Topic
international trade
Trade Kazakhstan Eyes Stronger Trade Ties with West Bengal Across Multiple Sectors
Kazakhstan is looking to expand trade and investment ties with India's West Bengal state, according to a report. At an interactive session organized by the Merchants' Chamber of Commerce & Industry (MCCI), Kazakh representative Azamat highlighted sectors such as pharmaceuticals, mining, energy, and manufacturing for cooperation. Trade between the two countries remains below potential despite Kazakhstan's abundant resources.
Logistics Italian Police Seize $290 Million in Cocaine Hidden in Ecuador Banana Shipment at Port of Vado Ligure
Italian authorities seized nearly 1,700 pounds of cocaine hidden in a refrigerated shipping container carrying bananas at the Port of Vado Ligure. The container originated in Ecuador. The cocaine had an estimated street value of €250 million ($290 million). This bust is among the largest recent cocaine seizures at the port and highlights the use of legitimate refrigerated produce shipments for drug trafficking.
Trade Canadian PM Mark Carney Rules Out Retaliatory Tariffs Before August 19 Deadline
Canadian Prime Minister Mark Carney stated that Canada will not impose retaliatory tariffs before the August 19 deadline set by US President Donald Trump's proposed 50% tariffs. He described advance retaliation as 'counterproductive' and emphasized ongoing negotiations. The tariffs target a broad range of Canadian exports, with an estimated impact of C$28 billion annually.
Regulations & Compliance India Joins WTO Fisheries Subsidies Agreement to Support Sustainable Fishing
On July 20, 2026, India formally joined the WTO Agreement on Fisheries Subsidies (AFS), prohibiting government support for illegal, unreported, and unregulated fishing and overfished stocks. The agreement, effective since September 15, 2025, is the first multilateral WTO pact with an environmental sustainability objective, protecting small-scale fishers and disciplining subsidies for large industrial fleets.
Trade Alibaba Sues US Government Over Pentagon Defense Blacklist Allegations
E-commerce giant Alibaba has sued the US government over its inclusion on a Pentagon blacklist that labels the company a 'military-civil fusion contributor' to China's defence industrial base. The lawsuit, filed in California federal court, challenges the designation as baseless and warns of severe business restrictions starting 30 June, including a ban on Pentagon contracts and indirect pressure on US advisers to sever ties.
Trade Indian Consumer Giants Boost Africa Investments as Beverages and Hair Care Drive Growth
Indian consumer goods companies are significantly increasing investments in Africa, shifting from market entry to large-scale operations. Beverages, hair care, and personal care sectors are driving robust growth, with companies like Dabur, Marico, GCPL, and Varun Beverages reporting strong earnings. Executives cite young demographics, urbanisation, and underpenetrated markets as long-term growth drivers.
Trade India-Israel Bilateral Investment Pact Takes Effect from 4 July 2026
The Bilateral Investment Agreement between India and Israel, signed on 8 September 2025 in New Delhi, came into force on 4 July 2026. The pact aims to protect investments while preserving policy space for public objectives, and is expected to boost cross-border investment. Separately, India's Piyush Goyal announced plans to negotiate a trade pact.
Trade India-US Trade Deal Will Unleash Animal Spirits, Says Surjit Bhalla; Warns Delay Benefits China
Economist Surjit Bhalla argues that a comprehensive India-US trade deal will unleash 'animal spirits' and accelerate India's development. He warns that prolonged delays benefit China and attributes the lack of progress to entrenched interests in India's policymaking establishment.
Regulations & Compliance Rethinking Agricultural Trade: WTO Must Recognise Farmer Health Capital to Correct Distortions
The article argues that conventional WTO trade theory ignores farmer health depreciation, creating artificial export advantages. It proposes recognising Farmer Health Capital (FHC) and reclassifying public health investments under the WTO Green Box to correct market distortions.
Trade Finance US Dollar's Dominance in Global Trade Examined in BBC Podcast on Currency Power
The BBC podcast 'Rethink' investigates the US dollar's central role in global trade, from Bretton Woods to the Nixon shock, and discusses challenges from China and digital currencies. Trade finance professionals should note implications for sanctions and FX risk.
Trade Government Seeks Comparative Advantage in US Trade Deal, Reports Business-Today
According to a report by Business-Today, the Indian government is seeking to leverage comparative advantage in its ongoing trade deal negotiations with the United States. No further details were provided in the source article.
Trade India-UK FTA Sparks Partnership Rush Among Boutique Law Firms
The India-UK free trade agreement, effective July 15, 2026, is prompting a surge in partnerships among boutique law firms. Mumbai-based Solicis Lex has inked a formal partnership with London’s Child & Child, and more tie-ups are expected. The FTA is expected to boost demand for legal services in real estate, immigration, M&A, and tax structuring, particularly for cost-sensitive high-net-worth individuals and SMEs.
Logistics Four fertiliser ships clear Strait of Hormuz; head to Indian ports
Four cargo vessels carrying urea, DAP and sulphur have successfully navigated the Strait of Hormuz amid West Asia tensions and are heading to Indian ports (Krishnapatnam, Kakinada, Paradeep, Mundra). The Ministry of Chemicals and Fertilisers reported that cumulative fertiliser stocks as of June 22 stood at 196.08 lakh tonne, up from 168.67 lakh tonne a year ago, with domestic production reaching 133.12 lakh tonne and imports at 43.69 lakh tonne since March 1.
Trade India-UK Free Trade Agreement to Take Effect from July 15, 2026
The India-UK free trade agreement and social security deal will be operational from July 15, 2026, after talks between PM Modi and PM Starmer in Evian. The deal eliminates tariffs on 99% of Indian exports, resolves steel tariff issues via quotas, and includes duty cuts on Scotch whisky (150% to 40%), automobiles (100% to 10%), and cosmetics (22% to 0%).
Trade India-EU free trade deal to be inked by year-end: Ursula von der Leyen
European Commission President Ursula von der Leyen announced that the India-EU Free Trade Agreement will be signed by the end of the year, with accelerated work on an investment agreement. The announcement was made at the G7 summit in Evian-les-Bains, France, in a meeting also attended by European Council President Antonio Costa. The deal, described as the 'mother of all trade deals,' is expected to significantly boost bilateral trade and investment.
Trade UK-India free trade deal to kick in on July 15, cutting tariffs by over $480 mn in year one
The UK-India free trade agreement will enter into force on July 15, 2026, as announced by the UK's Department for Business and Trade. India will cut tariffs on 90% of product lines for UK exports, reducing duties on UK exports by up to Rs 3,400 crore (over $480 million) in the first year. The deal is projected to boost UK GDP by £4.8 billion annually and increase bilateral trade by £25.5 billion.
Trade India-EFTA Trade Pact Implementation on Agenda as Piyush Goyal Heads to Switzerland
Commerce and Industry Minister Piyush Goyal will visit Berne, Switzerland on June 12 to discuss implementation issues of the India-EFTA Trade and Economic Partnership Agreement (TEPA), which took effect in October 2025. EFTA members have committed to invest $100 billion in India over 15 years and create 1 million direct jobs. The visit comes as India pursues a broader strategy of free trade agreements with developed economies to support its $30 trillion economic vision by 2047.
Trade India Seeks Tariff Parity for Drug Exports to US
India is negotiating with the US for tariff parity on patented drug exports, challenging a 100% duty imposed in April. The tariffs could impact India's CRDMO sector, which is growing rapidly.
Trade Splash Wrap: Trading Missiles and Maritime Milestones
This week's Splash Wrap covers the escalating Hormuz shipping crisis, with tanker strikes off Oman and a missile warhead extracted by the Indian Navy. Also featured: delivery of the world's first dual-fuel ammonia engine vessel and insights from the Container Port Performance Index.
Trade BIMCO Develops Clause for Russia-Linked Tanker Sale Restrictions
BIMCO is drafting a standard clause for tanker sale agreements in response to EU sanctions targeting Russian involvement. The clause aims to ensure compliance with new obligations on EU sellers.
Regulations & Compliance India Extends Anti-Dumping Duty on Aluminium Foil Imports
The Indian government has extended the anti-dumping duty on aluminium foil imports from China and three other nations until December 15, 2026. This decision follows requests from companies like Hindalco Industries and SRF Altech.
Trade Assam's Tezpur Litchi Makes Debut in Dubai Market
Assam's GI-tagged Tezpur Litchi has been exported to Dubai for the first time. The shipment, comprising one metric tonne, highlights the growing international demand for India's premium agricultural products.
Trade Clarkson's Farm Season 5: Richard Ham's Fate and a Top Gear Twist
Clarkson's Farm season 5 episode 5 reveals the fate of the beloved pig Richard Ham, confirming he remains at Diddly Squat Farm. Jeremy Clarkson introduces a new pig, James Boar, adding a Top Gear-themed twist.
Regulations & Compliance Commerce Ministry Escalates Anti-Dumping Duty Rejection Issue
The Commerce Ministry has raised concerns at the highest level regarding the Finance Ministry's increasing rejection of anti-dumping duty recommendations by the Directorate General of Trade Remedies (DGTR). The rejection rate has surged to 81% from November 2025 to April 2026, impacting domestic industries.
Trade India Supports OMCs Amid Rising Crude Prices
The Indian government has allocated ₹1.23 lakh crore to Oil Marketing Companies (OMCs) to mitigate the impact of rising crude oil prices. This support includes an excise duty cut and is aimed at easing consumer burden during the West Asia conflict.
Trade India-Oman Trade Pact Boosts Export Opportunities
The India-Oman Comprehensive Economic Partnership Agreement (CEPA), effective June 1, 2026, significantly enhances export opportunities for India's labour-intensive sectors by securing duty-free access across 98.08% of Oman's tariff lines. This agreement supports India's energy security and supply-chain resilience.
Trade India Ships GI-Tagged Tezpur Litchi to Dubai
India has exported one tonne of GI-tagged Tezpur Litchi from Assam to Dubai, enhancing its international market presence. The Commerce Ministry highlights this as a step forward for premium agricultural exports.
Trade EU Unveils Strategy to Reduce US and Chinese Tech Dependence
The European Commission has introduced a Tech Sovereignty Package to decrease reliance on US and Chinese technology. This includes the EU Chips Act 2.0, Cloud and AI Development Act, and Open Source Software Strategy. CISPE expresses concerns over potential loopholes.
Trade India's Trade Strategy Faces Six Major Challenges
India's trade agreements face significant challenges, including rising trade deficits and underutilization of FTA benefits. The Global Trade Research Initiative highlights tariff asymmetries and manufacturing shifts as key issues.
Supply Chain Geopolitical Tensions Drive Supply Chain Diversification
Geopolitical tensions are prompting companies to diversify their supply chains, moving away from single-source dependencies. This shift is reshaping global trade dynamics, with countries like India emerging as key players. Companies are adopting strategies like nearshoring and friendshoring to mitigate risks.
Trade South America Expands Trade Ties with India
South America, led by Argentina, is intensifying trade relations with India, emphasizing economic complementarity. Argentina is a major provider of edible oils to India, while India exports pharmaceuticals and machinery.
Trade India-US Trade Deal Talks Include Proposed 12.5% Tariff
The India-US trade negotiations, described as '75 years overdue' by USIBC's Atul Keshap, include a proposed 12.5% tariff on Indian goods. Talks aim to boost bilateral trade to $500 billion.
Trade India Aims for $30 Billion Seafood Export by 2031
India's Commerce Minister Piyush Goyal announced a target to increase seafood exports to $30 billion by 2031, emphasizing value addition and quality. The strategy includes leveraging free trade agreements and reducing raw shrimp imports.
Trade India, US Near Completion of Trade Deal Talks
India and the US are nearing the completion of a bilateral trade agreement, with only minor details remaining. The deal aims to strengthen economic ties and address tariff issues.
Trade India-US Trade Deal Phase One Imminent, Says Goyal
India and the US are set to finalize the first phase of their trade deal by mid-next month, according to Commerce Minister Piyush Goyal. The agreement aims to provide India with preferential access over competitors.
Trade WTO Reports Slowdown in Global Goods Trade Growth
Read the full story for in-depth analysis.
Trade India to Implement 6–7 FTAs in 2027, Boosting Trade
India is set to implement 6–7 Free Trade Agreements (FTAs) in 2027, as announced by Commerce Minister Piyush Goyal. These agreements aim to strengthen India's trade relationships and economic growth.
Trade India to Finalize 2-3 FTAs in Six Months, Says Piyush Goyal
India's Commerce Minister Piyush Goyal announced plans to implement 2-3 new free trade agreements (FTAs) within the next six months. This move is part of India's broader strategy to enhance international trade relations.
Trade Indian Exporters Monitor USTR Probe Amid Trade Talks
Indian exporters are closely monitoring the US Trade Representative's investigations and bilateral trade talks, which could impact tariffs and trade dynamics. Concerns rise over proposed tariffs on China, while Indian sectors emphasize compliance with labor standards.
Trade U.S. Imposes Tariffs on 60 Nations for Forced Labor Failures
The United States has announced new tariffs up to 12.5% on 60 countries failing to curb forced labor in export goods. This move aims to protect U.S. businesses from unfair competition.
Trade India-US Trade Deal Nears Completion, Final Details Pending
India and the US are on the brink of finalizing a trade agreement, with only 1% of the terms left to negotiate. US envoy Sergio Gor expressed optimism for completion within weeks.
Trade US Targets 60 Nations Over Forced Labour, India Included
The US Trade Representative proposes additional tariffs on 60 countries, including India, due to forced labour concerns. The proposal, under Section 301 of the US Trade Act of 1974, suggests tariffs of 10% to 12.5% on imports.
Trade India, UK Aim to Finalize Trade Deal Amid Steel Quota Talks
India and the UK are working to finalize a bilateral trade agreement, focusing on resolving issues related to steel quotas and duties. The agreement aims to lower tariffs and enhance business access.
Trade India, UK Address Trade Pact Hurdles Amid CETA Delays
India and the UK are addressing hurdles in their trade pact as CETA implementation faces delays. Key issues include the UK's steel safeguard and carbon border adjustment mechanism, affecting India's exports.
Trade US Pressures India on Russian Oil Imports Again
The US, led by Secretary of State Marco Rubio, is renewing pressure on India to halt Russian oil imports, citing geopolitical concerns. This move revives tensions in US-India trade relations, with India emphasizing its energy autonomy.
Trade U.S. Proposes 25% Tariff on Brazil Amid Trade Tensions
The U.S. Trade Representative has proposed a 25% tariff on Brazilian goods, excluding key items, following an investigation into Brazil's trade practices. This move aims to address unfair practices and replace a previously invalidated 50% tariff.
Trade India-Oman CEPA Boosts Bilateral Trade
The India-Oman Comprehensive Economic Partnership Agreement (CEPA) has commenced, enhancing trade relations between the two countries. The agreement provides preferential access for Indian exports, including textiles and marine products, to the Omani market.
Trade Oman-India FTA Benefits Begin Today, Boosting Trade
The Oman-India Comprehensive Economic Partnership Agreement (CEPA) takes effect today, offering duty concessions on 77.8% of India's tariff lines. This agreement covers 94.8% of India's imports from Oman by value, enhancing bilateral trade.
Trade India-UK Trade Pact Delayed Over Steel, Carbon Tax Issues
The India-UK trade agreement faces delays as unresolved issues over steel import curbs and a proposed carbon tax persist. The UK plans to reduce steel import quotas by 60% from July 2026, while a carbon tax could impact $775 million of Indian exports.
Logistics Hazardous Cargo Liability Treaty to Launch in 2027
The International Maritime Organization (IMO) has confirmed the 2027 launch of a global liability treaty for hazardous cargo. This treaty will provide compensation and legal certainty for incidents involving hazardous substances at sea.
Trade India, Canada to skip sensitive sectors in trade talks
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Trade India Targets Myanmar Rare Earths Amid Diplomatic Visit
India is exploring rare earth imports from Myanmar during President Min Aung Hlaing's visit. Bilateral trade has grown 23% to $2.15 billion in FY25, with pulses dominating Myanmar's exports.
Trade India-EAEU Trade Talks Progress with Interim Deal Focus
India and the Eurasian Economic Union (EAEU) are advancing discussions on a temporary trade arrangement for select goods. The talks, described as complex, aim to establish a limited free trade zone.
Trade India-Oman Trade Pact Effective June 1: Key Details
The India-Oman trade pact, effective June 1, 2026, provides 100% duty-free access for Indian exports to Oman, covering 98.08% of Oman's tariff lines. This agreement aims to enhance bilateral trade, which reached USD 11.18 billion in 2025-26.
Trade India, Canada Forge New Trade and Investment Forum
India and Canada have launched the Canada-India Trade and Investment Forum to enhance bilateral economic relations. The forum aims to foster commercial partnerships and expand cooperation in key sectors.
Trade India-Canada CEPA: Piyush Goyal Sees New Trade Opportunities
Union Commerce and Industry Minister Piyush Goyal emphasized the potential of the India-Canada Comprehensive Economic Partnership Agreement (CEPA) to enhance bilateral trade. Speaking in Toronto, Goyal noted the trust between the two democracies as a catalyst for new trade and investment opportunities.
Trade India, Canada to Finalize CEPA by Year-End, Boost Trade
India and Canada are set to conclude the Comprehensive Economic Partnership Agreement (CEPA) by the end of 2023, aiming to triple bilateral trade by 2030. This development was announced by India's Commerce Minister Piyush Goyal during his visit to Canada.
Trade Global temperatures to stay near record highs: WMO
Read the full story for in-depth analysis.
Trade India-US Trade Talks to Begin June 1 in New Delhi
India and the US will engage in four-day trade talks starting June 1 in New Delhi. Led by Brendan Lynch and Darpan Jain, the discussions aim to finalize an interim trade agreement and address tariffs and market access.
Trade Canada, India Officials Optimistic on Trade Pact Progress
Officials from Canada and India express optimism about finalizing the Comprehensive Economic Partnership Agreement (CEPA) by the end of the year. Recent discussions at the Western Canada-India Leaders Summit in Regina highlighted potential trade benefits, particularly in agricultural commodities.