After lengthy second round of talks in Washington, the two sides issued a joint statement early today vowing not to launch a trade war against each other. “We’re putting the trade war on hold. Right now, we have agreed to put the tariffs on hold while we try to execute the framework,” US Treasury Secretary … Read more
Based on the directions of Chinese President Xi Jinping and U.S. President Donald Trump, the Chinese and U.S. delegations conducted constructive consultations on trade issues on Thursday and Friday, the statement said. The two sides agreed to take effective measures to substantially decrease the U.S. trade deficit in goods with China. China will significantly increase … Read more
Mnuchin, who is also the U.S. President’s special envoy, is meeting with Chinese Vice Premier Liu He, a member of the Political Bureau of the Communist Party of China Central Committee, who is heading the Chinese side. The talks, which run until Friday, are focused on the root cause of the strained trade relations between … Read more
Prabhu was leading a high-level business delegation to Johannesburg to participate in the two-day summit from April 29-30. “We feel that there is a huge potential that exists between these two regions,” Prabhu said as he shared the platform with his counterparts form Botswana, Swaziland, Lesotho and Mozambique at the summit. Prabhu said there had … Read more
Both countries agreed to initiate a comprehensive review of bilateral trade treaty by July 2018. The treaty which governs bilateral trade was last revised in 2009. The two sides also discussed amendments to the bilateral Treaty of Transit signed in 1999 to further facilitate transit movement of Nepal’s trade with third countries. Since most of … Read more
New Delhi: China on Monday promised to address the issue of its massive trade surplus with India and work towards a more balanced trade relationship, while urging greater focus on the Regional Comprehensive Economic Partnership (RCEP) negotiations at a time of increasing protectionist trends globally. This was stated in an Indian Commerce Ministry release following … Read more
Mumbai : The benchmark BSE Sensex dropped by 57 points to 33,194.35 in early trade today after banking, telecom, auto, oil & gas, and pharma stocks declined following weak global cues. The 30-share index declined by 56.58 points or 0.17 per cent to 33,194.35. The gauge had gained 32.12 points in yesterday’s highly volatile session. The … Read more
