Russia and Pakistan launch barter trade system to bypass western sanctions: Report
Russia has been exploring similar barter systems with other countries, including China, though progress has been slow.
Local manufacturing — Can India beat China at its own game?
Discouraging imports may not be the solution to cut the reliance of many Indian industry sectors on Chinese goods
Smartphones become India’s largest product export to the US, overtaking diamonds: Report
Smartphone exports reached $2 billion in the June quarter, compared to $1.44 billion for non-industrial diamonds, furthering the trend that started in the December quarter of FY24
Indian steelmakers seek higher tariffs as Chinese imports surge
The world’s second-biggest crude steel producer became a net importer of the alloy in the fiscal year through March 2024 and the trend has continued into the current year.
China welcomes more Indian investments, ambassador says
Ambassador Xu, speaking at an event in New Delhi, said that China is also willing to advance cooperation with India on science and technology, and hopes India will take measures to resume direct flights and facilitate visas for Chinese citizens.
Higher import duties on oils effective September 14 to support farmers
India’s import of palm and sunflower oil have increased over 30 percent in volume in the first six months of the year
Commerce Ministry launches Chat-GPT like platform to aid Indian exporters
Commerce and Industry Minister Piyush Goyal sets version 2.0 target, says Trade Connect e-platform will help scale up trade.
India’s trade with the UAE is nearing $100 billion
India’s trade with the UAE has risen faster after the signing of CEPA but 65 percent is still oil and jewellery-dependent
India, UAE to review trade deal in talks this week, sources say
India and the UAE signed the Comprehensive Economic Partnership Agreement (CEPA) in 2022 after just 88 days of negotiations. The agreement has become a template for similar trade pacts the UAE has since signed with many other natio.
Decoding Economics: Will China’s 'overcapacity' lead to a flood of exports, hurting other countries?
A recent IMF working paper assesses the importance of China’s subsidies in shaping its exports and imports, and sheds light on the implications that China’s industrial policy can have for its trading partners
Commerce ministry, DPIIT to seek stakeholder feedback through videoconferencing portal
Commerce and Industry Minister Piyush Goyal said that the red carpet should not be a story but a reality; states needed to prioritise ease of doing business and decriminalisation acts governed by outdated laws.
UK yet to set up negotiating team to resume free trade deal talks with India
India-UK FTA, which has been under deliberations for over two years, could see further hiccups with a new government in the United Kingdom yet to constitute a negotiating team
India-Singapore Trade Ties: Boosting economic relations amid regional challenges and changing global landscape
Despite growing ties, India must address protectionist policies, enhance service sector access, and explore broader Southeast Asian trade opportunities to fully leverage regional economic integration
What do stronger ties with Singapore mean for India?
After the trip of a high-level ministerial delegation, Prime Minister Narendra Modi likely to visit Singapore in early September
Skill or Luck: What is the true source of your investment success?
To assess your investment success evaluate your portfolio’s performance over time. Compare randomly picked portfolios and ask questions like the process used, consistency of profits, and risks taken
China slams US sanctions as unfair ahead of high-level talks
Washington has consistently warned Beijing about its support for Russia's defense sector, implementing hundreds of sanctions to restrict Moscow's access to critical technologies for military use.
US unleashes fresh sanctions: Can they dent Russia's trade with allies?
In June this year, the US imposed similar sanctions on China-based companies selling semiconductors to Moscow to widen its isolation of Russia and undercut its military machine.
India Surpasses China to become top buyer of Russian oil, imports surge to record high
The rise in India's Russian oil imports is part of a broader trend since Russia's invasion of Ukraine in February 2022. India's increased purchases have been pivotal in keeping global prices stable and controlling inflation.
July export blip betrays lingering trade trouble
Structural reforms and deeper and wider international ties need to be pursued to check the expanding trade deficit
What is Dynamic Reference Rate? India and Russia’s strategy to streamline trade, bypass US sanctions
This new system could be modelled after the existing framework between India and the UAE, where transactions are settled in local currencies (INR or dirham) with central bank support.
JPMorgan says three quarters of global carry trades now unwound
Carry trades were pummeled over the past week as global market volatility jumped amid fears of rapid Federal Reserve rate cuts and after the Bank of Japan’s larger than expected rate hike.
Piyush Goyal calls for PTA over comprehensive FTA for BIMSTEC nations
Goyal highlighted concerns about potential delays stemming from non-tariff barriers and urged business leaders to provide feedback on the practicality and advantages of pursuing an FTA with BIMSTEC nations.
Where’s the competitive spirit in India’s duty drill?
The World Tariff Profiles 2024 indicate that it’s high time for the country to shun the preference for protectionism
India may waive clinical investigation rule for EU-approved medical devices: Report
The proposal to include the EU in this list will be discussed at the upcoming meeting of the Drugs Technical Authority Board (DTAB), the highest advisory body on drugs in India under the drug regulator.
