Trade involves the transfer of goods and services from one person or entity to another,often in exchange for money. Economists refer to a system or network that allows trade as a market.
The Office of the United States Trade Representative (USTR) is an agency of the United States federal government responsible for developing and promoting American trade policy. Part of the Executive Office of the President,it is headed by the U.S. Trade Representative,a Cabinet-level position that serves as the U.S. President's primary advisor,negotiator,and spokesperson on trade matters. USTR has more than two hundred employees,with offices in Geneva,Switzerland,and Brussels,Belgium.
Timothy John Roemer is an American diplomat and politician who served in the United States House of Representatives from 1991 to 2003 as a Democrat from Indiana's 3rd congressional district. Subsequently,he was the president of the Center for National Policy (CNP),a Washington,D.C.-based national security think tank. He served as U.S. Ambassador to India from 2009 to 2011. Roemer currently serves on the advisory board of Washington,D.C. based non-profit America Abroad Media.
The economy of India has transitioned from a mixed planned economy to a mixed middle-income developing social market economy with notable public sector in strategic sectors. It is the world's fifth-largest economy by nominal GDP and the third-largest by purchasing power parity (PPP). According to the International Monetary Fund (IMF),on a per capita income basis,India ranked 139th by GDP (nominal) and 127th by GDP (PPP). From independence in 1947 until 1991,successive governments followed Soviet model and promoted protectionist economic policies,with extensive Sovietization,state intervention,demand-side economics,natural resources,bureaucrat driven enterprises and economic regulation. This is characterised as dirigism,in the form of the Licence Raj. The end of the Cold War and an acute balance of payments crisis in 1991 led to the adoption of a broad economic liberalisation in India and indicative planning. Since the start of the 21st century,annual average GDP growth has been 6% to 7%. The economy of the Indian subcontinent was the largest in the world for most of recorded history up until the onset of colonialism in early 19th century. India accounts for 7.2% of the global economy in 2022 in PPP terms,and around 3.4% in nominal terms in 2022.
Rajat Kumar Gupta is an Indian-American business executive and convicted felon who,as CEO,was the first foreign-born managing director of management consultancy firm McKinsey &Company from 1994 to 2003. In 2012,he was convicted for insider trading and spent two years in prison. Gupta was a board member of corporations including Goldman Sachs,Procter &Gamble and American Airlines,as well as an advisor to non-profit organizations such as the Bill &Melinda Gates Foundation and The Global Fund to Fight AIDS,Tuberculosis and Malaria. He is the co-founder of the Indian School of Business,American India Foundation,New Silk Route and Scandent Solutions.
The United States Commercial Service (CS) is the trade promotion arm of the U.S. Department of Commerce's International Trade Administration. CS is a part of the U.S. Foreign Service and its commercial officers are diplomats. The CS global network of trade professionals helps thousands of U.S. companies to export goods and services worth billions of dollars every year. CS trade specialists are located throughout the United States,as well as in U.S. embassies and consulates in over 75 countries around the world. The mission of CS is to advance and protect strategic U.S. commercial and economic interests around the world.
Tamu is a town in the Kabaw Valley in the Sagaing Region in north-west Myanmar near the border with the eastern Indian state of Manipur. It is a principal town of the Kabaw Valley and the seat of administration for the Tamu Township. Opposite the Indian town of Moreh,it is home to an official border trade posts with India,which opened on 12 April 2005. In 2022,total trade volume at the border post stood at US$15.134 million.
Relations between India and the United States date back to India's independence movement and have continued well after independence from the United Kingdom in 1947. Currently,India and the United States enjoy close relations and have deepened collaboration on issues such as counterterrorism and countering Chinese influence in the Indo-Pacific.
The United States–Korea Free Trade Agreement,also known as KORUS FTA,is a trade agreement between the United States and South Korea. Negotiations were announced on February 2,2006,and concluded on April 1,2007. The treaty was first signed on June 30,2007,with a renegotiated version signed in early December 2010.
India–South Korea relations are the bilateral relations between India and South Korea. Formal establishment of diplomatic ties between the two countries occurred in 1973. Since then,several trade agreements have been reached:Agreement on Trade Promotion and Economic and Technological Co-operation in 1974;Agreement on Co-operation in Science &Technology in 1976;Convention on Double Taxation Avoidance in 1985;and Bilateral Investment Promotion/Protection Agreement in 1996.
Ajaypal Singh Banga is an Indian-born American business executive. He is currently the president of the World Bank Group. He was vice chairman at General Atlantic,and was before that executive chairman of Mastercard,after having previously served as president and chief executive officer (CEO) of the company from July 2010 until December 31,2020. He retired from this position on December 31,2021,to join General Atlantic. He is also the chairman of Netherlands-based investment holding company Exor and chairman of the public-private Partnership for Central America with U.S. Vice President Kamala Harris.
Piyush Vedprakash Goyal is an Indian politician and chartered accountant serving as a cabinet minister in the Government of India,having portfolios such as Minister of Textiles,Minister of Commerce and Industry and Minister of Consumer Affairs,Food and Public Distribution. He was elevated to the Cabinet Minister position on 3 September 2017. Currently a Member of Parliament for Rajya Sabha from the state of Maharashtra,he is also the current Leader of the House in Rajya Sabha.
Foreign trade in India includes all imports and exports to and from India. At the level of Central Government it is administered by the Ministry of Commerce and Industry. Foreign trade accounted for 48.8% of India's GDP in 2018.
A foreign direct investment (FDI) is an investment in the form of a controlling ownership in a business in one country by an entity based in another country. It is thus distinguished from a foreign portfolio investment by a notion of direct control. Broadly,foreign direct investment includes "mergers and acquisitions,building new facilities,reinvesting profits earned from overseas operations,and intra company loans". FDI is the sum of equity capital,long-term capital,and short-term capital as shown in the balance of payments. FDI usually involves participation in management,joint-venture,transfer of technology and expertise. Stock of FDI is the net cumulative FDI for any given period. Direct investment excludes investment through purchase of shares.
Economic relations between India and Czech Republic date back to the Middle Ages. People in both countries have always been interested in learning more about the history,language and culture of the other country. During the years after India's independence,Czechoslovakia also played a role as a vital economic partner. Today,both India and Czech Republic have established close relations when it comes to trade,investment and tourism.
India–Liechtenstein relations refers to the international relations that exist between India and Liechtenstein. The Embassy of India in Bern,Switzerland is concurrently accredited to Liechtenstein. Liechtenstein maintains an honorary consul general in New Delhi. Under a 1919 agreement between Liechtenstein and Switzerland,ambassadors and diplomatic missions of Switzerland are authorised to represent Liechtenstein in countries and in diplomatic situations unless Liechtenstein opts to send its own ambassador. Switzerland maintains an embassy in New Delhi and a consulate in Mumbai.
Dinesh Kanabar is an entrepreneur and international tax expert. He is founder and CEO of Dhruva Advisors,one of the largest tax and regulatory boutiques in India that has been consistently rated as India Tax Firm of the year over the years. Prior to founding Dhruva,Dinesh held various positions,including Deputy CEO of KPMG in India and Deputy CEO of RSM. Dinesh works closely with some of the largest multi-national corporations and Indian business houses advising on business,tax and regulatory matters. He has worked on some of the largest mergers and acquisitions,corporate restructuring and tax litigation engagements in the country. He also works very closely with the Government of India on Tax Policy matters. Dinesh has been recognized as Asia Tax Practice Leader of the Year-2020 by International Tax Review,and he regularly pens articles on a variety of subjects ranging from tax to leadership.
The U.S.-Turkey Business Council (USTBC) was founded in 2013,with the participation of then Prime Minister Recep Tayyip Erdoğan and Vice President Joe Biden,as a business advocacy organization established to expand the bilateral commercial relationship between Turkey and United States.
Deven Parekh is an American venture capitalist,philanthropist,Democratic fundraiser and public servant. He is managing director at Insight Partners,a New York City venture capital and private equity firm. Parekh is a noted donor and fundraiser for Democratic politicians. He has served in multiple government advisory roles,and is currently a member of the board of directors for the Council on Foreign Relations and the US International Development Finance Corporation.
The Indo-Pacific Economic Framework for Prosperity (IPEF) is an economic initiative launched by U.S. President Joe Biden on May 23,2022. The framework launched with fourteen participating founding member nations in the Indo-Pacific region with an open invitation for other countries to join.
