External Affairs Minister S Jaishankar on Saturday said that India and Tanzania have started trade settlements in local currencies and this new initiative will help in promoting commerce between the two countries. Addressing industry leaders at a function, the minister said India-Tanzania bilateral trade has seen very strong growth, and stood at USD 6.4 billion […]
India and Tanzania started trade settlements in local currencies: S Jaishankar
Some Indian refiners, including a private refiner, have paid for some Russian oil imports in Chinese currency Yuan following such demands from suppliers, according to people familiar with the matter.
India is not ‘extractive economy’ and is not pursuing ‘narrow economic activities’ in Africa: Jaishankar
3 years ago
In a veiled attack on China, External Affairs Minister S Jaishankar has said that, unlike some other countries, India is not “an extractive economy” and it was not pursuing “narrow economic activities” in the resource-rich African continent. Jaishankar, who arrived here on Thursday after visiting Zanzibar, made these remarks while addressing the Indian community in […]
India is now the best-performing country amongst all the countries of the South Asia region. The overall score of India has been greater than many developed countries including Canada, France, the UK, Germany etc.
The EU’s introduction of a Carbon Border Adjustment Mechanism (CBAM), with 20% to 35% tariffs on high-carbon exports, could impede India’s exports of steel, iron ore and cement, according to the the country’s finance ministry. The EU plans to levy the tariffs from 2026 and will start requiring reports of carbon content for such exports […]
The Directorate General of Trade Remedies (DGTR) has initiated a Safeguard duty (Quantitative Restrictions) investigation concerning imports of low ash metallurgical coke (Met Coke) into India. Met coke is used as a primary fuel in furnaces of steel, chemical, Ferro alloy, and pig iron plants. DGTR will be investigating imports of the commodity from April […]
India can also put trade barriers in retaliation to restrictions imposed by some countries, Union Minister R K Singh said on Wednesday. The minister for power, new and renewable energy made the remarks at the first International Conference on Green Hydrogen 2023.
India begins anti-dumping probe into import of Chinese aluminium frames for solar panels
3 years ago
The DGTR in a notification said the applicant has alleged that the product is exported by China into India at dumped prices in significant quantities for a prolonged period and that is impacting the industry.
“The 2030 roadmap agreed by our Prime Ministers in May 2021 is a practical plan to transform the relationship between United Kingdom and India. It will bring immense benefits for both the countries. We have committed to doubling trade between the two great nations,” Huddleston said.
UK’s proposal to complete the free trade pact with India, which is crucial for the former’s shift towards the growing markets in the Indo-Pacific, has no specific deadlines. UK’s Minister for International Trade, Nigel Huddleston, said 50% of the deal has been concluded, including negotiations in the service sector and investments, but the complete agreement […]