India is considering challenging the European Union’s Carbon Border Adjustment Mechanism (CBAM) at the World Trade Organization, which mandates non-EU steel producers to report emissions, impacting sectors like iron and steel, cement, and more.
EU carbon tariff: India preps for a fight at WTO
India on Thursday said it has not made any proposal to the Maldives for a bilateral free trade agreement (DTA) and that it was ready to consider if the island nation expresses interest for such a pact. “No specific proposal for a bilateral FTA with the Maldives has been made by the Government of India,” […]
The UAE aims to expand the Comprehensive Economic Partnership Agreement (CEPA) with India, signed on February 18, 2022, to enhance bilateral trade. Feryal Ahmadi, COO of Dubai Multi-Commodities Centre, highlighted potential sectors like agri-commodities and critical minerals. She emphasized India’s significance as a trading partner and discussed the growth in UAE-India CEPA trade.
United Parcel Service (UPS), the world’s largest parcel delivery company, is in discussions with various Indian state governments to produce tracking tags for packages in the country. UPS aims to capitalize on India’s semiconductor investments, aligning with Prime Minister Narendra Modi’s goal of bolstering the nation’s chip manufacturing capabilities
India’s silver imports in the first four months of 2024 have surpassed the total for all of 2023, driven by rising solar panel demand and investor interest. The country imported a record 4,172 metric tons, up from 455 tons a year ago. This surge supports global prices and outperforms gold.
India and Vietnam are emerging as key beneficiaries of the China plus one strategy, with Nomura predicting significant growth opportunities for Asian economies. According to a report by Nomura, India’s exports are projected to skyrocket to $835 billion by 2030 from $431 billion in 2023, driven by its vast domestic market attracting companies seeking supply […]
The commerce ministry recently conducted a ‘Chintan Shivir’ in Rajasthan’s Neemrana to discuss issues related to Free Trade Agreements (FTAs). The event included deliberations on standard operating procedures (SoPs) for FTA negotiations, capacity building, and addressing contemporary issues like labor, environment, and gender. Participants emphasised the importance of economic assessment, digital trade challenges, and interdisciplinary […]
Reliance Industries has signed a one-year deal with Russia’s Rosneft to purchase at least 3 million barrels of oil monthly in roubles. This agreement, following President Putin’s push for alternative financial systems amid Western sanctions, secures discounted oil for Reliance and underscores India’s role as a major buyer of Russian crude.
CSL said the hybrid SOVs are the workhorse of the growing, highly specialised renewables segment, in which it is actively looking forward with their proven track-record in the offshore support vessels.
WTO members, including the US and UK, have raised questions about India’s $48 billion farm input subsidies for 2022-23, which have been attributed to inflation and rising fertilizer costs. India explained that these subsidies are mainly for power, irrigation, and fertilizers and that the information had been duly notified to the WTO. The US claimed […]