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Trade and Commerce

TREND | 27 Jul 2024

WTO Members Signal Progress On Draft E-Commerce Deal

NDTV Profit

Among the 91 participants were the US, China, Japan, the UK and the major economies of the European Union although Washington also signaled a reluctance to fully endorse it.

India ranks second in anti-dumping duties, lowers average tariffs in 2023

Business Standard | 27 Jul 2024

Trade and Commerce

TREND | 26 Jul 2024

India-UK FTA: UKIBC chief Mccole hopeful of signing some deal quickly

Business Standard

Reiterating the UK Foreign Secretary's statement, he noted that David Lammy sees FTA as a "floor" for both countries' trade and investment relationship

Trade and Commerce

TREND | 25 Jul 2024

Hot stocks: Brokerage view on United Spirits, Tata Motors, L&T, Axis Bank and Federal Bank

Economic Times

Nuvama upgraded United Spirits to buy, raising target price to Rs 1,630 from Rs 1,195, citing strong cost controls and healthy margins. Reasons include margin outperformance, growth potential in premium categories, upcoming festive season, H2 demand recovery, Karnataka tax benefits, Andhra policy changes, and potential India-UK FTA.

Trade and Commerce

TREND | 25 Jul 2024

India-UK unveil futuristic Technology Security Initiative; to seal FTA soon

Business Standard

India and the UK on Wednesday firmed up a landmark technology security initiative that sets out a bold new approach for collaboration in a range of "priority" sectors including telecom, critical minerals, semiconductors and artificial intelligence, with a broader aim to elevate their strategic partnership to the next level. The decision on the UK-India Technology Security Initiative was made public following wide-ranging talks between External Affairs Minister S Jaishankar and his visiting British counterpart David Lammy. In the discussions, both sides appreciated the "substantial" progress made in the India-UK FTA negotiations and looked forward to its "early conclusion" to achieve a mutually beneficial deal, the Ministry of External Affairs (MEA) said. It is learnt that the Indian side, during the talks, flagged its concerns over activities of pro-Khalistan elements in the UK while the British side raised the issue of Christian Michel, the key accused in the AgustaWestland VVIP ..

Trade and Commerce

TREND | 24 Jul 2024

UK Foreign Secretary to discuss FTA, climate, security with Indian leaders, businesses

Business Line

In his one-day visit on July 24, Lammy to highlight the importance of a new partnership' with India

Trade and Commerce

TREND | 24 Jul 2024

India-UK FTA negotiations floor not ceiling of ambitions: David Lammy

Business Standard

British Foreign Secretary David Lammy on Wednesday began a two-day visit to India to galvanise negotiations for an ambitious Free Trade Agreement and reset the overall bilateral partnership in crucial areas such as clean energy, new technologies and security. As he embarked on the high-profile trip, Lammy described the negotiations for the trade deal as the floor and not the ceiling of the ambitions to unlock shared potential and deliver growth. The British foreign secretary's visit to New Delhi is the first high-level engagement between India and the UK after Prime Minister Keir Starmer's Labour government came to power on July 5. "India is the emerging superpower of the 21st century, the largest country in the world with 1.4 billion people and one of the fastest growing economies in the world," Lammy said. "Our Free Trade Agreement negotiations is the floor not the ceiling of our ambitions to unlock our shared potential and deliver growth, from Bengaluru to Birmingham," he said.

Trade and Commerce

TREND | 21 Jul 2024, 11:44PM

Useful WIPO guide on Trade Secrets and Innovation

Business Standard

Exporters invest lots of time, effort and money in finding customers and developing products to meet the requirements of the buyers

How do Indian basmati rice brands compete globally?

Business Line | 21 Jul 2024

Trade and Commerce

TREND | 21 Jul 2024, 07:41PM

India-Bangladesh trade comes to standstill as students' protests intensify

Business Standard

Trade between India and Bangladesh via land ports came to a standstill on Sunday as there was no movement of cargo trucks to and fro due to the ongoing student protests in the neighbouring country, officials said. The Bangladeshi side of the Petrapole landport remained non-functional, they said. Nearly one-third of land-based trade between India and Bangladesh takes place through Petrapole. "Trade from other land ports to Bangladesh, including Petrapole, Gojadanga, Fulbari, and Mahadipur, has also stalled as Bangladeshi Customs announced a two-day holiday from Sunday, following the government's declaration of a holiday except for essential services due to unrest," West Bengal Exporters' Coordination Committee Secretary Ujjal Saha said. The cargo trucks that crossed over to Bangladesh on Saturday from Mahadipur port in Malda have not returned, but they are safe, he said. "There has been no movement of trucks (import and export) at the Petrapole border since Sunday morning. Our land

India FTA talks set to be revived with first major UK ministerial visit

Business Standard | 21 Jul 2024 1 more

Trade and Commerce

TREND | 21 Jul 2024

Complex procedures, import restrictions hurt garment export growth: GTRI

Business Standard

Issues like complex procedures of DGFT and customs, import restrictions and domestic vested interests are holding up the export growth of the Indian garment sector, think tank GTRI said on Sunday. At the root of the exporters' problem is difficulty in obtaining quality raw fabric, particularly synthetic fabric, the Global Trade Research Initiative said. "Unlike in Bangladesh and Vietnam, where exporters easily access quality imported fabrics, Indian exporters struggle daily. High import duties on fabrics, coupled with DGFT (Directorate General of Foreign Trade) and Customs; intricate procedures, force exporters to meticulously account for every inch and type of fabric imported," GTRI founder Ajay Srivastava said. He added that the imposition of mandatory quality norms on raw materials like polyester and viscose staple fibres is complicating imports as the BIS (Bureau of Indian Standards) slowly registers foreign suppliers, and this delay compels exporters to buy from domestic...

Trade and Commerce

TREND | 20 Jul 2024

India Flags High Trade Deficit With China At WTO Policy Review Meet

NDTV Profit

A Geneva-based trade official said India noted that its bilateral trade with China records the biggest trade deficit.

India flags high trade deficit in policy review meet of China in WTO

Business Standard | 19 Jul 2024 1 more