Categoría: Economy and Business

India announced in the coming days the opening of the market for Argentine citrus, following government procedures.

As part of his official visit to India, Eduardo Zuain Deputy Foreign Minister held a working meeting with his counterpart, Ramachandran Swaminathan, who was formally requested streamlining the entry process for products such as orange, tangerine and lemon. In this regard, he was given an official note with the requirement that can be concluded as soon as possible the negotiations currently under the auspices of the Ministry of Agriculture of India.

The Indian vice chancellor pledged to push this proce-dure, noting that the relevant technical areas are already working, and that the question is directed positively. It should be noted that this initiative responds to a growing desire for Argentine citrus growers, especially in the provinces of Tucuman and Entre Rios.

Citrus producers looking to export to new markets such as India, Brazil and the return to the United States. In recent weeks, the chambers of industry negotiate the opening of places. One of the destinations that was presented to the regional agribusiness was India.

Source: http://bit.ly/1UrfF7z

Fiat Chrysler Automobiles has announced it will invest approximately $280 million in a manufacturing joint venture with Tata Motors in India.

Fiat India Automobiles Private Limited will operate at the assembly plant in Ranjangaon, India where a new Jeep vehicle will be produced from the second quarter of 2017. Fiat and Tata Motors already build cars together at the site.

“Today marks an important step as we continue to expand the availability of Jeep products around the world. Establishing Jeep production in India will give us the opportunity to offer even more people the chance to experience the freedom and adventure that can come from behind the wheel of a Jeep vehicle,” said FCA CEO Sergio Marchionne.

The executive remained tight-lipped about which Jeep vehicle will be produced in India, but we know the automaker plans to launch a new compact SUV in 2016 that will replace both the Patriot and Compass – maybe that’s the model that will be made in India too. Jeep is expected to make its Indian sales debut this year with the Cherokee and Wrangler SUVs.

Ranjangaon will be the fourth plant to build Jeeps outside of the United States. Jeep models are also currently built in Italy and Brazil, and will begin production in China in the fourth quarter this year.

India is an essential market for Jeep’s global expansion plan, as the Asian country is expected to become the world’s third-largest auto market behind China and the United States by 2020. SUVs make up about one-fifth of India’s 2.6 million annual passenger vehicle sales.

Source: http://www.carscoops.com/2015/07/fca-and-tata-motors-will-build-new-jeep.html

Much of the attention on Latin America’s engagement with extra-hemispheric actors has focused on China, Russia, and Iran, with often explicit or implied consternation on the part of the United States. Yet a key extra-hemispheric partner with 1.25 billion people has been almost invisible in this discussion: India.

In the past 15 years, according to the International Monetary Fund (IMF), India’s bilateral trade with Latin America and the Caribbean has grown more than twenty-fold, reaching $44.6 billion in 2013. Although this is much less than China’s $289.3 billion in trade with the region in 2013, the rate at which India has expanded its trade is similar to China’s expansion of trade with the region, with India merely beginning later and from a lower point. Moreover, as China’s growth rate slows, and the value of its imports from Latin America correspondingly decreases, India’s economy is expected to grow 7.6% this year and 7.7% in 2016—a rate greater than that of China.

Even if India is not yet as significant a commercial partner as China, the characteristics of its engagement with the region offer important opportunities for the region’s companies and governments, as well as for the United States. India, like China, has a growing appetite for commodities and foodstuffs, for which Latin America and the Caribbean is already an important supplier. Indeed, when China abruptly suspended its imports of Argentine soy oil in 2010,India tripled its own imports of Argentine soy products to $1.8 billion. Similarly, Mexico and Colombia are important sources of oil for India.

Soruce: http://latinamericagoesglobal.org/2015/06/time-to-talk-about-india-and-latin-america/

China and India, the world’s No. 1 and No. 3 greenhouse gas emitters, projected a united front on climate change on Friday with a rare joint statement that asked rich countries to step up efforts to reduce global carbon emissions.

«The two sides urged the developed countries to raise their pre-2020 emission reduction targets and honor their commitment to provide $100 billion per year by 2020 to developing countries,» the statement said.

While both countries stopped short of making any commitments, they said they would submit their respective plans to curb greenhouse gas emissions well before crucial global climate talks are held in Paris later this year.

India, which is the world’s No. 3 emitter of greenhouse gases, has been under pressure to make commitments after the top two emitters – China and the United States – agreed to new limits on carbon emissions starting in 2025.

Modi has signaled he will not bow to foreign pressure and will instead focus on increased use of clean energy to fight the adverse effects of climate change. He wants to quintuple India’s renewable energy capacity by 2022.

India cannot commit to emissions cuts as it still needs to industrialize and lift millions of people out of poverty, the government says.

Sees more: http://news.yahoo.com/india-china-commit-together-climate-change-075806343.html

India will sign a free trade agreement with Eurasian Economic Union (EAEU) to boost trade and economic ties with the region, an Indian diplomat said on Thursday.

«We are definitely signing this agreement», Amit Telang, first secretary of India’s embassy in Russia told TASS news agency.

The agreement will be signed at the St Petersburg International Economic Forum (SPIEF-2015).

Sees more: http://timesofindia.indiatimes.com/business/india-business/India-to-sign-free-trade-pact-with-Eurasian-Economic-Union/articleshow/47722679.cms