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TREND | 21 May 2025

Diageo to cut Scotch prices in India as UK FTA halves import duties

Business Standard

Duties on UK-made whisky and gin will drop from 150% to 75%, and then to 40% over 10 years under India-UK Free Trade Agreement; Diageo to pass on savings

Trade and Commerce

TREND | 20 May 2025

CCI To Play Role In All FTA Competition Chapters: Chairperson Ravneet Kaur

NDTV Profit

The CCI is working on clear guidelines around cost of production to bring uniformity in assessing competitive practices, says Kaur.

Trade and Commerce

TREND | 20 May 2025

Regulatory Delays Keenly Watched As India Negotiates FTAs: FM Sitharaman

NDTV Profit

Sitharaman said the current global landscape, which is marked by intense digital competition and export volatility, demands a fine balance between regulatory oversight and market freedom.

Trade and Commerce

TREND | 20 May 2025

US tariff unpredictability poses credit risk for debt issuers: Moody's

Business Standard

Moody's Ratings on Tuesday said the uncertainties around US tariffs have negative credit consequences for debt issuers across emerging markets, including companies, governments and banks. "The on-again, off-again US tariffs and difficulty predicting US trade policy have negative credit consequences for debt issuers across emerging markets," Moody's said. Besides, geopolitics is an additional stress for emerging markets, including the flare-up of tensions between India and Pakistan. Exporters are most directly exposed to US tariff changes, but most debt issuers face indirect effects, Moody's said, adding tariffs will reach a much bigger and varied group of debt issuers indirectly through slowing economic growth and, for many, commodity price declines, currency depreciation and investor risk aversion. "The raft of tariffs the US administration has announced, altered and paused this year has negative credit consequences for debt issuers across emerging markets, including companies, .

Trade and Commerce

TREND | 20 May 2025

Goyal, Lutnick discuss expediting' bilateral trade deal

Business Line

Commerce Minister to also meet US Trade Representative to push trade pact within 90-day pause period for reciprocal tariff

Trade and Commerce

TREND | 19 May 2025

Government E-Marketplace Preps As UK, UAE FTAs Open Up Public Procurement For Foreign Firms

NDTV Profit

GeM set a target of facilitating transactions worth Rs 7 lakh crore in FY26.

Trade and Commerce

TREND | 19 May 2025

India eyes rapeseed meal export revival to China as price gap widens

Business Standard

India is aiming to regain its market share in China's rapeseed meal imports, taking advantage of the commodity's lower price as compared to the international rate amid global supply constraints, industry body SEA said on Monday. Indian rapeseed meal is trading at USD 202 per tonne (Ex-Kandla FAS) as compared to international price of USD 308 per tonne (Ex-Hamburg). This creates a compelling opportunity for Indian exporters. The Solvent Extractors' Association (SEA) has urged Ministry of Commerce to negotiate with Chinese authorities for relaxed import conditions. Currently, only three Indian facilities registered with China's General Administration of Customs are permitted to export rapeseed meal to the Chinese market, it said in a statement. China, a major consumer of rapeseed meal for animal feed, sources most imports from Canada and the European Union, where supplies have tightened and prices have risen. "Given the prevailing supply constraints and rising costs, India now has a

Trade and Commerce

TREND | 18 May 2025

India-UK apparel, home textiles trade to double in 5-6 years under FTA: ICRA

Business Line

The FTA is expected to be operational in calendar year (CY) 2026, subject to legal review.

Trade and Commerce

TREND | 18 May 2025

India-UK FTA: Duty concession on Scotch to boost premium drive of distillers

Business Line

Home-grown players like Radico Khaitan, Allied Blenders & Distillers (ABD) and John Distilleries said the move will give consumers more choices and better access to high-quality spirits.

Indian distillers expect India-UK FTA duty cuts on scotch to boost growth

Business Standard | 18 May 2025

Trade and Commerce

TREND | 18 May 2025

Pulses import value drops 23.5% to $314 million during April on fall in purchase of yellow peas, lentils

Business Line

As per the Commerce Ministry's quick estimates, the pulses imports in value terms declined to $314.4 million during April, over same period last year's $411 million