Britain began free trade talks with India in January last year as it looks to establish its credentials as an independent trading nation after leaving the European Union and is seeking an Indo-Pacific tilt to its foreign policy.
Britain sees improved momentum in latest round of India trade talks
Myanmar is hoping its India-built Sittwe Port will be a game changer in regional connectivity and boost its trade with India. The port, which is part of Kaladan multi-modal transit transport project, was opened on May 9. The project seeks to provide an alternative route for connectivity from India’s eastern coast to the north-eastern states […]
India, Germany to strengthen bilateral ties, increase investments: German Vice Chancellor
2 years ago
India and Germany are looking to strengthen bilateral cooperation and increase investments and collaboration, according to Robert Habeck, Germany’s Vice Chancellor and Minister of Economic Affairs and Climate Action. While China remains Germany’s biggest trading partner, there is concern about being too reliant on a single market, and Habeck said de-risking and diversification is important. […]
The Centre has prohibited the export of non-basmati rice to curb price rise in the domestic market, the food department said in a statement. Retail prices of non-basmati rice have increased 3% in the past one month and 11.5% in the past year despite the imposition of 20% export duty since September 2022 to lower […]
Shipping industry likely to sustain performance in FY24, may see moderation in margins: Report
2 years ago
According to a report by CareEdge Ratings, the Indian domestic shipping industry is expected to sustain its performance in the current fiscal year, although there may be some moderation in operating margins. The mid-size tanker and dry bulk segments that dominate the Indian shipping fleet are anticipated to fare well.
Oilmeal exports from India fell by 35% in June to 280,001 tonnes due to decreased demand for rapeseed meals from overseas. However, exports of oilmeals increased by 19% to 1,210,045 tonnes from April to June compared to the same period last year. Soybean meal exports rose significantly to 364,611 tonnes in Q1 2023-24, while rapeseed […]
The order was challenged by the Container Corporation of India Ltd (CONCOR) before the appellate tribunal, which passed an order on July 14 to stay the NCLT’s decision.
UK, US oppose extending WTO food subsidy clause
2 years ago
“India said that the strongest evidence supporting the necessity of public stockholding was in its own actions during the pandemic, when it mobilised its food stocks and provided food to 80 million people in 18 months’ span,” said a Geneva-based official.
With the increasing global economic uncertainties, the commerce ministry is looking at fixing this fiscal year’s export target in a range instead of a single figure, an official said. To set the target range, a detailed study on 200 countries and 31 commodity groups is in the process, the official said.
India and the US have informed the World Trade Organization (WTO) on the mutual resolution all the six trade disputes, in line with the commitment they made last month. In five separate notifications to the WTO on Tuesday, they asked the multilateral trade watchdog to terminate these disputes. The US and India had initiated three […]