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India Committed Towards The Development Of Iran’s Chabahar Port

Afghanistan Ambassador to Tehran Abdul Ghafoor Liwal says his country plans to increase commodity transit through Iranian Chabahar Port. Liwal made the remarks in a meeting with the Chairman of the Board of Chabahar Free Trade–Industrial Zone Organization Abdolrahim Kordi. According to the official, following the country’s plans for boosting trade in Chabahar, setting up an Afghan bank branch in ...

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Pakistan Committed To Facilitate Transit Trade With Afghanistan

Prime Minister Imran Khan has expressed its commitment to facilitate transit trade of Afghanistan. He said this while chairing a meeting to review issues related to Pak-Afghan Transit Trade in Islamabad. The Prime Minister directed to ensure that the arrangement is not misused and does not hamper the growth of Pakistani industry. Reiterating that the growth of industry and boosting ...

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Bhutan To Introduce SDF For Regional Tourists

Travel trade operators in eastern India are apprehending strong impact on their business following change in the tourism entry fee policy of Himalayan country Bhutan. Currently, Bhutan charges every foreign visitor $250 per day including $65 ‘Sustainable Development Fee (SDF)’ and $40 visa charge. But ‘Regional Tourists’ from India, Bangladesh and Maldives need not pay SDF or visa fee. Bhutan ...

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Indian And Bangladesh Enhance Trade Ties

India’s ties with Bangladesh are also significant in terms of trade, which touched $10 billion last year. Even though it is highly skewed towards India — in a 9:1 ratio — Bangladesh’s largest item of import from India is cloth and yarn, which has powered that nation’s huge exports of ready-made textiles across the world. India also imports several of ...

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U.S. Purchases From Vietnam On The Rise

Vietnam’s exports to the United States were 35% higher in the first nine months of 2019 compared to the first nine months in 2018. At the same time, trade expert Michael Ryan explains, various “factors are lengthening the delivery cycle to consumers” from Vietnam. This means U.S. residents are buying much more stuff from Vietnam, and it is taking longer ...

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Former Australian Prime Minister Roots For Bilateral FTA With India

Former Australian Prime Minister Tony Abbott has called for India and Australia to restart talks for a bilateral free trade agreement (FTA). Abbott, who oversaw the signing of Australia’s free trade pacts with China, Japan and South Korea had done his best as Prime Minister to promote free trade but was keener on bilateral deals. Prime Minister Narendra Modi and ...

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Role Of SMEs In Defence Industries In India

Small and Medium Enterprises (SMEs) play a vital role in the economic development of all countries worldwide. SMEs account for 90% of business establishments and half or more of the output and export share, and generate employment opportunities close to 70% of the labor force. Hence, it is no surprise that globally SMEs are an indispensable part of the supply ...

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Chile invites Indian IT companies to partner in country’s development

Applauding India’s growth in the Information Technology (IT) sector during the last decade, the Chilean president said Indian companies could partner with Chilean companies to build global projects. Chilean President Michelle Bachelet,who came to India on 16th March for a five-day official tour, was speaking at a function in Chennai, organised by the IT industry lobby, National Association of Software and Service Companies ...

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Spain creates 6 bln euro credit line for SMEs

Spain will create a new 6 billion euro ($7.6 billion) credit line for small and medium-sized companies, Deputy Prime Minister Maria Teresa Fernandez de la Vega said on 6th March . The fund marks the latest move by Spain’s government to channel state credit to small businesses that are struggling to gain bank loans during the global crisis. (Reporting by ...

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Ulster Bank unveils £250m fund to help struggling companies

The Ulster Bank on 5th February set up a £250 million Regional Fund to support small and medium sized companies in Northern Ireland through this year. The locally administered fund is part of a £3 billion SME package the Ulster’s parent company, Royal Bank of Scotland is making available through 12 regional funds across the UK. The move was announced ...

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