Page 8 - Trade

Notification effective from date of its publication in official gazette

The said Section 15(1)(b) says that (relevant extracts), 'the rate of duty applicable to any imported goods, shall be the rate in force, in the case of goods cleared from a warehouse under Section 68

Putin calls for expanding use of national currencies among Brics nations

Russian President Vladimir Putin stressed on the advantages of creating an independent settlement and depository system within Brics

US close to several trade deals, announcements expected in days: Bessent

"I hear good things about the talks with Europe. I hear good things about the talks with India," Stephen Miran, chairman of the White House Council of Economic Advisers said

Ball in Washington's court on India-US interim trade pact before July 9

With India setting its red lines on key issues in sectors such as agriculture and dairy for the proposed interim trade agreement with the US, the ball is now in Washington's court to finalise the deal, sources said. They said if issues are settled, an interim trade pact could be announced before July 9, which marks the end of the 90-day suspension period of the Trump tariffs announced on April 2 on dozens of countries, including India. "India has drawn its red lines... now the ball is in the US court," they said. In February, the two countries announced starting negotiations for a bilateral trade agreement (BTA). They fixed a deadline to conclude the first tranche or phase of the BTA by fall (September-October) this year. Before that, the two sides are locking to finalise an interim trade pact. On April 2, the US imposed an additional 26 per cent reciprocal tariff on Indian goods but suspended it for 90 days. However, the 10 per cent baseline tariff imposed by America remains in ..

Gold prices may be volatile as Trump's tariff deadline approaches: Analysts

Gold prices may see heightened volatility in the coming week as investors track a crucial July 9 tariff deadline, policy signals from major central banks, including the US Federal Reserve, and key global macroeconomic data, analysts said. "These factors could influence the near-term trajectory of gold prices," analysts said, adding that traders are expected to remain cautious ahead of any major policy cues or geopolitical developments. The 90-day suspension of Trump tariffs on imports from several countries, including India, ends on July 9, reviving the risk of a 26 per cent additional duty on Indian goods entering the US. "Going ahead, the focus will be on the interest rate cuts by key central banks, especially US Fed Reserve, the outcome of trade negotiation between US and its trading partners, incoming global economic data, which could impact the near-term gold prices," Pranav Mer, Vice President, EBG, Commodity & Currency Research at JM Financial Services Ltd, said. Investors .

India to pitch for preferential trade pact expansion with Mercosur nations

Mercosur is a Latin American trading bloc, with Argentina, Brazil, Uruguay, Paraguay as its members

External risks: Trade and capital flows to impact economic growth

The developments in the US can affect the Indian economy through different channels. It will not only be critical to watch the kind of trade deal offered to India

Goyal discusses FTAs with industry, exporters ahead of key trade talks

Piyush Goyal meets export councils and industry groups to review trade pacts, gather views on new FTAs and SEZ reforms as India negotiates key global agreements

Trump says he doesn't expect to extend July 9 trade tariff deadline

"I don't think I'll need to," he said in an interview on Fox News's Sunday Morning Futures with Maria Bartiromo that was taped Friday. He then added, "I could, no big deal."

Plurilateral agreements may help keep WTO relevant into the future

A large number of developing economies have been benefitted, through their participation in FTAs, and increased their integration with GVCs and their share of global trade

Mobile exports grow 74% in May to record second-highest figures ever

The peak was $3.1 billion in March, when Apple exported more phones to the United States

No sign of panic among Indian exporters; shift to Cape of Good Hope route

Despite Iran-Israel instability, exporters report no disruption in trade as 96 per cent of India's container traffic shifts to the Cape of Good Hope route

West Asia conflict: Exporters in dire straits as Hormuz trade route erupts

China-Gulf spot rates climb 55% in a month as tensions mount

Seeding the rice success: Technology and policy power India's rise

Since India is also the world's second-largest producer, exporter of wheat, it merits to be counted among the world's major food grain powerhouses, and a key player in the international food market

Blocking of Strait of Hormuz may impact India's energy procurement: Experts

Any blocking or disruption of traffic through the Strait of Hormuz -- a narrow passage connecting the Persian Gulf to the Arabian Sea -- will have significant global and regional impact, including for India's energy security, strategic affairs experts said on Sunday. Following the US bombing of three major Iranian nuclear sites, Tehran has indicated that closing the Strait of Hormuz for shipping is one of the options on the table to pressure its adversaries. Nearly 30 percent of global oil and a third of the world's LNG (liquefied natural gas) passes through the strait daily and its closure would immediately reduce global supplies triggering a spike in prices, they said. The closure of the narrow passage would have significant global repercussions across energy markets and it will impact India's energy security as well, Dr Laxman Kumar Behera, Associate Professor at Special Centre for National Security Studies at the Jawaharlal Nehru University, told PTI. Behera said any disruption

Piyush Goyal to visit UK to push India-UK FTA towards implementation

Commerce minister's UK visit will focus on reviewing FTA negotiations, establishing a roadmap for finalisation, and expanding trade, investment, and creative partnerships

Iran-Israel war: Govt to meet stakeholders to assess trade impact

The government is closely monitoring the situation arising from the Iran-Israel conflict, and a meeting with shipping lines, container firms, and other stakeholders will be held this week to assess the impact on the country's overseas trade and address any issue, a top official said on Monday. Commerce Secretary Sunil Barthwal said that the impact of the war on India's trade will depend on how the situation unfolds over a period of time. "We are watching the situation. We are also calling a meeting (this week) of all the shipping lines, the container organisations and the concerned departments, and stakeholders to understand from them that what are the kind of issues they are facing and how we can sort it out," he told reporters here. Exporters have stated that the war, if escalated further, would impact world trade and push both air and sea freight rates. They have expressed apprehensions that the conflict is expected to impact movement of merchant ships from the Strait of Hormuz

Merchandise trade deficit narrows to $21.88 billion in May, shows data

Merchandise exports stood at $38.73 billion in May 2025, a 2.2 per cent decline from $39.59 billion a year earlier

Zero-for-Zero Tariffs: Rethinking Trade Liberalization

In this SmartCut episode, Dr. Shikha Jain, Director of IMDR Pune, unpacks Zero-for-Zero Tariffs, their history, benefits, challenges, and why India needs to rethink trade liberalisation. >

Govt asks edible oil industry to pass tax cut benefits to retail users

The government had reduced the Basic Customs Duty (BCD) on crude edible oils-specifically crude sunflower oil, soybean oil, and palm oil-from 20 per cent to 10 per cent on 31 May