https://www.taxtmi.com/news?id=27475 Agreement to finalise a Local Currency Settlement System Agreement and related payment cooperation measures was identified as a primary objective to strengthen bilateral trade and reduce reliance on third currency settlements. Both sides committed to early conclusion of this settlement framework, discussed integration with Unified Payments Interface-style mechanisms, and endorsed coordinated involvement of central banking, export finance and payment infrastructure institutions to operationalise cross border local currency flows and address market access obstacles. en-us Fri, 03 May 2024 15:22:24 +0530 Fri, 03 May 2024 15:23:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/news?id=27475 Agreement to finalise a Local Currency Settlement System Agreement and related payment cooperation measures was identified as a primary objective to strengthen bilateral trade and reduce reliance on third currency settlements. Both sides committed to early conclusion of this settlement framework, discussed integration with Unified Payments Interface-style mechanisms, and endorsed coordinated involvement of central banking, export finance and payment infrastructure institutions to operationalise cross border local currency flows and address market access obstacles. News - Fri, 03 May 2024 15:22:24 +0530 https://www.taxtmi.com/news?id=27475