Import and Export Licensing Procedures in India
Aug. 20 – India’s import and export system is governed by the Foreign Trade (Development & Regulation) Act of 1992 and India’s Export Import (EXIM) Policy. Imports and exports of all goods are free, except for the items regulated by the EXIM policy or any other law currently in force. Registration with regional licensing authority […]
Understanding China’s “Fapiao” Invoice System
What are the differences between “general invoices” and “special VAT invoices” in China? Aug. 16 – In China, invoices (or “fapiao” in Chinese) are more than just ordinary receipts. Contrary to other countries, where invoices are usually used simply to record a transaction, in China they are also the way in which the government monitors the […]
China and India Hold Talks on Central Asia
Aug. 15 – This week, India and China held official talks for the first time regarding their respective approaches towards Central Asia. The talks represent further bilateral engagement with regard to regional cooperation, despite their occasional competing interests. India and China are both geographically close to Central Asia, and both countries have already established close […]
China to Attend British Commonwealth Meetings in Sri Lanka
Aug. 15 – The Commonwealth of Nations has invited China to attend the intergovernmental organization’s Commonwealth Business Council meeting, which will be held this November in Sri Lanka. Several other non-Commonwealth countries have also been invited, including Japan, South Korea and Russia. The business council forum will be held during the Commonwealth Heads of Government […]
India Asserts Authority Over China In Aircraft Carrier Stakes
Regional Sea Power Balance Shifting To Delhi Aug. 14 – India has shown off its new aircraft carrier INS Vikrant, which was unveiled at the Indian naval shipyard in Cochin, Kerala, on Monday. The successful unveiling of the carrier means India has beaten its regional rival China to join the four states able to design […]
Rising Demand for Solar Energy in Asia
Aug. 9 – Asia has seen a recent influx in solar-panel shipments over the last quarter thanks to the increased use of solar energy by the Chinese and Japanese governments, with three of the world’s four largest producers having exceeded quarterly sales projections by as much as 32 percent. The three companies, Canadian Solar Inc., […]
Vietnam Addresses Trade Deficit With China
While both countries have benefited from a meteoric rise in bilateral trade, in recent months Vietnamese leaders have sought to address the trade deficit that exists with China.
Sri Lankan Investment Zones & Ports Becoming Strategically Important
Aug. 5 – The redevelopment of Sri Lanka as a production, processing and export manufacturing destination is continuing following the end of its recent war. As evidence of this progress, the Suriyawewa Investment Promotion Zone (SIPZ) is to be built at Hambantota Port in the island’s southeast area, and is expected to attract over US$400 […]
New State to be Established in India
Aug. 2 – The Indian central government has agreed to establish the new state of Telangana after congress’ ruling-party coalition gave its endorsement. As the country’s 29th state, Telangana will be formed by splitting the coastal state of Andhra Pradesh into two regions. Of the 23 districts that are currently a part of Andhra Pradesh, […]
European Union-India Trade Relations
By Nathan Barlow Aug. 1 – During 2003-2011, the value of trade between the European Union (EU) and India nearly tripled from US$38.2 billion to US$105.9 billion, pushing the EU into the forefront as India’s leading trade partner. In fact, EU-India trade amounted to about 9.9 percent of India’s total bilateral trade just last year […]