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…
Latest Trade Relations News & Updates
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…
Washington, Feb 25 (IANS) US President Donald Trump declared that America was “winning again,” touting sweeping tax cuts, what he called the “strongest and most secure border in American history,” and a new policy to shield consumers from rising electricity costs linked to artificial intelligence.“For all these reasons, I say tonight—Members of Congress, the state of our union is strong,” Trump said in his State of the Union address.On the economy, Trump said his administration had del…
Faridabad, Feb 13 (IANS) Saying from the sacred and culturally rich land of Surajkund a new chapter of India-Africa partnership has begun, Haryana Chief Minister Nayab Singh Saini, on Friday, held deliberations with Ambassadors and High Commissioners from 21 African nations for economic cooperation. At the Haryana-Africa Strategic Partnership Meeting in Surajkund, near here, deliberations were held on the possibilities of cooperation between Haryana and African countries in the fields of industr…
Washington, Feb 13 (IANS) President Donald Trump said that he will visit China in April for a summit with Chinese President Xi Jinping. Xi is expected to visit the United States later this year.“Yeah, I’ll be visiting President Xi in April. I look forward to it. He’s coming here later in the year, and I look very much forward to it,” Trump told reporters at the White House.Trump described ties with Beijing as steady. “No, our relationship with China is very good right now,” he said in …
New Delhi, Feb 5 (IANS) India and the Gulf Cooperation Council on Thursday signed the Terms of Reference to guide the negotiations for the India-GCC Free Trade Agreement (FTA) The Terms of Reference (ToR), which will define the scope and modalities of the talks, were signed between Additional Secretary and Chief Negotiator, Department of Commerce, Ajay Bhadoo, and the GCC Secretariat General’s Chief Negotiator, Dr Raja Al Marzouqi, at the Vanijya Bhawan in the presence of Commerce and Industry M…