Russia has become India’s largest sunflower oil supplier, with imports surging twelvefold in four years, displacing Ukraine. This shift is attributed to Russia’s reliable seaports and competitive pricing, especially as Ukraine diverts produce to Europe. Despite a recent price increase impacting overall imports, Russia’s significant share is expected to persist.
Russia overtakes Ukraine as India’s top sunflower oil supplier
The government has temporarily lifted import restrictions on specific stainless steel items until the year’s end, driven by a shortage of local production. Manufacturers are apprehensive about losing their market foothold and the potential hindrance to their investment in future capacity. They argue that these exemptions might lead to an influx of below-par steel imports […]
India is nearing trade agreements with the European Union and the United States. Meanwhile, Indian products face substantial import duties in the US. These tariffs, totaling fifty percent, have been described as unfair by New Delhi. Discussions are ongoing to resolve these trade matters.
India should continue trade negotiations with US, fasten FTA talks: EAC-PM chairman Dev
2 months ago
EAC-PM Chairman S Mahendra Dev urged India to diversify exports, expedite FTAs, and continue trade talks with the US. He highlighted opportunities for India to boost its share in global merchandise trade, emphasizing the need for stronger export growth and more medium-sized manufacturing units to achieve sustained economic expansion.
The US has granted India a six-month sanctions waiver for its operations at Iran’s Chabahar Port, a move seen as a strategic concession amidst ongoing trade deal negotiations. This extension supports India’s regional connectivity plans, particularly its gateway to Afghanistan and Central Asia, signaling Washington’s willingness to accommodate New Delhi’s geopolitical interests.