World Trade News

WTO backs remittance cost cut: Reduced transaction costs for trade and business can make Indian businesses more competitive, contributing to overall growth. Lower costs could incentivise formal money transfer channels, potentially reducing reliance on informal methods.

Global trade in goods and services grew by a meagre 0.2 per cent in 2023, marking the slowest expansion outside of global recessions in 50 years.

Regimes are cooperating more closely to withstand diplomatic pressure from the West

India’s imports from Russia have stayed under five times its exports to the country, with the ratio touching 4.1 in 2017-18, previously the highest under the Narendra Modi government. But in 2022-23 till January, imports have been 15 times the exports .In this video how russia becoming India’s fifth-biggest trading partner and the significant shifts in both imports and exports

As the eighth round of India-UK free trade agreement (FTA) discussions approaches, the question on everyone’s mind is how close are we to the endgame? The proposed trade deal with the UK presents an exciting opportunity for India on both economic and geopolitical fronts. However, bargaining on political ideologies must not get in the way.

The global trading system is undergoing tectonic shifts that will reorient international supply chains for decades to come. Here are eight indicators to watch to help understand the implications of this new era of geostrategic economics

Taken together, our exports reached roughly $770 billion, as declared by the government, up from $676 billion in 2021-22

‘Have the deaths been disproportionately high in any one particular community?’ asked Nirmala Sitharaman.