Just a moment...

Report
FeedbackReport
×

By creating an account you can:

Logo TaxTMI
>
Feedback/Report an Error
Email :
Please provide your email address so we can follow up on your feedback.
Category :
Description :
Min 15 characters0/2000
Make Most of Text Search
  1. Put words in double quotes for exact word search, eg: "income tax"
  2. Avoid noise words such as : 'and, of, the, a'
  3. Sort by Relevance to get the most relevant document.
  4. Press Enter to add multiple terms/multiple phrases, and then click on Search to Search.
  5. Text Search
  6. The system will try to fetch results that contains ALL your words.
  7. Once you add keywords, you'll see a new 'Search In' filter that makes your results even more precise.
  8. Text Search
Add to...
You have not created any category. Kindly create one to bookmark this item!
Create New Category
Hide
Title :
Description :
❮❮ Hide
Expand ❯❯
Close ✕
🔎 News - Adv. Search
    US and China to talk in Stockholm on trade with eye on Trump-Xi summit later this year
    US-EU trade deal wards off further escalation but will raise costs for companies, consumers
    US-EU deal sets 15% tariff on most goods, averts threat of trade war with global shock
    UP: Train passenger travelling with over Rs 29 lakh cash held
    US, EU reach an 'across the board' agreement on tariffs
    US, EU announce trade framework after Trump holds tariff talks with top European official
    Trump heads into high-stakes trade meeting saying he won't go below 15 per cent tariffs on EU
    EC should not show 'institutional arrogance ', must stop SIR exercise: Abhishek Manu Singhvi
    HIGHLIGHTS
    IndiGo to add more int'l destinations; to explore new MRO opportunities
    2,710 Rajasthan schools need major repair, funds allotted for it pending for approval: Report
    NCRTC begins sourcing power through power exchange, eyes Rs 1 crore annual savings
    8 arrested for involvement in organised religious conversion in Kushinagar: UP Police
    CAPF troops suffering permanent disability to get financial package, due pay: Home secretary
    TCS to lay off over 12,000 employees this year
    EC should not have 'institutional arrogance ', must stop SIR exercise: Abhishek Manu Singhvi
    Rajasthan launches drive to plant 2.5 crore saplings in a day under 'Harialo Rajasthan'
    TMC takes out rallies across WB to protest against 'harassment' of Bengali-speaking migrants
    Thai, Cambodian leaders to meet in Malaysia for talks to end deadly border dispute
    Software developer booked for GST evasion, house raided in Nashik

Are you sure you want to delete "My most important" ?

NOTE:

Back

All News

Showing Results for : Category : All
Reset Filters
Showing
Records
ExpandCollapse
    Back

    All News

    Showing Results for : Category : AllReset Filters
    Case ID :
    News and Press Release

    Commerce & Industry Minister visits Cuba to explore bilateral trade and investment opportunities in Latin American and Caribbean regions

    November 1, 2017

    📋
    Contents
    Summary
    Note

    Note

    Note

    Bookmark

    print

    Print

    The Minister for Commerce and Industry Shri Suresh Prabhu visited Cuba from October 28 to 31 to explore opportunities to tap the huge untapped potential, for not only bilateral trade but also investment in the Latin American and Caribbean regions. It has been the strategy to pursue new markets to expand India's trade footprint and targets to double trade with the Latam and Caricom region in the next 4 to 5 years. With the Caribbean region, India’s bilateral trade was US$ 1755 million in 2016-17, constituting only 7.16 percent of India’s trade with the Latin American and Caribbean region.

    India has always enjoyed a good political relationship with Cuba, with India being one of the first countries to recognise the regime after the Revolution. The visit of the Commerce & Industry Minister was to leverage this age old political relationship to enhance the economic and commercial ties between the two countries.

    The Minister met almost the entire top leadership in Cuba including the First Vice President Mr. Miguel Diaz-Canel Bermudez Mario, Vice President and Minister of Economic Affairs and Planning Mr. Ricardo Cabrisas Ruiz, Minister of Foreign Trade and Investment Mr. Rodrigo Malmierca Diaz, Minister of Energy and Mines Mr. Alfredo Lopez Valdes, Minister of Industries Mr. Salvador Pardo Cruz and also the President of the Cuban Chamber of Commerce. The First Vice President Mr. Miguel Diaz attached historic importance to this visit saying that ‘India has a prominent role in global dynamics” and aligned with the Minister for Commerce & Industries’ proposition of an integrated approach in multilateral organisations and environmental issues. Considering the overwhelming support and warmth in the meetings, a spontaneous decision was taken to take the next step in this econmic engagement in the form of an MoU between the Federation of Indian Exporters Organisation (FIEO) and the Cuban Chamber of Commerce. The MoU priorities six sectors for bilateral trade and investments. These are Pharmaceuticals, Tourism, Renewable Energy, Bio Technology, Sugar and Infrastructure development. Similar MoUs were later signed with Barbados and Guyana.

    Shri Prabhu also leveraged this opportubity to meet his counterpart from Haiti, Mr. Pierre Marie du Meny and the Barbados Minister of Industry, International Business, Commerce and Small Business Development, Mr. Donville Inniss.

    The Minister for Commerce & Industry also attended the inaugration of the 35th edition of FIHAV-2017 which saw particpation from over 70 countries. The Minister also inaugurated the Indian Pavilion in the presence of the Cuban Minister of Energy & Mines. The Minister said “FIHAV was an exhibition of goods but I exhibit the love and affection which 1.3 billion people from India have for Cuba”.

    Shri Prabhu also engaged with the Indian diaspora, leading businessmen from Cuba and other prominent Cuban individuals, including the daughter of President Raul Castro and the son of Comrade Fidel Castro.

    The Minister for Commerce & Industry also visited the Centre for Genetic Engineering and Biotechnology (CIGB) and appreciated the high research standards and advancement in medical technology that Cuba has achieved. Shri Prabhu reiterated the potential of coopertaion between the Indian Pharmaceutical Industry which is a world leader in generics and CIGB to find affordable health solutions.

    Topics

    ActsIncome Tax