India pledges full cooperation to Egypt, to enhance trade
News One, 30 May, 2011
New Delhi, May 30 (IANS) India Monday pledged full support to Egypt in its reconstruction efforts, including in the process of holding elections, as the two countries resolved to scale up their trade and investment. More…
India’s new trading schemes to curb carbon emissions
Moneycontrol, 30 May, 2011
India is taking a different path to curb its emissions, betting big on two market-based trading schemes to encourage energy efficiency and green power. More…
India Close to Access Deal for Wal-Mart, Carrefour Superstores
Bloomberg, 27 May, 2011
India will announce new rules for foreign investment in retail by April 2012, paving the way for companies such as Wal-Mart Stores Inc. (WMT) and Carrefour SA (CA) to open stores, Junior Trade Minister Jyotiraditya Scindia said. More…
India not giving subsidy on imported ammonium sulphate: WTO
The Economic Times, 26 May, 2011
NEW DELHI: World Trade Organisation (WTO), the primary international body to help promote free trade has questioned India for providing subsidy on only indigenous ammonium sulphate and not on the imported fertiliser. More…
India to offer Africa $5bn credit to nurture trade
AFP, 24 May, 2011
ADDIS ABABA — Indian Prime Minister Manmohan Singh told African leaders on Tuesday that India will offer $5 billion in loans to nurture economic growth on the continent, where China is already a big step ahead. More…
MCCI eyes plenty of untapped scope in trade ties with India
The Financial Express, 24 May, 2011
The leaders of Metropolitan Chamber of Commerce and Industry (MCCI) on Monday called upon the government of India to focus on some specific issues for further improvement of bilateral trade and commerce between the two countries. More…
Ethiopia ready to increase trade exchanges with India
MSN News, 23 May, 2011
Addis Ababa (Ethiopia), May 22 (PTI) Ethiopia today assured India that it will step up its trade ties with it and increase imports of Indian goods and services. More…
Green trade: Now, a commodity to clear air
The Times of India, 22 May, 2011
The industry is well-versed with commodities like steel, copper, gold, sugar, wheat, oil, etc among a host of others. Now, it will get to know familiarized with environmental commodities. More…
India, Africa trade ties take quantum leap
Business Standard, 22 May, 2011
India and Africa on Saturday vowed to strengthen trade-related capacity by concluding cooperation agreements between India and African Regional Economic Communities (RECs) even as both sides joined hands for a speedy conclusion of the Doha round of global trade talks. More…
India seeks trade pact with MERCOSUR
Business Standard, 21 May, 2011
India is soon going to launch negotiations to have a comprehensive economic cooperation agreement (CECA) with Latin American trading bloc MERCOSUR even as it looks to “expedite” the talks to have a preferential trade agreement with the South African Customs Union (SACU). In order to boost South-South trade, India, SACU and MERCOSUR are also planning to have a trilateral trade agreement soon. More…
Payment crisis likely to hamper tea trade between India and Iran
FnBnews.com, 21 May, 2011
Orthodox tea (green leaf tea) exporters in India are apprehensive of losing out on business with Iran in the coming years on account of an unresolved payment crisis. Iran is one of the major international orthodox tea buyers for India. More…
Palm Oil Imports by India May Decline as Farmers Boost Oilseed Production
Bloomberg, 19 May, 2011
India, the world’s biggest user of cooking oil after China, will assure higher oilseeds prices for farmers, helping them boost output of soybeans and peanuts and potentially reducing imports of palm oil. More…
India-Africa trade to reach $70 bn by 2015
Business Standard, 19 May, 2011
This summer it is destination Africa for India Inc. Political leaders, industrialists and businessmen are increasingly looking to tap the resource-rich countries of the world’s second largest continent even as two-way trade between India and Africa is poised to reach $70 billion by 2015 from $46 billion at present. More…
Pak-India: ‘Improving trade ties can help increase growth’
Tribune, 19 May, 2011
KARACHI: Opening up trade with India will help Pakistan to increase its annual gross domestic product (GDP) by at least one to two per cent, said Pakistan Business Council (PBC) CEO Kamran Mirza. More…
Rupee up 9 paise against US dollar in early trade
The Times of India, 18 May, 2011
MUMBAI: The Indian rupee strengthened by 9 paise to Rs 45.06 against the US dollar in early trade on the Interbank Foreign Exchange on Wednesday, largely in line with other stronger Asian currencies overseas and a higher opening in the stock market. More…
India-Asean FTA to strengthen trade dependence
Rediff Business, 17 May, 2011
The free trade agreement on goods between India and the Association of Southeast Asian Nations is expected to strengthen the trade dependence once the deal is implemented, said a study by Federation of Indian Chambers of Commerce and Industry and Deloitte. More…
Free trade pact with EU likely to include auto
The Times of India, 17 May, 2011
CHENNAI: India’s proposed free trade agreement (FTA) with the European Union could include tariff reduction on import of vehicles as well as automotive components. If it does, it will be a first since India’s FTAs with other auto hubs like Japan, Korea and Thailand have so far left out completely-built vehicles from the areas covered by the FTA. More…
India-Asean free trade pact to give infra boost
The Financial Express, 16 May, 2011
New Delhi: India-Asean free trade agreement is likely to open up a host of business opportunities and projects especially in ‘construction work’. More…
‘Not clear’ how to end Doha impasse: EU
Moneycontrol.com, 14 May, 2011
The world’s main trading nations remain divided over a global trade deal despite a compromise plan put forward by the European Union to rescue the stalled Doha trade round, the EU’s trade chief said on Friday. More…
CCI notice to NSE for unfair trade practices
Indian Express, 14 May, 2011
The Competition Commission of India (CCI) has issued a show cause notice to the National Stock Exchange (NSE) in an abuse of dominance case, asking the stock exchange as to why a penalty should not be imposed on it for unfair trade practices in. More…
Uranium to be part of FTA between India, Australia
Business Standard, 11 May, 2011
With India expected to kick off free trade negotiations with Australia tomorrow, the opposition party here today called for inclusion of uranium sale issue in the negotiations. More…
U.S. Should Pursue Free Trade Agreement with India
Industry Week, 11 May, 2011
With growth in India projected at 8% to 10% and trade growth in the 20% to 40% range, industry group MAPI says the evolving relationship would be strengthened by a free trade agreement. More…
EU Seeks to Trim List of Tariff Beneficiaries
The Wall Street Journal, 10 May, 2011
BRUSSELS—The European Union will take steps Tuesday to eliminate trade concessions for wealthy emerging economies, part of a shift in global trade terms as the EU and U.S. adapt to the rise of Russia, Brazil and other new export powers. More…
India and Australia to open trade talks
Feedstuffs, 10 May, 2011
India and Australia have agreed to open negotiations towards a free trade agreement (FTA), Australian Minister for Trade Craig Emerson announced last week. More…
FIIs turn net sellers, markets in correction mode while investors should be cautious
The Economic Times, 08 May, 2011
The domestic stock markets have been going through a correction in the last few days, mainly due to some disappointing results and a sharp hike in the key interest rates by the Reserve Bank of India (RBI) during its monetary policy review last week. More…
Nepal must be India-China transit point: Traders
Republica, 08 May, 2011
KATHMANDU, May 8: On the eve of Nepal-China trade talks, Nepali traders have demanded the country be made a transit point between China and India by convincing the Asian economic giants to invest in railway connectivity. More…
Nigeria-India Trade Value Hits $12bn
AllAfrica.com, 05 May, 2011
Foreign Minister Odien Ajumogobia said the value of trade between Nigeria and India is now $12 billion, with the two countries seeking to grow the value. He disclosed this Tuesday in his office during a visit by the Indian envoy in Nigeria. More…
India-Asean trade to reach $70 billion by 2012
Commodity Online, 05 May, 2011
NEW DELHI (Commodity Online): India and Asean bloc have decided to increase trade between them to 40 percent by 2012. A communique issued here after the first India-Asean business fair said India and the Association of Southeast Asian Nations (Asean) are committed to achieving a trade target of $70 billion by 2012,up 40 per cent from $50 billion in 2010. More…
India-EU FTA likely by end of June, says commerce secretary
Indian Express, 05 May, 2011
Having discussed the fine prints of the India-European Union free trade agreement (FTA) with Prime Minister Manmohan Singh, the government is poised to seal the pact by the end of June. More…
India Trade Minister: Aim to Double Exports to $500 Billion by 2013-14
NASDAQ, 03 May, 2011
NEW DELHI -(Dow Jones)- India aims to more than double its merchandise exports to $500 billion by the financial year ending March 31, 2014, Commerce and Industry Minister Anand Sharma said Tuesday. More…
India’s 2010/11 Trade Deficit Narrows
RTT News, 02 May, 2011
India’s trade deficit fell to $104.82 billion during April 2010 to March 2011, from $109.62 billion recorded for the same period of 2009/10, data from the Ministry of Commerce showed Monday. More…