India’s new trade deal with the UK faces a potential hurdle. The ongoing West Asia crisis is impacting sea routes. Vessels are rerouting away from key passages. This could affect India’s exports in the initial phase of the agreement. Gem and jewellery exports are also becoming costlier due to air cargo detours. The government is […]
India-UK trade deal faces challenges amid West Asia conflict
The ongoing conflict in West Asia is severely affecting Surat’s textile industry. Shipping costs have surged by 400 per cent. Payments are delayed as materials remain stuck on ships. Raw material prices are also climbing. This situation threatens both international and domestic supply chains. Industry leaders anticipate a significant revenue crisis. The disruption impacts trade […]
Russia is ready to supply energy to India if the West Asia conflict disrupts supplies from the Gulf. This comes as India steps up measures to secure its economic security amid maritime route disruptions. The Ministry of External Affairs expressed concern over attacks on merchant shipping. India is taking emergency trade support measures to ensure […]
India faces significant energy disruption as Qatar halts liquefied natural gas deliveries. An Iranian drone strike has forced Qatar to declare force majeure. This halt impacts up to 40 percent of India’s gas supplies. Industries are seeing cuts, while CNG and piped gas networks are prioritized. Companies are seeking alternative supplies in a firming spot […]
Shipping costs are increasing as carriers implement an Emergency Conflict Surcharge. This charge applies to cargo passing through the Strait of Hormuz and the wider Middle East. One major shipping company is adding between $2,000 and $4,000 per container. More operators are expected to follow suit. This impacts India’s imports of crude oil and fertilizers. […]
Indian ships are stranded in West Asia. The Indian National Shipowners Association reports 27 Indian flagged vessels are stuck. These ships are valued at over 10,000 crore rupees. The Hormuz Strait closure is impacting vital energy supplies for India. The association is urging the government to intervene for safe passage of ships and seafarers.
War risk insurance for ships in the Gulf is being cancelled. The Iran conflict has disrupted shipping. Several tankers are damaged. Two seafarers have died. Around 150 ships are stranded near the Strait of Hormuz. Oil and gas prices have jumped. Shipping costs are set to rise further.
India, Canada sign $2.6 billion uranium deal, target $50 billion trade by 2030 with CEPA push
2 months ago
India and Canada have signed significant agreements on uranium and critical minerals. Both nations aim to boost bilateral trade to $50 billion by 2030. This partnership includes cooperation in defense, technology, and renewable energy. The leaders finalized terms for a comprehensive economic partnership agreement. This move signifies a reset in relations and unlocks new opportunities […]
India’s government is actively addressing the trade impact of the West Asia conflict. Discussions with exporters and logistics firms are underway to manage disruptions. Measures are being planned to ensure smooth cargo movement and protect exporter interests. The focus is on maintaining supply chain resilience and continuity of trade flows.
India and the US are progressing towards a trade agreement. Both nations are working to improve market access and lower trade barriers. An interim agreement will see India reduce tariffs on US industrial and agricultural products. It also addresses barriers for US medical devices and IT goods.