FM Nirmala Sitharaman announces reforms in eight key sectors

The Economic Times of India

FDI limit in defense production through automatic route has been increased to 74% from 49%, while private sector participation has been allowed in space exploration as part of structural reforms that were announced for a variety of sectors including mineral mining, civil aviation and atomic energy.

FDI in defense production hiked: Boeing, Lockheed Martin can fly higher in India

Financial Express

In a significant move, India on Saturday decided to further free up its foreign direct investment (FDI) policy by allowing up to 74% FDI in the sensitive defense manufacturing sector through automatic route, paving the way for global majors like Boeing or Lockheed Martin to hold controlling stakes in potential joint ventures.

The African Continental Free Trade Area Agreement and agricultural development: challenges and prospects

Global Forum on Food Security and Nutrition • FSN Forum

The African Continental Free Trade Area (AfCFTA) Agreement presents Africa with a unique opportunity to unleash its economic potential for inclusive growth and sustainable development. The agreement will create a single African market of more than a billion consumers with a combined GDP of U$2.5 trillion.

ICC and WCO call for customs and trade facilitation action

International Chamber of Commerce

ICC and the World Customs Organization (WCO) have issued a joint statement calling for increased action on customs and trade facilitation to ensure an effective response to the COVID-19 pandemic. In a joint statement, issued today, ICC Secretary General John W.H. Denton AO and WCO Secretary General Kunio Mikuriya say effective trade facilitation – based on international standards – will play a central role in enabling business continuity and renewed economic growth.

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How do you take your business overseas?

Elite Global

Vice President of the Institute of Export & International Trade, Arne Mielken, explained why expanding abroad is the right way forward – even in a post-Brexit world

Foreign investors ‘highly satisfied’ with Cyprus gov’t covid-19 response plan

International Investment News

As Cyprus today began relaxing lockdown restrictions, foreign investors on the island reported a high degree of satisfaction over the measures taken by the government to tackle the covid-19 pandemic, according to Invest Cyprus.

EXPO 2020: Dubai as an opportunity for business expansion

CNBC Africa -1 May 2020

The Managing Director of Ideas91, Rohit Dev says Dubai has given businesses a great opportunity to expand and the success of his company hinges on the global connectivity Dubai provides. He also notes that Dubai gives companies all the tools to become successful.

India’s China FDI Gamble

The Diplomat

In the midst of a global pandemic and looming fears of considerable growth deceleration, Narendra Modi’s government took a major decision to ban foreign direct investment (FDI) under the automatic route from countries having land borders with India. The amended FDI policy is aimed at preventing “opportunistic takeovers” of Indian companies amid the COVID-19 pandemic. Analysts worry that, in the post-COVID period, Chinese companies will buy up distressed assets for a throwaway price.

Foreign investment is drying up thanks to COVID-19. But there may be a silver lining

World Economic Forum

The COVID-19 case has created massive uncertainty in global capital flows. Governments might be wise to introduce short-term protections, but they must not be over-cautious. The post-crisis winners will open early to foreign investment.