Page 42 - Trade

A dispute lost

Electronics tariffs must be temporary at best

As India and Russia discuss FTA, the elephant in the room is rupee trade

Finding alternative paths to buy oil from states under Western sanctions is stretching the government and RBI's creativity

Fuel, electronics exports lead India's post-pandemic trade basket rejig

For FY23, merchandise exports grew 6 per cent to $447 billion mainly due to robust growth during the first six months of FY23

India will work with Russia to resolve trade imbalances: Jaishankar

He further said that there is a need to motivate business on both sides

Russia's Gazprombank deepens ties with Indian banks for bilateral trade

Trade between India and Russia has surged since the West imposed sanctions against Russia for its invasion last year of Ukraine, which has altered flows of oil and other goods

India-US trade rose by 8% to $128.55 bn in 2022-23, fell 1.5% with China

Exports to the US rose by 2.81 per cent to $78.31 billion in 2022-23 as against $76.18 billion in 2021-22, while imports grew by about 16 per cent to $50.24 billion

Future of exports

India needs to do more to integrate with the world

Weekend Bites: IT isn't hot, Taxes, Trade, Musk, and Netflix Chronicles

In which we munch over the week's platter of news and views

India-EU free trade agreement to promote economic ties: Sanjiv Puri

Signing of free trade agreement between India and the European Union would help promote economic ties between the region and New Delhi. Vice President CII and Chairman and Managing Director, ITC Ltd, Sanjiv Puri, emphasised that signing of India-EU free trade agreement could be a catalyst for further enhancing India-Italy relationship, the commerce ministry said in a statement. He was speaking at the CEOs Business Interactive session organised here in association with the Confederation of Indian Industry (CII) and Confindustria on April 13. He was accompanying commerce and industry minister Piyush Goyal here. Goyal had meetings with CEOs of some prominent Italian companies like SOL, SpA, Piaggio, CIBJO, Nayara Energy and Enel Green Power. The minister explained to them the investment climate in India, the policy reforms and the potential of investing and expanding in India. The CEOs informed the minister that they were looking at expanding operations in India for catering to the

Quest for value chains and exports

There are critical shortcomings in India's export policy that need to be tackled to expand its share of goods trade. Here are three suggestions that merit consideration

India, France's trade ministers discuss progress on India-EU trade pact

Trade ministers of India and France have held discussions related to the ongoing talks for a free trade agreement between India and the European Union, the commerce ministry said on Wednesday. Commerce and Industry Minister Piyush Goyal was here to attend India-France Business Summit and CEOs roundtable meet. He held bilateral meetings with several CEOs and French minister for Foreign Trade, Economic Attractiveness and French Nationals Abroad Olivier Becht. The ministers discussed priority areas related to India - EU FTA (free trade agreement) negotiations where issues related to market access were deliberated," it said. Goyal also said India is looking to buy 2,000 commercial aircraft in the next 10 years and there is a huge opportunity to make commercial aircraft in India to meet domestic and international demand. With the purchase of Rafale and the recent Airbus order, more value has been added to this partnership, he added. In January last year, India and the EU resumed ...

Nepal, China to resume two-way trade via key border points from today

'We have agreed to have full operation of Rasuwagadhi/Kerung exit and entry point for two-way trade and people to people movement from April 1,' Secretary Marasini told

UK to join Indo-Pacific free trade bloc in major post-Brexit pact

The UK believes membership will give it a role in setting regional trade rules over the coming decades

'India ready for rupee trade with countries facing currency crises'

Commerce Secretary Sunil Barthwal on Friday said India is ready to trade in Indan Rupee with countries which are facing currency failure or have dollar shortage. Speaking after the unveiling of Foreign Trade Policy (FTP) 2023 which seeks to increase India's exports to USD 2 trillion by 2030, the secretary also said the government is focusing on strengthening the rupee payment system. Changes have been made in the FTP to allow international trade settlement in Indian Rupee with a view to making INR a global currency. Addressing the gathering, Commerce and Industry Minister Piyush Goyal exuded confidence that the export target of USD 2 trillion by 2030 will be met. He stressed that any industry cannot succeed only on the basis of subsidy or crutches. In the coming days, the idea of exports will change in the country, Goyal said. FTP 2023 has been announced to provide policy continuity and a responsive framework, said Director General of Foreign Trade (DGFT) Santosh Sarangi. The FT

Govt releases Foreign Trade Policy 2023, eyes $2 trn export target by 2030

India is likely to end this fiscal year with total exports of $760-770 billion as against $676 billion in FY22

G20 working group talks ways to make trade work for growth, prosperity

Minister of State for Finance Bhagwat Karad, who addressed the inception meeting of the TIWG in Mumbai spoke about the widening gap between developing and developed countries

G20 Sherpas meet to take stock of work under India's Presidency

Kumarakom in Kerala to host 3-day meet from tomorrow

G20: Working group meet calls for paperless international trade

An official statement said digitalisation of international trade could be an effective solution towards achieving cost reduction in trade and trade finance

India has made sustained efforts to achieve balanced trade with China: Govt

The PLI schemes envisage a cumulative $21 billion investment

Indian Chamber of Commerce and Industry welcomes Tamil Nadu Budget

The local chapter of Indian Chamber of Commerce and Industry on Monday welcomed the Tamil Nadu Budget, particularly with the announcement of Metro Rail Project for Coimbatore allocating Rs 9,000 crore. State Finance Minister Palanivel Thiaga Rajan presented the budget for 2023-24 in the Assembly today. In a statement, Chamber president B Sriramulu appreciated and thanked Chief Minister M K Stalin for announcing allocation of Rs 77,000 crore for developing Mega Power Project generating 14,500 MW of power by 2030. This will support industrial development and overcome power shortage problem, he said. To felicitate the students from Tamil Nadu to get trained to appear for Civil Services exams, he said the stipend of Rs 7,500 per student each for a period of 10 months will motivate them from this region to join the Civil Services. The announcement for integrated projects for planned development to be launched for Coimbatore Ezhilmigu Coimbatore and allocating Rs 172 crore for Semmozhi