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Bilateral

Council officials from London visit Akwa Ibom for bilateral opportunities

The Mayor of the London Borough of Southwark, Michael Situ, is in Uyo, Akwa Ibom State, to explore business opportunities of bilateral interest in the South-south state of Nigeria. He is expected to hold discussions with Akwa Ibom officials on a proposed education exchange programme between Akwa Ibom and some schools in his borough. Mr Situ, accompanied by David Bromfield, the senior education advisor of Southwark Council, arrived in Uyo on Friday and was received at the Victor Attah International Airport by the…

Tinubu, Brazilian president meet, discuss bilateral interests

President Bola Tinubu and President Luiz Inácio Lula da Silva of Brazil met in Addis Ababa, Ethiopia, on Sunday, and had fruitful discussions on comprehensive strengthening of bilateral ties in all fields. Speaking at the meeting, President Tinubu emphasized the strength of Nigeria’s economic potential and influence, saying the country is witnessing a leap forward, despite some short-term reform pains, as his administration is removing all encumbrances to business. The President further explained that his…

Difference between Bilateral Trade and Multilateral Trade

Bilateral TradeThe exchange of products and services between two nations is referred to as bilateral trade. It is an important component of the global economy because it allows nations to specialize in manufacturing commodities and services that they are proficient at, while also allowing them to import items that they require but cannot manufacture effectively. One of the most important advantages of bilateral commerce is that it may lead to enhanced economic growth and development in both nations. Countries can get…

UPI-PayNow Linkage Would Take Bilateral Relations to Greater Heights: Singaporean Envoy

As India and Singapore on Tuesday linked their respective online payments systems for seamless cross-border transactions between the two countries, Singaporean High Commissioner to India Simon Wong Wie Kuen on Tuesday said this collaboration would take bilateral relations to greater heights and his country looks forward to continuing to be part of India's digital transformation journey.Unified Payments Interface (UPI) of India and PayNow of Singapore have been linked earlier today at a virtual event, which was attended by…

Singapore, EU digital pact to cover ‘all areas’ of bilateral cooperation

Singapore and the European Union (EU) have signed a partnership agreement to drive collaboration across multiple areas in the cross-border digital economy. These include digital payments, trusted data flows, 5G, artificial intelligence (AI), and digital identities. The EU-Singapore Digital Partnership provides an "overarching framework for all areas of bilateral digital cooperation" between the two partners, according to a joint statement released Wednesday by Singapore's Ministry of Trade and Industry, Ministry of…

Pakistan seeks rescheduling of $27B bilateral debt

Finance Minister Ishaq Dar, who is participating in IMF and World Bank annual meetings in Washington, says his country will seek restructuring on equal terms for all bilateral creditors. "Rescheduling is fine, but we are not seeking a haircut. That's not fair," says Pakistan's Ishaq Dar.…

India and Japan Discuss Cooperation in 5G, Cybersecurity at Fourth Bilateral Cyber Dialogue

Cooperation in 5G telecom technology figured prominently in the India-Japan cyber dialogue held virtually on Thursday.The Ministry of External Affairs (MEA) said both sides discussed important areas of bilateral cyber cooperation and reviewed the progress achieved in the areas of cybersecurity and information and communication technologies.It said the discussions included developments in cyber domain and mutual cooperation in the area during discussions at the United Nations and other multilateral and regional fora."Both…

Go First Srinagar-Sharjah Flight Operations Stopped Due to Lack of Bilateral Rights

Go First on Tuesday said it has stopped operating the Srinagar-Sharjah flight from March 27 as it does not have the requisite bilateral rights. Airlines need bilateral rights — which are granted under air services agreements signed between the two countries — to operate scheduled international passenger flights. Home Minister Amit Shah inaugurated Go First’s Srinagar-Sharjah flight on October 23 last year, connecting Jammu and Kashmir with the United Arab Emirates after around 11 years.“We were operating…

Air India No Longer Has Preferential Access to Bilateral Rights Required for International Flights

Air India has lost its preferential access to bilateral rights that are needed to operate flights to another country, according to a circular issued by the Directorate General of Civil Aviation (DGCA). Air India had preferential access to bilateral rights, which are granted under air services agreements signed between two countries — as it was a government-owned national carrier.However, the Tata Group took control of Air India on January 27, after successfully winning the bid for the airline on October 8 last year.…