The United States has declined India’s request for consultations at the World Trade Organization regarding American tariffs on automobiles and auto parts. Washington claims the tariffs are based on national security grounds, not safeguard measures. India had sought discussions after the US imposed a 25% tariff. This dispute arises as India and US are negotiating […]
India has ‘no basis’ to seek WTO consultations on auto tariffs: US
Allcargo Gati Ltd has broadened its air services by introducing a 24-hour air delivery service to eight major metro cities. This expansion, supported by connectivity to 34 airports, caters to industries like pharmaceuticals and electronics. The Air Express service offers late cut-off times and next-day delivery, strengthening Allcargo Gati’s network and enhancing its position as […]
The government is developing a single national registry for labs to streamline laboratory testing processes, aiming to reduce transaction costs and delays in cargo clearance for exports. This integrated online platform will digitize trade-related testing, improve regulatory transparency, and provide exporters with easy access to testing labs. India anticipates reaching $900 billion in goods and […]
India-US trade pact: Officials discuss market access, digital trade, customs facilitation
1 year ago
India and the US engaged in discussions regarding a proposed bilateral trade agreement. Talks covered market access, digital trade, and customs facilitation. Both sides aim for a swift conclusion to the initial agreement. The US delegation visited India for in-depth negotiations. They are working towards a mutually beneficial agreement by fall 2025. The US is […]
Commerce and Industry Minister Piyush Goyal proposed developing a dedicated enclave for Swiss businesses in India to attract investment. He highlighted the government’s commitment by resolving a Swiss company’s land issue in Maharashtra within hours. Goyal invited Swiss companies to invest in industrial parks across India, emphasizing the availability of skilled talent and favorable incentives.
Commerce Minister Piyush Goyal said India and the European Union are close to finalising a free trade agreement, with only a few issues remaining. Talks resumed in 2022 after a nine-year gap. The proposed deal covers 23 policy areas. In 2023-24, bilateral goods trade stood at $137.41 billion, and services trade at $51.45 billion.
India and the United States are in talks for a trade deal, aiming for a June deadline. Swaminathan Aiyar suggests India should stand firm like China. He believes Trump is eager for deals before the 90-day deadline. Howard Lutnick is optimistic about a US-India trade agreement before July. Negotiations are progressing, with the US team […]
Singapore container ship suffers explosion off Kerala coast, 18 crew rescued by Navy and Coast Guard
1 year ago
An explosion struck the Singapore-flagged container ship MV Wan Hai 503 off Kerala’s coast. The Maritime Operations Centre in Mumbai reported the underdeck blast, leading to the diversion of INS Surat and planned reconnaissance by a Navy Dornier aircraft.
The world’s largest container ship, MSC IRINA, has arrived at Vizhinjam International Seaport in Kerala, marking a significant milestone for the newly inaugurated port. With a capacity of 24,346 TEUs, the vessel is designed to enhance trade routes between Asia and Europe. MSC IRINA also features energy-saving technologies to reduce carbon emissions, setting a new […]
Finland’s Ambassador Kimmo Lahdevirta is optimistic about finalizing the India-EU trade deal by year-end, highlighting the “historic” EU Commissioners’ visit to India. He inaugurated Finland’s honorary consulate in Ahmedabad, emphasizing the deepening partnership and growing business interest. Several Finnish companies are keen to invest in Gujarat, focusing on sectors like clean energy and sustainable solutions.