Trade ministers and WTO chief Ngozi Okonjo-Iweala met in Davos to strategize for the upcoming 14th Ministerial Conference in Cameroon. Discussions centered on global trade policy challenges, potential compromises on key negotiating topics like Investment Facilitation, and WTO reform priorities. Switzerland emphasized its commitment to a rules-based multilateral trading system amidst global tensions.
Trade ministers meet to lay groundwork for WTO ministerial conference
Following Donald Trump’s optimistic statement about a “good” trade deal with India, Union Minister Ashwini Vaishnaw expressed encouragement, highlighting India’s significant role in global trade. Trump, speaking at the World Economic Forum, praised Prime Minister Narendra Modi as a “fantastic man” and a friend, underscoring his respect for the Indian leader.
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India and the European Union are on the cusp of a groundbreaking trade agreement, with Spanish Foreign Minister Jose Manuel Albares forecasting its finalization within days. With European Commission President Ursula von der Leyen’s upcoming visit to India next week, the stage is set for crucial negotiations.
India’s fertilizer imports are set for a record surge this fiscal year. Officials predict a 76% jump to $18 billion. This increase is fueled by farmers expanding crop areas after heavy rains. Consumption of key fertilizers like urea and DAP is rising significantly. This trend reflects ample monsoon rainfall encouraging winter crop planting across the […]
India plans to significantly boost textile exports to $100 billion by 2030. The strategy involves increasing shipments to Free Trade Agreement partners and focusing on premium products like handlooms and silk. New districts will be developed to join the export ecosystem. This initiative aims to expand India’s global market share in textiles.
The European Union is on the brink of a landmark trade agreement with India, potentially linking a consumer base of two billion individuals. In a bid to strengthen these negotiations, European Commission President Ursula von der Leyen is scheduled to visit India shortly. This strategic move reflects the EU’s goal of broadening its global trade […]
Reduce customs duty slabs in Budget 2026: GTRI
5 months ago
India’s customs duty structure needs simplification. The Global Trade Research Initiative suggests reducing the actual number of duty slabs, not just basic customs duty rates. This reform aims to boost ease of doing business. Current complexities hinder manufacturing and exports. Simplifying tariffs and processes is crucial for economic growth and competitiveness.
India-Europe ‘mother of all deals’ within reach as EU chief Ursula von der Leyen hints at breakthrough
5 months ago
In a move that could redefine trade relationships, India and the European Union are finalising a groundbreaking free trade agreement. EU dignitaries Ursula von der Leyen and Charles Michel are set to be the esteemed Chief Guests at India’s Republic Day celebration.
A potential US-EU trade dispute could boost Indian exports as the EU seeks stronger ties with nations like India. With the US imposing tariffs on several European goods, the EU may expedite its free trade agreement talks with India. This could lead to a more favorable deal and faster ratification, presenting India as a stable […]