The framework is structured around four pillars relating to trade, supply chains, clean economy, and fair economy (issues like tax and anti-corruption). India has joined the three pillars except the trade part. The member countries are holding negotiations to sign separate agreements on these subjects.
No decision yet on India joining trade pillar of IPEF: Official
India has extended the restriction on the export of all varieties of sugar beyond October 31. The restriction does not apply to sugar being exported to the EU and the US under specific quotas. India, the second-largest sugar exporter, wants to ensure sufficient availability of sugar for domestic consumption. The country’s sugar production is expected […]
More delay in India-UK FTA, India ‘struggling to differentiate between what it needs & wants’
2 years ago
The free trade agreement between India and the United Kingdom is facing further delays due to disagreements, particularly regarding trade in goods and services. India is struggling to differentiate between its wants and needs in the negotiations. The two countries were expected to sign the proposed agreement at the end of this month, but progress […]
Commerce and industry minister, Piyush Goyal, will chair a meeting next week to discuss the closure of three state-owned companies: Metals and Minerals Trading Corporation of India (MMTC), State Trading Corporation (STC), and Project & Equipment Corporation of India. These companies were denotified as nominated agencies for imports and exports of goods. A decision on […]
Tur prices have stabilised following the recent government measure of tightening the stock limit on traders and processors. “However, the prices of African tur, which have declined by 5%, could have reduced by another 10% if the imports had been smooth,” said a pulse importer from Maharashtra.
As the primary source of commercial energy in India, coal accounts for half of our energy consumption and remains the dominant fuel for power generation due to its reliability compared to other renewable energy sources, the coal ministry said in a statement.
The Global Trade Research Initiative (GTRI) said this FTA marks a transformative shift in India’s approach to trade, moving its focus from the east to the west, and broadening its scope to include non-trade matters such as environment, labour, gender, digital trade, and data governance.
India is boycotting China’s Belt and Road Initiative summit for the third time, citing concerns over sovereignty issues and the financial viability of Beijing’s projects. The two-day summit is being held amid criticism that the loans for unsustainable projects have led to debt traps for smaller countries. India has been critical of the China-Pakistan Economic […]
The future of China’s Belt and Road Initiative (BRI) looks uncertain as momentum for the project has tapered off in recent years. China’s overall activity in BRI countries is down about 40% from its 2018 peak, and the project faces accusations of being an irresponsible lender. The COVID-19 pandemic has further slowed down the initiative, […]
At a meeting of the committee on market access at the World Trade Organization (WTO), the US said the measure prompts its firms to think twice about doing business in India and it would impact its exports while China and Taiwan sought the purpose of this policy.