Leaders of India, US, Saudi Arabia, UAE, Europe, and Japan have announced a joint infrastructure deal to connect Asia with Europe via ports and railroads. The project aims to provide a credible alternative to China’s Belt and Road Initiative (BRI) and address concerns of countries falling into a debt trap.
India-West Asia-Europe corridor deal offers an alternative to China’s BRI
Modi and Sunak discuss progress of India-UK FTA negotiations, hope to iron out differences at the earliest
2 years ago
Indian Prime Minister Narendra Modi and British Prime Minister Rishi Sunak have pledged to work towards a free trade agreement (FTA) during their meeting on the sidelines of the G20 Leaders’ Summit in New Delhi. They discussed cooperation in defence technology, innovation, and consular issues. Sunak expressed the UK’s ambition to deliver a trade deal […]
The six disputes which have been already settled include countervailing measures on certain hot-rolled carbon steel flat products from India, certain measures relating to solar cells and modules, measures relating to the renewable energy sector, India’s export-related measures, certain measures on steel and aluminium products, and additional duties on some products from the US.
The US and India have resolved their last outstanding dispute at the World Trade Organization (WTO) regarding poultry. India has agreed to reduce tariffs on various US products including frozen turkey, frozen duck, and fresh and processed blueberries and cranberries. This agreement aims to expand economic opportunities for US agricultural producers in the Indian market.
The remarks assume significance as the 12th round of talks concluded last month between the officials of the two countries. The talks for the agreement were launched in January 2022. According to the report, Sunak has said that he would not set a deadline for the conclusion of negotiations. Progress has been made, but “we […]
The Gem & Jewellery Export Promotion Council (GJEPC) has facilitated India’s first jewellery exports through courier mode from Mumbai. The total export value was over $1000. Vipul Shah, Chairman of GJEPC, highlighted that enabling exports through courier mode will open doors to new markets and expand the value-added exports from the sector. This move has […]
India, EU ask WTO dispute settlement body not to adopt ruling on ICT import duties till December 18
2 years ago
The WTO’s dispute settlement body (DSB) will meet on September 19 in which it would consider adopting a draft decision shared by India and the European Union (EU). “We consider that the draft DSB decision, if adopted, would facilitate the resolution of the dispute,” according to a communication of the World Trade Organisation (WTO).
Bangladesh has not yet allowed exports of hilsa for the upcoming festive season, triggering tension among Indian fish importers who have been making repeated requests.
Indonesian President Joko Widodo urged world leaders to avoid confrontation at a Southeast Asian summit dominated by major power rivalries. The summit, attended by U.S. Vice President Kamala Harris, Chinese Premier Li Qiang, and Russian Foreign Minister Sergei Lavrov, discussed issues such as trade, technology, China’s assertiveness in the South China Sea, and Myanmar’s refusal […]
The two sides agreed to deepen their comprehensive strategic partnership with concrete actions through practical implementation of the ‘Plan of Action’ to implement the ASEAN-India partnership for peace, progress and shared prosperity, said the statement.