Trump tariffs to define global trade in 2025, India has fingers crossed
NEW DELHI : The liberal use of threats of tariffs by US President elect Donald Trump before his inauguration in January puts all forecasts of how world trade would shape up in the coming
Department of Commerce-Year End Review 2024
NEW DELHI : Following are the important achievements and milestones of the Department of Commerce in the year 2024: Free Trade Agreement (FTA) negotiations India and the European Free Trade Association (EFTA) signed the Trade and
Indian trade deficit narrows to $27.14 billion in Oct ; Commerce Secy calls WTO projections pessimistic
NEW DELHI : India’s merchandise trade deficit or the gap between import and exports narrowed to $27.14 billion in October, revealed the data released by the Ministry of Commerce and Industry on Thursday. The
Driving the Future of Customs: Insights from the 245th/246th Sessions of the PTC : WCO
BRUSSELS : The 245th/246th Sessions of the Permanent Technical Committee (PTC) were held from 23 to 25 October 2024, at the World Customs Organization (WCO) Headquarters in Brussels, Belgium. The meeting gathered over three
The Future of India’s Merchandise Exports is moving beyond service reliance
NEW DELHI : Merchandise exports grew only 1.02 per cent from $211.08 billion to $213.22 billion. Services exports did exceedingly well, rising 9.66 per cent from $164.14 billion to $180 billion. The World Trade
U.S. hikes tariffs on Chinese goods amid industry complaints
WASHINGTON : The U.S. on Friday finalized tariff hikes on certain Chinese-made products first announced in May amid industry complaints that these increases would disrupt supply chains and businesses. Many of the tariffs –
Imports from India drive Nepal’s high trade deficit, not WTO : Director-General
GENEVA : Nepal’s increased trade deficit since joining the WTO is not a direct result of its membership in the global trade organisation, but rather due to its significant imports from its “very large
Global trade helped reduce extreme poverty, inequality : WTO
GENEVA : A new World Trade Organisation (WTO) report has stated that global commerce has played a critical role in reducing extreme poverty from 40pc to 11pc. Global trade has created “shared prosperity” since