Trade

UPITS 2026 aims to connect nine million MSMEs with global buyers, targeting ₹20,000 crore in business opportunities and boosting Uttar Pradesh's export ambitions

West Asia's economic transformation presents India with new opportunities in infrastructure, trade, logistics and digital partnerships, strengthening regional integration

The UN trade agency said vulnerable economies could continue to face elevated food, fuel and transport costs even after energy markets stabilise following the reopening of the Strait of Hormuz

The Board of Trade (BoT), chaired by Commerce and Industry Minister Piyush Goyal, is scheduled to meet on July 3 to leverage benefits from recent trade pacts and to discuss strategies for accelerating the country's exports, an official said. The BoT includes participants from various states, Union territories, and senior officials from the public and private sectors. In the meeting, representatives of export promotion councils, along with other participants, will present their views on the export sector. "The BoT is meeting on July 3 here," the official said. The last meeting of the board was held on November 25, 2025. The meeting is important as India has implemented five free trade agreements (FTAs) since 2021 with Mauritius, Australia, the UAE, Oman, and the four-nation European EFTA bloc. It has also signed a pact with the UK, which will come into force on July 15. The trade pact with the 27-nation EU is expected to be signed by the end of this year and may come into force ne

Russia and India are working on increasing bilateral trade volumes, Kremlin spokesman Dmitry Peskov said on Wednesday, as the two countries pursue a trade target of USD 100 billion by 2030 from USD 60 billion now. Peskov, who attended the 12th Primakov Readings international academic and expert forum, also said that Russia and India share a notably privileged partnership. He said that Russia and India are working to expand trade and economic relations. "We are pleased to note that this volume is showing a steady uptrend. We will keep working along these lines." During President Vladimir Putin's visit to India in December last year, the two countries set the bilateral trade target of USD 100 billion by 2030. "India is the world's most populous country, one of the fastest-growing economies, and a nation brimming with potential across all sectors," Peskov was quoted as saying by the state-run TASS news agency. "Our relationship is further reinforced by our joint participation in vari

Surge in shipments to smaller markets offsets weak demand from US and West Asia in April

Trade deficit with Vietnam widening since FY19

The US and 17 WTO members launched a separate pact to avoid e-commerce duties after talks failed to extend the WTO's long-standing digital trade moratorium

India and New Zealand have signed a free trade agreement to boost trade, investment, and mobility. Though current trade between the two remains limited, the pact is expected to support India's exports

Unlike trade in goods, where tariffs dominate, services face regulatory and structural barriers like data-localisation rules, licensing requirements, restrictions on foreign ownership, and compliance

In submissions to USTR, industry bodies flag risks to supply chain ties

The Trump administration will impose tariffs of as much as 100% on certain imported medicines, albeit with several major exemptions.

Study highlights how AI-driven sales planning, execution and backend automation can transform general trade channels and unlock significant revenue growth

Almost everything you use - your phone, fuel, even everyday essentials - travels through critical maritime routes. Even a single disruption can ripple across the world, driving up costs, delaying ship

At WTO MC14, the US seeks to make the e-commerce duty moratorium permanent, while India resists, citing revenue loss concerns and the need for policy space

US tariffs cuts have revived Punjab's textile and engineering sectors. Factories in Ludhiana, once running at 70-75% capacity, are ramping up production, restarting expansions, and planning to hire

Asia and Africa together account for over 40 per cent of global agricultural production and bilateral agri-trade already exceeds $90 billion annually

India and Canada step up energy cooperation with a $1.9-billion uranium deal as New Delhi pushes its nuclear expansion under the Nuclear Energy Mission for Viksit Bharat

Goyal said India is closely watching the evolving situation following the US SC's verdict, and will continue to engage with Washington for best possible opportunities in the interim trade deal