Ethiopia
(Source : Embassy of India, Addis Ababa)
Digital Video Conference between IBF members and Minister of Commerce and Industry, Government of India: In view of strengthen the bilateral relationship a video conference between IBF members and Minister of Commerce and Industry has been held in the Embassy chancery on May 22, 2019. Prior to the Video conference, H.E. Ambassador has made a remark on some of the developments by the embassy among which the follow up with Ethiopian Investment Commission (EIC) by the Embassy has given a fruit full feedback in which EIC insures that the ultimate focus is solving issues of existing foreign investments. IBF convener Mr. Mayur Kother has introduced the new Executive IBF members. IBF members have also detailed discussion with Ambassador with current issues concerning their business. On the Video conference H.E. Ambassador has pointed out the bilateral trade and investment relationship between Ethiopia and India. He pointed out that a US$ 2 billion Investment and a total of US$ 1.2 Billion trade relationship has been maintained with Ethiopia and briefly stated the challenges on Foreign exchange and logistics and opportunities on agriculture and Banking sector. IBF convener Mr. Mayur Kothari added that there is a huge trade deficit between the two countries and to narrowing this he suggested considering some of the trade restriction on commodities from Ethiopia like Sesame seeds and pulses. From the Ministry of Commerce and Industry, JS (E&SA) said it was a useful interaction and there is a possibility for Ethiopia to be a source of Chickpea to India and want to know more about the AGOA agreement considering other commodities than Textile.
Mozambique
(Source : High Commission of India, Maputo)
Companies to invest over US$ 90.5 million, create 5 000 jobs: On May 13, Prime Minister Ambrose Mandvulo Dlamini revealed that he aims to create 10,000 jobs annually for the next four years. On May 16, Commerce Industry and Trade Minister Manqoba Khumalo announced that eight companies will be opening up business in the country, while one of them will be expanding its operation. These companies will invest about US$ 90.5 million into the Eswatini economy. About 3,439 direct jobs will be created, as well as about 1,800 indirect jobs would come as a result of their operation, so in total it would be creating more than 5000 jobs. This would mean already government is past half of its target for the year of 10,000 jobs. The Ministry of Commerce, Industry and Trade worked jointly with the Eswatini Investment Promotion Authority in luring the investors into the country. The companies are from different sectors range from clothing brands, farming to medical entities.
Switzerland
(Source : Embassy of India, Berne)
India and Switzerland Trade Relations
India – Switzerland Trade Figures: During the period from Jan – Dec 2018, Switzerland’s imports from India stood at USD 1,876 million (with Precious Metals), exports to India stood at USD 17,820 million (with Precious Metals) and the total trade with India was USD 19,696 million (including Precious Metals). Total India – Switzerland trade as percentage of Switzerland’s total trade in Jan – Dec 2018 was 3.34% as compared to 3.76% in Jan – Dec 2017.
Science & Technology
Switzerland and India agree closer scientific cooperation: On 30 April 19, the 5th meeting of the Switzerland-India Joint Science Committee took place in Bern. It was cochaired by Secretary DST Prof. Ashutosh Sharma and Swiss State Secretary of SERI Dr. Martina Hirayama.
India and Liechtenstein: Trade Relations
Trade Figures: During the FY 2017 - 2018, India’s import from Liechtenstein stood at USD 1.6 million and registered a growth of 86.44% in comparison to FY 2016 - 2017 (USD 0.86 million); FY 2017 - 18, India’s export to Liechtenstein stood at USD 2.8 million, with growth rate of 280.56% in comparison to FY 2016 - 2017 (USD 0.73 million).
Thailand
(Source : Embassy of India, Bangkok)
Thailand joins India for RCEP unlocking
Prachachart Turakij 29.05.2019
The trade war affects many countries across the world, including Thailand. Thailand has planned to rely more on India which is one of the most important markets in the world. India now has over 1,200 million populations with over 75 percent are new generation people. India’s economy is expected to expand over 7 percent in 2019. India’s government has also come up with ‘Make in India’ policy to promote India investment. Thailand-India trade in 2018 had the total value of 12,464 billion dollars, expanded up for over 20.16 percent from many products such as rubber, fresh and processed fruits, automobile part and others.