David Lammy, UK’s Foreign Secretary, visits India to discuss the India-UK FTA from January 2022. India queries Labour’s stance, visa issues aren’t a priority. Lammy seeks swift conclusion. Labour’s manifesto, led by Keir Starmer, aims for a strategic partnership with India. Lammy also joins the ASEAN Foreign Ministers’ Meeting in Vientiane, noting Boris Johnson’s missed […]
India trade talks set to be revived with first major UK ministerial visit
India-Bangladesh trade via land ports halted due to protests, a two-day holiday, and unrest. BSF evacuated students. Over 700 trucks with general merchandise wait in Petrapole, South Asia’s largest port, impacted by unrest in North 24 Parganas. Mahadipur, Gojadanga, Fulbari affected. Economic factors and monsoon also impacted trade.
Three Indian Coast Guard ships responded to a distress call from the cargo vessel MV Maersk Frankfurt, which reported explosions on its front deck in the Arabian Sea. The ships Sujeet, Sachet, and Samrat fought the fire for over 12 hours, preventing its spread. The operation, amid rough seas and inclement weather, involved aerial assessments […]
Non-tariff barrier resolution portal soon; move assumes significance as agri exports fell 3% in Q1
2 years ago
India is set to launch an online platform for registering and resolving non-tariff barriers (NTBs) faced by exporters in the next 2-3 months. The portal will cover three areas: sanitary and phyto-sanitary measures (SPS) and technical barriers to trade (TBT). It is significant as India’s agricultural exports fell by 3% in the first quarter.
Non-tariff barrier resolution on cards
2 years ago
India is gearing up to launch an online platform to address non-tariff barriers faced by exporters, focusing on SPS and TBT issues. The portal will monitor resolution strategies and compliance burdens to enhance competitiveness in global markets. With a plan to tackle technical regulations and trade barriers, India aims to boost its exports facing challenges […]
Trade policy review meet of China in WTO: India flags trade deficit, non-transparent subsidies
2 years ago
India has raised concerns over China’s high trade deficit and non-transparent subsidies, affecting domestic industry. India’s bilateral trade with China recorded the largest trade deficit in 2023-24, with exports ending at USD 16.65 billion and imports at USD 101.75 billion. The EU also raised concerns over China’s distortive industrial policies and import substitution.
India flags trade gap with China at WTO
2 years ago
India raises concerns over its significant trade deficit with China and the lack of transparency in Chinese subsidies. China’s export numbers fluctuate as global partners express worries over its industrial policies. India and EU highlight issues such as import substitution and intellectual property rights. Calls for China to reconsider its developing country status and trade […]
Post-pandemic courier frauds exploit technological trust. Fake officers demand payments for seized parcels. Warning signs include unsolicited payment requests, misspellings, and prize claims. FedEx, with law enforcement, highlights not sharing sensitive details. Critical measures include awareness initiatives, elderly education, direct verification, reporting fraud via cybercrime.gov.in, and disconnecting suspicious calls.
Malaysia has urged India to ease export restrictions on key farm goods such as rice and sugar. Malaysia’s Minister for Plantation and Commodities, Johari Bin Abdul Ghani, highlighted the negative impact of India’s abrupt export curbs on Malaysia during an industry conference in New Delhi.
Increasing exports, trade in local currency, FTA to boost India-Russia commerce: GTRI report
2 years ago
Steps recommended by the think tank GTRI to boost trade between India and Russia include increasing exports, implementing local currency trading, and pursuing a free trade agreement with the Eurasian Economic Union. Despite a growing trade deficit, India benefits from favorable crude oil deals with Russia. The impact of the Ukraine war and US sanctions […]