Sunday, 03 March 2024

 

 

LATEST NEWS Amid Virtual Inauguration by Punjab CM, Mohali gets 35th Aam Aadmi Clinic at Balongi Cabinet Minister Bram Shanker Jimpa initiates sewerage system projects in village Bajwara & Qila Baroon Balkar Singh inaugurates the new bus stand at Dharamkot Bhagwant Mann and Arvind Kejriwal dedicate 165 more Aam Aadmi Clinics in state Use your new ideas and innovations to become active partners in socio economic growth of state: CM exhorts youth Atal Dulloo for taking strict measures against illegal mining Narendra Modi lays foundation stone for multiple development projects worth Rs 21,400 crores in Aurangabad, Bihar Chetan Singh Joramajra inaugurats the completion of the 19 km long Boha Razwahe at a cost of Rs. 22 crores Narendra Modi lays foundation stone for multiple development projects worth Rs 15,000 crores Amit Shah inaugurates the National Urban Cooperative Finance and Development Corporation Limited (NUCFDC) in New Delhi Himachal Pradesh Cabinet Decisions Dated 02-03-24 Lt Governor Manoj Sinha addresses closing ceremony of Rotary Club’s week-long Mega Health Camp in Poonch and Rajouri Districts Lt Governor Manoj Sinha addresses National Commission for Women's event ‘Tu Bol' dedicated to Inspirational Women Lt Governor Manoj Sinha attends ‘Herath Milan Samaroh’ in Jammu Breast cancer awareness program by RBU Lt Governor addresses the inaugural ceremony of the industrial unit of Bloomtex Industries Pvt Ltd Former Member of Parliament, BJP Mahila Morcha delegation call on Lt Governor Lt Governor pays obeisance at Mahalakshmi Temple Pacca Danga Jammu Former Minister, DDC Member Poonch call on Lt Governor Tourism deptt working on renewed plan to make J&K a world famous tourist destination DC Ganderbal Shyambir reviews progress on SWM, Vishwakarma Scheme

 

India assures ASEAN partners of India’s support in its recovery efforts in the post pandemic period : Anupriya Patel

18th ASEAN-India Economic Ministers’ (AEM) Consultations held

Anupriya Patel, ASEAN, India Business Council, AIBC, India Trade in Goods Agreement, AITIGA
Listen to this article

Web Admin

Web Admin

5 Dariya News

New Delhi , 14 Sep 2021

Anupriya Patel, Minister of State for Commerce and Industry and H.E. DatoDr. Amin Liew Abdullah, Minister of Finance and Economy, Brunei Darussalam, co-chaired the 18th ASEAN-India Economic Ministers Consultations held virtually on 14th September, 2021. The meeting was attended by the Economic Ministers of all the 10 ASEAN countries Brunei, Cambodia, Indonesia, Laos, Malaysia, Myanmar, Philippines, Singapore, Thailand and Vietnam.The Ministers took stock of the current pandemic situation and reaffirmed their commitment to take collective actions in mitigating the economic impact of the pandemic and ensuring resilient supply chains in the region. The Ministers appreciated the deepening trade and investment between ASEAN and India and the trade partners’ mutual support in combating the pandemic. India is ASEAN’s 7th largest trading partner and one of the largest sources of FDI.Minister Smt. Anupriya Patel briefed the meeting on India’s current focus on the mass vaccination, capacity enhancements and the economic initiatives to address the pandemic challenges. She highlighted the widespread reforms undertaken by India in various sectors including agriculture, banking, insurance, logistics, corporate laws, investment regime etc. 

She invited ASEAN countries to invest in India in potential sectors, including health and pharmaceutical sector. Ministers also took note of the recommendations of the ASEAN India Business Council (AIBC) to enhance the ASEAN India economic partnership.The meeting actively discussed the early commencement of the ASEAN India Trade in Goods Agreement (AITIGA) Review. The Ministers noted status of the scoping exercise of the review and resolved to complete the process expeditiously to make the agreement trade facilitative, user-friendly with contemporary and streamlined customs and regulatory procedures. Smt. Patel highlighted that the trade arrangement has to be reciprocal, mutually beneficial and should balance the aspirations of both the partners. She emphasized the need for securing the FTA provisions to prevent misuse of the preferential treatment and also highlighted the non-tariff measures faced by Indian exporters in accessing ASEAN market especially in Agriculture and auto sector. Smt. Patel suggested that both sides should make earnest efforts to finalize the Scoping Paper before the ASEAN-India Leaders’ Summit scheduled in October, 2021 and to announce the review before the end of this year. The Minister also requested ASEAN to establish Joint Committees for the Review of the India-ASEAN Services and Investment Agreements without any delay.Minister Smt. Patel underscored the importance India attached to its economic partnership with ASEAN and the strong historical and cultural ties between the partners and assured ASEAN of India’s support in its recovery efforts in the post pandemic period.

 

Tags: Anupriya Patel , ASEAN , India Business Council , AIBC , India Trade in Goods Agreement , AITIGA

 

 

related news

 

 

 

Photo Gallery

 

 

Video Gallery

 

 

5 Dariya News RNI Code: PUNMUL/2011/49000
© 2011-2024 | 5 Dariya News | All Rights Reserved
Powered by: CDS PVT LTD