Page 47 - Trade

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

Want to wrap up trade deal with India within a year: Bangladesh

Bangladesh is in the advanced stage of talks with the Tata Group and Ashok Leyland for automotive investment in that country.

China utilising monopoly of rare earth trade as weapon against competitors

With the increasing tensions between Beijing and the Joe Biden administration in Washington and PM Scott Morrison's government in Canberra, China is utilizing its monopoly of rare earth trade

India to provide $1 million to BIMSTEC to increase its operational budget

PM Modi made the announcement in the backdrop of making early progress on the proposal of the BIMSTEC free trade agreement (FTA) to enhance mutual business.

Russia-Ukraine war: India eyes Mercosur deal to import crude sunflower oil

May have to reduce import duty, scrap strict requirements for S. American bloc

US recovery helped India achieve the $400-billion mark for exports

During the first 11 months of the fiscal year, outbound shipments to China grew at 7 per cent, with shipments valued at $19.8 billion.

Faltering Sri Lanka holds strategic importance for India, shows data

The share in India's total exports declined from 2.16 per cent in FY15 to just 1.3 per cent in the first 10 months of the current financial year.

Need to develop all-weather deep-water port in India, says Tharoor in LS

He said the development of ports in India is "important" as ships carry 90 per cent of the world's goods around the globe.

Sri Lanka reforms anti-terror law as European Union reviews trade scheme

Sri Lankan lawmakers on Tuesday approved reforms to a harsh anti-terror law that rights groups have long criticized, as the country looks to shore up its trade relations with the European Union

Trade delegation to Ethiopia announced

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FTP should be extended for six more months

No new ideas have emerged on what the new FTP should be, despite meetings with the stakeholders through the Board of Trade and Export Promotion Councils

Unprecedented sanctions against Russia to impair trade in Europe: IMF

Extraordinary sanctions imposed against Moscow over Ukraine war will weaken financial intermediation and trade and will surely lead to the recession, IMF officials said in a blog published on Tuesday

India, Canada to hold talks on proposed free trade pact on Thursday

India and Canada on Thursday will hold discussions on ways to strengthen economic ties and proposed free trade agreement between the two countries, the commerce ministry has said. Canadian International Trade Minister will be visiting India from March 10-13 to hold the fifth India-Canada Ministerial Dialogue on Trade and Investment (MDTI). The meeting will be co-chaired by Commerce and Industry Minister Piyush Goyal. "During the MDTI meeting, various bilateral trade and investment issues will be discussed in order to further strengthen the bilateral ties and economic partnership including India-Canada Comprehensive Economic Partnership Agreement (CEPA)," it said. The bilateral trade stood at USD 5.7 billion (exports USD 3 billion and imports USD 2.7 billion) in 2020-21 as against USD 6.7 billion in 2019-20. Major Indian exports to Canada include drugs and pharmaceutical products, iron & steel products, marine products, cotton fabrics and readymade garments and chemicals, while ...