Trade | The Asian Age

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Trade deficit, the difference between exports and imports, widened to USD 15.33 billion in April 2019 from USD 13.72 billion in April 2018. (Representational image)

Exports grow marginally, imports up 4.5 per cent in April

Oil imports grew by 9.26 per cent to USD 11.38 billion and non-oil imports expanded by 2.78 per cent.

15 May 2019 7:24 PM

He added that India's new rules on e-commerce, which bar companies from selling products via firms in which they have an equity interest, and data localisation have been discriminatory for US firms such as Walmart Inc and Mastercard Inc. (Photo: File)

US warns India against retaliatory duties over scrapping of trade privileges

India is the biggest beneficiary of the GSP, which allows preferential duty-free imports of up to USD 5.6 bn from South Asian nation.

08 May 2019 9:15 AM

“In the past, even temporary lapses in such benefits have caused companies to lay off workers, cut salaries and benefits, and delay or cancel job-creating investments in the United States,” the letter says.

US lawmakers urge Trump administration to not end India's trade privileges

Generalized System of Preferences allows US preferential duty-free imports of up to USD 5.6 billion from India.

04 May 2019 11:04 AM

According to sources, India may go ahead with its decision to impose retaliatory tariffs if the US would withdraw the GSP benefits.

India extends retaliatory tariff deadline on 29 US products till May 16

This extension comes with US decision to withdraw export incentives being provided to Indian exporters under GSP programme.

03 May 2019 5:27 PM

On March 4, President Donald Trump announced that the US intends to terminate India's designations as a beneficiary developing country under the GSP programme.

25 US lawmakers urge Trump admin not to cancel GSP trade benefits to India

The 60-day notice period ends on May 3.

03 May 2019 10:58 AM

LG Chem and its American unit have filed a lawsuit against SK Innovation in the US International Trade Commission (ITC), accusing SK Innovation of misappropriation of trade secrets by hiring its former employees.

Battery maker LG Chem sues SK Innovation, alleges trade secret theft

SK currently produces EV batteries only in South Korea and plans to begin mass production in its Hungary and US factories.

30 Apr 2019 1:20 PM

'Chief negotiators from both the countries will hold the fifth round of negotiations for the agreement in August,' the official said.

India, Peru to hold next round of FTA negotiations in August

The fourth round was held between March 11 and 15 this year in Lima, Peru.

29 Apr 2019 5:01 PM

The most impacted products will be raw materials and intermediary goods. (File Photo)

India: Trump's preferential trade status will have minimal impact

Anup Wadhawan said India now is looking at a non-GSP trade pact with America.

05 Mar 2019 4:04 PM

The official added that India and the US are having two track discussions -- to increase trade in short and medium term, and identify long term trade potentials. (Photo: File)

India, US expected to soon finalise a trade package to boost bilateral commerce

ndia's exports to the US in 2017-18 stood at USD 47.9 billion, while imports were USD 26.7 billion.

23 Feb 2019 4:35 PM

The WTO forecast last September that global trade growth would slow to 3.7 per cent in 2019 from an estimated 3.9 per cent in 2018, but there could be a steeper slowdown or a rebound depending on policy steps, it said. (Representational Image)

WTO warns of global trade slowdown as indicator hits 9-year low

The WTO’s quarterly outlook indicator, a composite of seven drivers of trade, showed a reading of 96.3, the weakest since March 2010.

19 Feb 2019 5:33 PM

Several railways infrastructure projects in Nepal have been undertaken with India's assistance, Fekita said. (Photo: Pixabay)

India can play key role in Nepal's bid to expand global trade: UN official

The LLDCs are amongst some of the most vulnerable countries, UN Under-Secretary-General and High Representative, Fekita 'Utoikamanou said.

17 Feb 2019 3:33 PM

Total exports fell to USD 221.25 billion in December, down 1.4 per cent from November, and 4.4 per cent from the same month in 2017.

China's economy slumps to 28 year low to 6.6 per cent in 2018

China's rate of expansion has raised worries about the potential knock-on effect on the global economy.

21 Jan 2019 10:44 AM

The Union Cabinet last month approved strategic sale of government stake in Dredging Corporation of India to consortium of four ports.

Need to open up India's dredging market to boost ports trade: NITI aayog

The government has already made an action plan to increase the draft depth of ports.

25 Dec 2018 1:46 PM

Eminent economist Arvind Panagariya. (Photo: PTI)

India, other Asian countries benefited from opening up trade: Panagariya

India merchandise exports stood at USD 50 billion and it grew to USD 300 billion in 2011.

03 Nov 2018 4:32 PM

Chinese authorities will hold a meeting in Nov with Indian exporters to address their concerns relating to market access and trade regulations.

China agrees to increase imports from country: Suresh Prabhu

The Indian government is set to boost exports of rice and rapeseed to China to try to narrow this gap.

26 Oct 2018 11:57 AM

Data localisation is an act of storing data on any device that is physically present within the borders of a particular country where the data was generated. (Representational Image)

US wants to prohibit data localisation, trade official says amid looming RBI directive

American IT companies are up in arms against the latest Indian directive which kicks off next week.

13 Oct 2018 12:12 PM

Large trade deficit and rupee decline against the US dollar are putting pressure on the CAD.

Govt should focus on boosting exports, import curbs may not help control CAD: FIEO

Trade deficit soared to a near five-year high of USD 18 billion in July, but dipped slightly at USD 17.4 billion in August.

15 Sep 2018 3:49 PM

Trade Secretary JS Deepak said in the medium term, country’s fundamentals were strong and the capital flows were healthy.

Exports benefiting from weak rupee, says trade secretary

Merchandise exports rose 14.32 per cent in July to $25.77 billion from a year ago.

06 Sep 2018 8:20 AM

Export of gems and jewellery was up 24.62 per cent to USD 3.18 billion.

Exports up 14.32 per cent in July to USD 25.77 billion

Outward shipments of petroleum products surged from USD 3 billion in July last year to USD 3.9 billion.

14 Aug 2018 6:43 PM

Moody's assumes that these effects will be largely offset by moderate fiscal and policy easing.

US-China trade dispute likely to escalate, impact global growth

Trade restrictions are expected to cut about 0.25 percentage points off US' real GDP growth in 2019.

01 Aug 2018 8:51 AM

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Aakar Patel