The terms of reference for a bilateral deal, which was finalized by both sides this week, includes trade in goods as well as services, the report said, citing people familiar with the matter said.
US seeks India trade deal on e-commerce, crops and data storage, Bloomberg News reports
ET Graphics: Indo-Pak trade
1 year ago
Pakistan has halted all trade relations with India, including via third countries, effectively ending commerce that had already diminished since the 2019 Pulwama attack.
GTRI advises Indian exporters to avoid re-routing Chinese goods to the US to bypass tariffs, emphasizing genuine value addition and supply chain transparency. The US is imposing high tariffs on China, leading to trade strategy shifts and potential market distortions.
Following a terror attack in Pahalgam, India faced trade suspension from Pakistan. This includes routes through third countries. The Federation of Indian Export Organisations (FIEO) says bilateral trade was already minimal. India’s exports to Pakistan included organic chemicals and pharmaceuticals. Imports were meagre. Trade relations soured after the Pulwama attack. India had withdrawn Most Favoured […]
Despite India’s government authorizing 1 million tons of sugar exports for the season ending in September, actual exports are projected to reach only 600,000-700,000 metric tons. This shortfall is attributed to revised output forecasts by industry groups, raising concerns about potential supply shortages within India. The government heavily regulates the sugar industry, influencing cane prices […]
US Treasury Secretary Scott Bessent told reporters he expects India to negotiate the first bilateral trade pact with the United States ahead of the July 8 deadline, when a 90-day pause on a 26 percent “reciprocal” tariff on Indian goods is set to expire.
Shiprocket, on its path to an IPO, is collaborating with CriticaLog to offer premium shipping services, venturing into the secure transport of valuable items like gold and diamond jewellery. This partnership aims to empower smaller jewellers by providing them with reliable logistics solutions, enabling them to compete effectively in the expanding e-commerce market.
To enhance the precision of services export data, the Indian government, via the DGFT, is introducing a ‘Mode of Export of Services’ field in the e-BRC format, effective May 1, 2025. This aligns India’s data capture with WTO GATS standards, covering cross-border supply, consumption abroad, commercial presence, and the presence of natural persons.
The Reserve Bank of India has eased regulations to promote exports through warehouses in ‘Bharat Mart’, a UAE-based logistics marketplace. Banks can now allow exporters to repatriate the full export value within nine months of the sale. Indian exporters with a valid importer-exporter code can open warehouses in ‘Bharat Mart’ without preconditions, facilitating global market […]
Reserve Bank of India’s Nagesh Kumar raised concerns about trade wars. He said global recession poses a serious risk. This situation could adversely affect India’s economic growth. The World Trade Organization has issued warnings about declining world trade. Global GDP growth forecasts may face downward revisions. These revisions are due to reciprocal tariffs and ongoing […]