Articles for Billion Trade

Gold googly bamboozles import data
1 day ago

Gold googly bamboozles import data

The Hindu  

In what may constitute the steepest revision in India’s trade data in recent times, the Centre has revised India’s import bill for November 2024 by almost six billion dollars to $63.86 billion from the record tally of $70 billion reported as quick estimates by the Commerce Ministry last month, led by a sharp $5 billion downward revision in gold imports. …

India Revision Billion Bill Gold Googly Bamboozles Import
Rahul Gandhi takes aim at BJP over trade deficit: ‘Govt prioritises crony businesses’
3 weeks, 1 day ago

Rahul Gandhi takes aim at BJP over trade deficit: ‘Govt prioritises crony businesses’

Hindustan Times  

Rahul Gandhi slammed the Narendra Modi-led BJP government for ‘prioritising crony capitalism over fair play’ and said that it leads to weakened manufacturing sector, depreciating currency, record high trade deficits, high interest rates, falling consumption and soaring inflation. Tagging a media report which said that trade deficit and imports are at an all-time high, the Leader of Opposition in Lok …

Imports Trade Deficit High Rahul Gandhi Deficit Billion Trade
Trade shocker: On November’s trade estimates
Trending News
3 weeks, 1 day ago

Trade shocker: On November’s trade estimates

The Hindu  

This October’s foreign trade numbers had offered a sliver of hope for India’s generally weak export story over the past couple of years, as goods exports grew at a 28-month high pace of 17.2%. As in August, November’s import bill spike was led by gold imports that jumped 331.5% from last November to a whopping $14.9 billion. Gems and jewellery …

India Trade Exports Imports High Billion Import
Farmers voice concern over possible tariffs
4 months ago

Farmers voice concern over possible tariffs

China Daily  

From the vast, fertile fields of Iowa and Illinois and several other farming states, US farmers used 30 million hectares of farmland to generate more than 48 million metric tons of soybean exports last year, worth $27.8 billion worldwide, according to the United States Department of Agriculture, or USDA. In the run-up to the 2024 US general election, the $124 …

China War Trade Farmers Trump China Daily Billion
Roll out a red carpet for Chinese investment—but cautiously
5 months ago

Roll out a red carpet for Chinese investment—but cautiously

Live Mint  

In 2021-22, India received its highest foreign direct investment inflow of $84 billion. Globally, one of the biggest FDI sources is China, which last year alone poured $148 billion into other economies, the world’s third highest, at a time when global aggregate FDI flows were falling. Of the cumulative FDI received since 2000, India approved only $2.5 billion from China, …

India China National Security Billion Chinese Investment Fdi Trade Growth
China’s exports grow 8.6% in June, beating forecasts despite trade tensions
5 months, 4 weeks ago

China’s exports grow 8.6% in June, beating forecasts despite trade tensions

Associated Press  

HONG KONG — China’s exports beat forecasts in June, customs data showed Friday, while imports grew less than expected. Exports grew 8.6% from the same time last year to hit $307.8 billion, according to data released by Chinese customs, beating estimates of about 7.4% to 8% growth. China’s strong exports for June led to its trade surplus widening to $99 …

Europe China Exports Chinese Grow
US trade sanctions on China can affect multilateralism
7 months ago

US trade sanctions on China can affect multilateralism

Hindustan Times  

The United States -China trade war has escalated from the US banning Chinese apps to targeting domestic companies having close ties with the Chinese government. Recent anti-China legislation under the Biden administration indicates increasing economic hostility to counter Chinese trade practices on the grounds of a threat to US national security. US President Joe Biden The anti-China trade policy aims …

Global India International China Foreign Policy Companies Biden
Rupee edges up one paisa to 83.50 against U.S. dollar
7 months, 3 weeks ago

Rupee edges up one paisa to 83.50 against U.S. dollar

The Hindu  

The Rupee inched up one paisa to settle at 83.50 against the U.S. dollar on May 15 as the American currency retreated from its elevated level. "We expect the Rupee to trade with a slight negative bias on the weak U.S. Dollar and expectations that the U.S. Dollar may rise again if inflation remains sticky and retail sales jumps," Mr. …

India Trade Fii Rupee Dollar Choudhary One Paisa
Apparel manufacturers hold meeting in New Delhi, discuss measures to increase exports to $40 billion by 2030
8 months ago

Apparel manufacturers hold meeting in New Delhi, discuss measures to increase exports to $40 billion by 2030

The Hindu  

The Apparel Export Promotion Council held a meeting in New Delhi recently with buying agencies and liaison officers of overseas brands, to discuss efforts to increase Indian garment exports to USD 40 billion by 2030. Free trade agreements signed by India with Mauritius and Australia are paying dividends, as readymade garment exports to these countries in April - February of …

India Indian Exports
India, Nigeria to increase cooperation in energy, UPI, local currency settlement to enhance economic ties
8 months ago

India, Nigeria to increase cooperation in energy, UPI, local currency settlement to enhance economic ties

The Hindu  

India and Nigeria have identified areas such as crude oil, natural gas, pharmaceuticals, Unified Payments Interface, local currency settlement system, and power sector to increase cooperation for boosting economic ties. The commerce ministry on May 3 said that these issues among others were discussed during a recent visit of a seven-member delegation from India to Nigeria. "These include resolving of …

India Nigeria Upi Economic Ties Local Currency Settlement
Italy reportedly drops out of China Belt and Road initiative that failed to deliver
1 year, 1 month ago

Italy reportedly drops out of China Belt and Road initiative that failed to deliver

Associated Press  

MILAN — Italy has formally withdrawn from China’s global Belt and Road initiative that seeks to deepen relations with foreign countries through infrastructure investments, Italian media reported on Wednesday. Italy became the first G7 country to sign on to the initiative in 2019, when the populist, anti-establishment Five Star Movement party-led government promoted it as a way of increasing trade …

Italy China Italian Road Chinese Belt Meloni
Qingdao foreign trade sees significant growth from January to October
1 year, 1 month ago

Qingdao foreign trade sees significant growth from January to October

China Daily  

The import and export volume of Qingdao, a coastal city in East China's Shandong province, reached 733.53 billion yuan in the first 10 months of this year, a year-on-year increase of 7 percent, which was 6.97 and 4.2 percentage points higher than that of the country and the province, according to statistics from Qingdao Customs. Specifically, exports reached 396.59 billion …

Billion Yuan Qingdao Export Increase Province Import
A look at Canada and India and their relationship, by the numbers
1 year, 3 months ago

A look at Canada and India and their relationship, by the numbers

Associated Press  

Tensions between Canada and India have escalated over the assassination of a Sikh independence advocate in June. Canadian Prime Minister Justin Trudeau said his country was investigating credible allegations that Indian government agents were connected to the assassination of Hardeep Singh Nijjar, but India has rejected the allegations as absurd. India has long demanded that Canada take action against the …

India Canada Indian Sikh Canadian
Shandong issues 255,000 RCEP certificates of origin
1 year, 4 months ago

Shandong issues 255,000 RCEP certificates of origin

China Daily  

By the end of July, East China's Shandong province had issued 255,000 certificates of origin under the Regional Comprehensive Economic Partnership, ranking it first in the country by this metric. The certificates involved 67.61 billion yuan of exported goods, and local enterprises can enjoy tariff concessions of nearly 700 million yuan in destination countries. Increasing numbers of foreign trade enterprises …

Shandong Rcep
Shandong sees trade with BRICS countries rise
1 year, 4 months ago

Shandong sees trade with BRICS countries rise

China Daily  

Uploaded containers are seen at Qingdao Port in Shandong province on Jan 9, 2023. According to statistics provided by Qingdao Customs, since the official launch of the BRICS cooperation mechanism in 2009, Shandong's trade volume with the other four members - Russia, India, Brazil and South Africa - has grown at an average annual rate of 13.1 percent. In the …

Trade Brics Countries Shandong Brics Countries Other Brics Countries
Chongzuo achieves eye-catching results in 2 decades
1 year, 4 months ago

Chongzuo achieves eye-catching results in 2 decades

China Daily  

Chongzuo, located in the border area of Guangxi Zhuang autonomous region, celebrated the 20th anniversary of its establishment on Aug 6. Local officials announced that Chongzuo will leverage its advantageous location as a border city to develop an industrial cooperation zone targeting the ASEAN market. The city has ranked first in Guangxi for 14 consecutive years in terms of total …

China City Chongzuo
India imposes import restrictions on certain gold jewellery, articles due to THIS reason
1 year, 5 months ago

India imposes import restrictions on certain gold jewellery, articles due to THIS reason

India TV News  

The government on Wednesday imposed import restrictions on certain gold jewellery and articles, a move which would help cut the import of non-essential items and contain the trade deficit. Imports of pearls, precious and semi-precious stones dipped by 25.36 per cent to about USD 4 billion during April-May this fiscal. Overall merchandise imports during April-May this fiscal declined 10.24 per …

Gold Usd Import Certain Gold Jewellery
Have India, Russia suspended negotiations to settle trade in rupees?
1 year, 8 months ago

Have India, Russia suspended negotiations to settle trade in rupees?

Live Mint  

Russian officials have rubbished claims about a suspension of rupee trade talks, dubbing it “wishful thinking” by western media. India and Russia have now been engaged in talks for a rupee trade settlement mechanism for over a year. Meanwhile a Reuters report cited Indian government officials to say that Russia was not comfortable holding rupees and wanted to be paid …

India Trade Russia Rupee
As the Ukraine war grinds on, Russia, India seek ways to keep defence trade afloat
1 year, 8 months ago

As the Ukraine war grinds on, Russia, India seek ways to keep defence trade afloat

The Hindu  

A year after the Ukraine war began, there are growing speculations about the ability of Russia, hit by heavy western sanctions and faced with dwindling exports, to continue tosupply defence systems to India, one of its most important defence customers. “The two sides agreed to work together to unlock the full potential of India-Russia bilateral trade and economic relations, including …

India Trade Ukraine Sanctions Indian Weapons Exports
U.K. parliamentary delegation to discuss trade, research ties in India
1 year, 9 months ago

U.K. parliamentary delegation to discuss trade, research ties in India

The Hindu  

A British parliamentary delegation made up of India All Party Parliamentary Group will arrive in New Delhi on April 9 for a four-city tour to explore two-way trade and research and development collaborations. “As President of the All-Party Parliamentary Group on India, I am delighted to be co-leading this delegation,” said Ms. Verma. With a stated goal to promote trade …

India Trade Indian British Delegation Fta Parliamentary
India, U.K. trade ministers review progress of FTA talks
2 years ago

India, U.K. trade ministers review progress of FTA talks

The Hindu  

Commerce and Industry Minister Piyush Goyal and his U.K. counterpart Kemi Badenoch on Tuesday reviewed the progress of talks for the proposed free trade agreement between the nations, an official said. The U.K. Trade Secretary is here to kickstart the sixth round of free trade agreement negotiations and hold bilateral talks with Mr. Goyal. Reduction or elimination of customs duty …

India Trade Indian Talks Billion Fta
India’s merchandise imports from three of top 10 trade partners dip
2 years, 1 month ago

India’s merchandise imports from three of top 10 trade partners dip

Hindustan Times  

New Delhi: India’s merchandise imports from three out of top 10 trade partners contracted year-on-year in October – about 10% from China at $7.8 billion, nearly 5% with the US to $3.5 billion and 31% from Australia at $1.3 billion – although inbound shipments from Russia surged over 441% at over $3.8 billion, mainly due to energy imports. India’s merchandise …

India Growth China Russia Australia Oil Imports
Amazon beats a retreat as India’s ONDC broadens its horizons
2 years, 1 month ago

Amazon beats a retreat as India’s ONDC broadens its horizons

The Hindu  

Amazon is reworking its plans. In January 2020, at a conference in New Delhi, then Amazon CEO Jeff Bezos, and head of Amazon India, Amit Agarwal, said the retail giant will pump in a billion dollars to help the country’s small and medium-sized businesses. Amazon’s shift in investment and retreat from wholesale distribution comes at a time when India’s own …

India Amazon Network Service Ondc
China trade down on weak global demand, virus curbs
2 years, 2 months ago

China trade down on weak global demand, virus curbs

Associated Press  

BEIJING — China’s trade shrank in October as global demand weakened and anti-virus controls weighed on domestic consumer spending. China’s global trade surplus edged up 0.9% from a year earlier to $85.2 billion. Exports to the United States rose 35.3% over a year earlier to $47 billion despite lingering tariff hikes in a trade war over Beijing’s technology ambitions. China’s …

Europe China Trade Demand Beijing Billion Global Demand