Tajikistan is in negotiations with Iran for cargo transit via Chabahar port, supported by India, to enhance trade with India and the Gulf region. Tajikistan’s transport minister and Iran’s minister recently signed a cooperation agreement. Tajikistan will access the port through Uzbekistan-Turkmenistan or Afghanistan, indicating strategic trade expansion efforts.
Tajikistan begins talks with Iran over use of Chabahar port
India and the EU are making significant progress in negotiations for a free trade agreement (FTA), according to commerce and industry minister Piyush Goyal. The two sides agreed to build a commercially meaningful trade agenda and work towards a mutually beneficial pact, ahead of the 10th round of talks.
Countries should stay calm and not react quickly to protectionist moves to avoid harming economic growth. WTO urges not to overreact and study policies first. Climate efforts need consistent action from both countries and companies. Renewables and green technology hold economic promise, and progress should continue despite some setbacks.
US-India trade relations face uncertainty as President Trump pushes for reciprocal tariffs. India, with a trade surplus, contemplates reducing tariffs on specific American products. Officials consider a limited trade deal and broader concessions, aiming to strengthen economic ties despite historical disagreements.
Some Indian exporters are facing margin calls and losses due to the sharp decline in the rupee. They had used the target redemption forward (TARF) structure, attracted by the promise of quick profits under low volatility. However, the rupee’s recent fall and increased volatility hindered profit caps and resulted in significant losses.
India plans to form a consortium including Bharat Global, Indian Port Rail & Ropeway Corporation, Sagarmala Development Company, and Shipping Corporation of India to bid for overseas port operations. The initiative aims to replicate the Chabahar port model in strategic locations, enhance maritime presence, and mitigate global trade disruptions with the establishment of Bharat Container […]
Ashwini Vaishnaw, leading the Indian delegation at Davos, emphasized India’s trust with global companies and strong US relationship despite potential issues like birthright citizenship changes. India presents a unified front for investments, focusing on manufacturing interest and AI development. Prime Minister Modi’s economic policies and trust in India’s foreign policy are key highlights.
India is reviewing the impacts of Trump’s America First Trade Policy on its trade relations with the US, its largest trading partner. The memo suggests exploring bilateral or sector-specific agreements. Key trade officials’ confirmations in the US are awaited. Trump also threatens 100% tariffs on BRICS nations targeting the US dollar’s role in global trade.
India is examining the US ‘America First’ trade policy to determine its impact on bilateral trade. The White House directive to identify countries for potential agreements is viewed positively. Discussions are ongoing with US trade policies, and India’s government is awaiting key trade official appointments for further dialogue.
India’s rice exports in 2024 remained steady despite earlier export curbs, with high basmati rice shipments compensating for a decline in non-basmati rice sales. The country’s total exports reached 17.8 million metric tons, down slightly from the previous year. Demand from Saudi Arabia, Iraq, and the UAE drove a 16.3% increase in basmati rice exports.