global trade

Washington, April 8 Foreign Secretary Vikram Misri launched the India-US Trade Facilitation Portal here on Wednesday as the two countries aim for a bilateral trade target of USD 500 billion.Misri, who is on a three-day visit to the US, launched the portal at a virtual event that was attended...

New Delhi, April 8 India welcomed a two-week ceasefire between the US and Iran on Wednesday and called for "de-escalation, dialogue, and diplomacy" to ensure lasting peace in West Asia.New Delhi also expected unimpeded freedom of navigation and global flow of commerce through the Strait of...

India has welcomed the ceasefire agreement reached between the United States and Iran.In a statement, the Ministry of External Affairs expressed hope that it will lead to lasting peace in West Asia and unimpeded freedom of navigation and global trade through the Strait of Hormuz.The Ministry...

United Nations, April 7 UN Secretary-General Antonio Guterres is “deeply concerned” about US President Donald Trump’s warning to Iran that a “whole civilization will die tonight,” while also appealing for the re-establishment of freedom of navigation in the Strait of Hormuz.“The...

Washington, April 7 – US Secretary of State Marco Rubio accused Iran of violating international law and destabilizing global trade on Tuesday by targeting commercial vessels in the Strait of Hormuz, warning that the situation has impacted the entire world.Speaking briefly to reporters ahead of...

London, April 7 The UK is organizing a virtual military planning conference on Tuesday to follow up on discussions held last week to address navigation concerns through the important global shipping route, the Strait of Hormuz.The UK’s Permanent Joint Headquarters at Northwood in northwest...

Washington, April 6 – US President Donald Trump's latest threat to strike Iranian civilian infrastructure has triggered a backlash at home, with legal experts warning that such actions could violate international law, as tensions with Tehran escalate over the Strait of Hormuz.Trump warned that...

April 04, New Delhi - The Pharmaceutical Export Promotion Council of India (PHARMEXCIL), under the Ministry of Commerce & Industry, hosted a key industry interaction on the pharmaceutical sector on Friday in Hyderabad, Telangana, as part of the ‘Chintan Shivir’ initiative.During the event...

April 03, New Delhi: A roundtable discussion on India-U.S. trade opportunities in the fashion and textile industry was organized at the Consulate General of India in New York in collaboration with The Canvas Global.Speaking at the event, Consul General Binaya Pradhan highlighted the vast...

Washington, April 2 – US President Donald Trump has stated that countries that rely on key global routes should take responsibility for securing them.He questioned why the United States should continue to police critical energy corridors such as the Strait of Hormuz.“Let China do it. Let...

New Delhi, April 1 The Confederation of Indian Industry (CII) on Wednesday welcomed the government's decision to extend the RoDTEP Scheme for all eligible export products until September 30, 2026, and the introduction of a one-time concessional framework for Domestic Tariff Area (DTA) sales by...

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...