Page 47 - Trade

Pakistan to consult coalition partners on importing goods from India: FM

Pakistan's Finance Minister Miftah Ismail said on Wednesday the government will consider importing goods from India after consulting its coalition partners and key stakeholders, as the cash-strapped nation seeks to stablise soaring food prices triggered by flash floods that have wrought havoc across the country. The idea to import edible goods from India was first floated by the finance minister on Monday, when the country's death toll crossed 1,100 and hundreds of thousands of people were displaced, and thousands of acres of crops were destroyed. More than one international agency has approached the govt to allow them to bring food items from India through the land border. The govt will take the decision to allow imports or not based on supply shortage position, after consulting its coalition partners & key stakeholders, Ismail said in a tweet. Meanwhile, Pakistan has decided to import onions and tomatoes from Iran and Afghanistan in the wake of an impending food crisis triggered

Goyal reviews ongoing FTAs; deliberates ways to fast track negotiations

India is currently negotiating trade deals with developed nations such as the United Kingdom (UK), Canada and the European Union (EU).

Will consider importing vegetables, other edible items from India: Pakistan

It looks to import vegetables and other essential food items amid devastating floods

Globalisation shocks that could help India

The long-term consequences of the shocks could be very serious for China

India topped list of trade-related concerns at WTO in 2021 with 35% share

Issues were raised about India's-policy on tyres, import curbs on ACs, quality norms for copier paper and caustic soda, GM-free certification for imported food items, among other things

Kolkata port to undertake trial runs for cargo movement using B'desh ports

The Kolkata port will undertake four trial runs before the implementation of an agreement on the use of neighbouring Bangladesh's Chittagong and Mongla ports by India for trade, an official said

India got highest aid for trade from developed countries in 2020

The total disbursement during 2020 was $48.7 billion, which translates to India getting 4 per cent of the disbursements

Trade settlement in rupee: Banks seek clarity on fund repatriation

Banks also raised the question to the RBI as to why the surplus balances in Vostro accounts could only be invested in government securities and not corporate debt

Share of dollar, euro in Indian trade payments up 30% since 1990s: IMF data

Research shows effect of dollar fluctuations on bilateral trade; RBI mechanism to pay in Indian rupees may help settle trade with Russia and Sri Lanka, remove risks of dealing in greenback

RBI allows settlement in rupee to settle trade with Russia, Sri Lanka

Exchange rate of two trading partners may be market determined, says central bank

Sebi permits FPIs to deal in exchange-traded commodity derivatives

The regulator has also prescribed a working group to examine whether measures towards any additional risk management are required to be prescribed for FPIs

Adani, LG among 15 firms chosen by DPIIT for round-2 of white goods PLI

Rs 1,368 cr committed for manufacturing ACs and LED light components; Total production pegged at Rs 25,583 crore over five years, with 4,000 direct job opportunities

Until US, China enact reforms, WTO will continue to fade into irrelevance

China has benefited far more from the WTO than any other trading nation; it should step up and take responsibility for keeping the organization afloat by redefining its role

WTO provisionally agrees to extend e-commerce tariff moratorium: Report

The prospect of ending the moratorium, which has exempted data flows from cross-border tariffs since 1998, had raised major concerns among businesse

What is a 'fat-finger trade' or freak trade?

Did you know that at times a wrong entry on a keyboard by a stressed trader can also bring down shares of any mighty company? It is known as fat finger syndrome. Let us know more about it.

US surpasses China as India's biggest trading partner in FY22 at $119.42 bn

The US surpassed China to become India's top trading partner in 2021-22, reflecting strengthening economic ties between the two countries

WEF 2022: Digital reforms of customs may increase intra-African trade

The report, Growing Intra-Africa Trade through Digital Transformation of customs and borders, presented on Tuesday at WEF 22 annual meeting called for more integrated digital reforms

New UK sanctions against Russia, Belarus target $2 billion worth of trade

The British government specified that Russia is one of the leading platinum and palladium producing countries and that its related imports to the United Kingdom had been significant

UAE Minister of Economy to lead high-level business delegation to India

UAE's minister for small and medium enterprises is also part of the delegation.

Australia hopes digital trade agreement with India by the year-end

The outbreak of the global pandemic has impacted Australia's investment in India to a degree consistent with trends elsewhere in Asia