister Narendra Modi and Chinese President Xi Jinping in Kazan in October.
Opposition leaders in India have expressed hope that Prime Minister Narendra Modi raised the issue of the deportation of Indian illegal immigrants from the United States during his recent visit. They criticized the manner in which the Indians were sent back, shackled and handcuffed on a military aircraft. The leaders also discussed the need for India to address the root causes of migration and the importance of national interest in diplomatic relations with the United States.
The decision was taken during the eighth meeting of the India-Sri Lanka Joint Commission in New Delhi on Tuesday. The meeting was co-chaired by External Affairs Minister Salman Khurshid and his Sri Lankan counterpart Prof. GL Peiris.
Taiwan said on Friday it is looking at the possibility of a Free Trade Agreement with India as part of initiatives to increase bilateral trade to $10 billion in the next few years from $2.4 billion in 2004.
France on Wednesday said it would soon initiate steps to forge stronger trade and economic ties with India, with focus on small and medium enterprises, transport and telecommunications sectors.
Russian traders have started asking for payments in ruble for their exports to India in a move that could derail trade between the two countries which gathered pace after the war in Europe. This is because Indian importers are unable to pay in ruble. The India-Russia trade gathered pace after Vladimir Putin invaded Ukraine in February this year. In the April-June quarter, India's imports from Russia were valued at $9.27 billion, up 369 per cent year on year.
The Indo-Italian chamber of commerce and industry is organising a festival 'Festa Italiana' in five major cities, including Delhi and Mumbai, next month as part of efforts to increase trade between the two countries.
China on Saturday said it is close to implementing a key bilateral trade arrangement with India to accord each other preferential tariffs on a range of products that would further boost booming trade ties.\n\n\n\n
Trading of diamonds especially with a gulf country has come under the lens of intelligence agencies here for suspected terror financing and money laundering.
