1.   

BRICS nations to deepen trade ties

Chen Deming (second right), China's minister of commerce, attends the BRICS Summit Forum in New Delhi on March 28 along with his counterparts from Brazil, Russia, India and South Africa. Five countries are also expected to speed up development bank launch BRICS countries should intensify trade ties and speed up cooperation on setting up the BRICS Development Bank, as they become a main driver of the global economy in 2013, officials and experts said.

2.   

India ranked as the world’s 19th biggest exporter in merchandise trade

India is the world's 19th biggest exporter in merchandise trade surpassing countries like Australia, Brazil, Switzerland and Sweden, according to the recent classification done by the World Trade Organisation (WTO) Secretariat for 2011. A report released by WTO Secretariat said India exported of USD 297 billion in merchandise trade. The figures were released on the sidelines of the announcement of the 27th International Autumn Trade Fair (IATF2012), which will be held here from 11-13 December.

3.   

Australia explores tie-ups in Indian dairy sector

Stirring Indian milk with Australian technology for production of value-added items. This was the key theme discussed between Indian dairy players and an Australian dairy team at a joint meeting here today. The Australian team, led by Michael-Carter, Trade Commissioner, expressed interest in exploring India-Australian tie ups in the areas of animal husbandry, dairy development and livestock research.

4.   

India set to be fastest growing trading nation: HSBC

Rising bilateral trade with China, growing consumer wealth and high confidence level among its traders will push India to the top league of trading nations beginning 2013 and it is set to retain the fastest growth rate till 2020, says HSBC. "The growing Indo-China bilateral trade is set to increase significantly and the country will be the fastest expanding market for Chinese products, with import growth averaging 20 per cent annually during 2013-15 and 17% during 2016-20, while exports clipping at 23 per cent during 2013-15 and 19% during 2016-20," says the HSBC trade forecast released today.