Page 48 - Trade
Russia's invasion of Ukraine, sanctions leave global trade in tatters
Since Russia's invasion of Ukraine, hundreds of tankers and bulk carriers have been diverted away from the Black Sea
 "Russia's invasion of Ukraine, sanctions leave global trade in tatters")
Piyush Goyal calls for increasing India's share in global trade to 10%
Goyal called for taking India among the top three nations in Global Services Trade.
 "Piyush Goyal calls for increasing India's share in global trade to 10%")
Ambuja Cements, Nuvoco Vistas gain up to 6% on heavy volumes; here's why
Shares of state-owned construction & engineering company NBCC (India), meanwhile, soared 13 per cent to Rs 39 on the BSE
 "Ambuja Cements, Nuvoco Vistas gain up to 6% on heavy volumes; here's why")
German exports to non-EU countries increases by 10.5% in January
The US remained the largest market for German exports
 "German exports to non-EU countries increases by 10.5% in January")
Services exports may reach $325 billion in fiscal year 2023: SEPC
SEPC chairman said by the end of the ongoing fiscal year, services exports would reach about $250 billion
 "Services exports may reach $325 billion in fiscal year 2023: SEPC")
United Arab Emirates, India to sign trade, investment deal on Friday
UAE de facto ruler Mohamed bin Zayed Al Nahyan and Indian Prime Minister Narendra Modi will witness the signing of the UAE-India Comprehensive Economic Partnership Agreement (CEPA).
 "United Arab Emirates, India to sign trade, investment deal on Friday")
Australia's trade minister to visit India to further FTA negotiations
Australia's Minister for Trade, Tourism and Investment Dan Tehan will travel to India on Wednesday
First round of India-UK free trade agreement negotiations complete
The second round of negotiations is scheduled to take place from 7 to18 March
 "First round of India-UK free trade agreement negotiations complete")
India, central Asian countries pitch for boosting trade, connectivity
Leaders of five central Asian countries welcomed India's proposal to establish a joint working group to boost connectivity to the region through the Chabahar port in Iran
 "India, central Asian countries pitch for boosting trade, connectivity")
Electronic goods exports up 49% in April-December 2021, says govt
Top five export destinations were the US, UAE, China, Netherlands and Germany
 "Electronic goods exports up 49% in April-December 2021, says govt")
India-South Africa trade exceeds $10 billion target set by leaders
This was despite the restrictions posed by the Covid pandemic in both countries: Consul General Anju Ranjan
UK can gain 'first mover' advantage in India with FTA, says report
The Resolution Foundation is examining the economic impact of the UK's new trade pivot towards the Indo-Pacific region following Brexit
Traded cryptocurrency in 2021? Here's how to approach taxes
The IRS has been zooming in on cryptocurrency reporting with increasing interest in recent years
 "Traded cryptocurrency in 2021? Here's how to approach taxes")
Gems and jewellery exports up 71% during Apr-Dec to $28.9 billion
Top five export destinations for the sector included the US, Hong Kong, the UAE, Belgium and Israel
 "Gems and jewellery exports up 71% during Apr-Dec to $28.9 billion")
TPCI seeks support measures in Budget to promote food, beverage industry
The Trade Promotion Council of India (TPCI) on Tuesday suggested the government to announce incentives in the forthcoming Budget for activities such as branding and marketing of made in India products, setting up of modern R&D labs and duty-free import of raw material by SEZ units with an aim to promote the food and beverages industry. It also demanded input tax credits for the industry, incentivise institutions for traceability in the food supply system; subsidy for testing in the food sector, funds for setting up food and beverage tech machinery manufacturing plants; and interest subvention scheme for MSMEs. "Looking at the great potential which the agri and food sector holds for the economy, this sector needs further thrust and renewed focus. The agri and food sector has shown a resilient growth of more than 20 per cent sustainably despite tough times," V K Gauba, Additional Director General TPCI said in a statement. The agri and food exports may touch USD 40 billion mark this .
 "TPCI seeks support measures in Budget to promote food, beverage industry")
Lot needs to be done to make global trade fit for future: WTO chief
She said there is a lot of work to be done in order to strengthen the trading systems
 "Lot needs to be done to make global trade fit for future: WTO chief")
Key WTO members to hold virtual meet tomorrow to discuss reform measures
Issues like the WTO's response to the COVID-19 pandemic, proposed pact on fisheries subsidies and reform measures will figure in a virtual meeting of key members of the World Trade Organization
 "Key WTO members to hold virtual meet tomorrow to discuss reform measures")
China's trade surplus hits a record $676 billion in 2021
Export growth beats expectations; some analysts point to import slowdown
 "China's trade surplus hits a record $676 billion in 2021")
Piyush Goyal asks South Korea to axe non-tariff trade barriers
A bilateral talk was held in New Delhi to discuss trade and investment-related issues
 "Piyush Goyal asks South Korea to axe non-tariff trade barriers")
India flags market access issues in Korea during trade ministers' meet
The issue was raised during the meeting between Commerce and Industry Minister Piyush Goyal and Korean Trade Minister Yeo Han-koo
 "India flags market access issues in Korea during trade ministers' meet")