Prabhu visits Uzbekistan to promote trade, economic ties

NEW DELHI : In line with the Country’s increased focus on intensifying strategic ties with the resource-rich Central Asian Countries, Commerce Minister Suresh Prabhu is leading a business delegation to Uzbekistan to scout for opportunities in sectors such as textiles and garments, pharmaceuticals, agriculture, food processing and engineering goods. While the Minister participated in the
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KOLKATA : The Bangladeshi financial year 2017-18 (July-June) might prove to be a landmark in bilateral trade relations. For the first time trade is set to cross $9 billion mark and Bangladesh’s exports to India will close near $900 million, riding primarily on ready-made garments, according to sources. Though India offered duty-free and quota free
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Following a notification issued by the new DCP (Traffic) Navi Mumbai on August 9, 2018, stopping traffic of the port for a few hours every day, the movement of ex-im containers has been severely impacted, leading to huge traffic congestion, as per trade sources. According to a communiqué from Capt. Umesh Grover, Secretary-General, Container Freight Stations
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Chinese importers are snapping up spot LPG cargoes recently offered by Middle Eastern producers, and have refrained from taking US tonnes, traders said this week, as China prepares to impose a 25% tariff on US propane and butane imports in an escalating trade war between the two nations. Major Chinese propane dehydrogenation plant operator Oriental
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China said on Thursday a delegation would attend the next round of trade talks with US counterparts in Washington later this month, in the latest bid to diffuse a conflict that has set world markets on edge. A Chinese delegation led by Vice Minister of Commerce Wang Shouwen will hold talks with US representatives led
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President Donald Trump prodded China to offer more at the bargaining table as the two countries prepared for their first major negotiation in more than two months in an effort to head off an all-out trade war. “We’re talking to China, they very much want to talk,” Trump said Thursday at a cabinet meeting at
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Advanced economies remain the global leaders in trade logistics, finds Connecting to Compete, a new World Bank Group report released recently. Across the board, most countries have pursued logistics-related reforms and investments to build infrastructure, facilitate transportation and trade, or develop modern services. Despite this progress, the sixth edition of Connecting to Compete reveals a
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Last year, Brazilian farmer Gustavo Lopes sized up his sugarcane plantation against his soybean fields. He looked at global trends, including rising U.S.-China trade tensions and a stubborn sugar-market glut. Then he tore up the last of his cane fields and ditched a decades-old supply contract with a local sugar mill. Lopes planted soybeans across
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The World Trade Organization (WTO) has lowered its prospects for trade growth in the third quarter of 2018 calendar year. The main reason is the sudden dip in export orders globally brought about by an escalating trade war between two of the world’s largest economies, the US and China. In its quarterly forecast of global
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GENEVA: In reference to its previous communication of 19 July about the new 2M strategic cooperation with ZIM on the Asia – US East Coast trade, MSC has announced further details about its revised Transpacific US East Coast network. As previously communicated, there will be a combined operation of five loops between Asia and US
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