Page 10 - Global Trade

RBI took steps to promote rupee as preferred currency for global trade: FM

RBI asked banks to put in place additional arrangements for export and import transactions in Indian rupees in view of increasing interest of the global trading community in the domestic currency.

Fragmentation of global trade leads to sub-optimal outcomes

The tensions near Taiwan go up at a time when the relations between Russia and the US and its allies are at rock bottom

Keeping Europe warm this winter will come down to Asia's weather amid war

The Asian countries, among the world's biggest importers of liquefied natural gas and seaborne coal, all share a peak heating demand season during the winter with Europe

SL foreign trade up despite economic crisis; exports to India grow 21%

Sri Lanka's exports grew 21 per cent during the first six months of the year and earned USD 5 billion for the crisis-hit country, according to official figures released on Friday. Sri Lanka's exports to India too witnessed an over 21 per cent increase assisted by increased exports of animal feed (19.26 per cent), Arecanuts (95.96 per cent) and textile (47.76 per cent) during January to June, the Export Development Board said. India is placed third behind the US and UK as the biggest export market for Sri Lanka. Exports to the United States, Sri Lanka's single largest export destination, increased by 46.16 per cent to USD 323.65 million compared to the month of June 2021. The better performance was led by an increase in exports of apparel & textile (29.68 per cent) and coconut-based products (26.8 per cent), according to a press release. The exports to US recorded USD 1,687.73 million worth of exports in the period of January to June 2022 a significant year-on-year increase of ...

India got highest aid for trade from developed countries in 2020

The total disbursement during 2020 was $48.7 billion, which translates to India getting 4 per cent of the disbursements

Settling trade in rupee: FTP tweaks may allow traders export benefits

It is not clear if the changes will be part of the existing FTP or the new policy that the DGFT hopes to unveil in Sept

Glimmers of hope as WTO's global trade talks stretch into final day

Ministers from 100 countries are gathering at WTO's headquarters in Geneva this week to discuss international trade talks

WTO chief warns of 'bumpy' road as ministers work to reach deals

The WTO chief insisted that trade has lifted 1 billion people out of poverty, but poorer countries - and poor people in richer ones - are often left behind

Need to make our banks key part of global trade: PM Narendra Modi

Modi said India has developed various financial inclusion platforms and there is a need to create awareness about them for their optimum utilisation

With a chapati crisis brewing at home, can India afford to feed the world?

As global temperatures rise 2 degrees Celsius or more above pre-industrial levels, the country's chapati challenge is only going to become more urgent

Explained: What's in Biden's proposed Indo-Pacific Economic Framework

The framework has 13 members including Australia, Brunei, India, Indonesia, Japan, South Korea, Malaysia, New Zealand, the Philippines, Singapore, Thailand and Vietnam

WEF at Davos needs to identify solutions instead of just problems

On paper, the upcoming Davos meeting would be perfectly suited for resolving these conflicts. History, however, does not provide much encouragement or optimism

World Economic Forum 2022: Who's visiting Davos and what's the agenda?

The meeting is centered around the theme History at a Turning Point: Government Policies and Business Strategies

Indian-American Arun Venkataraman sworn in as US asst secy of commerce

Arun Venkataraman, a leading Indian-American has been sworn in as the Asst. Secretary of Commerce for Global Markets and Director General of the US and Foreign Commercial Service

Crisis in Ukraine could slash global trade growth by half in 2022: WTO

The projection, based on a global economic simulation model, was made by the World Trade Organization (WTO) Secretariat in a note issued on Monday

Centre extends foreign trade policy by another six months till Sept 30

The development comes amid disruptions in global trade due to month-long tension between Russia and Ukraine

2021, the year that was: 'Glocal' pandemic shocks, just as demand revived

The third of the year-ender series focuses on how Indian businesses suffered two global supply dislocations

What is the road ahead for Indian exports; will momentum continue?

India's goal of clocking $400 bn in merchandise exports looks attainable this year. Look at the factors that are contributing to India's export growth and the risks that threaten to stall the momentum

Global trade momentum slowing down

The United States continued to maintain high tariffs on goods from China that the Trump administration had imposed but that didn't seem to hurt China much

Commerce ministry likely to soften stance on 21st century issues at WTO

The commerce secretary said including 21st century issues in bilateral deals would bring both opportunities and challenges for Indian industry