Page 3 - Trade Policy

India must prepare for greater responsibilities: NITI Aayog's Suman Bery

Echoing a growing sentiment from the top echelons of the government, Bery expressed disappointment over India Inc's reluctance to invest substantially in the economy

Economic Survey flags rising imports, services sector remains key export driver

A sharper rise in imports, which grew by 6.9 per cent to $682.2 billion, widened the trade deficit from $69.7 billion in 2023 to $79.5 billion in FY25 (April-December)

What does Union Budget 2025 have in store for India's trade policy?

Since the IES expired on December 31, the commerce department is seeking approval for a slightly modified version of the scheme to cover at least MSMEs

US global 'supplemental tariffs' to target trade-surplus countries

Trump has not yet announced higher tariffs on China, although he mentioned a 10 per cent tariff hike over a month ago

Year in review: Energy woes to AI boom, top global economic trends of 2024

From continuing energy market volatility driven by geopolitical tensions to the AI boom transforming industries, economic trends have been anything but predictable

Govt aims to secure Russian crude oil term deal by next financial year

Falling crude prices, shrinking global demand growth, and Rosneft's focus on India, make the timing right

Asia-Pacific credit volatility expected in 2025 amid slow growth: S&P

Forecasts on credit conditions become unstable as trade and foreign policy under Trump 2.0 administration remain unclear

Sensible trade policy key to tackling climate change on a global scale

A key agreement at Baku was on establishing high integrity carbon markets, following a breakthrough on establishing standards for a centralised international carbon market

India, EU FTA negotiation priority, both sides pushing for early deal: MEA

During their bilateral talks at the Laxmi Vilas Palace in Vadodara, PM Modi and Sanchez discussed a wide range of topics, including trade, defence, and technology collaboration

India ramped up Russia crude oil imports in June quarter: Govt data

Growth set to build on June qtr's $14.7 bn oil inflows amid competition from UAE, Iraq

Govt looking at revising FDI policy, says commerce secretary Barthwal

Currently, the share of FDI equity inflows is a mere 0.01 per cent of the total inflows

India flagged concerns with Russia over non-tariff barriers: Commerce secy

The trade between both countries expanded rapidly over the last two financial years

Non-tariff barriers: Centre readies steps to ease exporters' woes

Sets up panel, identifies challenges, to launch portal soon

Brics to look at expansion as Russia proposes to add 10 partner countries

Russia has made "developing modalities for interaction with Brics partner countries" one of its key priorities for the Kazan Summit

India eyes multiple mineral pacts with about a dozen countries in Africa

Private players will be invited to take part in exploration, trade within those countries

WTO pares down projected merchandise trade volume growth to 2.6% for FY24

India's merchandise exports in value terms are expected to contract by 1-1.5 per cent in 2023-24 after two consecutive years of growth

US names Brendan Lynch as assistant USTR for South and Central Asia

For the past 11 years, Lynch has been a member of the USTR team, serving in several capacities related to the South and Central Asia region

India limits market access in financial services to EFTA countries

The FTA text says the opening of branches by foreign banks in branch or wholly-owned subsidiary (WOS) mode shall also be subject to the requirements

India's trade pacts with EFTA positive signal of economic integration: GTRI

Successful conclusion of India's proposed trade agreements with the UK, Oman and four European nation bloc EFTA will reflect its commitment to trade liberalisation and economic integration at a time when the whole world is turning protectionist, according to a report. Economic think tank Global Trade Research Initiative (GTRI) said the free trade agreements (FTAs) have become pivotal instruments for India's economic expansion and integration into the world market. These nations and the bloc are eager to finalize these agreements before the upcoming general elections, GTRI said, adding the talks are on the verge of conclusion. Signing of these three agreements will take India's FTA tally from 13 to 16. Number of countries with comprehensive FTAs will go up from 22 to 28. In addition India has six small scope PTAs (preferential trade agreements). Last pact was signed with Australia in March 2022. "Everyone wants to do an FTA with India. The main reason for this is India's high impo

Rajasthan's trade bodies flag increasing production cost concerns

Industries, including firms in the micro, small and medium enterprise (MSME) sector, are finding it difficult to survive the competition due to higher costs compared to neighbouring states