Importers delay customs clearance of US dry fruit

Indian dry fruit importers are delaying customs clearance for US nuts. They anticipate a significant reduction in import duties due to a potential India-US trade agreement. This hesitation could worsen existing supply disruptions caused by halted Afghan imports. The industry expects India to halve duties on walnuts and almonds.

India and the US are actively negotiating a trade agreement. Talks are progressing rapidly with mutual cooperation. Indian negotiators are in Washington for discussions. The goal is a win-win agreement for both nations. India aims to finalize the first phase by fall. Discussions with the EU are also underway. These FTAs are key to promoting […]

India’s trade deficits with several FTA partners, including Asean, Japan, and South Korea, have widened since the agreements came into force. While new trade deals with the UAE and Australia show mixed results, older pacts reveal concerning trends.

Union Minister Sarbananda Sonowal envisions the BIMSTEC Maritime Transport Pact as a blueprint to transform the Bay of Bengal into a global trade and tourism hub. He inaugurated the second edition of the BIMSTEC Ports Conclave in Vishakhapatnam, emphasizing the importance of the Kaladan Multi-Modal Transit Transport Project. A BIMSTEC Sustainable Maritime Transport Centre will […]

Experts caution India against rushing into a trade deal with the US, potentially compromising crucial sectors like agriculture. The US’s aggressive tactics, including imposing tariffs on key partners like the EU, highlight the risk of unbalanced agreements. Despite US pressure, many nations resist one-sided terms, urging India to proceed cautiously and protect its core interests […]

India’s crude oil imports from Russia surged to a near-annual high in June, reaching 2.08 million bpd, driven by West Asia tensions and discounted prices. While overall imports decreased, Russian volumes increased, with three refineries processing over half for G7+ exports. Despite diversification efforts, Russia remains India’s top supplier, accounting for 40% of total crude […]

India’s merchandise trade deficit saw a slight decrease to USD 20.7 billion in June 2025, according to Union Bank of India, driven by lower crude prices and gold imports. Strategic sourcing, particularly increased oil purchases from Russia and the US, helped mitigate global commodity fluctuations.

Tata Steel has completed its first paperless import transaction using an Electronic Bill of Lading for a coal shipment from Australia to India. This digitized process, facilitated by ICE Digital Trade and involving multiple banks, aims to enhance supply chain efficiency and sustainability. The initiative aligns with Tata Steel’s goal of achieving Net Zero emissions […]

India and the US are navigating a complex trade relationship. Talks continue in Washington, focusing on agriculture and market access. Simultaneously, both nations are challenging each other at the WTO. The US questions India’s dairy import rules. India is retaliating against US tariffs on steel and auto parts. This two-track strategy reflects India’s assertive approach […]

Switzerland has ratified a significant trade agreement with India and the EFTA. This Trade and Economic Partnership Agreement is expected to be effective in October. EFTA nations plan to invest USD 100 billion in India over 15 years. The agreement aims to reduce trade barriers and boost economic ties. It will streamline customs and enhance […]