Global Trade News
Fears over Russia’s huge fossil fuels export being interrupted has led to global oil and gas prices spiking
While the rebound this year will be stronger than expected, WTO's growth forecast states it could slow to 4 percent in 2022.
Global trade fell 3% in first quarter of 2020 due to COVID-19, downturn to accelerate in next quarter: UN
The coronavirus pandemic has led to a three percent drop in global trade in the first quarter of 2020 and this downturn is expected to accelerate in the next quarter to project a whopping quarter-on-quarter decline of 27 percent, the UN trade body has warned
Last year, ABB India hived off its power grid business and created ABB Power Products and Systems India.
IMF chief economist Gita Gopinath says a very credible challenger necessary to displace US dollar's dominance
Speaking here at a WEF 2020 session on dollar's dominance, Gopinath said historically one currency has always dominated the global trade.
Davos 2020: WTO will survive but it will look different, says Roberto Azevedo amid growing call for protectionism over free trade
Amid a growing clamour among the political class for protectionism over free trade, WTO chief Roberto Azevedo on Tuesday said at the WEF Davos summit that the global trade body would definitely survive this wave but it might look different
Piyush Goyal says tit for tat to countries discriminating against Indian companies; says that's fair by global standards
Goyal said it was the Narendra Modi government's policy that if Indian companies are not allowed to do business or opportunities emerging in any country, the government would not allow them to participate in India
Trade pacts losing relevance, protectionism is becoming driving force of contemporary global treaties
The US Secretary of State Mike Pompeo’s recent visit to India prior to G-20 shows the latest challenge of foreign trade treaties.
Slowdown in global trade adversely affects economic growth: Commerce and Industry Minister Piyush Goyal
Slowdown in global trade and investment is of serious concern as it adversely affects economic growth, development and job creation, Commerce and Industry Minister Piyush Goyal has said
Rising protectionism, commodity prices, inadequate liquidity are major challenges for exporters: FIEO
Sahai said that the other two challenges include fluctuation in commodity prices and inadequate availability of credit as banks are not coming forward to lend exporters.
Global trade will continue to face strong headwinds in 2019-20 on increased economic uncertainty: WTO
World Trade Organisation (WTO) statement came at a time when India is taking various steps to boost exports. The slowdown in global trade could impact India's exports.
China-backed trade deal that excludes US to take centre stage at ASEAN Summit as Donald Trump skips conference
World leaders will push for the rapid completion of a massive, China-backed trade deal that excludes the US at a summit this week, in a rebuke to rising protectionism and Donald Trump's "America First" agenda.
Reuters polls of economists, foreign exchange analysts, bond market and equity market strategists in recent months have raised alarm bells and the US government bond market is also close to flashing a recessionary signal.
Arvind Subramanian calls his stint as chief economic advisor 'best job I ever had and probably ever will'
Subramanian’s departure comes at a time when the government is grappling with economic woes stemming from a soaring oil import bill, state banks saddled with a mountain of debt and sluggish private investment.
India is set to become a $5 trillion economy by 2025, Economic Affairs Secretary Subhash Chandra Garg said
The world is facing serious challenges as the US is taking protectionist measures and India needs to explore ways to boost exports, Commerce Minister Suresh Prabhu on Friday said
WTO Delhi ministerial summit does little to lift sense of doom as global trade protectionism makes deadly comeback
On the face of it, it appears that the Union Minister of Commerce and Industry Suresh Prabhu has failed miserably to revive the WTO.
A new industrial policy is in the works aimed at reducing regulations and promoting modernisation of existing industry
WTO ministerial meeting ends in stalemate after US criticism, member vetoes; no multilateral outcomes achieved
Driven by President Donald Trump’s “America First” strategy and a preference for bilateral deals, the United States had already blocked ambassadors from drafting a ministerial text in Geneva that included references to the centrality of the global trading system and to trade as a driver of development.
Sitaram Yechury praises Xi Jinping's leadership, says Congress of CPC will be milestone in China's development
Sitaram Yechury has praised China's achievements made under the leadership of President Xi Jinping