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India’s trade dependence on the US up 0.6% in last 12 months: UNCTAD

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[ad_1] New Delhi: India’s trade dependence on the US has risen 0.6% in the last 12 months while Russia’s trade dependence on India rose 0.7%, UNCTAD said in its Global Trade Outlook Thursday.It also said that despite turbulence from shifting US trade policy, global trade dynamics have so far shown limited disruption, with developing economies maintaining strong commitment to trade as a foundation for growth. The multilateral body cautioned that uncertainty over the US policy remains a notable risk.“On a trailing four quarters basis, growth remains robust—around 5% for goods and 6% for services,” UNCTAD said.Driven primarily by developing economies, global trade expanded by about $500 billion in the first half of 2025 despite volatility, policy shifts and persistent geopolitical tensions, according to the “Barring major negative shocks in the final months of 2025, the value of global trade is projected to surpass its record levels of 2024,” UNCTAD said.As per the report, global i...
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Russian region of Tatarstan positions itself as gateway for Indian business

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[ad_1] The Russian region of Tatarstan is eager to expand economic cooperation with India and could serve as a gateway for India to enter the local market, regional head Rustam Minnikhanov has said.Speaking ahead of TIME (Tatarstan-India Mutual Efficiency) Forum in the Kazan, Minnikhanov said Tatarstan is looking to increase exports of automobiles, helicopters, ships, and petrochemical products, identifying India as an important market.“We are interested in expanding cooperation with Indian partners in such areas as electronics, pharmaceuticals, light industry, IT, and high technology,” he said. “As for investment projects, we currently do not have major joint initiatives with Indian companies, but we are open to dialogue and invite Indian businesses to consider Tatarstan as a gateway to the Russian market.”Minnikhanov also said Kazan is one of Russia’s leading centers of science and education. “There are currently 1,167 Indian students studying at our universities,” he added. “...
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Rare earths just turned even rarer

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[ad_1] China suddenly further tightened its grip on the one big power source that runs many critical areas of the modern economy, queering the pitch even more for other countries that were already deeply unsettled by Trump's relentless barrage of punitive tariffs.Beijing, on October 9, announced an expansion of its export curbs on rare earth metals and related technologies, citing concerns over national security and the military applications of advanced components. Under the newly issued rules, exporters will require official licencing to ship technologies and equipment used in rare earth mining, smelting, separation, magnet manufacture, recycling and even maintenance, repair or upgrades of rare earth production lines.The measures also restrict overseas cooperation. Chinese firms and foreign partners now must seek approval to engage in rare earth related projects abroad. Why China's new curbs matter for India more is because this time, China has demanded that India provi...
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Afghanistan to send diplomats to India: Muttaqi

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[ad_1] Afghan Foreign Minister Amir Khan Muttaqi on Friday said Kabul will send diplomats to India as part of step-by-step efforts to improve bilateral relations.Muttaqi made the significant announcement at a media briefing hours after holding extensive talks with External Affairs Minister S Jaishankar.He also assured New Delhi that Afghan soil will not be allowed to carry out any activities that could be detrimental to its interests.Muttaqi said Kabul will soon send its diplomats to India. Till now, the Afghan missions in India have officials who were largely appointed by the previous Ashraf Ghani government.India has not yet recognised the Taliban set up and has been pitching for the formation of a truly inclusive government in Kabul.Live EventsAdd as a Reliable and Trusted News Source [ad_2] Source link Follow Us: https://facebook.com/gagab2b https://youtube.com/gagab2b https://gagab2b.com https://gagab2b.com/import-export-news/import-export-india-news/afghanis...
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Next phase of UK–India critical minerals supply chain observatory begins

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[ad_1] TEXMiN, IIT(ISM) Dhanbad and the University of Cambridge, UK have signed an agreement this week to establish the Critical Minerals Supply Chain Satellite Observatory at IIT(ISM) Dhanbad. An official statement said the signing is part of ongoing bilateral cooperation between India and UK in the field of technology and critical minerals. The agreement marks the beginning of Phase II of the UK–India Critical Minerals Supply Chain Observatory, a global initiative led by the University of Cambridge’s Institute for Manufacturing (IfM) and supported by India’s Department of Science and Technology (DST), the statement added. TEXMiN, as the Technology Innovation and Translation Research Park of IIT(ISM) Dhanbad, supported by DST, will serve as the lead implementing body for hosting and developing the Satellite Observatory in India. According to Sukumar Mishra, Director, IIT(ISM) Dhanbad and Chairman, Hub Governing Board, TEXMiN, “The observatory will leverage advanced technologies...
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Govt makes import registration mandatory for certain products used in renewable energy projects

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[ad_1] The government on Friday made it mandatory for importers of certain products which are exclusively used for solar energy projects to register on the renewable energy equipment import monitoring system. These products include toughened (tempered) safety glass and photosensitive semiconductor devices, including photovoltaic cells. A similar condition will also apply for imports of certain items having end-use in the area of wind-operated electricity generation. It included towers, bearing housings, gears and gearing.The import policy conditions of these items will come into effect from November 1, the Directorate General of Foreign Trade said in a notification.Live Events It said this policy condition will apply to imports through air cargo, sea cargo and land route. In a separate notification, the DGFT said that import of Sulfadiazine API (Active Pharmaceutical Ingredient) having a CIF (cost, insurance, freight) value of less than Rs 1,774 per kg, is restricted till Septem...
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India, UK sign pact to set up joint innovation centre for telecom, commit Rs 282 cr

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[ad_1] India and the UK signed a strategic partnership at India Mobile Congress 2025 to jointly drive innovation in the digital connectivity space with an investment of 24 million pounds (about Rs 282 crore) in the next four years.The agreement was signed by the United Kingdom's Department of Science, Innovation and Technology, Deputy Director for Technology, Spectrum and Strategy division of Catherine Page and the Department of Telecom, Deputy Director General, Parag Agrawal, for setting up the India-UK Connectivity and Innovation Centre (CIC). "Our governments have made a strong commitment to the new centre. We have agreed jointly to invest 24 million pound over a period of four years to bring together the world leading innovators, researchers and telecom businesses large and small that operate in both of our countries," Page said.She said that the theme of IMC (India Mobile Congress) is "Innovate to Transform" and through the India-UK connectivity, bot...
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