Page 14 - India Trade

Overseas funds pullout exceeds $3 bn in Jan amid geopolitical uncertainty

Highest in 12 months; Most among EM peers; Rising bond yields trigger risk off bets

The Red Sea crisis: Imported fertilisers paint mixed price picture

Annual fertiliser subsidy would remain within the FY24 Budget estimate of Rs 1.75 trillion and could have been lower had the crisis not erupted

Commerce department mulls strategy to help industry leverage FTAs better

The government also plans to set up a digital architecture to help the industry overcome the challenges that are specific to FTAs

WTO meet: India to bargain for 'poor fishermen' in developing countries

The discussion comes against the backdrop of the global trade body trying to build a consensus on an agreement that aims to curb subsidies contributing to overcapacity and overfishing

India likely to resume Iran crude oil imports due to Houthi threat

The issue may have been discussed during recent bilateral meetings between the countries last week when External Affairs Minister S Jaishankar travelled to Iran

Red Sea crisis: Comm dept asks FinMin to maintain credit flow to exporters

Shipping ministry asked to monitor trade volume at major ports in India

Red Sea crisis may nudge US buyers to source goods from East Asia

Indian exporters apprehend that unless the hostilities in the Red Sea end quickly, the buyers in the United States (US) will prefer East Asian sources

'Crossed $200 bn in trade': USISPF President points to strong India-US ties

Mukesh Aghi, President and CEO of USISPF emphasized collaborative efforts in areas such as engines, quantum computing, artificial intelligence (AI), cybersecurity, and space partnerships

US to India: Ensure personal computer import rules don't hurt trade

The DGFT clarified that the present monitoring would apply to five specified products and not to all other items, such as desktop computers

Inter-ministerial meet next week over issues on trade from Red Sea crisis

The commerce ministry has called a high-level inter-ministerial meet next week to discuss ways to insulate India's trade from the ongoing problems in the Red Sea, a senior official said on Thursday. Senior officials from five ministries -- external affairs, defence, shipping and finance and commerce -- will participate in the deliberations. The commerce ministry has also set up an internal strategic group, comprising additional secretaries of the ministry, to discuss global issues impacting the country's trade on a daily basis and prepare a strategy to deal with them. "The idea of the inter-ministerial meeting is to see how we can strategise our trade so that it gets least affected in such a situation," the official said. The situation around the Bab-el-Mandeb Strait, a crucial shipping route connecting the Red Sea and the Mediterranean Sea to the Indian Ocean, has escalated due to recent attacks by Yemen-based Houthi militants. Due to these attacks, the shippers are taking ...

Since pandemic, India-Maldives trade has surged even as investments lag

India exported goods worth $2.6 billion to Maldives between 2013-14 and 2022-23 and imported $644 million from Maldives in the same period

India's exports may plunge $30 bn owing to disturbance in Red Sea

Yemen's Iran-backed Houthi militants have targeted vessels transiting through the Red Sea with missiles. The Houthis say they are going after any vessels that have a connection with Isreal

Known unknown

Red Sea crisis will affect global trade

Problems in Red Sea impacting exports; increasing freight, insurance costs

The escalation of troubles in the Red Sea has started impacting India's exports as shippers have to take longer routes to reach destinations in the US and Europe, an official has said. The situation around the Bab-el-Mandeb Strait, a crucial shipping route connecting the Red Sea and the Mediterranean Sea to the Indian Ocean, has escalated due to recent attacks by Yemen-based Houthi militants. Due to these attacks, the shippers are taking consignments through the Cape of Good Hope, resulting in delays of almost 14 days and also higher freight and insurance costs. The issues being faced by the concerned stakeholders were discussed at a high-level meeting in the commerce ministry on January 4. Stakeholders, including traders, shippers, container firms and freight forwarders were there at the meeting. "They told us that freight cost has increased. They have to take a long route now and due to that, the turnaround time has increased. It has increased by 14 days," the official said. Ex

DefMin providing security escort for container ships around Red Sea

Tankers have been avoiding the Red Sea after the Houthi militant group stepped up maritime attacks against commercial vessels

No reason for high tariffs on cars from UK, EU: Maruti Suzuki's RC Bhargava

Maruti Suzuki chief says costs of many models 20-30% lower in India

Problems in Red Sea will not impact India's maritime trade: Shipping secy

Ports, Shipping and Waterways secretary T K Ramachandran on Wednesday said the problems in the Red Sea will have "no impact" on India's maritime trade with the rest of the world. The situation around the Bab-el-Mandeb Strait, a crucial shipping route connecting the Red Sea and the Mediterranean Sea to the Indian Ocean, has escalated due to recent attacks by Yemen-based Houthi militants. Asked will the Red sea developments have any impact on India's maritime trade, he said, "no impact". The strait, vital for 30 per cent of global container traffic, has seen increased tensions with various incidents in 2023, including attacks and military manoeuvres by regional and global powers. The Bab-el-Mandeb Strait, also known as the "Gate of Tears" in Arabic, is a crucial trade route that connects the Mediterranean Sea and the Indian Ocean via the Red Sea and the Suez Canal. It separates Africa from the Arabian Peninsula.

Statsguru: Neighbourhood ties weaken as global economic partnerships evolve

The share of its neighbours in India's trade shows signs of weakening from an already low base amid a review of regional trade agreements

Jaishankar-Lavrov talks to focus on trade in national currencies, banking

Hydrocarbon development in the Arctic Shelf and Russian Far East to be discussed, Russian Foreign Ministry has said

Centre plans national ranking of all ports amid rapid rise of private ports

The ministry of ports, shipping and waterways has communicated to all port authorities its intent of setting up this database. It has sought various datasets for these rankings, officials said