India’s FDI to Colombia touches a billion dollars; trade surplus exceeds $ 730 million

Over a decade India’s FDI into Colombia has been around $ 1 billion in manufacturing and services of added value. India is an important trade and investment partner for Colombia. Despite COVID-19, in 2020-21, the total trade balance was $1.731 million. Colombia exported $795 million to India in products like oil and coking coal, wood, […]

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Biden Administration expected to continue expansion of the bilateral ties with India on concerns about China: CRS

The Biden Administration is expected to continue expansion of the bilateral partnership with India and the driving force of the relationship is concern about China’s growing economic and military power in the region, according to a Congressional report. “Many speculate that the Administration would pay more attention to India’s domestic developments, including on human rights, […]

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UK to extend quotas and tariffs on most steel imports

Britain is set to introduce new regulations to help defend its steel industry after accepting a recommendation from its newly established Trade Remedies Authority (TRA) to scrap some quotas on imports. Trade minister Liz Truss said the government only had the option of accepting or rejecting the recommendations in full, which said quotas and tariffs […]

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India’s exports to China jumped by 28% in FY 21; raw commodities form the bulk

China emerged as India’s second-largest exports destination in FY21, despite the anti-Beijing rhetoric, as the share of raw inputs or commodities in China’s imports from India rose at a brisk pace last fiscal, the Indian commerce ministry said. India’s shipments to China jumped an impressive 28% last fiscal from a year before to $21 billion, […]

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China-Europe freight-train service records over 40,000 trips: Xinhua

The China-Europe freight-train service has recorded more than 40,000 trips with transported goods valued at over $200 billion, Xinhua reported citing official data. Since the first China-Europe freight train left southwest China’s Chongqing Municipality in March 2011, the service has reached more than 160 cities in 22 European countries, according to a work conference of […]

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