Washington, May 8 (IANS) Brazilian President Luiz Inacio Lula da Silva said that he urged US President Donald Trump to pursue dialogue with Iran and handed him a copy of a 2010 nuclear agreement brokered by Brazil and Turkey, as the two leaders concluded a closed-door White House meeting focused on trade, tariffs and global conflicts.Speaking later at the Brazilian Embassy in Washington on Thursday, Lula said he told Trump that “dialogue” was more effective than war and warned that military …
Latest Trade Relations News & Updates
New York, May 1 (IANS) US President Donald Trump announced that he will remove tariffs on Scottish whisky to celebrate the connection between the United States and Britain as King Charles III winds up his four-day visit to the United States.”In Honor of the King and Queen of the United Kingdom … I will be removing the Tariffs and Restrictions on Whiskey having to do with Scotland’s ability to work with the Commonwealth of Kentucky on Whiskey and Bourbon, two very important Industries within Sc…
Jaipur, April 28 (IANS) The Indo-American Chamber of Commerce launched its Rajasthan Chapter on Tuesday in Jaipur, to strengthen Indo-United States trade and investment ties at the state level and create a platform for deeper business collaboration, policy dialogue, and global partnerships. Addressing the launch ceremony, Bhasin, the National Past President of the Indo-American Chamber of Commerce, emphasised the need to accurately project India’s strengths on the global stage.He urged that In…
New Delhi, April 27 (IANS) Leading business chamber Assocham on Monday signed a Memorandum of Understanding (MoU) with the India-New Zealand Business Council (INZBC) to develop a structured plan of action to facilitate and formalise industry-led initiatives under the India–New Zealand FTA and to ensure that businesses on both sides can effectively leverage the opportunities arising from the agreement.Strengthening connectivity and human links will be central to unlocking the full potential of …
New Delhi, April 13 (IANS) Union Commerce and Industry Minister Piyush Goyal on Monday said that India and Oman have discussed unlocking opportunities under the proposed CEPA to boost bilateral trade and investment ties for the mutual growth of both nations.The minister shared details of his telephonic conversation with Oman’s Minister of Commerce, Industry and Investment Promotion, Anwar bin Hilal bin Hamdoun Al Jabri, stating that both sides explored ways to deepen economic engagement betwee…
Washington, March 31 (IANS) US Trade Representative Jamieson Greer said on Tuesday that the US is largely shielded from supply chain disruptions stemming from tensions in the Strait of Hormuz, but these disruptions are impacting key Asian economies. “Right now, I think the thing to understand is that the United States is generally insulated from a lot of the supply chain effects when it comes to… direct commodities,” Greer told Bloomberg in an interview, noting reliance on “domestic sourcing” …
Karnal (Haryana), March 26 (IANS) Union Minister Manohar Lal on Thursday said that while global conflicts and geopolitical tensions pose a potential risk to the supply of petroleum products and gas, India is well-prepared to tackle any such challenge and there is “no need to panic” at present.Speaking to reporters, the minister underlined that the issue of energy supply is not confined to India alone but is a growing international concern, particularly in light of ongoing conflicts between sever…
New Delhi/Dhaka, March 21 (IANS) While Bangladesh and India have engaged in extensive discussions on trade and connectivity extensively at the bilateral level, the emergency supply security – with clearly defined, structured, and contractually binding terms – is yet to be formalised despite its clear significance, a report said on Saturday. According to a report in the ‘Eurasia Times’, the surge in global container freight rates between 2020 and 2022, coupled with port backlogs that extended…
New Delhi, March 9 (IANS) India’s relations with Germany and the European Union (EU) have strengthened from being based merely on trade ties to a strategic alignment encompassing economics, technology and shared interest in a stable Indo-Pacific, according to a new report“Recent high level visits and upgraded frameworks with Germany, France, Italy, Finland, and the EU leadership have consolidated Europe as India’s second strategic theatre after the Indo-Pacific’s core Quad network,” ac…
New Delhi, March 2 (IANS) Prime Minister Narendra Modi on Monday said that the friendship between India and Canada has gained new energy, mutual trust and positivity since his first meeting with Canadian counterpart Mark Carney, last year. “India is delighted to welcome Prime Minister Carney on his first visit to our nation. This is an important milestone in India-Canada relations. PM Carney’s accomplishments, including those before he became Prime Minister, are very inspiring. I can say with co…