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.

May 17, 2020/by CBD

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.

May 17, 2020/by CBD

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.

May 12, 2020/by CBD

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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May 10, 2020/by CBD


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