Page 9 - Trade
UK wants trade and security pact with India and other democracies: FS Truss
UK wants to strike agreements covering trade and security with India and other democratic countries in strategic Indo-Pacific region to challenge influence of "malign actors and authoritarian states"
 "UK wants trade and security pact with India and other democracies: FS Truss")
India, Australia aim to finalise trade pact by end of next year
Early harvest pact will be signed by Christmas
 "India, Australia aim to finalise trade pact by end of next year")
India emerges as Dubai's second biggest trade partner after China
Saudi Arabia came fourth with 30.5 billion dirham up 26 per cent from H1 2020, followed by Switzerland at 24.8 billion dirham
 "India emerges as Dubai's second biggest trade partner after China")
Govt eases rules for ammonium nitrate, calcium carbide to improve safety
This was done in the backdrop of the lessons learnt from the deadly Beirut explosion that killed about 140 people in August 2020
China applies to join Pacific trade pact to boost economic clout
China has filed an application to join the Comprehensive and Progressive Agreement for Trans-Pacific Partnership (CPTPP), the commerce ministry said
 "China applies to join Pacific trade pact to boost economic clout")
Piyush Goyal, Liz Truss talks to decide next steps for UK-India trade deal
Goyal is scheduled for virtual talks with his UK counterpart, Liz Truss, on Monday
 "Piyush Goyal, Liz Truss talks to decide next steps for UK-India trade deal")
Asset monetisation plan gives a bigger role to private operators
When implemented, the entities engaged in cross border trade in merchandise will deal more with private entities managing the ports and airports
India, US to aspire for $500 bn trade in near future, says Piyush Goyal
Union Minister Piyush Goyal said India and US have agreed to aspire for $500 bn trade in near future, adding that world is looking for a trusted partner and that partner is India's business community
 "India, US to aspire for $500 bn trade in near future, says Piyush Goyal")
China's two-week port closure to have a mixed impact on India's trade
India has been facing acute shortage of containers since November 2020 leading to ocean freight rates having zoomed 5-7times within a span of 8-9 months.
 "China's two-week port closure to have a mixed impact on India's trade")
Trade, security on agenda as Antony Blinken meets PM Modi today
Blinken is on a two-day visit to India and arrived in New Delhi on Tuesday. This is his first visit to the country as secretary of state
 "Trade, security on agenda as Antony Blinken meets PM Modi today")
USTR to join WTO negotiations on domestic services regulations
USTR said in a statement that the WTO Joint Statement Initiative on Services Domestic Regulation is an opportunity to improve the transparency and fairness of processes for obtaining overseas licenses
 "USTR to join WTO negotiations on domestic services regulations")
Samsung Elec, affiliates fined $207 million over cafeteria contracts
The Korea Fair Trade Commission (KFTC) watchdog made the announcement on Thursday
 "Samsung Elec, affiliates fined $207 million over cafeteria contracts")
Covid-related trade barriers rising, says WTO director general
One such measure is the European Union's export authorisation scheme for Covid-19 vaccines
 "Covid-related trade barriers rising, says WTO director general")
Despite Covid, India-Singapore trade likely to be around $21 bn in 2020-21
Notwithstanding the Covid-19 pandemic, trade between India and Singapore is likely to touch $21 billion in financial year 2020-21, India's High Commissioner to Singapore P Kumaran has said
 "Despite Covid, India-Singapore trade likely to be around $21 bn in 2020-21")
Global freight sails out of the digital dark ages, aided by start-ups
A missing load can mean the company pays penalties to wholesale customers for late shipments
 "Global freight sails out of the digital dark ages, aided by start-ups")
Egyptian court allows Suez Canal to keep holding Ever Given: Lawyer
The Ever Given, one of the world's largest container ships, became jammed across the canal in high winds on March 23
 "Egyptian court allows Suez Canal to keep holding Ever Given: Lawyer")
India and European Union to resume negotiations for FTA after 8 years
India and EU agreed to resume negotiations for a balanced, ambitious and comprehensive trade pact, says MEA
 "India and European Union to resume negotiations for FTA after 8 years")
Indian industry will welcome resumption of India-EU FTA talks: CII
Implementation of the proposed free-trade agreement between India and the European Union (EU) will benefit both the sides: CII
 "Indian industry will welcome resumption of India-EU FTA talks: CII")
China trade surges as global demand recovers from coronavirus pandemic
China's exports surged 32.3 per cent over a year earlier in April as global consumer demand strengthened, while imports rose 43.1 per cent
BS READS: India, Pakistan and the story of lost trading potential
Pakistan's proposal of lifting the ban on cotton and sugar imports from India turned out to be a non-starter. Both countries have a compelling economic case to resume trade ties as soon as possible
 "BS READS: India, Pakistan and the story of lost trading potential")
