India seriously considers granting market economy status to Belarus
Updated: Jul 24, 2013 05:52:07pm
New Delhi, Jul 24 (KNN) India is seriously considering the issue of granting market economy status to Belarus within the framework of India’s Antidumping Rules according to Minister of State for Commerce and Industry, EM Sudarsana Natchiappan.
The Indian side stated that the matter is being examined positively and the official decision would be taken before the next session of the Commission.
“Sectors like pharmaceutical, fertilizers, information technology and research and development offer tremendous potential for cooperation between India and Belarus,” he said.
Taking note of the huge opportunity available in the fertilizer sector, the Indian Minister said, “India is looking for long-term contracts for supply of potash to meet its growing requirements.”
He also added that Indian companies can look for opportunities for setting up joint ventures in Belarus for production of potash-based fertilizers.
Belarus attaching lot of importance for bilateral trade asked India to determine an Indian counterpart deputed to negotiate on the long-term cooperation agreement, take decisions and signing of the agreement for the full volume of the deliveries.
The Belarusian delegation proposed to hold the 9th meeting of the Business Council “India-Belarus” in 2013 to promote the collaboration of business representatives, as well as agreed to define the dates of the National Exhibition (exposition) of the Republic of India during 2013-2014 in Minsk.
In a major move that may see a booming trade ties between the two countries, Belarus and India will create a Certification Centre of Belarusian companies and professionals in the field of software at the earliest possible time.
The Belarusian side will also provide a draft concept of the Certification Centre of Belarusian companies and professionals in the field of software to initiate negotiations with the Indian side.
Belarus advocated for revocation of the antidumping duties on items like acrylics fibres, tire cord fabric and expressed the intension to maintain the export of the products to India, mostly of interest to Indian consumers.
The two Ministers also signed a Protocol after the Meeting. It was decided by both the sides that necessary steps will be taken to sign the Memorandum of Understanding between the Ministry of Textiles, India and the Belarusian State Concern for Manufacturing and Marketing of Light Industry Goods (concern “Bellegprom”) on cooperation in the Field of Textiles, Clothing and Fashion Industries. (KNN)
The Indian side stated that the matter is being examined positively and the official decision would be taken before the next session of the Commission.
“Sectors like pharmaceutical, fertilizers, information technology and research and development offer tremendous potential for cooperation between India and Belarus,” he said.
Taking note of the huge opportunity available in the fertilizer sector, the Indian Minister said, “India is looking for long-term contracts for supply of potash to meet its growing requirements.”
He also added that Indian companies can look for opportunities for setting up joint ventures in Belarus for production of potash-based fertilizers.
Belarus attaching lot of importance for bilateral trade asked India to determine an Indian counterpart deputed to negotiate on the long-term cooperation agreement, take decisions and signing of the agreement for the full volume of the deliveries.
The Belarusian delegation proposed to hold the 9th meeting of the Business Council “India-Belarus” in 2013 to promote the collaboration of business representatives, as well as agreed to define the dates of the National Exhibition (exposition) of the Republic of India during 2013-2014 in Minsk.
In a major move that may see a booming trade ties between the two countries, Belarus and India will create a Certification Centre of Belarusian companies and professionals in the field of software at the earliest possible time.
The Belarusian side will also provide a draft concept of the Certification Centre of Belarusian companies and professionals in the field of software to initiate negotiations with the Indian side.
Belarus advocated for revocation of the antidumping duties on items like acrylics fibres, tire cord fabric and expressed the intension to maintain the export of the products to India, mostly of interest to Indian consumers.
The two Ministers also signed a Protocol after the Meeting. It was decided by both the sides that necessary steps will be taken to sign the Memorandum of Understanding between the Ministry of Textiles, India and the Belarusian State Concern for Manufacturing and Marketing of Light Industry Goods (concern “Bellegprom”) on cooperation in the Field of Textiles, Clothing and Fashion Industries. (KNN)
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