Mumbai – The US has surpassed China to become India’s largest trading partner. It was an eye-opener for China, which came after the 2022-23 trade year details were revealed. China’s Consul General Kong Xianhua admitted that there was a huge gap in bilateral trade with India, and compared to China’s exports to India, India’s exports […]
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New Delhi – Russia has a balanced trade of about $200 billion with China and is keen to increase its bilateral trade with India by proposing and negotiating a free trade agreement through Eurasian Economic Commission, said the Deputy Prime Minister of Russia, Denis Manturov who is currently on his visit to India. He also […]
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Washington: The World Trade Organization (WTO) must now be more progressive. If a country has something different to say, the WTO should listen to it. Union Finance Minister Nirmala Sitharaman indirectly drew attention to the discrimination in the WTO by saying that these countries are not just sitting and listening. India has repeatedly said that […]
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Beijing: The Foreign Minister of Saudi Arabia, Prince Faisal bin Farhan Al Saud and Foreign Minister of Iran, Hossein Amir Abdollahian, met in China to discuss normalizing relations between the two countries and start trade and embassy services. There are reports that the President of Iran, Ebrahim Raisi, is expected to visit Saudi Arabia soon. […]
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New Delhi: At a time when the world is in the shadow of an economic slowdown, India’s trade with other countries in the fiscal year ended March 2023 seems to have touched $1.6 trillion, according to a Global Trade Research Initiative (GTRI) report. GTRI pointed out that the total trade with other countries is 48 […]
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New Delhi – The government has instructed Indian traders and banks to avoid using the Chinese Yuan while doing business with other countries. Claims are being made that the government gave this instruction and the Reserve Bank of India as relations between India and China are strained. The news about this has been published by […]
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New Delhi: Sri Lanka has agreed to set aside US dollars and trade in Rupee with India. Apart from Sri Lanka, other countries like Russia, Mauritius, Myanmar, Malaysia, Singapore, Israel, and Germany are also willing to trade in Rupee. More than 50 countries have opened Special Rupee Vostro Account-SRBA for transactions. This clearly indicates that […]
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New Delhi: Indian External Affairs Minister S. Jaishankar believes India’s free trade agreement with the European Union will be a ‘game changer’. External Affairs Minister Jaishankar said that due to this free trade agreement, India and the European Union could greatly assist each other on the front of advanced technology and supply chains while maintaining […]
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Pune: Union Commerce Minister Piyush Goyal claimed countries that were not very serious about talks on the free trade agreements (FTA) with India in the past had changed now. He further claimed that after realising that India was a reliable partner country, these countries have been giving a lot of importance to talks on trade […]
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New Delhi: Tension has arisen between India and China over the LAC from Ladakh to Tawang in Arunachal Pradesh. Surprisingly, this tension has not affected the trade between India and China. The annual bilateral trade between India and China has crossed $135 billion. At the same time, India’s trade deficit has exceeded $100 billion. These […]
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