Trade fallout: India’s ban on Pakistan-origin cargo at ports triggers spike in freight costs, delays for Islamabad - Report.
Following the Pahalgam terror attack, India's ban on ships carrying goods from or to Pakistan has significantly disrupted Pakistani trade. This ban, effective May 2025, has led to increased freight charges and longer shipping times, forcing importers to rely on feeder vessels. Indian agencies are actively enforcing the ban, seizing falsely declared Pakistani goods routed through third countries.
Source: timesofindia.indiatimes.com
Sugar production to increase by 15 pc to 35 million tonnes in SS 26 on favourable monsoon: Report.
Sugar output is likely to increase by 15 per cent in sugar season 2025-26 to about 35 million tonnes on a favourable monsoon, a report said on Friday. India's gross sugar production is likely to rise 15 per cent in sugar season 2026 to about 35 million tonnes, aided by above-average monsoon, boosting cane acreage and yields in key sugar-producing states like Maharashtra and Karnataka, Crisil Ratings said in the report.
Source: economictimes.indiatimes.com
As trade talks gather pace, Indian team extends stay in US.
India's trade team has extended its stay in Washington to iron out differences as the two sides look to clinch a deal before a July 9 deadline when higher US tariffs are set to kick in, people familiar with the matter said. The in-person negotiations were initially supposed to run through June 27 but were extended by a day, raising hopes of an interim trade deal. Both sides have dug in their heels over a few key issues including Washington's demand that India open its market to genetically modified crops.
Source: timesofindia.indiatimes.com
Indian team in US for fresh talks on trade deal.
Indian officials are in the US, led by chief negotiator Rajesh Agarwal, for trade deal talks aimed at bridging differences. Agriculture is a key sticking point, with India hesitant to lower tariffs on sensitive items like maize and soybean due to the prevalence of genetically modified crops in the US.
Source: timesofindia.indiatimes.com
India to remain a bright spot amid global uncertainty: World Bank's Auguste Kouame.
India is expected to remain a bright spot in the global economy despite trade and policy uncertainty, economists and experts noted at a panel discussion on Thursday. 'India has a strong domestic economy and remains a bright spot in the global economy,' said Auguste Kouame, country director for India at the World Bank.
Source: economictimes.indiatimes.com
Vietnam, India promote trade ties via international trade fairs.
The Vietnam Trade Office in India on June 25 hosted an online seminar on strengthening trade relations through international trade fairs, drawing the participation of nearly 50 Vietnamese seafood companies and 50 Indian enterprises in sectors of processed food, agricultural products, fruits, and spices.
Source: vietnamnet.vn
UK's global trade outlook sees India as Asia's 'standout growth engine'.
As the 'standout growth engine' in Asia, India is projected to be the third largest economy in the world by 2028, and the recent Free Trade Agreement (FTA) offer British businesses a 'major advantage' over their international competitors, the UK's new trade strategy and outlook have said. The 'UK's Trade Strategy' and an accompanying 'Global Trade Outlook 2025' released by the Department for Business and Trade (DBT) on Wednesday spotlights the trade deal with India, concluded early last month, as the centrepiece of the Labour government's approach to utilising FTAs as an important tool to meet its economic growth agenda.
Source: economictimes.indiatimes.com
India to develop sea protocol to boost mango exports and reduce spoilage.
India, a major exporter of mangoes, is developing a protocol to transport the fruit by sea to overseas destinations while maintaining their quality and preventing losses due to spoilage. Sea protocol trials have been successfully carried out with bananas and pomegranates shipped from Indian ports to Rotterdam in the Netherlands and countries in the Commonwealth of Independent States, demonstrating the effectiveness of the approach, Sudhanshu, secretary of the Agricultural and Processed Food Products Export Development Authority (Apeda), toldMint on the sidelines of a conference on agri-exports.
Source: livemint.com
Indian trade negotiators in US for trade talks.
Indian trade negotiators are visiting Washington for the next round of talks for an interim trade deal with the US ahead of the July 9 deadline when the 90-day reciprocal-tariff pause period ends. The two-day visit comes after American trade negotiators visited India from June 5- 11 for the talks.
Source: economictimes.indiatimes.com
Oman DTAA: Withholding tax rates lowered.
India and Oman have amended their double taxation avoidance agreement (DTAA), expanding the definition of permanent establishment to cover digital and service-based operations. The amendment, notified Thursday, reduced withholding tax rates on interest and royalty payments for technical services to 10% from 15%, while applying a Principal Purpose Test to prevent abuse of the treaty for tax evasion.
Source: economictimes.indiatimes.com