Kolkata Port assures support for Nepal cargo movement amid crisis

Following stalled trade talks, PM Modi affirmed India and the US as “natural partners,” signaling a potential thaw in relations. This response followed President Trump’s optimistic remarks about ongoing negotiations to reduce trade barriers, expressing confidence in reaching a successful conclusion and describing Modi as a “very good friend.”

President Trump indicated ongoing trade negotiations with India, expressing optimism for a successful deal despite past tensions. This shift follows earlier warnings about India’s relationship with China and disagreements over tariffs and Russian oil purchases. The U.S. seeks to address a significant trade deficit, with two-way goods trade totaling $129 billion in 2024.

Donald Trump has asked EU officials to impose tariffs on China and India. The aim is to put pressure on Vladimir Putin. China and India buy Russian oil. This helps Russia’s economy during the Ukraine invasion. Trump suggested the US might increase trade with India later. He mentioned working to resolve trade issues.

European Union has approved 102 more marine product units from India. This will help India increase seafood exports to the EU by 20%. The total number of listed Indian marine units now stands at 604. This development occurs as India diversifies its shrimp exports. Shrimp exports have been affected by high tariffs imposed by the […]

Trade negotiations between India and the EU are progressing rapidly, with a potential free trade agreement substantially concluded by the time EU trade and agriculture commissioners visit India. Approximately 60-65% of the chapters are already finalized. However, Goyal criticized the domestic steel industry for prioritizing cheaper imports over supporting local producers, undermining India’s self-reliance efforts.

India and New Zealand convened Foreign Office Consultations in New Delhi, focusing on bolstering bilateral relations across defence, trade, and education. Discussions, led by Neena Malhotra and Grahame Morton, reaffirmed commitment to deepen partnership and continue high-level exchanges. The meeting follows ongoing FTA negotiations and a recent defence cooperation meeting, highlighting the growing economic partnership […]

The government has updated rules for exporting specific animal by-products. This change aligns with European Union standards. Products affected include retail dog and cat food. Also impacted are compounded animal feed and concentrates. The Directorate General of Foreign Trade issued the notification. Exports are now allowed only under particular conditions. This revision aims to meet […]

White House trade advisor Peter Navarro stated that India needs to reconsider its trade negotiations with the United States. He described India as having high tariffs. Navarro also mentioned India’s increased oil purchases from Russia. He suggested that India’s current path aligns it with Russia and China. Navarro believes this alignment will not benefit India.