Mangaluru hosts key meeting to strengthen trade ties with Japan.
A meeting aimed at strengthening trade relations and encouraging Japanese companies to establish operations in Mangaluru, capitalising on the region’s robust infrastructure, skilled workforce, and strategic connectivity, took place on Wednesday. The session was hosted by Kanara Chamber of Commerce and Industry (KCCI) President Anand G. Pai, who welcomed a Japanese delegation led by Prof. Gopal Mugeraya, Vice-President of Technical Education at NITTE, along with Prof. Harikrishna Bhat, Director of International Collaborations for the Asia-Pacific Region; Komatsu Shinya, Prefectural Assembly Member and Former Vice Chairman of Japan; Katsutoshi Seiwa, Director of the Industrial Technology Innovation Division, Japan; Ito Susumu, Chief of Industrial Technology; Kotaro Kurosaka, CEO of Sanyo Machinery Company; and Tadashi Ariji, Group Manager at Boehringer Ingelheim Yamagata Factory, at the KCCI Meeting Hall in Mangaluru.
Source: timesofindia.indiatimes.com
India, Indonesia Agree to Address Trade Barriers.
India and Indonesia have agreed to address technical trade barriers, according to Chief Economic Affairs Minister Airlangga Hartarto. Airlangga recently met with Indian Commerce and Industry Minister Piyush Goyal on the sidelines of the India-Indonesia CEOs forum in New Delhi. The forum was part of President Prabowo Subianto’s visit to India as the chief guest on New Delhi’s Republic Day.
Source: jakartaglobe.id
India's exports hit a record high despite a global trade slowdown.
India's Merchandise foreign trade data for October 2024 came packed with a pleasant surprise. The export value of 10 key products was the highest ever in India’s trade history. Non-petroleum product exports were also at a record $34.61 billion. A beaming Sunil Barthwal, commerce secretary, said the October trade performance was not an aberration. 'Not only has our overall exports progress been good, we have broken all records in terms of non-petroleum product exports for April-October, too. If we continue in this manner, we are going to cross $800 billion of exports this year.'
Source: fortuneindia.com
India's exports to US up 5.57% to $60 billion in April-December FY25.
The country's exports rose by 5.57 per cent to USD 59.93 billion during April-December this fiscal on account of healthy demand in the American market for domestic goods, according to government data. During December, the shipments increased by 8.49 per cent to USD 7 billion, the data showed. On the other hand, imports during the first nine months of 2024-25 grew by 1.91 per cent to USD 33.4 billion, while in December it was up by 9.88 per cent to USD 3.77 billion.
Source: economictimes.indiatimes.com
Tamil Nadu on the GI highway.
In recent years, the Tamil Nadu government, along with various associations across the State, has been diligently working to secure Geographical Indication (GI) tags for a diverse array of products, including agricultural goods, textiles, handicrafts, and food items. This concerted effort aims to preserve and promote the State’s unique cultural heritage, while enhancing its visibility and competitiveness in the global market.
Source: thehindu.com
3 food products from Andaman and Nicobar Islands get GI recognition.
In the recent 118th episode of Mann Ki Baat, Prime Minister Narendra Modi announced the Geographical Indication (GI) tag for as many as 7 products from the Andaman and Nicobar Islands. The beautiful Andaman and Nicobar Islands are raising awareness both for their nature's beauty and also for some amazing leaps in the marketing of tribal products. PM Modi recently hailed the Nicobari Tavi-i-Ngaich Virgin Coconut Oil, Nicobar Coconut, and Andaman Karen Musley Rice among these seven products.
Source: timesofindia.indiatimes.com
PM Modi and President Trump to meet next month: Trade, defense, energy and migration on the agenda.
As Prime Minister Narendra Modi prepares for a crucial meeting with US President Donald Trump in February 2025, India and the United States are looking to strengthen their strategic ties across a wide range of issues, including trade, defense, energy, and migration. Diplomatic sources indicate that this highly anticipated meeting will address ongoing concerns over tariffs, skilled worker visas, military cooperation, and global security matters.
Source: financialexpress.com
No talks with Pakistan on trade resumption: EAM Jaishankar.
External Affairs Minister S. Jaishankar stated on Wednesday that there have been no discussions with Pakistan regarding the resumption of trade with India. Addressing a question during a news conference, he said, 'After last year, there have been no talks on trade with Pakistan, nor has there been any initiative from their side.'
Source: financialexpress.com
India reviews Trump trade memo; no action needed for now: Official.
India is examining the 'America First' trade policy to assess its impact on bilateral trade with the US, an official said on Wednesday. The White House directive to the United States Trade Representative (USTR) to identify countries with which the US can negotiate agreements on a bilateral or sector-specific basis is a positive development for countries like India, as per the official.
Source: economictimes.indiatimes.com
India-Sierra Leone Trade Conference calls for strengthening bilateral ties.
The India-Sierra Leone Trade Conference here has underscored India’s expanding role in Sierra Leone’s economy with bilateral trade reaching $139.86 million in 2019-20, witnessing a 13 per cent growth. The conference hosted by India-Africa Trade Council noted that India ranked among Sierra Leone’s top five trading partners with key exports include pharmaceuticals, plastics, non-basmati rice, and industrial machinery.
Source: thehindubusinessline.com