international trade

March 27, New Delhi - Union Minister for Petroleum and Natural Gas, Hardeep Singh Puri, stated that international crude prices have surged sharply in the past month, leading to a global rise in petrol and diesel prices.The Minister noted that while fuel prices have increased significantly...

March 27, New Delhi – Union Minister of Commerce and Industry, Piyush Goyal, is in Cameroon, where he is participating in the 14th Ministerial Conference of the World Trade Organization.During his initial engagement, the Union Minister emphasized that discussions on WTO reform should follow a...

New Delhi, March 26 Reliance Industries said on Thursday that it has not purchased crude oil of Iranian origin since the US temporarily removed sanctions to ease pressure on prices that followed the US-Israeli war on Iran.In a statement, Reliance termed reports of it buying Iranian oil as...

March 26, New Delhi – The 14th Ministerial Conference of the World Trade Organization (WTO) is scheduled to take place from March 26-29 in Yaoundé, Cameroon.The conference will bring together Trade Ministers from WTO member countries to discuss key issues affecting the global trading system...

March 26, New Delhi – European Union (EU) lawmakers gave their approval, subject to certain conditions, to the EU's side of its trade agreement with the United States on Thursday.The EU assembly voted in favor of the legislation with 417 votes to 154 and 71 abstentions, although with several...

Karnal (Haryana), March 26 Union Minister Manohar Lal said on Thursday that while global conflicts and geopolitical tensions pose a potential risk to the supply of petroleum products and gas, India is well-prepared to tackle such challenges and there is "no need to panic" at present.Speaking...

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...

New Delhi, March 24 – Navigating the Strait of Hormuz, the only sea channel linking the oil-rich Persian Gulf with open oceans, does not require permission from any country, a senior government official said as more Indian vessels prepared to sail through the war-affected area.Rejecting the...

Srinagar, March 24 A two-day Agro and Food Fest Buyer-Seller Meet began in Jammu and Kashmir on Tuesday, with the aim of promoting agricultural products from the Union Territory and strengthening market connections.The event, jointly organized by the Trade Promotion Council of India (TPCI) and...

New Delhi, March 24 – Prime Minister Narendra Modi on Tuesday emphasized the government's plans and measures to protect citizens from global oil price shocks, while highlighting the Centre's efforts to maintain the integrity and functionality of global energy supply routes.He informed the...

Prime Minister Narendra Modi has advocated for dialogue and diplomacy to restore peace in the West Asia region. Speaking in the Rajya Sabha about the ongoing conflict in West Asia and explaining India's position on the issue, Mr. Modi said, 'India has raised the issue of de-escalation and the...

March 23, New Delhi: Markets across Asia plunged on Monday following trade threats between the US and Iran.Stock markets in Australia and New Zealand were down 1.7% and 1.1%, respectively, in early trading. Japan's Nikkei fell 3.5% to 51,514.78, while the broader Topix dropped 2.86% to...

March 21, New Delhi – The Trump administration has temporarily lifted sanctions on Iran's oil exports for products already loaded onto vessels and stranded at sea since March 20th.This limited, short-term authorization issued by the Treasury Department via a general license is in effect until...

Washington, March 21 – On Friday night, the United States issued a narrow, short-term authorization allowing the sale of Iranian oil that is currently stranded at sea. The Trump administration says this move will quickly boost global supply while maintaining pressure on Tehran, according to the...

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 The free trade agreement (FTA) between India and the UK, signed last July, is likely to be implemented by early May, as both sides are "finalizing a few outstanding issues," officials said on Thursday.According to officials, the EU has indicated November as the timeline for...

Colombo, March 19 Adani Ports and Special Economic Zone Ltd, operating at the Colombo port's west terminal, has achieved the milestone of handling one million TEUs in its first year of operations."The rapid growth in the Port of Colombo in Sri Lanka underscores the expanding global presence of...

Patna, March 19 The Bihar government is committed to creating a globally competitive and investor-friendly environment through progressive policies, strong infrastructure development, and strategic initiatives, an official said.During a webinar organized in collaboration with Invest India and...

Washington, March 17 – U.S. lawmakers on Tuesday warned that increasing concentration and weak oversight in the global maritime shipping industry could drive up costs and disrupt supply chains worldwide, with potential ripple effects for international trade and exporters beyond American shores...

March 17, New Delhi: Commerce Minister Piyush Goyal stated that the Indian economy remains strong despite the ongoing crisis in the Middle East.Responding to a supplementary question in the Lok Sabha, the minister said there is growing enthusiasm worldwide to strengthen trade relations with...