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Commerce and Industry Minister Piyush Goyal sets version 2.0 target, says Trade Connect e-platform will help scale up trade.
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India’s trade with the UAE has risen faster after the signing of CEPA but 65 percent is still oil and jewellery-dependent
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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.
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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
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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not be a story but a reality; states needed to prioritise ease of doing business and decriminalisation acts governed by outdated laws.
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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
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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
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After the trip of a high-level ministerial delegation, Prime Minister Narendra Modi likely to visit Singapore in early September
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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
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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.
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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.
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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.
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Structural reforms and deeper and wider international ties need to be pursued to check the expanding trade deficit
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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.
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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.
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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.
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The World Tariff Profiles 2024 indicate that it’s high time for the country to shun the preference for protectionism
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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.
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Lowering import tariffs and a host of other measures can help enhance India’s GVC participation
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It also plans to launch a portal in the coming months that will allow exporters to report non-tariff barriers and determine if they are WTO-compliant
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The joint statement is more aspirational as both sides will have to address several issues to fulfil the stated objectives
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New Delhi should make the best use of the current momentum in global trade to ratchet up exports
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The proposed free trade pact is stuck because of a few sensitive issues on which both sides need a pragmatic approach
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Trade between India and Russia reached $65.7 billion in the financial year ending March, a 33% increase from the previous year.
