India Commerce Secretary: Services Trade could Improve Opportunities in South Asia

23 April 2016

A strong business agenda in services trade could improve opportunities in South Asia, increasing the level of prosperity and economic development in the region, emphasized India Commerce Secretary Rita Teaotia as she called for South Asian countries to work together to push services exports, at the Second Global Exhibition on Services on 23 April 2016.

India has been keen on pushing the services sector in its trade agreements. While it is a major services exporter, it can still maximize its share in global trade.

According to Commerce Secretary Teaotia, the Ministry of Commerce and Industry are undertaking steps to boost services exports, such as focusing on quality and standards. Issues of competitiveness across sectors in the form of reforms and liberalization and focusing on trade policy are being closely studied by the Ministry. It is also working closely with other ministries and sectoral agencies and regulators, with the aim of creating an enabling environment to facilitate growth of services through policy space and regulatory framework.

The Commerce Secretary also reported that India is looking at new geographies, including languages besides English, to tap other territories and markets.

At the same event, Commerce and Industry Minister Nirmala Sitharaman emphasized that the challenge is to provide high-quality services at an affordable price, since value for money is a key parameter for the services sector.


Related Links:

The fourth meeting of Nepal-Bangladesh commerce joint-secretary level technical committee was held in Kathmandu, Nepal on 22-23 October...

Read More


India and Nepal held a two-day energy secretary level meeting on 14-15 October 2019 in Bangalore, India. The...

Read More


The Government of India has, in principle, allowed Nepal access to three inland waterway routes: (i) Kolkata-Kalughat, Raxaul;...

Read More


The Government of India plans to implement a National Logistics policy to help bring down the logistics cost...

Read More


The Kolkata Customs of the Government of India has granted an 84.33% subsidy for Nepali cargo duty insurance,...

Read More


The 69 kilometer Motihari (India)-Amlekhgunj (Nepal) pipeline, signed by India and Nepal in 2015, was jointly inaugurated by...

Read More


Construction of Colombo's first elevated highway commenced on 10 September 2019 with Sri Lanka Prime Minister Ranil Wickremesinghe...

Read More