Page 5 - Trade
Globalisation shocks that could help India
The long-term consequences of the shocks could be very serious for China
India topped list of trade-related concerns at WTO in 2021 with 35% share
Issues were raised about India's-policy on tyres, import curbs on ACs, quality norms for copier paper and caustic soda, GM-free certification for imported food items, among other things
 "India topped list of trade-related concerns at WTO in 2021 with 35% share")
Kolkata port to undertake trial runs for cargo movement using B'desh ports
The Kolkata port will undertake four trial runs before the implementation of an agreement on the use of neighbouring Bangladesh's Chittagong and Mongla ports by India for trade, an official said
 "Kolkata port to undertake trial runs for cargo movement using B'desh ports")
India got highest aid for trade from developed countries in 2020
The total disbursement during 2020 was $48.7 billion, which translates to India getting 4 per cent of the disbursements
 "India got highest aid for trade from developed countries in 2020")
Trade settlement in rupee: Banks seek clarity on fund repatriation
Banks also raised the question to the RBI as to why the surplus balances in Vostro accounts could only be invested in government securities and not corporate debt
 "Trade settlement in rupee: Banks seek clarity on fund repatriation")
Share of dollar, euro in Indian trade payments up 30% since 1990s: IMF data
Research shows effect of dollar fluctuations on bilateral trade; RBI mechanism to pay in Indian rupees may help settle trade with Russia and Sri Lanka, remove risks of dealing in greenback
 "Share of dollar, euro in Indian trade payments up 30% since 1990s: IMF data")
RBI allows settlement in rupee to settle trade with Russia, Sri Lanka
Exchange rate of two trading partners may be market determined, says central bank
 "RBI allows settlement in rupee to settle trade with Russia, Sri Lanka")
Sebi permits FPIs to deal in exchange-traded commodity derivatives
The regulator has also prescribed a working group to examine whether measures towards any additional risk management are required to be prescribed for FPIs
 "Sebi permits FPIs to deal in exchange-traded commodity derivatives")
Adani, LG among 15 firms chosen by DPIIT for round-2 of white goods PLI
Rs 1,368 cr committed for manufacturing ACs and LED light components; Total production pegged at Rs 25,583 crore over five years, with 4,000 direct job opportunities
 "Adani, LG among 15 firms chosen by DPIIT for round-2 of white goods PLI")
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
 "Until US, China enact reforms, WTO will continue to fade into irrelevance")
WTO provisionally agrees to extend e-commerce tariff moratorium: Report
The prospect of ending the moratorium, which has exempted data flows from cross-border tariffs since 1998, had raised major concerns among businesse
 "WTO provisionally agrees to extend e-commerce tariff moratorium: Report")
What is a 'fat-finger trade' or freak trade?
Did you know that at times a wrong entry on a keyboard by a stressed trader can also bring down shares of any mighty company? It is known as fat finger syndrome. Let us know more about it.
 "What is a 'fat-finger trade' or freak trade?")
US surpasses China as India's biggest trading partner in FY22 at $119.42 bn
The US surpassed China to become India's top trading partner in 2021-22, reflecting strengthening economic ties between the two countries
 "US surpasses China as India's biggest trading partner in FY22 at $119.42 bn")
WEF 2022: Digital reforms of customs may increase intra-African trade
The report, Growing Intra-Africa Trade through Digital Transformation of customs and borders, presented on Tuesday at WEF 22 annual meeting called for more integrated digital reforms
 "WEF 2022: Digital reforms of customs may increase intra-African trade")
New UK sanctions against Russia, Belarus target $2 billion worth of trade
The British government specified that Russia is one of the leading platinum and palladium producing countries and that its related imports to the United Kingdom had been significant
 "New UK sanctions against Russia, Belarus target $2 billion worth of trade")
UAE Minister of Economy to lead high-level business delegation to India
UAE's minister for small and medium enterprises is also part of the delegation.
Australia hopes digital trade agreement with India by the year-end
The outbreak of the global pandemic has impacted Australia's investment in India to a degree consistent with trends elsewhere in Asia
 "Australia hopes digital trade agreement with India by the year-end")
Want to wrap up trade deal with India within a year: Bangladesh
Bangladesh is in the advanced stage of talks with the Tata Group and Ashok Leyland for automotive investment in that country.
 "Want to wrap up trade deal with India within a year: Bangladesh")
China utilising monopoly of rare earth trade as weapon against competitors
With the increasing tensions between Beijing and the Joe Biden administration in Washington and PM Scott Morrison's government in Canberra, China is utilizing its monopoly of rare earth trade
 "China utilising monopoly of rare earth trade as weapon against competitors")
India to provide $1 million to BIMSTEC to increase its operational budget
PM Modi made the announcement in the backdrop of making early progress on the proposal of the BIMSTEC free trade agreement (FTA) to enhance mutual business.
 "India to provide $1 million to BIMSTEC to increase its operational budget")
