New Delhi, July 5 (IANS) The India-UK Comprehensive Economic and Trade Agreement (CETA), set to come into force on July 15, provides duty-free access for 99 per cent of India’s exports to the UK.According to the latest notification from Finance Ministry that set out the rules, a product will qualify as originating in India or the UK if it is wholly obtained in either country, produced entirely from originating materials, or manufactured using non-originating inputs while meeting the product-spec…
Latest Supply Chains News & Updates
New Delhi, July 2 (IANS) Marine Products Export Development Authority (MPEDA) concluded the second National Skill Olympiad on Seafood Value Addition during Seafood Expo Bharat 2026 in Kochi, bringing together ten trained seafood processing professionals who demonstrated culinary skills and technical expertise in preparing value-added seafood products, an official statement said on Thursday.In the run-up to the event, MPEDA conducted 50 Seafood Value Addition Training Programs across the east and…
Washington, June 30 (IANS) Senior US and Indian officials projected growing confidence in the India-US strategic partnership, saying a long-awaited bilateral trade agreement is nearing completion as the two countries deepen cooperation in artificial intelligence, semiconductors, defence manufacturing and resilient supply chains.The broad consensus emerged at the US-India Strategic Partnership Forum (USISPF) Leadership Summit, where officials from both governments, lawmakers and business leaders …
Washington, June 26 (IANS) The Donald Trump administration on Friday identified India as a potential “comprehensive partner” under its Pax Silica initiative, saying the two countries are aligned on strengthening supply chains, expanding semiconductor cooperation, and reducing dependence on vulnerable manufacturing networks.After the launch of the initiative, Under Secretary of State for Economic Affairs Jacob Helberg said Washington sees significant opportunities to broaden technology and econom…
Washington, June 25 (IANS) The International Monetary Fund (IMF) on Thursday said the ceasefire in the Middle East and progress towards reopening the Strait of Hormuz have eased immediate risks to the global economy, although it cautioned that the full impact of the recent conflict has yet to play out.Speaking at a regular IMF press briefing, Julie Kozack, Director of the IMF’s Communications Department, said the war had once again tested the resilience of the global economy, but recent developm…
New Delhi, June 22 (IANS) Apex industry body ASSOCHAM on Monday welcomed the agreement reached between the US and Iran in Switzerland to ensure safe commercial shipping through the Strait of Hormuz, saying the development is expected to ease global crude oil prices and deliver significant benefits to the Indian economy.The chamber said the breakthrough — which comes amid heightened geopolitical tensions in the region — could help restore stability to global energy markets and reduce risks asso…
Tokyo, June 13 (IANS) Japan’s Prime Minister Sanae Takaichi on Saturday departed for her first trip to Europe since taking office in October. She is going to visit the UK, Italy and attend the G7 Summit in France.In the UK and Italy, Takaichi will meet the respective Prime Ministers Kier Starmer and Georgia Meloni and discuss issues such as the situation in East Asia, the Middle East, and Ukraine, while also engaging in discussions with the leaders of both countries to strengthen bilateral coope…
Washington, June 11 (IANS) President Donald Trump has cast a fresh doubt on the future of the United States-Mexico-Canada Agreement (USMCA), saying he is not certain he will renew the North American trade pact when it comes up for review during his current term. Speaking at the White House after signing the Secure America Act on Wednesday (local time), Trump said the agreement’s most important feature was not the trade provisions themselves but the fact that it allows the United States to revisi…
Washington, June 9 (IANS) Two senior Democratic senators have urged the Trump administration to restore proposed port fees on Chinese ships, arguing that the move is essential to rebuilding America’s shrinking shipbuilding industry and reducing dependence on China in a sector increasingly viewed as critical to national security.In a letter to US Trade Representative Jamieson Greer, Senators Elizabeth Warren and Mark Kelly said the administration should reinstate Section 301 fees and restrictions…
New Delhi, June 8 (IANS) India’s electronics manufacturing services (EMS) market could exceed $150 billion by FY30, and is at a critical inflection point, a report said on Monday.A report by KPMG in India showed that the EMS market has grown rapidly from roughly $10–12 billion in FY20 to $40–45 billion in FY25. The sector’s rapid expansion was driven by domestic demand, policy support and China+1 strategies, it said.However, it now faces a “scale without depth” paradox that limits valu…