New Delhi, June 19 (IANS) India and Uzbekistan on Friday agreed to deepen trade ties, address the issue of non-tariff barriers and work towards doubling bilateral trade in the next three years, according to a statement issued by the Ministry of Commerce and Industry on Friday. Rajesh Agrawal, Department of Commerce Secretary, co-chaired the 14th Session of the India-Uzbekistan Intergovernmental Commission on Trade, Economic, Scientific and Technological Cooperation with Shokhrukh Gulamov, Deputy…
Latest Trade News & Updates
New Delhi, June 18 (IANS) The signing of the US‑Iran Memorandum of Understanding is a significant breakthrough that will reshape global trade dynamics and provide a macro‑economic breather for India’s export‑import community acting as a “logistical game-changer”, industry body FIEO said on Thursday.The conflict in West Asia suppressed India’s trade volume particularly with the Middle East and the US-Iran pact is expected to unlock pent‑up consumer and industrial demand, said S C Ralh…
Washington, June 13 (IANS) US President Donald Trump will travel to France next week for the G7 Summit, carrying an ambitious agenda that spans trade, artificial intelligence, global supply chains, the conflicts in Ukraine and the Middle East, and efforts to reshape what his administration describes as an imbalanced international economic order.The White House said Trump will use the June 16-18 summit in Evian, France, to engage with leaders of the world’s major industrialised democracies and a …
New Delhi, June 13 (IANS) Balochistan is facing acute unemployment and economic insecurity and a new survey indicates that the province has emerged as Pakistan’s poorest region, with the poverty rate rising to 47 per cent.The ‘Pakistan Economic Survey 2025–26; finds that “nearly one in every two residents of the province is living below the poverty line, placing Balochistan well above the national average,” according to the report in Balochistan Post.The report says that Balochistan’…
Guwahati, June 12 (IANS) Assam is steadily emerging as a major logistics and cargo hub in the Northeast, with cargo handling at Guwahati Airport registering a significant 15.1 pc year-on-year growth during the financial year 2025-26, Chief Minister Himanta Biswa Sarma said on Friday. Highlighting the state’s growing role in regional trade and connectivity, Sarma, in a post on social media platform X, said Assam is rapidly positioning itself as a logistics powerhouse capable of supporting indus…
New Delhi, June 11 (IANS) The future utility of the Quad will not be defined by its transformation into an ‘Asian NATO’ or by rhetorical rivalry with Beijing. Instead, its relevance will depend on whether it can evolve into a flexible strategic mechanism capable of stabilising an increasingly fragmented maritime and economic order stretching from the Pacific to the Gulf, a report has stated.During the recent visit of US Secretary of State Marco Rubio to India, the consistent public response unde…
New Delhi, June 10 (IANS) India’s domestic trade and logistics activity continued to display resilience in May, with e-way bill generation under the Goods and Services Tax (GST) regime rising to 136.08 million, marking an increase of nearly 11 per cent from 122.65 million recorded in the same month last year.The latest figures also showed a sequential growth of 2.03 per cent from 133.72 million e-way bills generated in April. The May tally represents the fourth-highest monthly e-way bill generat…
New Delhi, June 10 (IANS) Ambassador of Ecuador to India, Fernando Xavier Bucheli Vargas, has said that Prime Minister Narendra Modi has emerged as an influential voice for the Global South, noting his ability to engage with both developing economies and the world’s leading powers. He added that India’s growing economic strength and demographic significance have amplified its voice on the global stage. Responding to a question on PM Modi becoming India’s longest-serving Prime Minister, Vargas to…
New Delhi, June 10 (IANS) Slovakia’s Ambassador to India, Robert Maxian, has called for strengthening defence cooperation between both countries, urged the defence industries of the two nations to explore further possibilities. In an interview with IANS, Maxian hailed India’s ‘Make In India’ initiative and stated that New Delhi has become self-sufficient in several sectors. He invited Indian companies to participate in the IDEB Exhibition set to be held in Slovakia.When asked about the role Slov…
Brussels, June 9 (IANS) The European Commission has proposed the 21st package of sanctions against Russia, targeting key sectors including energy, financial services and crypto, trade and, for the first time, fisheries, European Commission President Ursula von der Leyen said Tuesday.According to a statement released by the Commission, the proposed measures include suspending the automatic adjustment mechanism of the oil price cap until next January, which would allow oil markets to stabilise whi…