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Bilateral Trade

All articles tagged with #bilateral trade

international-relations2 years ago

"India and Greece Forge Strategic Partnership for Enhanced Cooperation"

India and Greece have upgraded their relationship to a strategic partnership, focusing on expanding political, defence, and security cooperation. During Indian Prime Minister Narendra Modi's visit to Greece, the two countries agreed to boost defence industries and military ties. They also discussed terrorism, cybersecurity, and set a target of doubling bilateral trade by 2030. Additionally, they condemned terrorism in all its forms and expressed support for a free and rules-based Indo-Pacific and Mediterranean Sea.

via IndiaTimes|
#bilateral-trade#defence-cooperation#greece
international-trade2 years ago

"Modi's Visit to UAE: Rupee-UAE Dirham Trade Mechanism Set to Launch"

India and the United Arab Emirates are expected to announce the launch of a rupee-dirham payment mechanism to settle bilateral trade during Prime Minister Narendra Modi's visit to Abu Dhabi. The mechanism will be used to pay for oil and other imports from the UAE, reducing transaction costs by eliminating dollar conversions. Bilateral trade between the two countries was $84.5 billion in 2022/23, and India aims to establish similar local currency arrangements with other nations to boost exports. The Reserve Bank of India will provide guidance for banks on rupee trade in the coming days.

via Reuters|
#bilateral-trade#international-trade#narendra-modi
international-relations2 years ago

South Korea and Vietnam to strengthen efforts against North Korea's nuclear threat.

South Korea and Vietnam have agreed to increase security cooperation to counter North Korea's nuclear threat and boost bilateral trade and investment despite a slump this year. The two nations signed 17 agreements on issues ranging from critical minerals to Vietnamese workers in Korea. They also agreed to boost defence industry relations and security cooperation in the South China Sea. South Korea is one of many countries discussing possible arms sales to Vietnam as it seeks to modernise its arsenal.

via Yahoo News|
#bilateral-trade#international-relations#north-korea
politics2 years ago

Iran and Cuba unite against US imperialism in Latin America

Iranian President Ebrahim Raisi met with Cuban counterpart Miguel Diaz-Canel on Thursday, vowing to boost cooperation in various sectors, including electricity generation, biotechnology, and mining. The two countries also signed administrative agreements to strengthen cooperation between their ministries of justice, customs agencies, and telecommunications. Raisi's visit to Cuba is part of his three-nation Latin American tour aimed at shoring up support among allies facing U.S. sanctions. Diaz-Canel praised Iran as a friendly nation in the Middle East, while Raisi called his visit a "turning point" in relations with Iran's key Latin American allies.

via Reuters.com|
#bilateral-trade#cuba#iran
politics2 years ago

Iran and Cuba unite against US imperialism

Iranian President Ebrahim Raisi met with Cuban counterpart Miguel Diaz-Canel on Thursday, vowing to boost cooperation in various sectors, including electricity generation, biotechnology, and mining. The two countries also signed administrative agreements to strengthen cooperation between their ministries of justice, customs agencies, and telecommunications. Raisi's visit to Cuba is part of his three-nation Latin American tour aimed at shoring up support among allies facing U.S. sanctions. Diaz-Canel praised Iran as a friendly nation and reinforced Cuba's ties with Russia and China, both subject to U.S. sanctions.

via Yahoo News|
#bilateral-trade#cuba#iran
international-trade2 years ago

Iran's President Raisi strengthens ties with Venezuela during South America tour.

Iran and Venezuela signed a memorandum of understanding to expand cooperation in petrochemicals with a view to carrying out joint projects, building on their already-close cooperation in oil. The two countries want to increase bilateral trade to $20 billion, up from $3 billion. The governments provided no details of the petrochemical deal. The Caracas visit is the first stop on a Latin American tour by Iranian President Ebrahim Raisi, who will also travel to Cuba and Nicaragua.

via Reuters|
#bilateral-trade#cooperation-deals#international-trade
business2 years ago

Brazil and China agree to trade without US dollar.

Brazil and China have agreed to ditch the US dollar in their trade transactions, exchanging yuan for reais directly. The deal is expected to reduce costs and promote greater bilateral trade and investment. China is Brazil's largest trading partner, accounting for more than a fifth of all imports, followed by the United States. The preliminary agreement was reached in January and announced after a high-level China-Brazil business forum in Beijing.

via Fox Business|
#bilateral-trade#brazil#business
business2 years ago

Israel and UAE implement free trade agreement.

Israel and the UAE have signed a free trade pact that will reduce or remove tariffs on about 96% of goods traded between the nations. The deal will also allow Israeli companies to access government tenders in the UAE. The agreement was first reached in May 2020, after the two countries normalized ties in a U.S.-brokered deal. Israeli Foreign Minister Eli Cohen said the pact would strengthen the connection with the UAE and that Israel was working to normalize ties with more Arab countries.

via Reuters|
#bilateral-trade#business#free-trade-pact