SC: Externally Procured Parts Given For Assembly, Not Used in Manufacture, Not Liable to Excise Duty  ||  SC: Upholding Surendra Koli’s Conviction on Rejected Evidence Would Violate Articles 14 and 21  ||  SC: In Execution Petition, Decree-Holder Must Prove Violation by Judgment Debtor  ||  SC: Insurers Must Compensate Accident Victims Despite Policy Breach, Can Recover From Owner  ||  Kerala HC: Long-Term Posting of Same Police Officer at Sabarimala May Affect Transparency, Efficiency  ||  Delhi HC: Post-Dated Cheques Given as Security Attract Section 138 NI Act After Liability Arises  ||  MP High Court: Railways Liable for Deaths on Tracks if it Fails to Take Preventive Measures  ||  Ker HC: NDPS Case Stands Even if Contraband Listed in Ml, if Chemical Report Shows Equivalent Weight  ||  Kerala HC: Father’s Retirement Benefits Can Be Attached for Child Maintenance Despite S.60(1)(g) CPC  ||  Supreme Court: A Decree Declared 'Nullity' Can be Challenged at Any Stage, Including Execution    

Cabinet approves Protocol for establishment of joint Economic and Trade Committee between India and Dominican Republic- (Press Information Bureau) (24 Jan 2024)

MANU/PIBU/0106/2024

Commercial

The Union Cabinet chaired by Prime Minister Shri Narendra Modi approved the proposal for signing of a protocol for establishment of Joint Economic and Trade Committee (JETCO) between the Department of Commerce, Ministry of Commerce and Industry of the Republic of India and the Ministry of Foreign Affairs of the Dominican Republic.

Bilateral relations between India and the Dominican Republic have been friendly and continue to deepen in all spheres. At present, there is no bilateral institutional mechanism between India and Dominican Republic on trade and commerce. India primarily imports gold from Dominican Republic and exports pharmaceuticals, marine products, motor vehicles, two and three wheelers etc. to them.

The establishment of JETCO will strengthen economic tie between India and the Dominican Republic and shall play a pivotal role and provide a platform for discussions, exchange of information, knowledge and ideas which would in turn facilitate trade and industry. The Protocol can be an effective gateway to the larger Latin American and Caribbean markets.

The Joint Committee will provide a platform for exchange of information between various authorities and their counterparts. This would help in facilitating trade of goods and services and consequentially help in better employment opportunities for professionals in both the countries.

The establishment of JETCO will facilitate mitigating challenges in export of Indian products of mutual dialogue and pave the way for boosting exports of pharmaceuticals, automobiles and engineering goods manufactured in India leading to more foreign exchange earnings for a Atmanirbhar Bharat.

Tags : PROTOCOL   TRADE COMMITTEE   APPROVAL  

Share :        

Disclaimer | Copyright 2025 - All Rights Reserved