Global Trade News - Latest Updates & Headlines
BOK warns of high uncertainty regarding inflationary pressure
Seoul, March 6: Uncertainties remain high regarding prices, given geopolitical issues and trade conflicts among major nations, the central bank here said on Thursday.
Foolish endeavour, will disturb trade structure: Foreign Affairs experts on Trump's reciprocal tariffs on India
New Delhi March 5: The foreign affairs experts have criticised the decision of Donald Trump administration to impose reciprocal tariffs on India, while pointing that the move is a matter of 'concern' for the whole world and will end up disturbing the trade structure.
India's auto component exports can hit $100 billion amid changing global trade dynamics
New Delhi, March 4: India's auto component industry can target $100 billion in exports, as global original equipment manufacturers (OEMs) reassess their supply chains and manufacturing strategies, presenting India with an optimal opportunity to establish itself as a top global destination, according to a report on Tuesday.
Kia CEO expresses confidence in new opportunities despite global trade risks
Seoul, March 4: Song Ho-sung, president and chief executive officer (CEO) of Kia, on Tuesday expressed confidence in turning increasing global trade and business uncertainties for the South Korean automaker into opportunities for further growth.
Trade policies of major economies influencing global economic outlook: CEA Nageswaran
New Delhi, February 28: The near-term global economic outlook is influenced by trade policies of major economies amid a slowing disinflation, said Chief Economic Adviser Anantha Nageswaran said on Friday, soon after the GDP figures for October-December were released.
India toy exports poised to capture bigger share of global pie: Report
New Delhi, Feb 28: India's fast-growing toy industry is poised to capture a larger share of the global toy market, which is estimated to reach $179.4 billion by 2032, according to a report by Punjab National Bank (PNB).
Preparation for GIS at final stage, guests list being finalised: MP govt
Bhopal, Feb 20: Preparations for the Global Investors Summit (GIS)-2025 are in the final stage and the list of guests will be participating is being finalised, the Madhya Pradesh government said in statement on Thursday.
India poised to stay world's fastest growing economy in 2025-26: RBI bulletin
Mumbai, Feb 20: High frequency indicators point towards a sequential pick-up in momentum of India's economic activity during the second half of 2024-25, which is likely to sustain moving forward, according to the latest RBI monthly bulletin.
India aims to triple its textile exports to Rs 9 lakh crore by 2030
New Delhi, Feb 19: India's textile exports have reached Rs 3 lakh crore and the goal is to triple this to Rs 9 lakh crore by 2030 by strengthening domestic manufacturing and expanding global reach, the government has said.
Mohammed bin Rashid visits Gulfood 2025
Dubai, February 17: Mohammed bin Rashid Al Maktoum, Vice President and Prime Minister of the UAE and Ruler of Dubai, today visited Gulfood 2025, the largest edition of the event to date, featuring 4,595 exhibitors from 106 countries.
Bharat Tex becoming a strong platform for engagement, collaboration and partnership for industry leaders from across the world: PM
New Delhi, February 16: Prime Minister Narendra Modi, while addressing the Bharat Tex 2025 on Sunday, highlighted how the exhibition is becoming a strong platform for engagement, collaboration and partnership for the policymakers, CEOs and industry leaders from across the world, lauding the efforts of all the stakeholders involved in the organization of the event.
Indian stock market opens lower, Nifty below 22,850
Mumbai, Feb 17: The Indian benchmark indices opened lower on Monday amid mixed global cues as selling was seen in auto, IT and PSU bank sectors in the early trade, as the upcoming reciprocal trade tariffs announced by the US government stayed on top of the investors’ mind.
Our target is three-fold increase in textile exports to Rs 9 lakh crore by 2030: PM Modi
New Delhi, February 16: Prime Minister Narendra Modi said on Sunday that India's textile exports have reached Rs three lakh crore and the target is to take it to Rs 9 lakh crore by 2030.
PM Modi visits exhibition at Bharat Tex 2025, interacts with participants
New Delhi, February 16: Prime Minister Narendra Modi visited an exhibition at the Bharat Tex 2025 on Sunday.
Bharat Tex 2025 kicks off at Bharat Mandapam, ministers Giriraj Singh, Pabitra Margherita participate
New Delhi, February 14: Bharat Tex 2025 kicked off Friday at Bharat Mandapam. Organized by the consortium of 12 Textile Export Promotion Councils and supported by the Ministry of Textiles, this main event is being held from February 14-17.
Firms in 10 major manufacturing sectors to invest $81.8 billion in 2025
Seoul, Feb 12: South Korean companies in 10 key manufacturing sectors, including the semiconductor industry, plan to invest a combined 119 trillion won ($81.8 billion) this year to foster sustainable growth, the industry ministry here said on Wednesday.
Stock market opens lower as Trump announces steep tariffs on steel, aluminium
Mumbai, Feb 11: The domestic benchmark indices opened lower on Tuesday, as US President Donald Trump formally announced plans to impose 25 per cent tariffs on all steel and aluminium imports coming into the United States "without exceptions or exemptions”.
Bold reforms, leadership in global trade key for Viksit Bharat by 2047: Govt
New Delhi, Feb 7: Bold reforms and a leadership role in global trade are crucial for achieving Viksit Bharat by 2047, according to experts from the government.
EU will safeguard economic security amid rising sanctions and tariffs: Von der Leyen
Brussels, February 5: European Commission President Ursula von der Leyen on Tuesday spoke about the growing use of economic coercion -- such as sanctions, export controls, and tariffs and reaffirmed Europe's commitment to safeguarding its economic security.
Tokyo stocks plunge over US tariff concerns
Tokyo, Feb 3: Tokyo stocks plunged on Monday as concerns over the impact of US tariffs on the global economy led to a broad sell-off, particularly in auto stocks.
Nifty, Sensex bleed amid Trump tariff on China, Canada, and Mexico
Mumbai, February 3: Indian stock markets bled in the opening session on Monday amid the imposition of tariffs by US President Donald Trump on China, Canada, and Mexico.
Dubai International Chamber attracts 207 companies in 2024
Dubai, February 2: Dubai International Chamber, one of the three chambers operating under the umbrella of Dubai Chambers, continued to attract foreign direct investment (FDI) to the emirate and support the expansion of local companies into new international markets throughout 2024.
India must continue to reduce trade costs and improve facilitation to remain competitive globally: Eco Survey
New Delhi, January 31: The Economic Survey 2024-25 has emphasized the need for India to remain competitive in global markets by reducing trade costs and improving trade facilitation.
India will have to rely on domestic growth drivers: CEA Nageswaran
New Delhi, Jan 31: India's Chief Economic Advisor V. Anantha Nageswaran said on Friday that the country will have to rely on domestic growth drivers as "the era of globalisation, faster and larger movement of trade and goods and services is behind us".
India a bright spot in global manufacturing despite persistent geo-political tensions: Eco Survey
New Delhi, Jan 31: India remains a bright spot on the global manufacturing map despite persistent geopolitical tensions, aggressive industrial and trade policies, supply chain disruptions and global trade slowdown, and fostering R&D investments, and innovations enhancing the growth and formalisation of smaller manufacturers will further drive growth across various sectors, the Economic Survey 2024-25 said on Friday.
De-dollarisation: President Trump threatens BRICS with 100 pc tariffs
New Delhi, Jan 31: Expressing his stance against de-dollarisation vehemently on Friday, Donald Trump warned BRICS nations and threatened them with 100 per cent tariffs on their exports if they try to replace the US dollar as the main currency in global trade.
Sensex, Nifty slide over 1 pc amid weak global cues, US trade uncertainties
Mumbai, Jan 27: Indian equity markets witnessed a sharp decline on Monday amid weak global cues and uncertainties over US trade policies which dampened domestic investors’ sentiment.
3 South Korean shipbuilders rank among top 10 in global new orders
Seoul, Jan 26: Three South Korean shipbuilders were on the list of the world's top 10 companies by new global orders in 2024, while the remaining seven spots were claimed by Chinese shipyards, industry data showed on Sunday.
Trump 2.0 shifts towards balanced trade policies from aggressive tariffs: Report
New Delhi, January 25: As Donald Trump begins his second term as the President of the United States, his administration appears poised to take a more balanced approach to trade policies, according to a report by YES Securities.
South Korea's arms exports expected to rebound this year
Seoul, Jan 25: South Korea's arms industry exports may rebound this year after a slip for a second consecutive year, with its annual target set at over at least $20 billion, officials said on Saturday.
US President Donald Trump to address World Economic Forum virtually on Thursday
Davos, January 23: US President Donald Trump is scheduled to address the World Economic Forum's (WEF) Annual Meeting 2025 virtually on Thursday at 10:15 PM IST.
WEF 2025: European Commission chief Ursula says top team to visit India to boost ties
Davos, Jan 21: European Commission President Ursula von der Leyen said on Tuesday that the first trip of her new team will be to India to boost ties with the world's largest democracy which has succeeded in lifting millions of people out of poverty.
India becomes 7th-largest coffee producer globally, exports soar to USD 1.29 billion in FY 2023-24
New Delhi, January 20: India is now the seventh-largest coffee producer globally with exports reaching USD 1.29 billion in financial year (FY) 2023-24, almost double the USD 719.42 million in 2020-21, the Ministry of Commerce and Industry stated in release.
Trump tariff hikes on Chinese goods may hit Indian exporters: Crisil Report
New Delhi, January 17: Trade restrictions planned by the incoming US President Donald Trump could lead to aggressive exports by China to other Asian markets, including India, according to a report by Crisil.
India set to redefine global trade at 6.4 pc CAGR over next decade: Report
New Delhi, Jan 13: India is poised to redefine its role in global trade, with a projected compound annual growth rate (CAGR) of 6.4 per cent in trade over the next decade, roughly in line with its high GDP growth, according to a report on Monday.
India's diaspora key to globalisation, says EAM Jaishankar at Pravasi Bharatiya Divas
Bhubaneshwar, January 8: At the Joint Business Session held on the sidelines of the 18th Pravasi Bharatiya Divas, External Affairs Minister S Jaishankar highlighted the significant economic potential of Odisha and its role in India's global growth.
India's share of global trade in textiles and apparel stand at 3.9 per cent
New Delhi, January 2: India is now the 6th largest exporter of textiles and apparel in the world, with a global trade share of 3.9 per cent. The sector holds a significant 8.21 per cent of India's total exports, underlining the country's crucial role in the global textile supply chain.