2023-10-07 19:12:51 Around this time last year, India and the UK looked ready to sign a free trade deal: the deadline set by former British Prime Minister Boris Johnson was Diwali. That did not materialise. On October 26, a couple of days after the festival of lights, then UK trade minister Greg Hands said in … Read more
2023-09-12 18:43:30 The World Trade Organization (WTO) on Tuesday flagged unilateral environmental measures such as the mechanism and other EU Green Deal measures, along with the US’ Inflation Reduction Act, as trade concerns. It comes ahead of the implementation of the European Union’s Carbon Border Adjustment Mechanism (CBAM) rules for transition from October 1. In … Read more
2023-08-19 00:47:30 The slowing Chinese economy is unlikely to have much impact on India and the government will continue its capex push, finance secretary TV Somanathan said. On the fiscal deficit, he said the government will not exceed the budget estimate of 5.9% of GDP. “So far as China is concerned, the very fact that … Read more
2023-07-24 16:19:11 As many as 43 civil society organisations and trade unions have written to the Commerce & Industry Minister Piyush Goyal stating that the fisheries subsidies agreement being ratified at the WTO will not be favourable for Indian fishing communities and that New Delhi should get together with other developing nations to ensure that … Read more
2023-07-21 09:50:00 China vs. USA Both the US and China have great economic power – and are fighting for supremacy. (Photo: Stephan Schmitz for Handelsblatt) According to many experts, China is economically more unstable than it appears. At the same time, the USA is achieving astounding success with its reindustrialization strategy. In contrast to China, … Read more
2023-07-19 19:02:20 The US has raised concerns at India’s approval for environmental release of genetically modified (GM) mustard and the “routine cultivation” of GM cotton by Indian farmers even as New Delhi mandates a non-GMO and GM-free status certificate from exporting countries for 24 food products, including apples, wheat, rice, tomato and potato. In a … Read more
2023-07-17 17:27:44 New Delhi: India and the US have informed the World Trade Organization (WTO) that they have reached a mutually agreed solution to the dispute on retaliatory duties on certain products imported from Washington. The two sides, had last month, agreed to end six disputes at the WTO after a meeting between Prime Minister … Read more
2023-05-15 15:20:25 India and the UK will hold their next round of talks for the proposed free trade agreement in June here and both the sides are aiming to conclude the negotiations at the earliest, a senior government official said on Monday. Director General of Foreign Trade (DGFT) Santosh Kumar Saranagi said that trade negotiations … Read more