GAGA B2B - CONNECTING IMPORTERS AND EXPORTERS

[ad_1] India has cautioned against weaponising export-related measures or misusing them to create artificial scarcity, distort markets or disrupt supply chains at a meeting of the Shanghai Cooperation Organisation (SCO), the government said Sunday.New Delhi made this statement at the SCO trade ministers' meeting in Vladivostok, Russia on September 6 and emphasised that calibrated and transparent use of these steps is essential to maintain trust in international commerce.Underlining the need for an open, fair, inclusive and non-discriminatory multilateral trading system with the World Trade Organization (WTO) at its core, India highlighted the importance of a development-centred agenda that includes a permanent solution on public stockholding for food security purposes, effective special & differential treatment for developing countries and restoration of a fully functional two-tier WTO dispute settlement system.With the SCO accounting for 42% of the world's populatio...

[ad_1] The 13th round of the India-EU free trade agreement (FTA) negotiations will be held in New Delhi starting Monday. European Commissioner for Trade and Economic Security, Maroš Šefcovic, is also expected to visit India later this week as both sides attempt to finalize the trade pact by the end of the year. ET takes a look:Add 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/et-graphics-india-eu-to-hold-13th-round-of-fta-talks-in-delhi-pact-likely-by-year-end/?feed_id=3130&_unique_id=68be33f591094

[ad_1] Despite global uncertainties, exports of major textile commodities increased 5.37 per cent to USD 3.10 billion in July 2025 compared to USD 2.94 billion in the year-ago period, the government said on Wednesday.Despite global uncertainties, India's textile exports continue to chart a positive growth trajectory, reaffirming the sector's role as a key driver of employment, exports, and economic growth, the Textile Ministry said.India's textile and apparel sector has continued to demonstrate resilience in July 2025, recording a steady growth trajectory.As per quick estimates released by the Directorate General of Commercial Intelligence & Statistics (DGCIS) for the period April-July 2025, cumulative textile exports rose 3.87 per cent to USD 12.18 billion against USD 11.73 billion a year ago.The total exports of the six major textile commodity groups crossed USD 3.1 billion in July 2025, showing resilience against mixed global trade conditions. Sustained demand...

[ad_1] S. Jaishankar, Union Minister of External Affairs, while giving his opening remarks at the 26th Session of the India-Russia Intergovernmental Commission, said that the two nations need to work on reducing trade imbalance urgently. "Over the last four years, our bilateral trade in goods has increased, as you have noted, more than five-fold from USD 13 billion in 2021 to USD 68 billion in 2024-25 and it continues to grow. However, a major trade imbalance has accompanied the growth; it has increased from USD 6.6 billion to USD 58.9 billion which is about nine times. So we need to address that urgently," said the External Affairs Minister.The development comes amid strain in India's ties with the US over New Delhi's procurement of crude oil from Russia.Ties between Washington and New Delhi faced fresh strain on the trade front, as government sources confirmed that the US team would not travel to India for the sixth round of bilateral trade negotiations sched...

[ad_1] Despite global uncertainties, exports of major textile commodities increased 5.37% to $3.1 billion in July 2025 compared to $2.94 billion in the year-ago period, the government said Wednesday.“Despite global uncertainties, India’s textile exports continue to chart a positive growth trajectory, reaffirming the sector’s role as a key driver of employment, exports, and economic growth,” the textile ministry said in a statement.India’s textile and apparel sector has continued to demonstrate resilience in July, recording a steady growth trajectory, it added.For the period April–July 2025, cumulative textile exports were $12.18 billion, reflecting a growth of 3.87% over the same period last year.Total exports of the six major textile commodity groups-readymade garments, cotton textiles, manmade fibre textiles jute, carpets, and handicraftsLive Eventscrossed $3.1 billion in July 2025, showing resilience against mixed global trade conditions.Add as a Reliable and Trusted News So...

[ad_1] New Delhi: India and the Russia-led Eurasian Economic Union (EAEU) on Wednesday signed the Terms of Reference (ToR) in Moscow to launch negotiations on a Free Trade Agreement (FTA), even as the US slapped 50% tariffs on Indian imports - half of them penal duties for buying oil from Russia.The EAEU comprises Russia, Armenia, Belarus, Kazakhstan and Kyrgyz Republic."With a combined GDP of $6.5 trillion, the proposed FTA is expected to expand market access for Indian exporters, support diversification into new sectors and geographies, enhance competitiveness against non-market economies, and deliver significant benefits to micro, small and medium enterprises (MSMEs)," the commerce and industry ministry said in a statement.The ToR was signed during external affairs minister S Jaishankar's ongoing visit to Moscow. It provides the framework for negotiations and is expected to unlock untapped trade potential, increase investments and build a stronger, durable India...

[ad_1] New Delhi: Russia wants to increase bilateral trade with India and is willing to purchase more goods if those are diverted due to US tariff policies. Russia continues to be India's biggest source of crude.Addressing a select media gathering here on Wednesday in the backdrop of the US tariffs, Alaska Summit and the external affairs minister's Moscow visit, Roman Babushkin, Charge d'Affairs of the Russian Embassy in India, said US' pressure on India over the latter's procurement of Russian crude oil was "unjustified" and "unilateral"."We don't expect that to happen (India to stop buying oil from Russia). We know about the challenging circumstances for India. This is the true strategic partnership we are enjoying. Whatever happens, even during challenges, we are committed to removing any problems," he said.The discounts provided on Russian oil is attractive and Indian imports of Russian crude are being maintained at the s...