Why it could be a little hard for India to clinch favourable free trade pacts with UK, European Union

​Free Trade Agreements (FTAs), or treaties between two or more nations designed to reduce barriers to trade and investment, are not new to India. New Delhi has signed 13 such pacts in the last five decades, with the primary ones being with countries and blocs in the east — for instance Japan, South Korea, Australia, […]

From the Bangkok agreement (or APTA) to IPEF, India’s FTA journey has evolved significantly, reflecting its commitment to foster international trade and economic integration within its region and with global partners. These phases demonstrate India’s adaptability and willingness to explore new avenues for economic growth and cooperation on the international stage.

Industry has stated that due to the USD 1,200 per tonne MEP, Indian exporters lose their hard-earned buyer base to Pakistan, which is a competitor of India in this segment. In August, the government decided not to allow exports of basmati rice below USD 1,200 per tonne to restrict possible “illegal” shipment of white non-basmati […]

The Directorate General of Trade Remedies (DGTR) made this recommendation based on an application filed by JCB India Limited which was supported by BEML Ltd and Eimco Elecon (India) Ltd. The proposed duty excludes battery-operated wheel loaders. Wheel loaders are construction equipment, used for varied applications such as loading, shifting, heaping, and dozing bulk or […]

Goyal is here for the 11th meeting of the India-UAE High Level task Force on Investments. He added that trade in domestic currencies will help save at least 5 per cent on all trade between the two countries. The two sides held discussions around creating food and industrial parks in India. India and the UAE […]

The World Trade Organization (WTO) has revised its global goods trade forecast for 2023, cutting it to 0.8% from the previous estimate of 1.7%. The slowdown in trade is attributed to factors such as inflation, high interest rates, US dollar appreciation, and geopolitical tensions. However, the WTO expects a 3.3% growth in trade for 2024.

India and the United Arab Emirates (UAE) have signed a Memorandum of Understanding (MoU) to collaborate in the sharing and development of industries and advanced technologies. The MoU aims to strengthen industries in both nations through investments, technology transfer, and the deployment of key technologies. The areas of cooperation include supply chain resilience, renewable energy, […]

India is buying more Russian oil, despite it being priced above the Western cap of $60 per barrel, due to a resurgent Brent Crude. India has been purchasing Russian oil even though it has breached the G7’s price cap. India argues that it will buy any oil that is cheaper, prioritizing energy security. However, the […]

India has invited Brazilian companies to join its supply chain in order to strengthen economic ties between the two countries. Commerce Secretary Sunil Barthwal, during his visit to Brazil, discussed ways to promote trade and invited Brazilian industries to be part of India’s growing supply chain. The visit took place against the backdrop of a […]

India’s imports of edible oil decreased by 19% in September compared to August, as refiners reduced purchases of palm oil by 26% due to record inventories. The decline in edible oil imports could result in higher stocks of palm oil in Indonesia and Malaysia, affecting benchmark futures.