The Global Trade Research Initiative (GTRI) warns that increasing Chinese FDI in India could potentially undermine its long-term economic security and strategic autonomy. The GTRI suggests that Chinese firms’ dependence on India for manufacturing capabilities could lead to supply chain vulnerabilities and geopolitical risks.
FDI from China may benefit India in short-term but not in long run: GTRI
GTRI advises government to maintain current import tariffs on smartphone components to sustain growth in India’s manufacturing sector. Experts highlight success of policies like PLI scheme, driving significant exports and local production. Cutting tariffs may hinder long-term manufacturing growth and global competitiveness, they argue.
India-Bangladesh trade via land ports halted due to protests, a two-day holiday, and unrest. BSF evacuated students. Over 700 trucks with general merchandise wait in Petrapole, South Asia’s largest port, impacted by unrest in North 24 Parganas. Mahadipur, Gojadanga, Fulbari affected. Economic factors and monsoon also impacted trade.
David Lammy, UK’s Foreign Secretary, visits India to discuss the India-UK FTA from January 2022. India queries Labour’s stance, visa issues aren’t a priority. Lammy seeks swift conclusion. Labour’s manifesto, led by Keir Starmer, aims for a strategic partnership with India. Lammy also joins the ASEAN Foreign Ministers’ Meeting in Vientiane, noting Boris Johnson’s missed […]
Three Indian Coast Guard ships responded to a distress call from the cargo vessel MV Maersk Frankfurt, which reported explosions on its front deck in the Arabian Sea. The ships Sujeet, Sachet, and Samrat fought the fire for over 12 hours, preventing its spread. The operation, amid rough seas and inclement weather, involved aerial assessments […]
Non-tariff barrier resolution portal soon; move assumes significance as agri exports fell 3% in Q1
2 years ago
India is set to launch an online platform for registering and resolving non-tariff barriers (NTBs) faced by exporters in the next 2-3 months. The portal will cover three areas: sanitary and phyto-sanitary measures (SPS) and technical barriers to trade (TBT). It is significant as India’s agricultural exports fell by 3% in the first quarter.
India flags trade gap with China at WTO
2 years ago
India raises concerns over its significant trade deficit with China and the lack of transparency in Chinese subsidies. China’s export numbers fluctuate as global partners express worries over its industrial policies. India and EU highlight issues such as import substitution and intellectual property rights. Calls for China to reconsider its developing country status and trade […]
Trade policy review meet of China in WTO: India flags trade deficit, non-transparent subsidies
2 years ago
India has raised concerns over China’s high trade deficit and non-transparent subsidies, affecting domestic industry. India’s bilateral trade with China recorded the largest trade deficit in 2023-24, with exports ending at USD 16.65 billion and imports at USD 101.75 billion. The EU also raised concerns over China’s distortive industrial policies and import substitution.
Non-tariff barrier resolution on cards
2 years ago
India is gearing up to launch an online platform to address non-tariff barriers faced by exporters, focusing on SPS and TBT issues. The portal will monitor resolution strategies and compliance burdens to enhance competitiveness in global markets. With a plan to tackle technical regulations and trade barriers, India aims to boost its exports facing challenges […]
Post-pandemic courier frauds exploit technological trust. Fake officers demand payments for seized parcels. Warning signs include unsolicited payment requests, misspellings, and prize claims. FedEx, with law enforcement, highlights not sharing sensitive details. Critical measures include awareness initiatives, elderly education, direct verification, reporting fraud via cybercrime.gov.in, and disconnecting suspicious calls.