International Trade

Indian rupee going global? After Russia, 35 countries show interest in INR trade settlement mechanism

India’s rupee trade settlement mechanism is a method of using INR instead of dollars and other big currencies for international transactions

Russia starts foreign trade settlements in rupee, more countries to join

The Reserve Bank of India (RBI) in July this year introduced guidelines to promote the settlement of international trade in rupee

Joe Biden slams Beijing's ‘coercive’ actions against Taiwan at East Asia Summit

The US president also said the country will speak up for the rights of people of Xinjiang, Tibet and Hong Kong

British foreign secretary Liz Truss defends AUKUS, says pact shows UK's commitment to stability in Indo-Pacific

The comment comes in the wake of France's foreign minister Jean-Yves Le Drian accusing the country of "constant opportunism"

International wildlife trade is causing over 60 percent species on Earth to go extinct

At least 100 million plants, animals are internationally trafficked each year and the trade is said to be worth between USD 4-20 billion per year.

India's sugar export may cross 5 MT this year on higher overseas demand; govt to reallocate export quota of mills: ISMA

For the current year, the government has allowed export of 6 million tonne of sugar under Maximum Admissible Export Quota (MAEQ) to help deal with the surplus sugar.

India has always been open to multilaterism; many countries are too self-focussed, says Sunil Mittal

"The last 24 months has seen countries being more concerned about their own needs with every man for himself," Mittal said at WEF 2020

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

Logistics major DHL Express warns poor infrastructure at Mumbai airport may risk $5 trillion economy target

DHL said there is only a single slot for all airfreight operators and there is no scope for expansion at the nation's second-largest airport

US advocacy group seeks India Trade Representative under Prime Minister's Office

A US-based India-centric business advocacy and the strategic group have sought establishing an India Trade Representative under the Prime Minister's Office for all international trade negotiations to be handled by one office with a focused approach