India is expanding its e-commerce export capabilities. Three companies have been shortlisted from five applicants, including DHL and Lexship, to establish export hubs. Two hubs near Delhi airport will launch in February 2024. These hubs will streamline customs and offer an easy re-import policy. The government aims to boost e-commerce exports significantly, targeting over USD […]
Five firms seek Govt nod to set up e-comm export hubs: Official
India and three other nations oppose the China-led WTO investment agreement, preferring consensus on non-trade issues. Meanwhile, India evaluates its stance on the EU’s Carbon Border Adjustment Mechanism (CBAM) amidst ongoing FTA negotiations, concerned about potential tariffs impacting domestic industries.
India and Australia concluded a three-day meeting to expedite their Comprehensive Economic Cooperation Agreement (CECA). Negotiators discussed market access, aligning with India’s food security goals, and explored collaborations in agriculture, supply chains, and other key areas. Building upon the interim ECTA, the CECA aims to broaden trade across goods, services, and emerging sectors.
Indian exporters experienced a mixed 2024, with higher online orders and demand for sustainable products but lower order values. Exports rose 5-8%, driven by the US and EU, despite slow demand in some European nations. Global brands shifted orders from Bangladesh to India due to political instability there, boosting garment exports. Rising Israel-Iran tensions posed […]
India and the European Union are gearing up for the next round of free trade agreement talks in March 2025 in Brussels. They aim to resolve differences on rules of origin and government procurement. Market access for Indian goods, services, and investments will be key discussion points, along with EU sustainability measures.
India and the EFTA bloc’s free trade agreement, signed in March, awaits ratification by the four EFTA nations, including Norway, which aims to complete the process by 2025. Discussions at the India-Norway Business Forum in Mumbai highlighted the agreement’s potential to boost trade and investment, focusing on renewable energy and maritime industries.
India has no interest in weakening US Dollar: Jaishankar responds to Trump’s threat to BRICS nations
2 years ago
External Affairs Minister S. Jaishankar addressed the Doha Forum, emphasising India’s strong relationship with the US and dismissing the idea of weakening the dollar. He highlighted the positive ties during the first Trump administration, including the QUAD’s revival, and noted the personal bond between PM Modi and Trump.
India continues to stay out of the RCEP trade deal. The government affirmed its 2019 decision. Concerns remain unaddressed. This comes as imports from China crossed $100 billion. Indian exports to China saw a slight decline. The trade imbalance with China continues to widen. The government is focusing on domestic production.
India, Sri Lanka, and Pakistan voiced concerns at the WTO regarding the appointment of facilitators for stalled agriculture talks. They rejected the facilitator-led approach, emphasizing the need for consensus-based decisions and citing a trust deficit. The countries proposed an accelerated timeframe for negotiations on key issues within the committee on agriculture, adhering to established WTO […]
Three trading houses dominate Russian oil sales to India as smaller firms exit due to high funding costs and Western sanctions. This shift allows Russia to sell record oil volumes at smaller discounts, but increases vulnerability to future sanctions. While Russian oil remains cheaper than competitors, the concentrated trade raises concerns about potential disruptions.