Page 3 - Global Trade

Indian-American Arun Venkataraman sworn in as US asst secy of commerce

Arun Venkataraman, a leading Indian-American has been sworn in as the Asst. Secretary of Commerce for Global Markets and Director General of the US and Foreign Commercial Service

Crisis in Ukraine could slash global trade growth by half in 2022: WTO

The projection, based on a global economic simulation model, was made by the World Trade Organization (WTO) Secretariat in a note issued on Monday

Centre extends foreign trade policy by another six months till Sept 30

The development comes amid disruptions in global trade due to month-long tension between Russia and Ukraine

2021, the year that was: 'Glocal' pandemic shocks, just as demand revived

The third of the year-ender series focuses on how Indian businesses suffered two global supply dislocations

What is the road ahead for Indian exports; will momentum continue?

India's goal of clocking $400 bn in merchandise exports looks attainable this year. Look at the factors that are contributing to India's export growth and the risks that threaten to stall the momentum

Global trade momentum slowing down

The United States continued to maintain high tariffs on goods from China that the Trump administration had imposed but that didn't seem to hurt China much

Commerce ministry likely to soften stance on 21st century issues at WTO

The commerce secretary said including 21st century issues in bilateral deals would bring both opportunities and challenges for Indian industry

Misreading China's WTO record hurts trade

China's WTO compliance record, while imperfect, is broadly comparable to that of other member countries

Reforming global trade rules is tough but doable, says WTO chief

GENEVA (Reuters) -The head of the World Trade Organization stressed the importance of reforming the global trade body to prevent further trade wars but warned it would be "very tough" amid high geopolitical tensions.

Latest threat in supply chain nightmares is the storm season at sea

Ships waiting to use the Port of Los Angeles hit 14 days at anchorage this week, about the same amount of time it takes to cross the Pacific, according to port data

Stock investors fret supply chain woes could knock earnings

Few expect the supply snarls to end this year as an energy crisis stokes inflation fears. Caution abounds in the semiconductor, retail and raw material space.

India's exports likely to get a boost as WTO raises trade outlook

Exports from India have been rising consistently over the last few quarters

As trade pick up, exporters worried about competitiveness challenge: Survey

As global trade picks up pace after the ravages of the pandemic, an industry lobby's survey has found that an overwhelming number of exporters are worried about competitiveness

WTO hikes trade forecasts but cautions on Covid-19 pandemic risk

The WTO said on Monday it expected merchandise trade would grow this year by 10.8% after a fall of 5.3% in 2020. In March, it had forecast 2021 growth of 8.0%

Different rules across nations hurting business travel - Today's Special

Many countries are adopting different sets of rules to allow foreigners to enter their territory. This hurts business prospects at a time when all are looking for stronger and faster economic recover

Global merchandise trade continues robust recovery from pandemic shock: WTO

The global merchandise trade is continuing its robust recovery from the shock of the Covid-19 pandemic, according to the WTO's Goods Trade Barometer, which hit a record high in its latest reading

China says US measures on import from Xinjiang threaten global trade

China's government rejected US accusations of forced labour in Xinjiang, accusing it of hurting global trade after US lawmakers endorsed import curbs and warned American companies of legal risks

Indo-Pacific new economic centre of gravity of globalised world: Goyal

Piyush Goyal invited the business community to actively take part in efforts for bolstering development, trade and growth in the region

China's worse-than-Suez ship congestion set to widen global trade chaos

Yantian Port says it will be back to normal by the end of June, but it may take months for the cargo backlog in southern China to clear while the fallout ripples worldwide.

Opportunities galore in the east

A deeper integration with east Asian economies could be integral to India's economic recovery in the pandemic