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Trade will regress to an era of power politics, says India

The country’s statement comes after a group of 117 members including India sought to start the selection processes for filling six vacancies in the appellate body that will not have a quorum to review new trade dispute appeals after December 10 when the second terms of two members expire. There are four existing vacancies in the panel.

View: Indian exporters in need of export subsidy scheme to compete with global players

Based on a complaint by the US, a World Trade Organisation (WTO) panel has determined that India’s export subsidies are inconsistent with WTO requirements. India has appealed against the decision.

US wants to ensure India's data localisation plan doesn't stymie growth in transactions: Steven Mnuchin

Mnuchin also insisted that America has no problem if countries want to have local data for regulatory purposes as long as they do not eliminate it outside the country.

Southeast Asian corridor eyes business opportunities with Delhi via Bay of Bengal

The new bridge - part of the East-West Economic Corridor between Thailand and Myanmar that opened a few weeks ago will give Cambodia, Laos, Myanmar, Thailand and Vietnam access to the vast Indian market and reduce heavy reliance on China, ET has learnt.

Amidst onion crisis, fresh loads of imported onions from Turkey reach Mangaluru

Amidst onion crisis in the country, fresh loads of imported onions from Turkey reached in Mangaluru on December 04. To control the rising prices, the government is importing 11,000 tonnes from Turkey. Onion prices remain high across the major cities of the country.

Indonesia plans to divert palm oil exports to India if EU cuts imports

The world’s largest producer of palm oil, is focusing big on exports to countries like India and China to overcome the likely setback it may face from the European Union, which may cut down on imports of palm oil products.

PM Modi accepts European Commission president's invitation to visit Brussels for next India-EU Summit

The prime minister accepted the invitation of the European Commission president to visit Brussels for the next India-EU Summit, a statement issued by the Prime Minister's Office said. Modi said that von der Leyen's leadership of the commission had special significance since she was its first woman president.

Import curbs likely on over 350 items to boost ‘Make in India’

Departments are looking into suggestions of waiving the requirement for global tender for government procurement in sectors where it thinks there is sufficient domestic capacity to execute a contract. The moves are part of the government’s thrust to ‘Make-in-India’ scheme, for which it has been working on ways to discourage imports.

11,000 tonnes of onions to reach India from Turkey

The MMTC is arranging imports of onions from various countries, including Turkey. The MMTC had earlier signed an import deal for 6,900 tonnes from Egypt, and this consignment is expected to reach here in the next 10 days, and help to moderate prices once it is in the market. The retain price of onion in Delhi-NCR on Sunday was Rs 80-120 per kg.

All 16 leaders working to resolve India's concerns over RCEP: Japan

"All the 16 leaders are working to resolve issues related to India on RCEP in a satisfactory way," Atsushi Kaifu, Deputy Press Secretary in the Japanese Ministry of Foreign Affairs said here. His comments came a day after India and Japan held their first foreign and defence ministerial talks to further strengthen strategic ties.

Japan indicates efforts on to address India's concerns over RCEP

Japan indicates efforts on to address India's concerns over RCEP

After years of negotiations, India last month pulled out of the proposed RCEP over unresolved "core concerns" at a summit meeting of the participating countries, saying the proposed pact in its current form would have adverse impact on lives and livelihoods of all Indians.

India will not negotiate any FTA on back foot; will protect India's interest: Piyush Goyal

India will not negotiate any FTA on back foot; will protect India's interest: Piyush Goyal

Prime Minister Narendra Modi is ready to bite the bullet and because of that India decided to walk out from the mega free trade pact Regional Comprehensive Economic Partnership (RCEP) as the concerns of India was not addressed, Goyal said.

India renews commitment to Bhutan’s 12th five year plan

India renews commitment to Bhutan’s 12th five year plan

India has committed assistance of Rs. 4500 Crore for implementation of development projects and Rs. 400 Crore for transitional Trade Support Facility during Bhutan’s 12th Five Year Plan (2018 - 2023). 51 large and intermediate projects and 359 SDPs/HICPDs are at various stages of implementation under the 12th Five Year Plan.

India to export 4 million tonnes of sugar, says Marex Spectron

India to export 4 million tonnes of sugar, says Marex Spectron

The survey tried to answer three burning questions in front of the global sugar industry, which include the anticipated Indian sugar production during 2019/ 20, the anticipated exports from country and anticipated sugar production of Thailand.

US, India have made exploratory requests for greater market access: Piyush Goyal

US, India have made exploratory requests for greater market access: Piyush Goyal

“Regular consultations with the concerned line ministries / departments and other stakeholder’s bodies is a part of the ongoing discussions,” he said in a written reply to a question on bilateral trade negotiations with the US in Rajya Sabha. The minister said that trade related issues are discussed as a part of any ongoing economic relationship.

Government initiates dialogue with ASEAN members for review of FTA: Piyush Goyal

Government initiates dialogue with ASEAN members for review of FTA: Piyush Goyal

"We have already initiated dialogue with ASEAN countries and I am happy to share with the House that ASEAN has agreed for a review of the FTA. We will take up various issues in the review and then we will report to the House," he told the House. He also said the Coffee Board is trying to develop an Indian brand of coffee .

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