New Delhi, June 4 (IANS) India- Oman Comprehensive Economic Partnership Agreement (CEPA) carries strategic value beyond trade by offering mechanisms to mitigate risks tied to the Strait of Hormuz, a report has said.Oman’s unique geographic position, stretching from the Arabian Sea to areas adjacent to the Hormuz choke point, and its port and logistics infrastructure provide India with alternative maritime access points, the report from India Narrative said.”This also allows New Delhi to engage…
Latest Comprehensive Economic Partnership Agreement News & Updates
New Delhi, June 1 (IANS) India has become only the second nation, after the US, to secure a Comprehensive Economic Partnership Agreement (CEPA) with Oman, the government said on Monday, as the trade pact came into force, marking a defining milestone in bilateral economic relations and opening a transformative new chapter in strategic trade and investment cooperation between the two countries.Commerce and Industry Minister Piyush Goyal said that the CEPA marks a defining milestone in India’s en…
New Delhi, June 1 (IANS) India’s merchandise exports to Oman are officially targeted to grow by 50 per cent over the next three years, as the Comprehensive Economic Partnership Agreement (CEPA) with the Gulf nation came into force on Monday.The agreement aims to drive merchandise exports from the baseline of roughly $4.06 billion past the $6 billion mark, with a medium-term goal of reaching $10 billion.Oman has offered zero-duty access on 98.08 per cent of its tariff lines, covering 99.38 per ce…
New Delhi, May 30 (IANS) Union Commerce and Industry Minister Piyush Goyal on Saturday shared highlights of his visit to Canada and said that engagements reaffirmed “the renewed momentum in India-Canada relations”.In a social media post titled “Glimpses of my highly productive visit to Canada”, Goyal said that the visit also reaffirmed “shared commitment to advancing mutual growth and prosperity”.The video posted by Goyal shared glimpses of his meetings with Canadian PM Mark Carney, Canada’s M…
Washington, May 26 (IANS) Calling India and Canada trusted democratic partners, Union Commerce and Industry Minister Piyush Goyal on Tuesday urged businesses from both countries to deepen engagement as New Delhi pushed for stronger economic cooperation with Ottawa. Addressing the opening Ministerial Plenary Session titled “From Political Reset to Commercial Delivery” in Toronto alongside Canadian Minister of International Trade Maninder Sidhu, Goyal said India and Canada shared “tremendous…
Toronto/New Delhi, May 26 (IANS) Commerce and Industry Minister Piyush Goyal on Tuesday addressed the opening Ministerial Plenary Session, titled ‘From Political Reset to Commercial Delivery,’ in Toronto, Canada.Addressing the event in the presence of Maninder Sidhu, Minister of International Trade of Canada, Goyal spoke about India’s continued efforts to enhance ease of doing business and create an investor-friendly environment and invited businesses and industry leaders from Canada to be act…
Washington/Ottawa, May 26 (IANS) India and Canada have signalled a rapid reset in bilateral ties, with leaders from both countries expressing optimism about concluding a long-pending free trade agreement by the end of this year while sharply expanding trade, investment and business cooperation.Canadian Prime Minister Mark Carney said negotiations on a free trade agreement with India would be “a game changer for Canadian workers and businesses”.”We’re negotiating a free trade deal with India. Thi…
Washington, May 25 (IANS) India and Canada are aiming to nearly double bilateral trade to $50 billion within the next five years as both countries push to reset economic ties and fast-track negotiations on a comprehensive trade pact, India’s High Commissioner to Canada, Dinesh K Patnaik, said in an exclusive interview to IANS.The comments come ahead of Union Commerce and Industry Minister Piyush Goyal’s visit to Canada from May 25–27, accompanied by one of the largest Indian business deleg…
Washington, May 25 (IANS) India and Canada have moved from an “antagonistic” phase to an “extremely friendly” one, with security agencies, political leadership and businesses now working closely together, India’s High Commissioner to Canada, Dinesh K. Patnaik, said in an exclusive interview to IANS. “The relationship really changed in the last few months from being antagonistic to being extremely friendly. Right now things are going well,” Patnaik told IANS in an interview ahead of the visit o…
New Delhi, May 23 (IANS) Commerce and Industry Minister Piyush Goyal will visit Canada from May 25-27 with a delegation of nearly 150 industry leaders to boost bilateral economic and trade ties, it was announced on Saturday.India and Canada aim to reach $50 billion in bilateral trade over the next five years.In a news briefing, Goyal said India expects to sign a free trade agreement (FTA) with Canada, covering sectors such as energy and critical minerals. The discussion woul…