Trend Trade and Commerce - Latest news, views and updates

Interest

Watch

TREND | 20 Jun 2025

Iran-Israel conflict: Exporters urge shift from Bandar Abbas to Chabahar

Business Standard

Exporters have suggested shifting cargo movement from Bandar Abbas port to the Chabahar port in the wake of Iran-Israel conflict, stating any further escalation in the war would severely impact trade with Afghanistan, Central Asia, and Russia, an industry official said on Friday. The official also said that the air freight rates have already seen a 15 per cent rise, and traders expect both air and sea freight costs to increase further if the conflict escalates. This was suggested during a meeting convened by the commerce ministry on assessing impact of the war on India's trade. It was chaired by Commerce Secretary Sunil Barthwal. The official also said that while there has been no immediate impact on shipments to Iran, disruptions are likely if the situation worsens. "If Bandar Abbas port doesn't function, it will affect exports not only to Iran but to Afghanistan and Central Asia also. We have been informed that there is adequate capacity at Chabahar, and this needs to be explored

Govt to meet stakeholders to assess impact of Iran-Israel conflict on trade

Business Standard | 20 Jun 2025

Trade and Commerce

TREND | 20 Jun 2025

More Indian exporters benefit from FTAs with UAE and Australia

Business Line

Certificates of Origin issued under the two pacts, essential for claiming preferential tariffs by exporters, increased substantially in 2024-25

Trade and Commerce

TREND | 19 Jun 2025

UK-India Week Hears How FTA Concluded Over Ice Creams In London's Hyde Park

NDTV Profit

I owe him one, joked Piyush Goyal as he shared insights from the discussions during an interview with PTI on the sidelines of the India Global Forum UK-India Week summit.

Govt seeks industry inputs on problems in India-ASEAN FTA utilisation

Business Line | 19 Jun 2025

Trade and Commerce

TREND | 19 Jun 2025

Piyush Goyal Terms Trade Deals With ASEAN Countries As Silly', Calls Them China's 'B-Team'

NDTV Profit

Union Commerce Minister Piyush Goyal on Thursday criticised India's legacy trade agreements with ASEAN nations, calling them "silly".

Trade and Commerce

TREND | 19 Jun 2025

India-UK FTA Will Take Time To Operationalise Due To Britain's Lengthy Processing: Piyush Goyal

NDTV Profit

The minister is on a two-day visit to the UK seeking to fast-track the IndiaUK free trade agreement and advance broader economic cooperation.

India-UK free trade pact provides predictability to business: Piyush Goyal

Business Standard | 18 Jun 2025 2 more

Trade and Commerce

TREND | 18 Jun 2025

Top 5 Indian IT exporters lose revenue share as mid-tier companies rise

Economic Times

The top five IT exporters' revenue share declined to a 29-quarter low of 81.3% in March 2025, as mid-tier firms like Coforge and Hexaware gained traction. These smaller companies benefited from clients' shift towards short-term projects, outpacing larger peers in revenue and profit growth over several quarters. Geopolitical uncertainty has also contributed to delayed decision-making.

Trade and Commerce

TREND | 17 Jun 2025

India-Peru FTA: New Delhi seeks assured supply of critical minerals

Business Line

India has submitted non-paper on its demands, sensitivities; next negotiating round likely in July-end

Trade and Commerce

TREND | 17 Jun 2025

Israel-Iran Conflict: Expect Rise In Freight Costs, Delayed Shipment, Says Indian Exports Federation

NDTV Profit

Exporters could also see additional pressures if fuel prices go to $100, Federation of Indian Export Organisations CEO Ajay Sahai said.

'Matter Of When, Not If': Exporters Brace For Higher Costs As Baltic Dry Index Up 50%

NDTV Profit | 16 Jun 2025

Trade and Commerce

TREND | 16 Jun 2025

70% vaccines sourced by WHO are from India; US imports 14% generics

Business Standard

Union Minister of State for Health Anupriya Patel said on Monday 70 per cent of total vaccines sourced by the World Health Organization (WHO) and 14 per cent of generics imported by the US are from India. She delivered the keynote address at the inaugural session of the Second Policymakers' Forum organised by the Indian Pharmacopoeia Commission (IPC) here. An international delegation of policymakers and drug regulators from 24 countries is participating in the forum. Aimed at promoting the recognition of the Indian Pharmacopoeia and collaboration in India's initiative for flagship affordable medicines -- the Pradhan Mantri Bhartiya Janaushadhi Pariyojana (PMBJP) -- the Forum is being organised by the IPC under the aegis of the Ministry of Health and Family Welfare in association with the Ministry of External Affairs. In her keynote address, Patel emphasised India's commitment to ensuring equitable access to quality-assured medicines and stressed the importance of regulatory...

Iran-Israel conflict: Govt to review trade impact with stakeholders

Business Standard | 16 Jun 2025

Trade and Commerce

TREND | 16 Jun 2025

Commerce Ministry to hold stakeholders' meeting on impact of Israel-Iran conflict

Business Line

Indian businesses are apprehensive that disruptions in trade route could affect shipment flow, raise freight rates