Page 48 - Trade

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

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

China's trade surplus hits a record $676 billion in 2021

Export growth beats expectations; some analysts point to import slowdown

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

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 appeals against WTO dispute panel ruling on sugar subsidies

The appeal was filed by India in the WTO's Appellate Body

India to allow in imports of US pork and other products, say officials

India has agreed to allow imports of US pork and pork products into India, removing a longstanding barrier to US agricultural trade

India, Korea to hold discussions on ways to boost trade, investments

The meeting will be held between Commerce and Industry Minister Piyush Goyal and Korean Trade Minister Han-koo Yeo

Vietnamese dragon fruit await buyers as China clamps down on border trade

Vietnamese farmers and exporters could end up in major loss as Chinese buyers have stopped purchasing Vietnamese dragon fruit.According to industry sources, some 300,000 tonnes of dragon fruit will be ready for harvest shortly, but there will be no customers since China has clamped down its cross-border trading.This has led to a decrease in dragon fruit prices in recent weeks.With the northern provinces of Quang Ninh and Lang Son having both restricted trade at the border with China due to containers pilling up, many Chinese buyers have stopped purchasing Vietnamese dragon fruit, Phan Van Tan, deputy director of Binh Thuan's Department of Agriculture and Rural Development, told a forum Thursday, reported VnExpress.Every year, roughly 1.4 million tonnes of dragon fruit are produced in Vietnam. The three provinces of Binh Thuan, Long An, and Tien Giang account for 80 per cent of the total but this time the farmers and exporters are troubled as they have no buyers.Some exporters have ...

No extraordinary increase in trade with China, says Piyush Goyal

About free trade agreements, Goyal said that India's FTA with the UAE is close to finalisation

RCEP promise of enhanced trade will be challenged by geopolitics: Report

The RCEP, which came into force on Saturday for the majority of its 15 Asia-Pacific economies, will be challenged by Indo-Pacific geopolitics, according to a report.

Amid boycott, India-China trade volume at record high of $100bn: Report

Amidst repeated domestic boycotts of Made-in-China, trade volume between India and China hit a record high of $100 billion by November, the Global Times reported

FIEO aims at $460-475 billion exports next fiscal year amid Covid woes

Much will depend on whether the world would be able to contain COVID-19 through massive vaccination across the globe and be able to create the required vaccine manufacturing capacity

India's exports likely to touch record $400 bn this fiscal: Goyal

Goyal suggested focusing on six areas to build a sustainable, inclusive and resilient ecosystem to further promote partnership with other countries

Palestine seeks to increase annual trade exchange with Jordan to $500 mn

Palestine is seeking to increase the annual trade exchange with Jordan to $500 million, state authorities have announced.

Russia-China trade to reach new peak in 2021 despite Covid: Diplomat

Bilateral trade between Russia and China will reach a new historical level by the end of the year, despite the unstable coronavirus situation

United States trade deficit narrows in October as exports rebound

The October deficit was 17.6per cent below the all-time peak in September of $81.4 billion

India-China trade deficit stands at $30 billion during Apr-Sept

Major items of import from China include telecom instruments, computer hardware, fertiliser, electronic components, chemicals and drug intermediates

Piyush Goyal suggests five focus areas to enhance India-Bangladesh ties

Commerce and Industry Minister Piyush Goyal on Sunday suggested five focus areas including trade, connectivity, health and tourism for further enhancing economic ties between India and Bangladesh. He also said that Bangladesh is India's biggest trade partner in South Asia with a volume of over USD 10 billion of trade and both the countries are looking to advance the Comprehensive Economic Partnership Agreement (CEPA). I would like to suggest 5 focus areas for strengthening India-Bangladesh relationship: Trade, Technology, Connectivity, Entrepreneurship, Health & Tourism," he said while addressing the Bangladesh International Investment Summit. The minister added that efforts to further improve this connectivity is imperative for the expansion of bilateral trade and realisation of investment potential between Bangladesh and Eastern India.

'India for preserving differential treatment of developing nations at WTO'

India will fight for preserving special and differential treatment for the developing nations at the forthcoming WTO ministerial conference at Geneva, an official said on Thursday. India will also ensure that the World Trade Organisation (WTO) remains a relevant international body promoting orderly global trade, said Shyamal Misra, joint secretary, Commerce Minister. He was participating in a discussion organised by the Research and Information System for Developing Countries (RIS) on the Issues before Twelfth WTO Ministerial' ahead of the 12th Ministerial Conference (MC12). Talking about what India will be fighting for at the WTO ministerial, he said, "S&DT is a fundamental principle that needs to be retained. Along with that we need to maintain the policy space that developing countries need... that India as a developing country needs. The WTO Agreements contain "special and differential treatment" provisions which give developing countries special rights. Misra said the WTO ...