Addressing a session on EU-India Collaborative Economic Growth, commerce and industry minister Piyush Goyal said India is hopeful of working a Free Trade Agreement (FTA) with the EU, “possibly starting with a preferential trade agreement for an early harvest to get faster outcomes”, an official statement said. A preferential trade agreement with the EU will […]
The fall in global gas prices due to higher production and coronavirus-induced low demand, CARE Ratings has said that the Union government will cut the price of domestic gas by a sharp 17.7 per cent to $1.97 per million British thermal units (mmBtu). The new price will be effective for six months starting 1 October, […]
Proposing a bilateral free trade agreement, Commerce and Industry Minister Piyush Goyal said India was open to discussing import of scotch whiskey from the UK in large quantity. “I was hoping that that would have … excited the British team. I had said that I am open to discussing import of scotch whiskey into India also in larger […]
China’s state-owned giant China National Petroleum Corporation (CNPC) is in advanced talks to buy a 10 per cent stake in a giant natural gas field in Oman from BP in a deal that could be worth $1.5 billion, Bloomberg reported . BP, which has had an upstream presence in Oman since 2007, holds 60 per cent in the Khazzan […]
Tata Steel Ltd. has proposed that the U.K. government invest more than 900 million pounds ($1.2 billion) to take a stake in its British operations and protect the Port Talbot steelworks in Wales, Sky News reported. Under the plan, the British taxpayers (state) would control a stake of as much as 50 per cent in Britain’s […]
India and the UK are committed to deepen trade relations, paving the way for expedited talks on a proposed Free Trade Agreement (FTA). During the 14th Joint Economic and Trade Committee (JETCO) between Commerce and Industry Minister Piyush Goyal and the UK’s International Trade Minister Ranil Jayawardena and International Trade Secretary Liz Truss, both nations have decided […]
India’s tea output fell by 54 per cent from a year earlier in April 2020 to 39.02 million kilograms as lockdown restrictions reduced plucking in the top producing north-eastern state of Assam, the state-run Tea Board of India said. For Assam alone, output in April 2020 plunged by 76 per cent from a year ago to 10.99 million […]
Wheat production in EU 27 and the United Kingdom is estimated to be down two million metric tonnes (mmt), the U.S. Department of Agriculture said in its latest global forecast, falling to 141 mmt — down one percent from last month and nine percent below last year. The production is estimated to be down six […]
UK-based MEPS forecasts that global crude steel production will fall to 1.8 billion tonnes, in 2020. This equates to a reduction of 75 million tonnes, compared with the figure recorded in the previous year. Early indications suggested that 2020 would be a year of modest economic recovery. Activity had been trending downwards since the zenith […]
Recently in Netherlands and Denmark farmers dumped and destroyed tonnes of orchids for lack of exports and buyers. The orchid season of the Dutch countries is all but over, thanks to COVID-19. In India too, roses seem to have lost their charm and fragrance, at least for growers in Maval region of Maharashtra who are […]
