global trade

Chandigarh, March 28 – As global tensions escalate in Gulf countries and disruptions in key maritime routes trigger uncertainty across markets, Punjab Chief Minister Bhagwant Mann on Saturday called on the Centre to act decisively, urging Prime Minister Narendra Modi to take responsibility and...

New Delhi, March 28 Commerce and Industry Minister Piyush Goyal said on Saturday that consensus-based decision-making, most favoured nation (MFN) rule-based trade, and special and differential treatment in the WTO are key to ensuring balance in global trade.He also emphasised the need to...

Union Minister of Commerce and Industry, Piyush Goyal, has stated that discussions at the World Trade Organization (WTO) must address the imbalance created during the Uruguay Round. He emphasized that all member countries should have a fair opportunity to build productive capacity, create jobs...

New Delhi, March 27 – The United States Embassy in India highlighted remarks by US President Donald Trump on Friday, praising Prime Minister Narendra Modi as a leader who "gets things done," while expressing confidence that the relationship between the two countries will strengthen in the coming...

Secretary of the Ministry of Commerce and Industry, Rajesh Agrawal, held a meeting in Cameroon today with members of the European Parliament delegation, led by Bernd Lange, Chair of the European Parliament's Committee on International Trade, on the sidelines of the WTO Ministerial Conference...

March 26, New Delhi: Iran's Foreign Minister Abbas Araghchi stated that his country has permitted the passage of vessels from friendly nations, including India, through the Strait of Hormuz.This move comes after UN Secretary-General António Guterres urged the reopening of the waterway, warning...

March 24, New Delhi – The European Union and Australia signed a Free Trade Agreement and a Security and Defence Partnership on Tuesday, concluding years of negotiations.EU Chief Ursula von der Leyen and Australian Prime Minister Anthony Albanese finalized the long-awaited trade deal, aiming to...

Mumbai, March 19 Global shipping giant Hapag-Lloyd is in discussions with its partners to cover some of the additional costs, which have increased by USD 40-50 million per week amid the ongoing situation in the Middle East and disruptions in cargo movement, its CEO Rolf Habben Jensen has said...

New Delhi, March 19 India will push for further strengthening of the WTO at the upcoming ministerial meeting in Cameroon so that it can play an important role in promoting global trade at a time when the world is witnessing turmoil due to various geopolitical factors, officials said on Thursday...

New Delhi, March 19 India has the potential to significantly increase its exports of sports equipment to USD 8.1 billion and generate around 5.4 million additional jobs by 2036, according to a report released by Niti Aayog on Thursday.The report focuses on increasing India's share in global...

Washington, March 16 – US President Donald Trump said on Monday that American forces had dealt a devastating blow to Iran’s military capabilities and called on major global economies to help safeguard the Strait of Hormuz, a vital energy route through which much of the world’s oil flows...

New Delhi, March 16: India's ready-made garment export sector has shown resilience, recording positive growth during the first 11 months of the current financial year despite uncertainties in the global market.Reacting to the garment export data released on Monday, Apparel Exports Promotion...

Washington, March 14 Amid rising tensions with Iran and concerns over the safety of maritime traffic, US President Donald Trump said on Saturday that multiple countries could join the United States in deploying warships to the Strait of Hormuz, a vital global shipping route.In a statement...

The government stated today that the country's services exports continue to show strong growth, with exports reaching over $348 billion during the current financial year (FY), from April to January. Services exports accounted for 10% of the country's GDP in the first half of FY26, highlighting...

Washington, March 12 – The United States has launched a trade investigation into excess manufacturing capacity across 16 economies. The list includes major exporters such as China and the European Union, as well as manufacturing hubs in Asia and emerging economies such as India, Bangladesh, and...

United Nations, March 11 The United Nations has warned of significant risks to global trade and development, including higher food prices and the cost of living, if the Strait of Hormuz is closed amid the West Asia conflict.The UN Conference on Trade and Development (UNCTAD) said in a report...

Chennai, March 10 TVS Supply Chain Solutions Ltd has set up a warehousing facility near here to assist Caterpillar India Pvt Ltd in procuring parts from multiple countries and supporting its manufacturing operations, a top official said on Tuesday.The facility, spread across 40,000 sq ft, is...

Washington, March 8 – US Energy Secretary Chris Wright said on Sunday that the US had asked India to purchase Russian oil cargoes that were waiting to be unloaded at Chinese refineries as a way to stabilize global energy markets during the ongoing conflict with Iran.In an interview with CNN...

New Delhi, March 6 The Swadeshi Jagran Manch will deliberate on a range of issues, including the "policy choices" available to the country amid the prevailing global scenarios, at its two-day national council meeting starting in Jaipur on March 7.At the meeting, the Rashtriya Swayamsevak Sangh...

Moscow, March 4 The ongoing war in West Asia may increase India's demand for Russian crude oil, potentially reaching levels of 1.5 million barrels per day, peaking in 2024-2025, according to a leading expert on global oil trade.On Tuesday, Deputy Prime Minister Alexander Novak told state TV...