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Foreign Trade

PM Modi in UAE

India, UAE Agree On Trade Settlement In Local Currencies, Linking Fast Payment Systems

PM Modi held wide-ranging discussions with UAE President Sheikh Mohamed bin Zayed Al Nahyan during which the two leaders lauded the economic partnership and hoped to achieve the target of USD 100 billion in trade before the...

16 July 2023

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Debt-Plagued Zambia Reaches Deal With China, Other Nations To Rework USD 6.3 Billion In Loans, French Say

The agreement covers loans from countries including France, the UK, South Africa, Israel and India as well as China — Zambia's biggest creditor at USD 4.1 billion of the total.

23 June 2023

US Lawmakers Welcome Agreement With India To End Retaliatory Tariffs On American apples

In 2018, the US imposed 25 per cent and 10 per cent import duties on certain steel and aluminium products respectively on grounds of national security. In retaliation, India June 2019 imposed customs duties on 28 American...

23 June 2023

20% Retaliatory Duty Removal On American Apple Imports To Have 'Zero' Impact On Indian Farmers: Official

Additional Secretary in the Department of Commerce Peeyush Kumar said that India is not giving anything "extra" by removing this duty and it was not that "we have opened a floodgate" for American apples.

26 June 2023

India US flags

India, US To Enhance Tech Commerce; To Focus On Semiconductor, Telecom, High-End Computing

India and US have signed multiple pacts to push bilateral commerce, technology transfer, joint development of technologies in the area of semiconductor, 5G and 6G telecom and open source based telecom network, quantum and...

23 June 2023

Zoho Founder and CEO, Sridhar Vembu

Zoho, Israel-Asia Chamber Of Commerce Sign Economic Cooperation Agreement

As part of the collaboration, partner companies with the Israel-Asia Chamber of Commerce would receive complimentary access upto one year of 55-plus cloud-based business applications offered by Zoho.

21 June 2023

Pakistan Flag (photo for representational purposes only)

Cash-Strapped Pakistan's Parliament Approves Rs 14.48 Trillion Budget For 2023-24

The government also agreed with the IMF's demand to cut its spending by Rs 85 billion.

26 June 2023

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European Union (EU)

Withdrawal Of Duty Benefit Scheme By UK May Impact Labour Intensive Goods' Exporters

The UK is replacing the Generalised Scheme of Preferences (GSP) with a new Developing Countries Trading Scheme (DCTS) from June 19.

19 June 2023

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12 June 2023
India, UAE Target USD 100 Bn Non-Oil Trade By 2030; Set Up Councils To Facilitate FTA Implementation

India, UAE Target USD 100 Bn Non-Oil Trade By 2030; Set Up Councils To Facilitate FTA Implementation

The new target was agreed upon during the first meeting of the Joint Committee of India-UAE Comprehensive Economic Partnership Agreement (CEPA). The agreement...


12 June 2023
New Pakistan Budget Will Do Little To Allay IMF Concerns: Experts

New Pakistan Budget Will Do Little To Allay IMF Concerns: Experts

The Pakistan government on Friday unveiled a Rs 14.4 trillion budget for 2023-24 as it battled to fend off a looming default due to shrinking foreign reserves....


12 June 2023
All Conditions Met, No Hurdle Left In Striking Deal With IMF: Pak PM Shehbaz Sharif

All Conditions Met, No Hurdle Left In Striking Deal With IMF: Pak PM Shehbaz Sharif

Sharif's remarks came as many believe that Pakistan's chances for the revival of the current USD 6.5 billion IMF programme have almost diminished before it...


06 June 2023
German Factory Orders Dipped Again As 2nd Quarter Started

German Factory Orders Dipped Again As 2nd Quarter Started

In late May, Germany's national statistics office said that the economy shrank in the first three months of this year, marking the second consecutive quarter...


02 June 2023
US, Taiwan Sign Trade Deal Over China's Opposition

US, Taiwan Sign Trade Deal Over China's Opposition

The two governments say the U.S.-Taiwan Initiative on 21st Century Trade will strengthen commercial relations by improving customs, investment and other...


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31 May 2023
UK Hails First Post-Brexit Trade Deals With Australia, New Zealand, But Impact Likely Small

UK Hails First Post-Brexit Trade Deals With Australia, New Zealand, But Impact Likely Small

UK Business and Trade Secretary Kemi Badenoch said that the start of the first all-new trade deals that Britain has struck since it left the European Union...


18 May 2023
Finmin Operationalises Amnesty Scheme For Traders Failing To Meet Export Obligation

Finmin Operationalises Amnesty Scheme For Traders Failing To Meet Export Obligation

The Central Board of Indirect Taxes and Customs (CBIC) asked principal commissioners/commissioners to ensure that the exporters approaching for paying the...


02 April 2023
India's Foreign Trade Set To Cross $1.6 Trillion Mark This Fiscal: Report

India's Foreign Trade Set To Cross $1.6 Trillion Mark This Fiscal: Report

The higher trade-to-GDP ratio also speaks of high trade openness which the country practices, GTRI co-founder Ajay Srivastava said


28 October 2022
Foreign Trade To Be A Defining Feature In Making India A $30 Trillion Economy: Piyush Goyal

Foreign Trade To Be A Defining Feature In Making India A $30 Trillion Economy: Piyush Goyal

Goyal said foreign trade was going to truly help in achieving the USD 30 trillion ambitious target


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