Economy & Trade

Jul. 3 – During recent negotiations India and Sri Lanka decided to increase their economic ties so as to double bilateral trade to US$10 billion over the next three years. The meetings, which were held in Colombo, included representatives from both countries and discussed plans to further enhance their trade and investment relationships. “Recognizing that India […]

Jul. 2 – A long-standing dispute between China and the Philippines over territorial rights in the South China Sea continues to fester as the two countries increased naval patrols in the contentious Asian waters. In January, the Philippines initiated arbitration hearings against China with the United Nations to address alleged incursions by Chinese vessels into […]

Jun. 27 – Mongolia’s presidential elections were held yesterday, and in a more closely fought contest than had been anticipated, the Harvard-educated Tsakhia Elbegdorj hung on to win a second term. Elbegdorj, 50, who has served as president since 2009, was the overwhelming favorite in the contest, which took place amid worries about Mongolia’s faltering […]

Jun. 26 – United States Secretary of State John Kerry has voiced his support for a bilateral investment treaty with India. Kerry was recently in New Delhi for the 4th round of the Indo-U.S. Strategic Dialogue. In a speech on Sunday, he said the treaty would bolster investor confidence in India and address concerns over […]

Jun. 21 – China and Vietnam have signed several bilateral trade and infrastructure agreements during a visit by the Vietnamese President Truong Tan Sang to Beijing this week. This is Vietnam’s first official visit since Premier Li and President Xi took office in China earlier this year. President Sang welcomed the invitation to visit China, […]

Jun. 19 – The Prime Minister of India Manmohan Singh dispatched a special envoy this month to meet with Pakistan’s Prime Minister Nawaz Sharif to discuss bilateral trade relations. During the meeting, both countries agreed on the importance of increased bilateral trade and committed to commence dialogues between the two countries’ respective commerce ministries. According […]

Jun. 13 – The Mongolian government has taken the first steps towards constructing the so-called “Asian Super Grid” through the construction of the Salkhit wind farm in its capital city of Ulaanbaatar. The proposed grid would connect the electrical power systems of China, Japan, Korea and Mongolia. Clean Energy LLC and General Electric are powering […]

Jun. 12 – India’s largest power company, Tata Power Co. Ltd., has beaten competitors to sign a US$1.8 billion contract to invest in a thermal power project in Vietnam’s Mekong Delta province. The thermal power plant, which will be called Long Phu 2, is the largest project in Vietnam that an Indian company has ever invested […]

India and Myanmar have formally committed to strengthen their bilateral trade relations, including bolstering their cross-border investment efforts. Other advances were also made in the IT and garment and textiles industries.

Jun. 7 – Thailand’s Prime Minister Yingluck Shinawatra recently forged a trade deal with Sri Lanka’s President Mahinda Rajapaksa. The two countries agreed to double their bilateral trade within the next three to five years. Investments are specifically intended for infrastructure development projects, small-scale industries and export production. Trade between Thailand and Sri Lanka has […]