New Delhi, Feb 11 (IANS) South Africa’s High Commissioner to India Prof. Anil Sooklal said on Wednesday that the proposed SACU (Southern African Customs Union)–India Free Trade Agreement would significantly boost trade and investment flows between the two regions. In an exclusive interview with IANS, the High Commissioner said that this would be the first free trade agreement between India and a regional bloc in Africa. The SACU consists of five member countries – Botswana, Eswatini, Lesotho…
Latest WTO News & Updates
New Delhi, Jan 29 (IANS) India’s steady rise as a key player in global trade is evident in its increasing share of both global merchandise exports and commercial services exports, said the Economic Survey 2025-26 released on Thursday.According to the WTO’s World Trade Statistics, between 2005 and 2024, India’s share of global merchandise exports has nearly doubled, rising from 1 per cent to 1.8 per cent.Similarly, its share in global commercial services exports has more than doubled, risin…
New Delhi, Jan 23 (IANS) The European Union’s broader suspension of the Generalised Scheme of Preferences (GSP) will impact only 2.66 per cent of India’s exports to the EU, the Commerce Ministry said on Friday.In 2023, EU imports from India amounted to approximately 62.2 billion euros. Of this, only 12.9 billion euros were eligible under the EU’s Standard GSP framework. India has graduated from 12 major product categories. As per the new regulation, 1.66 billion euros of trade is expected to…
New Delhi, Jan 23 (IANS) The India-Japan Foreign Ministers’ dialogue in New Delhi this month reflects the strengthening of the “Special Strategic and Global Partnership” between two Indo-Pacific heavyweights navigating geopolitical flux.External Affairs Minister S. Jaishankar and his Japanese counterpart, Toshimitsu Motegi, reaffirmed the ‘Japan-India Joint Vision for the Next Decade’ unveiled during Prime Minister Narendra Modi’s August 2025 visit to Japan.This timely parley coincides w…
New Delhi, Dec 22 (IANS) New Zealand and India have concluded a Free Trade Agreement (FTA), offering New Zealanders unprecedented access to 1.4 billion Indian consumers, Trade and Investment Minister Todd McClay announced on Monday.This historic FTA eliminates and reduces tariffs on 95 per cent of New Zealand’s exports — among the highest of any Indian FTA — with almost 57 per cent being duty-free from day one, increasing to 82 per cent when fully implemented, with the re…