Page 3 - Trade Ties

Here's what is at stake as India's relations with Canada take a major hit

On Tuesday, New Delhi dismissed the allegations as "absurd", and asked Canada instead to crack down on anti-India elements operating in its territory

Tense relations may not impact trade ties between India, Canada: Experts

The tense diplomatic relations between India and Canada are unlikely to impact trade and investments between the two countries as economic ties are driven by commercial considerations, according to experts. Both India and Canada trade in complementary products and do not compete on similar products. "Hence, the trade relationship will continue to grow and not be affected by day-to-day events," Global Trade Research Initiative (GTRI) Co-Founder Ajay Srivastava said. Certain political developments have led to a pause in negotiations for a free trade agreement between the two countries. On September 10, Prime Minister Narendra Modi conveyed to his Canadian counterpart Justin Trudeau India's strong concerns about the continuing anti-India activities of extremist elements in Canada that were promoting secessionism, inciting violence against its diplomats and threatening the Indian community there. India on Tuesday announced the expulsion of a Canadian diplomat hours after Canada asked

US, Chinese commerce officials express support for better trade conditions

US Commerce Secretary Gina Raimondo and her Chinese counterpart expressed support Monday for improving trade conditions as Raimondo began a visit to Beijing as part of U.S. efforts to improve chilly relations. Raimondo follows other American officials, including Treasury Secretary Janet Yellen in July, who have visited China in the past three months. They expressed optimism about improving communication but have announced no progress on disputes over technology, security, human rights and other issues that have plunged relations to their lowest level in decades. For its part, Chinese leader Xi Jinping's government wants to revive foreign investor interest in China as it tries to reverse a deepening economic slump. Beijing is ready to work together to foster a more favorable policy environment for stronger cooperation between U.S. and Chinese businesses and bolster bilateral trade and investment," Commerce Minister Wang Wentao told Raimondo. Wang gave no details of possible ...

Goyal, UK SoS Trade Bandenoch discuss further boosting trade relations

While appreciating the efforts of both the CNs, the Ministers desired a good pace of exchanges to be continued with a better understanding of each other's aspirations and sensitivities

Modi meets Egyptian counterpart, discusses deepening bilateral trade ties

Prime Minister Narendra Modi on Saturday discussed deepening trade and economic relations with Egypt in his first meeting with the India Unit, a new group of high-level Egyptian ministers led by his counterpart Mostafa Madbouly. Seven members of the Egyptian Cabinet, led by Madbouly, were present at the meeting with Modi, the first engagement in Egypt, where he arrived this afternoon after a three-day visit to the US. At the outset, the Prime Minister thanked Egypt for setting up the dedicated high-level India Unit and appreciated the government's approach. Discussions focused on deepening cooperation across a range of areas including trade & investment, renewable energy, green hydrogen, IT, digital payment platforms, pharma and people to people ties, External Affairs Ministry spokesman Arindam Bagchi said on Twitter. Egypt has traditionally been one of India's most important trading partners in the African continent. The bilateral trade between the two countries was USD 4.55 ...

Pak PM on two-day visit to UAE to ramp up bilateral economic, trade ties

Pakistan Prime Minister Shehbaz Sharif travelled to the UAE on Thursday on a two-day visit aimed at ramping up bilateral economic and trade ties, just days after the country's powerful Army chief General Asim Munir concluded his trip to the Gulf emirate. Sharif is leading a delegation of key ministers on his third visit to the UAE since becoming prime minister in April last year. He was received by UAE's Minister for Economic Affairs Touq Al Mari at Abu Dhabi airport. "My visit to the UAE is aimed at building on the conversation I have had with H.H. President Sheikh @MohamedBinZayed. We share a resolve & understanding that the continuous efforts need to be made to further strengthen trade, investment & economic relations," Sharif tweeted after landing in the UAE. Pakistan's Foreign Office said on Tuesday that Sharif will meet the UAE president Sheikh Mohammed bin Zayed with a particular focus on advancing economic, trade and investment ties between the two countries. "The two .

India-Australia trade agreement to greatly benefit MSMEs: Piyush Goyal

The interim pact between India and Australia, also known as Economic Cooperation and Trade Agreement (ECTA), has the potential to double bilateral trade to $50 billion in half a decade

India-Australia interim trade deal kicks in today after eight-month wait

The implementation of the interim trade pact, also known as Economic Cooperation and Trade Agreement (ECTA) has the potential to double the bilateral trade between the two countries to $50 billion

India's push for free trade negotiations: A status check of ongoing deals

Take a look at the status of the ongoing FTA negotiations by India

US, Africa seal $15 billion in trade investments during Washington summit

The United States committed to $15 billion worth of two-way trade deals with several countries in Africa during a summit in Washington this week, the White House said on Wednesday

RBI, UAE central bank discuss mechanism to trade in local currencies

Negotiations between India-GCC FTA expected in Jan-March quarter

Govt asks exporters to utilise and reap benefits of India-Australia FTA

There is a need to go beyond the usual buyer-seller meets and get more aggressive towards their ways to sell products in the Australian market, people aware of the matter told Business Standard

Australian Parliament clears path for free trade agreement with India

Both nations prepare for New Year roll-out; DTAA with New Delhi amended, too

India likely to join IPEF's first negotiating round next month in Brisbane

Shall be part of non-trade discussions in Brisbane on Dec 10-15

ESMA logjam: India, EU differences may impact trade between two countries

ESMA has this week said Indian clearing corporations will not be recognised as such in Europe because "no cooperation arrangements" could be signed between it and the Indian regulators

Great potential for India-US trade to grow: Treasury Secretary Janet Yellen

Asserting that India and the United States share a strong bilateral relationship, US Treasury Secretary Janet Yellen has said there is a great potential for the trade to grow between the two countries that will benefit their working people. She also said the US and India have a strong belief in democratic values and a commitment to upholding the rules-based international order, especially at this time of geopolitical risks. We have a very strong bilateral relationship with India. I expect we will discuss efforts to strengthen the resilience of supply chains, issues pertaining to climate change, our great global climate ambition and climate finance, Yellen told PTI in an exclusive interview on Monday. We certainly hope to deepen our trade relationship. We think there's great potential to grow our trade in ways that will benefit the working people of both of our countries, said the Treasury Secretary, who is headed to India later this week to participate in the US-India Economic and .

India, China trade crosses $100 bn during Jan-Sept; deficit up at $75 bn

India and China bilateral trade continued to boom, crossing USD 100 billion for the second year in the first nine months of 2022 while India's trade deficit climbed to over USD 75 billion, according to trade data released by Chinese customs. The total bilateral trade, amidst the military standoff in eastern Ladakh, went up to USD 103.63 billion, registering a 14.6 per cent increase compared to last year during the same period. China's exports to India climbed to USD 89.66 billion, registering an increase of 31 per cent, data released by China's General Administration of Customs (GAC) said. However, India's exports in the past nine months stood at USD 13.97 billion, registering a decline of 36.4 per cent. As a result, the total trade deficit went up to over USD 75.69 billion. Last year, the India-China bilateral trade hit a record high of over USD 125 billion crossing the USD 100 billion mark in a year when the relations touched a new low due to the standoff by the militaries in ..

'Eager' to secure trade deal with India, says UK's Home Secretary Braverman

Home Secretary Suella Braverman has said the UK is "eager" to secure a trade deal with India to boost both economies and that Brexit has meant that Britain no longer has a Eurocentric mindset towards trade or visas, days after she caused a stir with her "concerns" over what she feared could be an "open borders" approach in the ongoing trade talks with India. Addressing a Diwali event organised by UK-based India Global Forum (IGF) here on Tuesday evening, the Indian-origin Cabinet minister spoke of being a proud member of the British Indian community and hailed the contribution made by the Indian diaspora to British life. In an apparent effort to override her recent controversial remarks about Indians forming the largest group of visa overstayers, the minister said the UK's villages, towns and cities have been profoundly enriched by immigration from India. "Naturally, there is an economic imperative for our countries to work together, which is why we are so eager to secure a trade ..

Large Indian lenders shun direct rupee transactions in Russia trade: Report

Large Indian lenders are reluctant to process direct rupee trade transactions with Russia months after the mechanism was put in place for fear of becoming the target of sanctions by the United States

Uneven trade ties lead Kenyan policy makers to review plan towards China

The lopsided trade and investment ties with Beijing are gradually alarming the Kenyan policymakers and underscoring the need to review policy towards China