China has warned Washington that discussions over trade will not progress if the US continues to use “pressure and intimidation”. The statement came after the US announced fresh 100 per cent tariffs on Chinese imports in response to Beijing’s curbs on rare earth magnet exports. China firmly rejects the recent U.S. restrictions and sanctions on…
India and the European Union (EU) are moving closer to finalising a free trade agreement within the next three months, according to reports, cited by IANS. Negotiations have accelerated in recent weeks, covering key areas such as agriculture, sustainability and market access. Officials familiar with the discussions said the two sides are keen to close…
The Reserve Bank of India (RBI) has given exporters and importers additional time to complete merchanting trade transactions (MTT), easing compliance requirements amid global trade uncertainty. The decision, according to Zee Business sources, is expected to provide relief particularly for small-value transactions. Six months instead of four According to the sources, the RBI has extended…
India’s Chief Economic Adviser V Anantha Nageswaran has said that the US could withdraw the 25 per cent penal tariff on Indian goods after November 30, offering relief to exporters burdened with duties as high as 50 per cent. His remarks reported by ANI, signal cautious optimism of a resolution to the ongoing trade dispute….
Asian equities opened lower after a selloff in technology stocks hit Wall Street Friday, with chip shares among the losers. Indexes in Japan and South Korea opened lower along with Australian stocks. Samsung Electronics Co. and SK Hynix Inc. slid after the US Commerce Department removed the companies from the list of entities authorized to…
Referring to purported differences in understanding of US trade agreements and their clauses with Vietnam and Japan, think tank Global Trade Research Initiative (GTRI) suggested that India tread carefully as it negotiates its trade agreement with the US. GTRI, in a report released on Sunday, called for India to take a cue from the experiences…