Page 3 - International Trade

RBI's move to settle trade transactions in rupee timely: Exporters

Exporters said the move was a step towards acceptance of rupee as an international currency.

Until US, China enact reforms, WTO will continue to fade into irrelevance

China has benefited far more from the WTO than any other trading nation; it should step up and take responsibility for keeping the organization afloat by redefining its role

International trade remains important

Nations with an open and free trade policy will make the most of the recovery in global trade

Need to make Indian banks, currency crucial part of int'l trade: PM Modi

PM Modi said India has developed various financial inclusion platforms and there is a need to create awareness about them for their optimum utilisation.

Need to make banks, currency important part of international trade: PM

Prime Minister Narendra Modi on Monday stressed the need to make India's banks and currency an important part of the international trade and supply chain.

Japan to resume tourism facilities in June; only packaged tour for now

Japan will open its borders to foreign tourists in June for the first time since imposing pandemic travel restrictions about two years ago, but only for package tours for now, the prim minister

US lawmakers want India to restrict sale of Russian-origin diamonds

A bipartisan group of American lawmakers has sought the help of the Biden administration in restricting the international trade and sale of Russian-origin diamonds

India suggests having discussions at WTO on role of e-commerce during Covid

India has suggested to convene a meeting under the aegis of the World Trade Organization (WTO) to discuss the role of e-commerce during the time of the Covid-19 pandemic

Why is the trade deal with UAE a significant step for India?

India signed a comprehensive free trade agreement with UAE on Friday. What does this trade agreement mean for New Delhi and what the govt is planning to achieve through this? Find out in this report

Negotiating pitfalls: Are there basic lacunae in India's practices?

As cumulative experience should teach us, fuzzy approaches have costs, so the homework has to be done before signing of contracts, not after, writes T N Ninan

Negative Covid test within one day of international travel in new US rule

Anthony Fauci said Wednesday he viewed the restrictions on the eight countries as a 'temporary measure'.

India-EU summit to bolster international trade, investment, says PM Modi

Ahead of the India-EU virtual summit, PM Narendra Modi and Portugal PM Antonio Costa said that strengthening the dialogue between the countries will boost mutual ties and benefit international trade

China's exports to North Korea spike to 6-month high in March: Details here

China's exports to North Korea in March rose to a six-month high, with outbound shipments to its neighbour that month nearly 400 times more than January-February combined

India scores zero on bribery of foreign officials: Transparency Int'l

Country fails to open account in four years till 2017 on five metrics, bribery of foreign public officials not criminalised at all despite India being bound by UNCAC rules

Members to discuss enhancing special treatment for developing nations: WTO

The members of the World Trade Organization (WTO)will discuss on September 23 proposals on enhancing special and differential treatment for developing countries. "At the meeting, members will discuss the latest version of ten agreement-specific proposals on special and differential treatment (S&D) tabled by the Organisation of African, Caribbean and Pacific States, the African Group and the WTO's group of least-developed countries (LDCs), which together comprise the G90," the WTO said in a statement. S&D provisions are flexibilities granted to developing nations and LDCs. It is aimed at increasing trade opportunities for these countries, safeguarding their interests in the form of longer periods for implementation of WTO agreements and providing technical assistance. WTO is a Geneva-based organization dealing with rules of trade between nations. India is its member since 1995.

Banks may not have to pay service tax for facilitating international trade

To facilitate trade, Indian banks provide services to exporters by sending the export documents to the bank of the importer abroad and collect payment

Adopt a strategic posture on trade

The fact is that India's mood on tra­de, particularly imports, has sou­red over the last five or six years

Global trade to dip 27% in second quarter after April 'nosedive': UNCTAD

China appeared to have 'fared better' than other major economies, with exports growing by 3% in April

RBI gives exporters, importers liquidity and more time amid Covid-19 crisis

RBI took cognizance of the difficult situation amid the global coronavirus crisis and announced a number of measures for the export and import sector

Global merchandise trade volumes likely to nosedive in H1, says WTO

The global body's goods trade barometer (GTB) on Wednesday hinted at further weakening of trade volumes in H2CY20.