Scrutiny or inspection-free trade could soon become a reality with India, Belgium and South Africa launching a pilot to connect their customs under an initiative to network customs departments across countries. As a first step, India is rolling out a system - authorised economic operator, or AEO - under which traders, logistics providers, and customs agents sporting secure trader tag would be able to move their goods speedily through customs in countries with similar facility
Melbourne Unveils Draft Plan to Strengthen Business Ties with India, The Australian city of Melbourne has announced a draft plan to strengthen business ties with India, with a focus on building economic prosperity, facilitating learning and supporting community, cultural and civic links between the two countries. The city of Melbourne already has a strong working relationship with India and this engagement framework will ensure it continues to grow. Currently, India is Australia's fifth largest trading partner and through this engagement, the city of Melbourne now plans to focus on three key goals -- building economic prosperity, facilitating learning and supporting community, cultural and civic links between the countries
Thailand Aims to Take Trade with India to $10 Billion in Next 2 Years, PTI IST Thailand aims to increase the bilateral trade with India to $10 billion in the next two years. The current two-way trade with India stands at $6.6 billion. India signing Free Trade Agreement (FTA) with Thailand and with the ASEAN countries would help strengthening the two-way trade relations. India imports various products, including cosmetics, furniture and rubber, while it exports automobile parts, sea food, diamond, coal and plastic products
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