Topic
trade relations
India's trade with West Asia gradually improving: Commerce Secretary Rajesh Agrawal
India's merchandise exports to West Asia recovered in May 2026, reaching nearly the same level as May 2025, according to Commerce Secretary Rajesh Agrawal. The improvement follows a severe decline in March and April due to the US-Iran conflict. Exports to UAE, Saudi Arabia, Jordan, Syria, and Yemen posted growth, while imports from Saudi Arabia and Oman surged.
India-US Energy Cooperation Aims for $500 Billion Trade by 2030
A report highlights the potential of India-US energy cooperation to achieve a $500 billion trade target by 2030. The partnership focuses on hydrocarbons and advanced technologies.
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.
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.
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.
Venezuela's Rodriguez to Boost Oil Trade with India
Venezuela's interim President Delcy Rodriguez is set to visit India to discuss increasing oil imports amid Middle Eastern supply issues. Talks will cover energy, trade, and investment.
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.
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.
Piyush Goyal urges Canada for dual degrees
Read the full story for in-depth analysis.
India, Canada Strengthen Trade Ties with New Forum
India and Canada have launched a new trade and investment forum aimed at enhancing bilateral trade relations. The forum seeks to foster commercial partnerships and increase business engagement between the two nations.
India-Russia Forge Strategic Trade Ties in Key Sectors
India and Russia are strengthening their economic cooperation by focusing on strategic sectors such as energy, trade, and critical minerals. This initiative aims to foster long-term industrial and economic development.