Fresh controversy has erupted in Washington after White House trade adviser Peter Navarro claimed that Americans are effectively paying for artificial intelligence (AI) services used in countries such as India and China. The remarks, made during a televised interaction with former Trump strategist Steve Bannon, have added fuel to an…
Tag: #GlobalTrade
News
India’s Chabahar Withdrawal: Geopolitical Ripples
India has reportedly scaled back its involvement in Iran’s Chabahar port following potential sanctions threats from the United States. The move, highlighted by US President Donald Trump’s announcement of a 25% tariff on any business conducted with the US by nations engaging with Iran, has triggered debate over India’s strategic…
News
Budget 2026: India’s Trade Policy Reset in Turbulent Times
New Delhi: As India approaches the Union Budget 2026, trade policy has emerged as a central economic challenge rather than a background consideration. Slowing global growth, renewed protectionism and disrupted supply chains have reshaped the rules of international commerce. For India, which remains deeply integrated with major global markets, trade…
News
China Halts Solar Subsidies, India Set to Shine
China’s decision to phase out export subsidies on solar products could mark a turning point for India’s renewable energy manufacturing sector. The move, announced earlier this month, is expected to narrow the cost gap between Chinese and Indian solar equipment, potentially opening global export opportunities for Indian firms. From April…
News
NITI Aayog Releases Export Preparedness Index (EPI) 2024
NITI Aayog on Tuesday released the Export Preparedness Index (EPI) 2024, offering a comprehensive assessment of export readiness across India’s States and Union Territories. The index highlights the critical role of subnational economies in driving India’s global trade ambitions and achieving the target of USD 1 trillion in merchandise exports…
News
Piyush Goyal’s Brussels Visit Boosts India-EU FTA Talks
Union Minister of Commerce and Industry Shri Piyush Goyal’s recent visit to Brussels has given fresh momentum to the long-pending India-European Union Free Trade Agreement (FTA), with both sides reaffirming strong political commitment to conclude a modern and mutually beneficial deal. The two-day visit, held on January 8 and 9,…
News
NITI Aayog Releases Trade Watch Quarterly on India’s Auto Exports
NITI Aayog on Tuesday released the fifth edition of its flagship publication, Trade Watch Quarterly, offering a detailed and data-driven assessment of India’s trade performance amid changing global economic conditions. The latest edition, covering the first quarter of FY 2025–26 (April–June 2025), places a special emphasis on the structure, competitiveness,…
News
India to Chair Kimberley Process from Jan 2026
New Delhi, December 25: India has been selected to assume the prestigious chairpersonship of the Kimberley Process (KP) from January 1, 2026. The Kimberley Process is a global initiative involving governments, the diamond industry, and civil society, designed to prevent the trade in “conflict diamonds”—rough diamonds used to finance armed…
News
Amit Shah Hails India–New Zealand FTA as Trade Diplomacy Milestone
Union Home Minister and Minister of Cooperation Shri Amit Shah has hailed the India–New Zealand Free Trade Agreement (FTA) as a landmark achievement in India’s evolving trade diplomacy, stating that it reflects the Modi government’s people-centric foreign policy and sets a new benchmark for global economic engagement. In a public…
News
India New Zealand FTA Explained: Zero Duty Big Gains for India
India and New Zealand have finalised a landmark Free Trade Agreement (FTA) that promises zero-duty access on 100 percent of Indian exports to New Zealand, marking a major breakthrough in bilateral economic relations. Announced following a telephonic conversation between Prime Minister Narendra Modi and New Zealand Prime Minister Christopher Luxon,…