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Bilateral trade agreement with Asean and European Union are passe. The stage is set for the first trans-continental treaty with India, South Africa and Mercosu — comprising Brazil, Argentina, Uruguay and Paraguay –launching negotiations on a preferential trade agreement later this week.
Along with the trilateral treaty, India will also start technical negotiations on Saturday for a PTA with the Southern African Customs Union (SACU), which consists of South Africa, Botswana, Namibia, Lesotho and Swaziland.
While the trilateral as well as the SACU agreements are part of measures to increase South-South trade, the going has not been easy so far. While India had signed a PTA with Mercosur last year, its operationalisation in the form of tariff cuts had been delayed.
Similarly, India and SACU have already finalised a framework agreement, but the African group is yet to approve it. In fact, the proposal for a PTA was discussed in January 2000 but even after seven years, it has not been finalised.
Besides, commerce & industry minister Kamal Nath on Monday complained of restrictions being faced by Indian pharmaceutical companies and banks who were finding in tough to open branches in South Africa. In addition, getting work visas and intra-company transfer of work permits was proving to be a problem in South Africa, Nath is learnt to have told the South African high commissioner.
A study by the Indian Institute of Foreign Trade (IIFT) found that over 50% of India’s exports were subjected to less than 10% duty in South Africa and only 33% products had to contend with over 20% import duty. In India, however, 55% of South African goods faced duty of over 20%, with only 34% of the imports facing under 10% duty.
While the tariffs might be higher in India, the revenue loss from bilateral elimination of tariffs was greater in South Africa, the study said and that probably explains the lethargy shown by SACU authorities. The revenue loss in South Africa is projected to be 1.4 times the revenue loss in India.
Apart from the strategic location, Indian companies, particularly in the services sector, could gain significant access to the South African and Brazilian markets and groups like the Tatas and Mahindra & Mahindra could benefit if the agreement also had an investment treaty.
While there might be difficulties at the ground level, at the level of political leaders there is a great sense of bonhomie and the united face put up by India, Brazil and South Africa during the WTO talks are only going to help in clinching a deal early, official said.
Tags: african customs, african group, bilateral trade agreement, framework agreement, india south, indian institute of foreign trade, intra company, kamal nath, lethargy, sacu, south african high commissioner, southern african customs union, tariff cuts, trilateral, work permits, work visas |
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The research and treatment of stuttering in Brazil began in the 1960s in universities in Sao Paulo, and was greatly influenced by American authors like Van Riper and Johnson. Nowadays, the treatment of stuttering is performed mainly in private speech clinics and in some public hospitals and universities in big cities. In small cities no free treatment is available for those who stutter.
As in other countries, in Brazil the approaches available for the treatment of stuttering differ not only in terms of the goals they seek, but also in the specific strategies used to achieve them. Clinicians who dedicate themselves
Nine MBA candidates at the Marriott School of Management at Brigham Young University have been named winners of $10,000 Hawes scholarships, the highest distinction given to MBA students at the school.
This years winners are Diego Carroll, Orem; Michael Conrad, Lake Oswego, Ore.; Marco Gaertner, Sao Paulo, Brazil; Makoto Ishizaka, Tokyo; Scott Jolley, Mesa, Ariz., Rodrigo Ribeiro, Sao Paulo, Brazil; Taber Rigg, Anchorage, Alaska; Ryan Stevens, Gilbert, Ariz.; and Jennifer Wagner, Oklahoma City.
Source : deseretnews.com
Nick Binedell: Dean, Gordon Institute of Business Science
The Gordon Institute of Business is doubling its capacity through a major building expansion. Nick Binedell is director at Gibs. Welcome, Nick. Does this mean that South Africa will be stepping up the number of MBA that it produces? We keep hearing about our skills shortages. Is this an area of need?
NICK BINEDELL: Well, I think it is a continuing growth across the leading schools, and I think the answer in the long term will be yes. We dont have plans to increase our MBA numbers in the short term. But, once the
In 1992, Vikram Achanta was briefly before the end of his MBA at the Indian Institute of Management, Calcutta. After months of meetings, presentations by companies and fill the forms and waiting periods for short lists, Achanta took on the scene to interview Cadburys.
But how was the degree of stress, a nervous wreck. "I watched quite psyched if I entered," said the entrepreneur 30-something.
"So Rajeev Bakshi (currently, MD, Pepsico, then India for the recruitment of Cadbury) asked me to relax and take a cup of tea." Achanta still remember that the gesture of what he describes as one of the
THE MBA programme at the UCT Graduate School of Business (GSB) has been rated the best in in a South African survey by management publication Professional Management Review (PMR).
The PMR finding was collated from the responses of 478 line managers and human resources leaders countrywide.
UCTs MBA is the only one in Africa ranked in the Financial Times Global Top 100 and the business school the only one in Africa to make it into the International University Consortium for Executive Education.
More : iol.co.za
India is very interested in further talks with Pakistan on the 1650-km-long proposed gas pipeline from Iran but with no preconditions, the Indo-Asian News Service (IANS) reported Tuesday.
"We have two points in Pakistan, an appointment for further discussion. We were invited to examine, with no obligation," IANS quoting Petroleum Minister Mani Shankar Aiyar, as I said, on the edge a meeting organized by the Lal Bahadur Shastri Institute of Management.
"We worked with them on the possibilities of diesel exports from India," said the minister.
The question of whether imports of diesel fuel India has been a precondition for participation in the
As the south American nation is working towards establishment of strategic relations with India in the long-term, red carpet is being rolled out for Indian students by Brazilian School of Public and Business Administration.
A 16-month MBA at BSPBAs Rio de Janeiro facility will cost $14,000 -- much lower than the fee charged by most American and European varsities. The cost of living is also cheaper in Rio, according to Mr. Yann Duzert, a professor at Getulio Vargas Foundation or FGV which runs BSPBA.
While the popular language in Brazil is Portuguese, FGV has introduced a new programme that will
HYDERABAD: Hyderabad-based Indian School of Business (ISB) is Scaling-up of its partnerships with universities abroad. A number of tie-ups are available on the anvil - with institutions in Brazil, Russia and China, another with Cornell University, and a third with Columbia University.
The proposed tie-up with institutions in Brazil, Russia and China, it is expected that new training courses that will help leaders tap business opportunities in these countries. The partnership with Cornell University is responsible for research and development of common curricula, while those with Columbia University is the development of a rating system for transnational corporations.
"The purpose
NEW DELHI, Nov 3: The Council of Ministers of India and Pakistan Petroleum, are expected for later this month, to begin discussions on the proposed multi-billion dollar gas pipeline. "We have two points in Pakistan, an appointment for further discussion. We were invited to examine, with no obligation to hold an" Indian Union Petroleum Mani Shankar Aiyar minister said Tuesday, at the edge of the Lal Bahadur Shastri Institute of Management, after a News - Report. Mr. Aiyar said the talks with his Pakistani counterpart would, in the spirit of the joint declaration, that Prime Minister Manmohan Singh and President
New Delhi: This is an advantage for outsourcing all. Volunteering in India in developing countries of Asia, Africa and Eastern Europe for two years of regular work ends here for the international exhibition and new facets of their lives.
Thus, whether Mozambique, Africa, Kenya, Nigeria, Guinea-Bissau or Bangladesh, Indians contribute to the prevention of HIV / AIDS, community and social affairs management, micro-finance, computer training or fundraising. The world has become a true global village.
This iVolunteer Overseas program is a collaborative effort between Mitra, an Indian charity launched by graduates of the Institute of Rural Management (Anand) and the Voluntary Service
MBA Tag Clouds
