India’s seafood sector is likely to take a hit with US department of commerce (USDOC) hiking the anti-dumping duty on shrimp exports from India by more than 100%. USDOC issued the final results of the fifteenth administrative review of the anti-dumping duty order on frozen warm-water shrimp from India by fixing an anti-dumping duty rate […]
India and the US agreed to ensure greater market access in certain farm commodities after a gap of four years to provide a fresh impetus to bilateral trade. Both commerce and industry minister Piyush Goyal and US trade representative Katherine Tai, also agreed to pursue a social security totalisation agreement. A totalisation agreement removes dual […]
As reported yesterday, India plans to release about 5 million barrels of crude oil from its emergency stockpile in tandem with the US, Japan and other major economies to cool international oil prices. This is the first time ever that India, which stores 5.33 million tonnes or about 38 million barrels of crude oil in […]
Governments from some of the world’s biggest economies said last week they were planning to release oil from their strategic reserves, following a rare request from the United States for a coordinated move to cool global energy prices and ahead of a meeting of major oil producing countries. The Biden administration has asked big oil […]
India will push for a permanent solution to the issue of public stockholding for food security purposes at the four-day ministerial meeting of the World Trade Organisation (WTO) in Geneva, starting from November 30. It will also seek a special safeguard mechanism (SSM), along the lines of the one available to developed countries, to protect […]
India is looking at reciprocal and equitable access to foreign markets through free trade agreements, which the country is negotiating with its trading partners, Commerce and Industry Minister Piyush Goyal said. India is, at present, negotiating free trade agreements (FTAs) with countries like UAE, the UK, and Australia. Under a free trade agreement, two trading […]
Twenty-eight countries have joined an international alliance dedicated to phasing out coal, but the world’s biggest polluters are not among them. The new members of the Powering Past Coal Alliance (PPCA), which include Ukraine, Poland and Singapore, bring the total number of national governments involved to fortyeight. However, China, India and the United States, the […]
India’s economy will become carbon neutral by the year 2070, said prime minister, Narendra Modi at the COP26 climate crisis summit in Glasgow. However, the target date is two decades beyond what scientists say is needed to avert catastrophic climate impacts. Scientists have said the world needs to halve global emissions by 2030 and reach […]
The next ministerial meeting of the World Trade Organization (WTO) will likely consider a raft of critical issues, such as fishery subsidies, WTO reforms, public procurement programmes for food security and the multilateral body’s response to the Covid-19 crisis, including the fate of a patent waiver proposal floated by India and South Africa to better […]
Oil prices hit multi-year highs, buoyed by recovering demand and high natural gas and coal prices encouraging users to switch to fuel oil and diesel for power generation Brent crude oil futures were up 13 cents, or 0.15 per cent, to $84.73 a barrel, after hitting $86.04 a barrel, highest since October 2018. US West Texas Intermediate […]
