New Delhi, March 27 (IANS) Iran’s plan to establish a safe corridor in the Strait of Hormuz has been met with reluctance from China, even as the country along with “Asia’s major economies facing serious issues amid disruptions in shipping traffic,” a new report has said.The report from Turkey-based Anadolu Agency said Chinese vessels largely avoided the safe corridor provided by Tehran for 10 days.Tehran announced on March 13 that it would monitor ship movements in a corridor between the Lar…
Latest international trade News & Updates
New Delhi, Feb 21 (IANS) After the US Supreme Court struck down reciprocal tariffs imposed by the Donald Trump administration, the White House has released a Fact Sheet, explaining that Trump has now invoked his authority under “Section 122 of the Trade Act of 1974”, which empowers the President to address certain “fundamental international payment problems” through surcharges and other special import restrictions.The Proclamation imposes, for a period of 150 days, a 10 per cent “ad va…
New Delhi, Feb 8 (IANS) Rashtriya Swayamsevak Sangh (RSS) chief Mohan Bhagwat on Sunday underscored the importance of India engaging with the global economy. He stated that international trade agreements should be designed to provide mutual benefits while also protecting the interests of the nation and its farmers.He was speaking on Day 2 of the Mumbai Vyakhyanmala lecture series, organised as part of the “100 Years of Sangh Journey”.Bhagwat said, “People believe in power; they listen to t…