Page 11 - Trade

How the US dollar became the world's most powerful reserve currency

What is a reserve currency? How did the dollar come to dominate global trade and finance? And why might some countries prefer to steer clear of the role altogether? Read on to find out

Textile sector: India needs to grab the opportunity amid tariff turmoil

India needs to reclaim the grounds which it has been losing over the last 15-20 years as one of the market leaders in textiles

One of first trade deals may be with India, says US treasury secy Bessent

Speaking to reporters after two early morning television interviews, Besssent said the first such trade agreement might come this week or next

Protecting India's trade interests with the US amid global uncertainty

In the uncertain global environment, India committing to a comprehensive FTA would be risky

Piyush Goyal meets UK business minister Reynolds to discuss trade deal

"The business and trade secretary will meet with the Indian Minister of Commerce in London today and tomorrow to progress negotiations on a UK/India free trade agreement," UK PM's spokesperson said

UP aims to triple exports to Rs 5 trn in five years with help of new policy

Uttar Pradesh is working on a policy to promote exports and triple the outbound shipment from the state to over Rs 5 lakh crore in the next five years by tapping new markets and products. To achieve the target, the state government is working on a new export policy for 2025-30 which is expected to be approved soon. The thrust of the new policy would be to increase exports three times by 2030 from Rs 1.7 lakh crore in 2023-24 through host of measures including capital subsidy and sops for exporters, UP Minister for Industrial Development and Export Promotion Nand Gopal Gupta Nandi said. "We have extensively studied export policies of various governments across the country and have incorporated best practices in the draft policy. Our aim is to increase UP's contribution in the country's overall exports substantially and the proposed policy will be a step in that direction," he said. The new policy also seeks to provide sops like capital subsidy to investors for developing export ...

PM Modi’s warning to Pahalgam attackers, Pak shuts airspace to Indian airlines, trade & more

Speaking at a rally in Bihar’s Madhubani today, PM Modi issued a strong response to the deadly militant attack in South Kashmir’s Pahalgam, vowing to track down and punish the terrorists.

India may export up to 700K tonnes of sugar this season: Isma member

The world's second-biggest sugar producer set the 1 million ton export allowance i9n January because the government and industry believed there was a surplus for overseas markets

Tariff shock risks hit India growth; policy reset, reforms needed

The answer lies in assessing the impact through both a cyclical and strategic lens

China warns nations not to team up against it to gain US reprieve

The US was the biggest single-country market for Chinese goods before the latest tariffs, but the Chinese government had been working for years to diversify its export markets

Govt defines 'proof of origin' for trade to boost ease of doing business

The government on Monday defined the 'proof of origin' for trade purposes to promote ease of doing business and prevent the possibility of misuse of trade pacts. To seek duty concessions, an importer has to furnish proof or a 'certificate of origin' of a product from the FTA (free trade agreement) partner. According to the circular of the Department of Revenue, proof of origin means a certificate or declaration issued in accordance with a trade agreement certifying that the goods fulfil the country of origin criteria. Certificate of origin is a key document required for exports to those countries with which India has trade agreements. An exporter has to submit the certificate at the landing port of the importing country. The document is important to claim duty concessions under free trade agreements. This certificate is essential to prove where the goods come from. Commenting on the move, Apparel Export Promotion Council (AEPC) Secretary General Mithileshwar Thakur said the customs

US tariff break a 'small step' in fixing wrongdoings, says Beijing

President Donald Trump's administration excluded smartphones, computers and other electronics from the increased import duties on Friday

Long-term plans won't be impacted by trade tariffs, says IndiGo CEO Elbers

India's largest carrier IndiGo is confident that the global events triggered by tariff hikes will not impact its long-term plans. The large domestic market, which includes a big untapped segment, will help airlines, the company's Chief Executive Pieter Elbers told PTI in an interaction. "Some of the more recent dynamics and the global scale are not changing any of our capacity (expansion) plans for next year," he said. He, however, said a major economy like India cannot be insulated from a major world event like the tariff wars. Elbers said the company is desirous of doubling its size by the end of the decade and the same will not be impacted. The long-term trajectory for the business is one of growth, and the company will not be affected if there is a quarter of a blip or higher achievement as well, he said. To a question on the duopoly in the Indian aviation market -- the Tatas are the only formidable competitors to Indigo -- and how he sees it going ahead, Elbers suggested tha

UK reduces import tariffs on everyday essentials in a bid to boost growth

The Department for Business and Trade (DBT) stated that the UK Global Tariff will face a temporary suspension for 89 products

'Zero-for-zero' tariff under proposed India-US BTA unlikely: Report

A 'zero-for-zero' tariff strategy under the proposed bilateral trade agreement between India and the US is unlikely, as the two countries are at different levels of economic development, official sources said. Certain trade experts have suggested that India can propose a 'zero-for-zero' tariff strategy to the US for addressing America's reciprocal tariff hikes. An official said that zero-for-zero tariffs can be possible between the US and the European Union (EU) as both are developed and advanced nations. The India-US agreement will always be a "package" deal that could include issues such as goods and non-tariff barriers, the official said adding "it does not happen like this that if he will do 'zero' in electronics, we will also do in electronics. Trade agreements do not happen like this. It is a wrong thinking". India and the US have been engaged in negotiating a bilateral trade agreement (BTA) since March. Both sides have targeted to conclude the first phase of the pact by fall

India eyes trade pact push as US pauses reciprocal tariffs for 3 months

In February, Prime Minister Narendra Modi and American President Donald Trump had announced the intention to finalise the first phase of a mutually beneficial BTA by the end of 2025

Indian exporters breathe sigh of relief on US reciprocal tariff pause

Industry players have adopted a 'wait-and-watch' mode

Trump tariffs: Who will have the last laugh amid policy flip-flops?

Mr Trump may temper his approach from time to time, but to think that he will change his basic philosophy is delusional

It is not over: Trump's tariff pause does not fundamentally change much

A tariff pause doesn't fundamentally change much

US reciprocal tariffs, market volatility cast shadow on India's M&A scene

Bankers say several big-ticket deals now on pause as buyers seek time to navigate valuation fog