1.   

Supportive environment aids trade growth - Anand Sharma

India’s Minister of Commerce, Industry and Textiles, was in Moscow over the weekend. At a press-conference at the Ritz Carlton, he shared his views on the most important issues on the Indo-Russian business agenda. o increase bilateral trade between India and Russia, the governments have to create an enabling and supportive environment, Anand Sharma said on Saturday. “By setting this environment we encourage trade to take place.

2.   

India, European Union open new round of talks on FTA

India and the European Union (EU) on Monday opened a new round of trade talks in an attempt to overcome their remaining differences, which have been holding back the signing of a long-awaited free trade agreement ( FTA).Union Minister for Commerce and Industry Anand Sharma held discussion with EU Trade Commissioner Karel De Gucht at the European Commission building in Brussels, a commission spokesperson said.

3.   

India-China bilateral trade projected at $100 bn by 2015

The two-way trade between India and China is expected to touch $100 billion by 2015, 50.6 % higher than $66.4 billion recorded in 2012. "Our target for bilateral trade between India and China is $100 billion by 2015 compared to $66.4 billion in 2012. Trade volume between the two countries had declined to $66.4 billion from $73.9 billion in 2011”, Zhang Lizhong, Chinese consul general in Kolkata said during an interactive session organized here by the Indian Chamber of Commerce (ICC).

4.   

Commerce Dept seeks more funds from FinMin for trade policy

The Commerce Department is demanding more funds from the Finance Ministry for this year’s annual foreign trade policy (FTP) on the ground that improved revenue collections could fund a more ambitious incentive package for exporters beyond the Rs 3,000-3,500 crore agreed to so far. Commerce Department officials are in talks with their Finance Ministry counterparts on expanding the proposed basket of schemes and benefits for exporters.