Page 8 - Trade

United States trade deficit narrows in October as exports rebound

The October deficit was 17.6per cent below the all-time peak in September of $81.4 billion

India-China trade deficit stands at $30 billion during Apr-Sept

Major items of import from China include telecom instruments, computer hardware, fertiliser, electronic components, chemicals and drug intermediates

Piyush Goyal suggests five focus areas to enhance India-Bangladesh ties

Commerce and Industry Minister Piyush Goyal on Sunday suggested five focus areas including trade, connectivity, health and tourism for further enhancing economic ties between India and Bangladesh. He also said that Bangladesh is India's biggest trade partner in South Asia with a volume of over USD 10 billion of trade and both the countries are looking to advance the Comprehensive Economic Partnership Agreement (CEPA). I would like to suggest 5 focus areas for strengthening India-Bangladesh relationship: Trade, Technology, Connectivity, Entrepreneurship, Health & Tourism," he said while addressing the Bangladesh International Investment Summit. The minister added that efforts to further improve this connectivity is imperative for the expansion of bilateral trade and realisation of investment potential between Bangladesh and Eastern India.

'India for preserving differential treatment of developing nations at WTO'

India will fight for preserving special and differential treatment for the developing nations at the forthcoming WTO ministerial conference at Geneva, an official said on Thursday. India will also ensure that the World Trade Organisation (WTO) remains a relevant international body promoting orderly global trade, said Shyamal Misra, joint secretary, Commerce Minister. He was participating in a discussion organised by the Research and Information System for Developing Countries (RIS) on the Issues before Twelfth WTO Ministerial' ahead of the 12th Ministerial Conference (MC12). Talking about what India will be fighting for at the WTO ministerial, he said, "S&DT is a fundamental principle that needs to be retained. Along with that we need to maintain the policy space that developing countries need... that India as a developing country needs. The WTO Agreements contain "special and differential treatment" provisions which give developing countries special rights. Misra said the WTO ...

India assessing ties with China in areas relating to trade: Shringla

Shringla said China maintained an aggressive posture and attempted multiple transgressions along the border in eastern Ladakh which was not conducive to peace and security

Regular India-US engagements under TPF will boost trade, says USIBC

A regular engagement between India and the United States under the bilateral Trade Policy Forum mechanism will help remove barriers to trade, facilitate higher levels of investment, the USIBC said

What India should strive for in trade deals

A trade agreement is like a game of chess

India, US to look for ways to resolve market access, trade issues

India and the United States agreed to look for ways to resolve differences on issues such as market access and digital trade at the start of a two-day visit by U.S. Trade Representative Katherine Tai

Global Value Chains and trade statistics: Why do they matter?

Global value chains and their linkage with the trade statistics may lead us to interesting conclusions on inconsistency between trade statistics and modern trade

New-gen issues in India's line of sight as it eyes trade deals

India has been trying to look West for quite some time, but none of the deals have fructified so far

Exports grow 11 months on trot, rise 43% to $35.65 billion in October

The widening of deficit was led by a surge in import of goods ahead of the festival season and the hardening of commodity prices

SME Chatroom: General bond can be furnished for warehousing imported goods

Business Standard brings you the fortnightly Q&A on SMEs

The opium connection

A readable account reprises a history that India has forgotten but China has not

SME Chatroom: Anti-dumping duty on inputs payable on sales from SEZ to DTA

Business Standard brings you the fortnightly Q&A on SMEs

Merchandise exports rise 42.33% to $35.47 billion in October

The merchandise imports surged 62.49 per cent to $55.37 billion

Onion prices not 'extraordinarily high'; no case for banning exports: Govt

Buffer stocks are being released to cool down the prices further, Union Food Secretary Sudhanshu Pandey said

US seizes made-in-China toys, popular in India, for dangerous chemicals

A consignment of made-in-China toys, which are highly popular among children in India, has been seized in the US

SME Chatroom: 'IGST refund rules for exports by EOUs need to be reviewed'

Business Standard brings you the fortnightly Q&A on SMEs

Centre removes export curbs on all diagnostic kits, reagents

The export restrictions on these products were imposed in June last year and August 16, 2021 on account of increasing COVID-19 cases

The future of trade digitisation

With India aiming to become a $5-trillion economy, digitising trade to create a more efficient and cost-effective system will be crucial