India’s new trade deal with the UK faces a potential hurdle. The ongoing West Asia crisis is impacting sea routes. Vessels are rerouting away from key passages. This could affect India’s exports in the initial phase of the agreement. Gem and jewellery exports are also becoming costlier due to air cargo detours. The government is […]
India-UK trade deal faces challenges amid West Asia conflict
The ongoing conflict in West Asia is severely affecting Surat’s textile industry. Shipping costs have surged by 400 per cent. Payments are delayed as materials remain stuck on ships. Raw material prices are also climbing. This situation threatens both international and domestic supply chains. Industry leaders anticipate a significant revenue crisis. The disruption impacts trade […]
Russia is ready to supply energy to India if the West Asia conflict disrupts supplies from the Gulf. This comes as India steps up measures to secure its economic security amid maritime route disruptions. The Ministry of External Affairs expressed concern over attacks on merchant shipping. India is taking emergency trade support measures to ensure […]
India faces significant energy disruption as Qatar halts liquefied natural gas deliveries. An Iranian drone strike has forced Qatar to declare force majeure. This halt impacts up to 40 percent of India’s gas supplies. Industries are seeing cuts, while CNG and piped gas networks are prioritized. Companies are seeking alternative supplies in a firming spot […]
India, Canada sign $2.6 billion uranium deal, target $50 billion trade by 2030 with CEPA push
3 months ago
India and Canada have signed significant agreements on uranium and critical minerals. Both nations aim to boost bilateral trade to $50 billion by 2030. This partnership includes cooperation in defense, technology, and renewable energy. The leaders finalized terms for a comprehensive economic partnership agreement. This move signifies a reset in relations and unlocks new opportunities […]
India’s government is actively addressing the trade impact of the West Asia conflict. Discussions with exporters and logistics firms are underway to manage disruptions. Measures are being planned to ensure smooth cargo movement and protect exporter interests. The focus is on maintaining supply chain resilience and continuity of trade flows.
India and the US are progressing towards a trade agreement. Both nations are working to improve market access and lower trade barriers. An interim agreement will see India reduce tariffs on US industrial and agricultural products. It also addresses barriers for US medical devices and IT goods.
Japan and South Korea have voiced concerns over delayed Indian import clearances, citing regulatory issues like quality control orders and safeguard duties. Indian officials state that only shipments with inadequate documentation are being held, emphasizing no country-specific bias. Meanwhile, India’s domestic steel sector anticipates a significant boost in capital expenditure.
India and Canada have officially begun talks for a Comprehensive Economic Partnership Agreement. This marks a new chapter in their trade relations. Both nations aim to finalize the pact by the end of 2026. They have set a target to increase bilateral trade to 50 billion dollars by 2030. This agreement will cover goods, services, […]
Indian ships are told to avoid West Asian ports and the Strait of Hormuz. Major shipping companies have suspended bookings and rerouted vessels. The Strait of Hormuz is closed. This is a precautionary measure amid regional conflict. About 25 Indian vessels are being monitored.