US TRADE
Piyush Goyal to hold meetings with G7 trade ministers in Italy next week Commerce and Industry Minister Piyush Goyal will participate in bilateral meetings with G7 nations' counterparts in Reggio Calabria, Italy, during the G7 Trade Ministers' Meeting outreach session on July 16-17. Discussions will focus on enhancing tr...
14 Jul, 2024, 01.05 AM ISTIndia, Qatar identify local currency trade, customs cooperation as focus areas Both sides identified several areas of focus for enhancing both bilateral trade as well as mutually beneficial cooperation sectors.
12 Jul, 2024, 08.12 PM ISTBudget 2024 Expectations: US-India forum seeks tax parity, duty relaxation on exports Budget Expectations: The US-India Tax Forum urges tax parity, corporate tax reform, and customs duty adjustments for Budget 2024-25. Essential proposals include capital gains tax changes, infrastructure investment, and sustainable development. The 3...
12 Jul, 2024, 01.34 PM IST- ADVERTISEMENT
Rupee trades flat at 83.53 against US dollar in early trade On Friday morning, the rupee remained flat at 83.53/USD amid strong crude prices and stock gains. Range: 83.50-83.54. Brent crude at 85.60 USD/barrel. Sensex up 226.11 pts to 80,123.45; Nifty up 82.1 pts to 24,398.05. US dollar index 104.49; softer ...
12 Jul, 2024, 10.20 AM ISTSurging: Russia-India trade USD 57 bn in 2023; goes up 23 pc in Jan-April 2024 Russian First Deputy Prime Minister Denis Manturov emphasized the strategic importance of the India-Russia partnership, noting a significant boost in trade turnover. The trade between the two nations surged to USD 57 billion in 2023 and continued it...
10 Jul, 2024, 09.27 PM ISTModi visit opens opportunities for India in Russian Arctic endowed with rare earth, crude At their meetings, Modi and Russian President Vladimir Putin discussed optimum use of the Northern Sea Route (NSR) via the Arctic and possible use of nuclear-powered icebreakers of Rosatom in that terrain, ET has learnt.
10 Jul, 2024, 06.36 PM ISTIndia’s trade dependence on China, EU rose in Q1 of 2024, says UNCTAD The UNCTAD nowcast predicts a stronger positive trend for the second quarter of 2024, projecting an approximate 2% increase for the first half of 2024. This increase is expected to add around $250 billion to goods trade and about $100 billion to ser...
02 Jul, 2024, 11.51 PM ISTGoods trade up 1% in first quarter of 2024: WTO World merchandise trade volume increased by 1% in the first quarter of 2024 compared to the previous quarter, with a 1.4 per cent rise from the same period in 2023, according to the World Trade Organization (WTO). Despite Europe experiencing a decli...
02 Jul, 2024, 11.11 PM ISTCommerce ministry developing platform for registration, resolution of non-trade barriers "We are making a portal so that we can prioritise all the NTBs. Traders will register their complaints and the ministry will pursue that," the official said. In cases where the barrier is impacting a large volume of goods will be prioritised for the...
02 Jul, 2024, 04.29 PM ISTIndia imposes anti-dumping duties on three Chinese products On hydraulic rock breakers, the duty ranged between 4.55 per cent and 162.5 per cent of CIF (cost, insurance, freight) value in US dollars. The duty was also imposed on these goods coming from Korea. These breakers are used in the construction and m...
27 Jun, 2024, 11.01 PM ISTIndian exports: How Modi 3.0 can navigate the protectionist tides in advanced economies like US and EU India has transitioned from a decade of single-party rule to a new era of coalition politics, causing concern among stock market investors about potential slowdowns in economic reforms. Rising protectionist measures from advanced economies like the ...
08 Jun, 2024, 11.09 PM ISTStock disclosure rules for yellow peas tightened as importers refuse to sell Importers of pulses in India have urged the central government to impose an import duty on yellow peas due to the adverse impact of inexpensive imports on domestic market prices. Expressing worry over importers withholding significant quantities of ...
07 Jun, 2024, 11.41 PM ISTChina's exports grow 7.6% in May, beating expectations despite trade tensions In May, China's exports surged by 7.6% year-on-year to $302.35 billion, surpassing expectations, despite ongoing trade tensions. Imports, however, grew only by 1.8%, missing forecasts of 4% growth. This led to a widened trade surplus of $82.62 billi...
07 Jun, 2024, 09.53 AM ISTEU carbon tariff: India preps for a fight at WTO India is considering challenging the European Union's Carbon Border Adjustment Mechanism (CBAM) at the World Trade Organization, which mandates non-EU steel producers to report emissions, impacting sectors like iron and steel, cement, and more.
31 May, 2024, 05.30 AM ISTIndia’s $48 bn input subsidy for power and agri raises hackles WTO members, including the US and UK, have raised questions about India's $48 billion farm input subsidies for 2022-23, which have been attributed to inflation and rising fertilizer costs. India explained that these subsidies are mainly for power, i...
27 May, 2024, 11.44 PM ISTIndia in trade deficit with nine of top 10 trading partners in 2023-24 The trade deficit with China rose to USD 85 billion, Russia to USD 57.2 billion, Korea to USD 14.71 billion and Hong Kong to USD 12.2 billion in 2023-24 against USD 83.2 billion, USD 43 billion, USD 14.57 billion and USD 8.38 billion, respectively, ...
26 May, 2024, 02.04 PM ISTIndia, China have agreed to cooperate in paying in local currency for imports: Maldives Maldives' Economic Development Minister Mohamed Saeed said he met with the Indian High Commissioner Munu Mahawar two weeks ago, who in turn, said that New Delhi would support and cooperate in arranging for the settlement of import payments in Indian...
22 May, 2024, 02.12 PM IST'US-China trade war escalation may lead to dumping of goods in India': GTRI The US on Tuesday reignited the trade war with China by announcing a series of proposed tariff increases on imports including electric vehicles (EVs), batteries, and various other goods.
14 May, 2024, 10.31 PM ISTChina overtakes US to become India’s top trading partner in FY24 In the fiscal year 2023-24, China has overtaken the US as India's largest trading partner, with a total two-way commerce of $118.4 billion, as per the data from the economic think tank GTRI. India's exports to China rose by 8.7 percent to $16.67 bil...
12 May, 2024, 11.00 AM ISTIndian exports up in 115 nations out of 238 destinations in 2023-24 Despite global economic uncertainties, India's exports increased to 115 countries out of 238 destinations in 2023-24. The merchandise exports slightly declined by 3% to USD 437.1 billion, while services exports rose to USD 341.1 billion. Overall exp...
09 May, 2024, 03.39 PM IST