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The volume purchased will be decided by MMTC later depending on the level of prices received but minimum offers are 24,000 tonnes to 25,000 tonnes. (Representational Image)

MMTC postpones tender to import corn: Traders

The previous tender deadline was Tuesday, July 9. Offers must now remain valid up to July 18.

10 Jul 2019 1:33 PM

Piyush Goyal said that in the 26th round of RCEP negotiations at the experts level, which has concluded recently in Melbourne, some progress has been achieved with member countries showing a degree of flexibility and accommodation. (Photo: File)

Industry not convinced that RCEP will create win-win situation for all: Goyal

Indian Industry is not convinced that RCEP will create a win-win situation for all, the ministry said in a statement.

09 Jul 2019 7:34 PM

Secretary in the department for promotion of industry and internal trade (DPIIT) Ramesh Abhishek, however, said there will be no relaxation in the mandatory 30 per cent local sourcing norms. (Photo: Representational)

Will hold consultations on relaxing local sourcing norms for single brand retailers: DPIIT Secy

We would try to make it more simple for retailers to comply with the provisions of sourcing, said Ramesh Abhishek.

08 Jul 2019 5:20 PM

Piyush Goyal said a joint feasibility study has been conducted to explore possibility of a free trade agreement with EAEU which includes Russia, Armenia, Belarus are the other three countries. (Photo: File)

Language, banking system impeding trade with central Asia: Piyush Goyal

Goyal said efforts are being made to boost trade through existing mechanisms between India and Central Asian countries.

03 Jul 2019 1:42 PM

Since 2011-12, India's exports have been hovering at around USD 300 billion. (Photo: Representational)

Commerce ministry seeks stakeholder comments for next foreign trade policy

During 2018-19, the overseas shipments grew by 9 per cent to USD 331 billion.

01 Jul 2019 4:35 PM

Global imbalances remain large and persistent and require thorough monitoring and timely policy responses.We further stress the importance of a favourable global economic environment for sustained growth of international trade, the joint statement said. (Photo: AFP | File)

BRICS leaders call for transparent, inclusive international trade

The 5 leaders noted that world economic growth appears to be stabilising and is generally projected to pick up moderately.

28 Jun 2019 6:44 PM

China has sought to gain support for defending global trade agreements against Trump’s “America First” stance in gatherings like the G-20. (Photo: AP)

Major agenda of G-20 leaders meet include trade, climate change, Iran conflict

The summit comes at a time of growing international tensions.

27 Jun 2019 7:14 PM

Piyush Goyal said "we believe" that the US decision of withdrawing GSP (Generalised System of Preferences) benefits "is not exactly as per the norms of WTO and GATT which have been mutually agreed and which are multilateral trade agreements". (Photo: File)

India won't bargain national interest in trade talks with US: Goyal

India exported goods worth over USD 6 billion under GSP in 2018.

27 Jun 2019 9:44 AM

The United States on Monday was due to tighten sanctions on Iran as the two countries traded barbs in a tense standoff sparked by Washington's withdrawal from a nuclear deal. (Photo: File)

Iran-US trade barbs ahead of new sanctions

On Sunday US national security adviser John Bolton cautioned Iran against misinterpreting the last-minute cancellation.

24 Jun 2019 11:37 AM

Mike Pompeo arrives in New Delhi on Tuesday for talks that are aimed at laying the ground for a meeting between US President Donald Trump and Indian Prime Minister Narendra Modi later in the week at a G20 meeting in Japan. (Photo: File | AP)

Pompeo likely to calm tension with India before expected Trump-Modi talks

India is embroiled in disputes with United States over tariffs, Indian price caps on imported medical devices, most from the US.

21 Jun 2019 5:36 PM

The total duty concessions accruing on account of the GSP were USD 240 million in 2018 which was about 3.8 per cent of the value of India's exports to the US availing GSP benefits in 2018, Commerce and Industry Minister Piyush Goyal said in a written reply to the Rajya Sabha. (Photo: File | ANI)

India's exported USD 6.3 bn worth of goods in 2018 under export incentive of US

The US has rolled back incentives under its Generalised System of Preferences (GSP) programme from June 5.

21 Jun 2019 5:12 PM

Obviously, in a situation when the world is seeing trade wars across nations, across continents, India will come in the crossfire. But then its a cross fire which we can handle, Piyush Goyal said during Question Hour in Rajya Sabha..

India well placed to deal with global trade crossfire: Goyal

At a time when the world is witnessing trade wars across nations, India too will be impacted.

21 Jun 2019 4:23 PM

The move will hurt American exporters of these 29 items as they have to pay duties on these products. (Representational Image)

India to impose retaliatory tariff on 29 US items from June 16

A notification with this regard will be issued by the finance ministry soon, sources said.

14 Jun 2019 5:21 PM

Nirmala Sitharaman spoke on the on-going efforts of Indian Government to counter tax avoidance & evasion, finance ministry tweeted.

Sitharaman highlights India's efforts to counter tax avoidance, evasion

The meeting of the finance ministers would deliberate on issues protectionism and its implication on global growth, trade.

08 Jun 2019 3:22 PM

The US has said with effect from June 5, it will withdraw incentives to Indian exporters provided under its Generalized System of Preferences (GSP) programme. (Representational Image)

Removal of trade status will not hinder economic ties with US, says India

Commerce ministry said in relationship, economic ties there are ongoing issues which get resolved mutually from time to time.

02 Jun 2019 10:51 AM

Washington and Beijing resumed their bruising trade battle last month when the latest round of talks ended without a deal, with American negotiators accusing their Chinese counterparts of reneging on previous commitments. (Photo: File)

China says trade war 'has not made America great again'

The world's top two economies have so far exchanged tit-for-tat tariffs on two-way trade worth hundreds of billions of dollars.

02 Jun 2019 9:46 AM

The proposal is part of a 100-day action plan prepared by the ministry for the new government, which will take office on May 30.

100-day agenda: Commerce ministry proposes to create separate dept for logistics

At present, a logistics division is functioning under the department of commerce and headed by a special secretary-level officer.

28 May 2019 2:39 PM

The United States is Canada’s top trading partner, taking in 75 percent of its goods exports. (Photo:AP)

Canada takes first step toward ratifying new North American trade deal

The United States struck deals on May 17 to lift tariffs on steel and aluminum imports from Canada and Mexico.

28 May 2019 10:51 AM

The tough talk capped a week that saw Beijing unveil fresh retaliatory tariffs, US officials accuse China of backtracking on promises made during months of talks.

China's tough rhetoric leaves trade talks with US in limbo

CNBC, citing sources, said the trade talks had stalled and the next round of discussions was “in flux.”

18 May 2019 2:37 PM

While President Trump has tweeted about raising tariffs on China to create additional negotiating leverage, terminating GSP for India would undermine it, the report said. (Representational Image)

GSP countries like India to benefit from US trade war with China: Report

Trump announced that US intends to terminate India's designations as a beneficiary country under the GSP programme.

17 May 2019 12:00 PM

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Aakar Patel