The India-UK FTA talks began in January 2022 but were stalled in the 14th round as both countries stepped into their general election cycles this year. India saw the new government in the first week and on Friday, it was the UK’s. “There is no question in my mind that India will continue to be […]
Prioritising India-UK ties, FTA in focus under new PM Keir Starmer
India-UK FTA: Keir Starmer’s Labour Party is poised to end the 14-year Conservative Party rule in the UK, with Starmer set to become the next Prime Minister. The change in government is expected to have minimal impact on India-UK relations, particularly concerning the Free Trade Agreement (FTA). Starmer’s manifesto pledges to pursue a “new strategic […]
The Ministry of Ports, Shipping, and Waterways is set to introduce a new Shipbuilding and Repair Policy under the 100-day action plan. Ambitious goals have outlined in Maritime India Vision 2030 and Amrit Kaal Vision 2047 to elevate India’s shipbuilding industry globally. The initiative aims to revitalise the industry, increase the share of Indian-owned vessels […]
The port had handled 1,526,145 TEUs in the first quarter of 2023-24, Jawaharlal Nehru Port Authority (JNPA) said.
India aims to clock $2 trillion goods and services exports by 2030 amid the Red Sea crisis and two ongoing wars.
India has launched an anti-dumping probe into Chinese lift guide rails. The move comes after a complaint from a domestic company, and aims to safeguard local industry from low-cost imports. The investigation, led by the Directorate General of Trade Remedies, targets ‘T-Shaped Elevator/Lift Guide Rails and Counterweight Guide Rails.’ If proven, anti-dumping duties may be […]
Vizhinjam seaport gets its location code
2 years ago
The Vizhinjam International Seaport in Kerala has achieved a significant milestone by receiving its location code, IN NYY 1, from the Indian government on June 21, 2024. Managed by Vizhinjam International Seaport Limited (VISL), this development was highlighted by Kerala’s Ports Minister V N Vasavan in the state Assembly. The port’s new code marks its […]
Indian imports of Russian crude surged in June, outpacing other major suppliers. Refiners find the discounts on Urals grade appealing, with private sector involvement rising.
The US requests a six-month delay in India’s health certificate requirement for imported food items like milk, pork, and fish to ensure the absence of antibiotics, pesticides, and heavy metal residues.
Goods trade up 1% in first quarter of 2024: WTO
2 years ago
World merchandise trade volume increased by 1% in the first quarter of 2024 compared to the previous quarter, with a 1.4 per cent rise from the same period in 2023, according to the World Trade Organization (WTO). Despite Europe experiencing a decline, most regions contributed to the increase. The WTO predicts a 2.7 per cent […]