Topic
trade policy
Trade India's FTAs Poised to Catalyze $1 Trillion Export Goal: Report
A report by Yes Securities says India's new generation of Free Trade Agreements, combined with PLI schemes and China+1 diversification, can help achieve US$1 trillion in merchandise exports by 2030. The agreements mark a shift from protectionism to global integration, with electronics, pharmaceuticals, and engineering goods as key beneficiaries. Services exports are also expected to play a parallel role, targeting US$2 trillion total exports.
Commodities How US overtook Saudi and Russia to become world's top oil exporter
The United States has become the world's largest oil exporter, with crude and fuel shipments reaching about 10.5 million barrels per day in May, overtaking Saudi Arabia and Russia. The milestone marks a dramatic reversal from past dependence on imported oil, driven by the shale revolution, the lifting of a four-decade export ban in 2015, and recent geopolitical disruptions including the Strait of Hormuz crisis. European and Asian buyers are increasingly turning to US supplies, reshaping global trade flows and challenging OPEC's influence.
Trade India Protecting Industry from Unfair Trade Practices of Certain Countries: Piyu
Commerce and Industry Minister Piyush Goyal stated that India is protecting its domestic industry from unfair trade practices of certain countries, including overcapacity and dumping. He noted that the EU, US, and UK are also safeguarding their steel industries. Goyal added that the WTO is currently not very effective, necessitating bilateral actions, and highlighted India's recent FTAs and investment commitments.
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.
Trade Democrats Push for Reinstatement of China Port Tax
Democrats in Congress are advocating for the reinstatement of a port tax on Chinese ships, which was suspended in May. The tax, amounting to $3.2 billion annually, aims to protect the U.S. shipbuilding industry.
Trade China's Mineral Framework Sparks Importer Concerns
China's new mineral resource framework, effective June 15, 2026, raises concerns among Indian importers due to its potential impact on global supply chains. The policy, approved by Premier Li Qiang, aims to stabilize supply but may increase price volatility.
Trade Nepal Imposes Mango Import Restrictions on India
Nepal has restricted mango imports from India due to pesticide concerns and inadequate quarantine facilities. This move impacts local markets and could lead to shortages and price hikes.
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 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.
US Lists BYD, Alibaba for Alleged Military Ties
The US Department of Defense has added Chinese firms BYD and Alibaba to a list of companies with alleged ties to the Chinese military. The list, known as Section 1260H, includes over 80 firms and aims to alert American businesses to potential risks.
Trade Age Verification Tech Raises Concerns for Child Safety
A think tank warns that proposed age verification technologies could inadvertently increase risks to children, rather than protect them. The Foundation for Information Policy Research highlights potential privacy and security issues.
Trade AI's Maritime Impact: Promise and Challenges
Artificial intelligence is reshaping maritime trade, offering decision-support tools that enhance efficiency. However, challenges such as data quality and industry standardization remain. The EU's Open Source Strategy aims to bolster technological sovereignty.
Trade US Hospitality Sector Expands Amid World Cup Preparations
The US hospitality sector is experiencing a significant employment surge as the country prepares to co-host the 2026 FIFA World Cup. With 172,000 jobs added in May, primarily in leisure and hospitality, the industry is gearing up for increased demand. This growth comes despite economic challenges posed by geopolitical tensions.
Trade UP-NS Merger Faces Rigorous Review Amid Concerns
The Union Pacific and Norfolk Southern merger faces delays as the Surface Transportation Board demands more data. The review process, set to begin after July 27, 2026, aims to ensure competitive fairness and public benefit.
Trade AI Strategy Confusion: Impact on Supply Chains and Logistics
Unclear AI strategies are causing confusion and inefficiencies in supply chains and logistics. Companies like Accenture and KPMG are pushing AI adoption without clear objectives, leading to wasted investments and missed ROI. Experts highlight the need for targeted AI deployment to achieve meaningful business outcomes.
Trade Nepal Seeks Diplomatic Resolution to India Boundary Dispute
Nepal's Foreign Minister Shishir Khanal emphasizes diplomacy to resolve boundary disputes with India. His visit to New Delhi aims to strengthen bilateral trade ties.
Trade India, Indonesia Strengthen Trade Ties Amid Strategic Talks
India and Indonesia are enhancing their bilateral trade and defense cooperation following the 8th Joint Commission Meeting. Key discussions included maritime trade, investments, and security, building on the Comprehensive Strategic Partnership established in 2018.
Trade Brands Race for Endorsements with IPL Star Sooryavanshi
Vaibhav Sooryavanshi, a rising IPL star, is attracting significant brand endorsements following his standout performance. With endorsement deals reaching over ₹1 crore, brands are eager to capitalize on his growing popularity.
Trade India to Review FTAs, Revamp Investment Screening: Report
A new report recommends India conduct a comprehensive audit of its Free Trade Agreements (FTAs) and overhaul its investment screening process. The report highlights the need for sector-specific strategies and improved market access.
Trade India, UK Strengthen Economic Ties with CETA
India and the UK are advancing their economic ties through the Comprehensive Economic and Trade Agreement (CETA) signed in July 2025. This agreement aims to enhance bilateral trade and investment, with India's trade with strategic FTA partners growing by 92% between FY21 and FY25.
Trade US Imposes New Tariffs Over Forced Labour Concerns
The US has announced new tariffs ranging from 10% to 12.5% on imports from 60 countries due to forced labour concerns. The tariffs, not yet enforced, aim to address unfair competition for American workers.
Trade India Eyes Economic Resilience Amid Global Trade Challenges
Prime Minister Narendra Modi chaired a meeting with the Economic Advisory Council to discuss strategies for bolstering India's economic growth amid global uncertainties. Key discussions included trade reforms and measures to attract foreign investment.
Trade Last-Mile Delivery Trends: Impact of Smaller Snack Packs in India
The shift towards smaller snack packs in India is impacting last-mile delivery logistics, with increased demand for smaller, more frequent shipments. This trend is driven by rising consumer prices and geopolitical tensions affecting raw material costs.
Trade ArcBest Boosts Q2 Outlook Amid LTL and Asset-Light Growth
ArcBest has raised its second-quarter outlook for its less-than-truckload (LTL) and asset-light units, citing improved pricing strategies and fuel surcharge impacts. The company anticipates a significant improvement in operating ratios and revenue metrics.
Trade India's Strategic Measures to Insulate Economy Amid Global Tensions
India's government is set to implement strategic measures to insulate its economy from global conflicts, focusing on stabilizing currency and ensuring supply chain continuity. The measures aim to address challenges from the West Asia conflict and rising oil prices.
Trade India's 'Reform Express' Aims to Boost Trade Amid Global Hurdles
India's Finance Minister Nirmala Sitharaman announced decisive policy measures to sustain economic momentum despite global challenges. The government aims to attract foreign investment by exempting foreign investors from income tax on government securities.
Trade WTO Reports Slowdown in Global Goods Trade Growth
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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's Seed Sovereignty: A Strategic Shift
India's strategic focus on seed sovereignty has led to over 10,500 plant variety registrations under the Protection of Plant Varieties and Farmers’ Rights Act, 2001. This move aligns with global debates on genetic resources and digital sequence information.
Trade 'US trying to pressure India… but it will resist such effort
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Trade Blue Economy Drives India's Viksit Bharat 2047 Vision
Experts emphasize the Blue Economy's role in India's Viksit Bharat 2047 vision, highlighting ocean-based sectors' potential for economic growth. Key partnerships and research initiatives are underway to support this sustainable development strategy.
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 SBI, Apple India Executives Join India's Board of Trade
SBI Chairman C S Setty and Apple India MD are among 29 new members appointed to India's Board of Trade. The board aims to enhance export strategies and performance.
Trade US Proposes New Tariffs on India Amid Trade Talks
The US Trade Representative has proposed new tariffs on India under Section 301, citing unfair trade practices. This move comes during ongoing trade negotiations between the US and India.
Trade India Eyes Foreign Investment Amid US-Iran Conflict
India is set to remove capital gains tax on foreign portfolio investors' government securities to attract foreign investment amid the US-Iran conflict. The move aims to stabilize the economy and counteract foreign capital outflows.
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 India Approves Rs 39,290 Crore Infrastructure Package
India's Union Cabinet has approved a Rs 39,290 crore package to enhance aviation, highway infrastructure, and transport modernization. Key projects include a Rs 10,000 crore ATF Price Stabilisation Fund and a Rs 8,301 crore coastal highway project.
Trade US Envoy Meets Piyush Goyal for Trade Deal Talks
US envoy Sergio Gor is set to meet India's Commerce Minister Piyush Goyal to finalize a bilateral trade agreement. The deal, which is 99% complete, aims to enhance market access and strengthen economic ties between the US and India.
Trade Govt to replace WPI with PPI system
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Trade Silver imports via authorised channels only
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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 US Reduces Tariffs on Agri Machines, Keeps Metal Levies
The US has announced a reduction in tariffs on agricultural machines while maintaining a 50% levy on metal imports. This decision, effective until December 31, 2027, aims to alleviate costs for American farmers and manufacturers.
Trade India Requires Prior Authorisation for Silver Imports
India has introduced a new policy requiring prior authorisation for silver imports, effective immediately. This move aims to regulate the inflow of silver from key trading partners like the UAE, Britain, and China.
Trade EU Pledges No Double Carbon Charges for Shipowners
The European Union has assured shipowners they will not face double carbon charges under both EU and IMO regulations. This commitment was made by Apostolos Tzitzikostas, European commissioner for sustainable transport, at Posidonia 2026.
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 Trump Alters Tariffs to Boost US Metal Industry
President Trump has revised tariffs on copper, aluminum, and iron imports to stimulate the US manufacturing sector. The changes, effective until December 31, 2027, aim to encourage investment in the nation's industrial base.
Trade India Reconsiders Scotch Tariff in UK Trade Deal
India is reviewing tariff concessions on Scotch whisky in its trade deal with the UK due to unresolved issues over steel quotas and duties. The trade agreement, initially set for May, has been postponed indefinitely as negotiations continue.
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 Indian Cotton Prices Drop as Import Duty Suspended
India suspends import duty on cotton from June 1 to October 31, easing domestic prices and benefiting the textile industry. The Cotton Corporation of India adjusts prices amid increased import options.
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.
Finance HDFC Ergo Tightens Motor Insurance Amid Claims Inflation
HDFC Ergo has increased provisions and cut costs in its motor third-party insurance segment to address claims inflation. CEO Parthanil Ghosh highlights strategic adjustments to maintain profitability.
Trade US Oil Reserves Depleted Amid Middle East Conflict
The US Strategic Petroleum Reserve has been significantly depleted as the Trump administration releases 50 million barrels to counteract supply disruptions from the Iran conflict. This marks a stark contrast to Trump's previous criticism of Biden's reserve usage.
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.
Trade Australia and India Strengthen Trade Ties at Quad FMM
Australian Foreign Minister Penny Wong visits India for the Quad Foreign Ministers' Meeting, focusing on enhancing trade and strategic partnerships. The dialogue aims to strengthen cooperation in critical sectors such as maritime security and energy transition.
Trade India, Canada to skip sensitive sectors in trade talks
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Trade India Targets Import Reduction with Localisation Strategy
India's Department for Promotion of Industry and Internal Trade (DPIIT) is analyzing data on the 500 most-imported items to reduce the country's import bill. The initiative aims to enhance domestic manufacturing capabilities and supply resilience.
Trade India-US Trade Talks Resume June 1 to Finalize Interim Pact
India and the United States will resume trade talks on June 1 in New Delhi, focusing on finalizing an interim trade agreement. Key issues include tariff reductions and market access, with significant changes in the US tariff regime influencing discussions.