The Olympic cauldron, for the first time in Olympic history will be powered with hydrogen and will expectedly shine a new light on the opportunities for clean energy in Japan and across the planet. Hydrogen is being used for the first time to fuel the Olympic torch during its journey through Japan for Tokyo 2020, […]
The United States has temporarily waived sanctions on Iranian oil funds abroad but without returning Tehran’s access to its bank accounts in Japan and South Korea. “Allowing these funds to be used to repay exporters in these jurisdictions will make those entities whole with respect to the goods and services they exported to Iran, address a recurring […]
Commerce and Industry Minister Piyush Goyal called for a services trade agreement among friendly nations of the Indo-Pacific region as it can help liberalise domestic regulations and build capacity in sectors like e-commerce and IT. Speaking at special plenary with the trade ministers of the Indo-Pacific region, Goyal said India’s trade with select Indo-Pacific economies […]
The US and Japan have raised questions on India’s frequent ban on onion exports at the World Trade Organization (WTO), claiming that such sporadic and frequent bans without prior notification put importing countries in a difficult position. Simultaneously, in Maharashtra onion growers have also demanded that the government draft a comprehensive policy on the import […]
India has initiated a probe into alleged dumping of electrogalvanized steel, used in auto and electronics industries, from Korea, Japan, Singapore following a complaint by a domestic company. Noida (NCR) based AmericanPrecoat Speciality Pvt Ltd has filed an application before the Directorate General of Trade Remedies (DGTR) for investigation of anti-dumping duty concerning the imports […]
Five Asian countries are jeopardising global climate ambitions by investing in 80% of the world’s planned new coal plants, according to a report. Carbon Tracker, a financial thinktank, has found that China, India, Indonesia, Japan and Vietnam plan to build more than 600 coal power units, even though renewable energy is cheaper than most new […]
Even as the government chose not to renew decades-old long-term agreements (LTAs) for supplying iron ore to Japanese steel mills and South Korean major Posco upon their March expiry, state-run miner NMDC, which used to supply the ore, said it would continue to export to Japan provided it proved to be economically viable. “For the current […]
To ease the procedure for export and reduce the financial burden on producers and exporters due to multiple certifications as per regulation of various countries, APEDA has been negotiating with major organic produce importing countries for mutual recognition. Canada is in the process of designating India’s agri export promotion agency Agricultural and Processed Food Products […]
The government has not renewed a long-term agreement (LTA) for supplying iron ore to Japanese steel mills and South Korean major Posco, after the pact expired in March this year. The uncertainty over investment plans of steel mills from these countries in India is likely to be one reason. Shortage of the key raw material […]
Natural gas and coal prices have risen since the start of 2021, albeit with significant fluctuations in the first quarter. Prices have gone up by rebounding global economic activity, bouts of very cold weather in northeast Asia and the U.S., and several supply disruptions. Prices are expected to average around one-third higher in 2021 than […]
