India has requested consultations with Indonesia under WTO rules regarding the extension of safeguard measures on cotton yarn, citing its significant trade interest in the textile product. Indonesia’s decision was influenced by an unexpected surge in Indian cotton yarn exports. India proposes virtual consultations in June 2025 to review information and exchange views on the […]
India seeks WTO consultations with Indonesia on cotton yarn safeguards
Donald Trump’s proposed 50% tariff on steel and aluminium imports threatens India’s engineering goods’ shipments, potentially impacting USD 5 billion worth of exports. The existing 25% tariff has already intensified global competition. EEPC India urges a waiver similar to the UK’s, fearing complications in ongoing Bilateral Trade Agreement negotiations.
Tariff war will weigh on capital investment & diminish demand: ADB President Masato Kanda
1 year ago
The Asian Development Bank (ADB) is set to invest $10 billion over five years to upgrade India’s urban infrastructure, including metro extensions and rapid transit systems. ADB expects India’s GDP to grow at 6.7% in FY26 and 6.8% in FY27, surpassing other developing Asian economies. The bank supports India’s reforms, particularly in manufacturing and skills […]
Commerce Minister Piyush Goyal expressed optimism that India and the EU could finalize a comprehensive free trade agreement by year’s end, citing significant progress and complementary economies. While sensitive issues remain, both sides are committed to resolving them amicably. Negotiations resumed in 2022 after an eight-year hiatus, with bilateral trade reaching $137.41 billion in fiscal […]
WTO meet on June 3 in Paris: India to raise issues on agri, fisheries, investment facilitation
1 year ago
India will voice its concerns regarding agriculture, fisheries agreement, and the WTO’s appellate body dysfunction at a Paris meeting of trade ministers on June 3. Commerce Minister Piyush Goyal will attend the meeting, raising issues like investment facilitation proposals led by China.
Trump’s revised tariffs on steel and aluminium threaten India’s USD 4.56 billion exports to US: GTRI
1 year ago
A Global Trade Research Initiative report warns that U.S. President Trump’s decision to double tariffs on steel and aluminium imports, effective June 4, 2025, will significantly impact India’s metal exports, valued at USD 4.56 billion. The increased tariffs, raising rates to 50%, are expected to make Indian products less competitive in the U.S. market, potentially […]