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, […]
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, […]
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 […]
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, […]
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 […]
A group of over 30 US trade associations sent a letter to President Joe Biden, requesting an end to the Section 232 steel and aluminum tariffs and quotas on trade allies. “The tariffs, intended to help the steel and aluminum producing industries, imposed substantial costs on a much broader segment of the US economy,” the […]
China’s imports and exports grew again in May, but at a slower pace than last month, with overall trade in the first five months of this year totalling $2.27 trillion, latest data released on Monday showed. Exports grew 28% in dollar terms year on year in May, according to the General Administration of Customs, as […]
India’s earnings from export of shrimps is expected to dart up 20% on-year to about $4.3 billion in calendar 2021, driven by a revival in demand and restoration of supply chains that were disrupted last year by the Covid-19 pandemic, ratings agency CRISIL said. That should help India wrest global leadership in shrimp exports after […]
China’s logistics industry has basically returned to pre-pandemic level thanks to steady growth continuing in April, industrial data showed, the official Xinhua news agency reported. The value of the country’s social logistics reached 97.4 trillion yuan (about $15.25 trillion) in the first four months of this year, up 20 percent year on year, it quoted […]
The Council of Palm Oil Producing Countries (CPOPC) has expressed its disappointment over Belgium’s notification to the European Commission that it proposes a ban on palm oil as a renewable source of biofuel in the near future, and said the move could be a step back in ties between ASEAN and the European Union. The […]
