Ghana has fulfilled all its obligations towards the establishment and the setting up of the AfCFTA Secretariat in Accra, following its selection by the AU Assembly. A flagship project of the African Union’s Agenda 2063, the AfCFTAcreates a market of 1.2 billion people with a combined GDP of USD 3 trillion. GHANA PRESIDENT Nana AddoDankwaAkufo-Addo…
The AfCFTA aims to boost intra-African trade by providing a comprehensive and mutually beneficial trade agreement among the member states, covering trade in goods, services, investment, intellectual property rights and competition policy. The African Continental Free Trade Area (AfCFTA) is a flagship project of Agenda 2063 of the African Union, Africa’s own development vision. It…
President of US-India Business Council (USIBC) Nisha Desai Biswal has said India should present its growth vision and why businesses should look to invest in the country at a time when the global economy is beset with challenges.Citing media reports of challenges facing the Indian as well as the global economy, Biswal said the same…
India’s exports shrank for the first time in nine months in June as global trade tension hit shipments and the country braced for the impact of the US withdrawing some benefits. Exports shrank 9.71% last month to $25.01 billion while imports declined 9.06%. The trade deficit narrowed to $15.28 billion from $16.6 billion a year…
The Federation of Bangladesh Chambers of Commerce and Industries (FBCCI) President Sheikh Fazle Fahim said bilateral trade between Bangladesh & India was $9.5 billion in FY2017-18 with exports to India pegged at $0.87 billion and imports, at $8.6 billion. He further added that bilateral trade between the two countries can increase through investments in green…
A huge jump in duty-free garment imports from Bangladesh under the free trade agreement has put the domestic industry in a fix. This comes amidst slowing domestic demand and banks curtailing credit to 80 per cent of MSMEs (micro, small and medium enterprises) in the sector. Import of garments from Bangladesh was up 82 per…
The US dragged India to the WTO by filing a complaint against New Delhi’s move to increase customs duties on 28 American goods, alleging the decision is inconsistent with the global trade norms. According to a communication of the Geneva based World Trade Organisation (WTO), the US said that the additional duties imposed by India…
The RCEP, India most-ambitious trade pact, is currently under negotiation. It includes the 10-nation bloc of the Association of Southeast Asian Nations (ASEAN) and their six free-trade partners — China, India, Japan, South Korea, Australia and New Zealand. The countries working towards finalizing RCEP comprise a quarter of global gross domestic product, 30% of global…
