1.   

India-US trade on track to cross $ 100 billion this year

Bilateral trade between India and the US has increased 40 per cent in the last three years and is "on track" to cross $ 100 billion this year, US Consul General Jennifer Mcintyre said today.Mcintyre, while delivering 'Indira Gandhi Endowment Lecture' here, said one of the key drivers in the United States and India's strategic relationship was "business and trade".

2.   

'India could become top exporter to Oman in 5 years'

India could become the top exporting nation to Oman in the next five years, buoyed by the growing trade and economic ties between the two countries, a top Indian diplomat has said. Currently India is the third largest exporter of products and services to Oman, India's Ambassador to Oman J S Mukul said, adding it is likely to occupy the number one slot within the next five years.

3.   

India exports 176,000 T sugar to Iran-trade sources

India has sealed deals to export 176,000 tonnes of sugar to sanctions-hit Iran so far this year and a vessel with 32,000 tonnes of that, the last consignment, is being loaded at a southern port, trade sources said on Thursday. "Of the 176,000 tonnes, about 146,000 tonnes have already been moved out of the country. Most of these deals have been through Dubai-based traders," one of the sources said.

4.   

Negative list for trade with India to be phased out by December: Pakistan

The negative list regime for trade with India will be phased out by December after the move is approved by the federal cabinet, Commerce Minister Makhdoom Amin Fahim has said. The negative list allows trade in all but 1,209 items, Fahim said in a written reply to a question in the National Assembly or lower house of Parliament yesterday.