India’s bilateral trade with China reached a record $135.98 billion in 2022, Chinese Customs data showed on January 13, 2023, driven by surging Indian imports of Chinese goods that were up by more than 21% last year… To read more: https://www.thehindu.com/news/international/indias-imports-from-china-reach-record-high-in-2022-trade-deficit-surges-beyond-100-billion/article66372861.ece SOURCE: THE HINDU
US-China trade hits record high despite rising tensions
Trade between the US and China hit a record high last year even as their diplomatic relations deteriorated. Imports and exports between the two countries totalled $690.6bn (£572.6bn) in 2022, official figures show. Relations between the countries have hit new lows in recent days after a Chinese balloon travelled across the US. Beijing denies US claims it […]
US-China Trade Is Close to a Record, Defying Talk of Decoupling
Trade between the US and China is on track to break records, a signal of resilient links between the world’s top economies amid the heated national security rhetoric in Washington and fears of “decoupling”… To read more: https://www.bloomberg.com/news/articles/2023-01-17/us-china-trade-is-close-to-a-record-defying-talk-of-decoupling?leadSource=uverify%20wall SOURCE: BLOOMBERG
The stakes for trade with India
In his Aug. 15, 2022, speech — 75 years to the day after India declared its independence from the British Empire — Indian Prime Minister Narendra Modi could hardly have been clearer: India intends to be a top global power well before the end of this century and already is emerging as a role model for other countries, big […]
U.S. inflation: Will scrapping China tariffs be the cure?
President Joe Biden’s decision to review the legacy of U.S.-China trade war started by his predecessor is now under the spotlight for reasons other than still tense relations between Washington and Beijing: inflation at home. The inflation rate hit a 40-year high in May as consumer prices surged 8.6%, the Department of Labor said on Friday. From gas […]
India bullish on Oz trade pact despite new govt
As India keeps a watch on the appointment of a new Australian trade minister, it is upbeat on the trade pact going through despite a change of government Down Under. The India-Australia Economic Cooperation and Trade Agreement (ECTA) signed last month is to be ratified by Australian parliament before it comes into force Indian officials […]
China’s trade with Belt and Road countries enjoys robust growth
China’s economic and trade ties with countries along the Belt and Road have strengthened significantly over the past decade, an official said Friday. “Despite the protracted COVID-19 pandemic and complicated international situation, the building of the Belt and Road Initiative continues to demonstrate strong resilience and vitality, injecting strong impetus into global openness and cooperation […]
China’s trade seen faltering in April as COVID curbs hit output
China’s export growth is expected to have slowed to a crawl in April as strict COVID-19 curbs hit production while imports likely extended declines, creating heavy headwinds for the world’s second-largest economy in the second quarter. The trade sector, which accounts for about a third of gross domestic product and employed 180 million people in […]
The numbers behind India and Australia’s $100-billion trade target
India and Australia signed an interim free trade agreement on April 2. The India-Australia Economic Cooperation and Trade Agreement “provides zero duty exports to 100% tariff lines from India to the Australian market, benefiting labour-intensive sectors besides providing greater access to services space through liberalised visa norms for students and professionals, including quota for Indian […]
India and Russia may keep ruble out of the proposed rupee-ruble trade
India and Russia may keep the ruble out of the proposed rupee-ruble trade, given the high volatility in the Russian currency after Western nations imposed sanctions on the country. Payments are likely to be settled in the rupee pegged to the dollar, and deposited in an Indian bank account. “The rupee-ruble trade may not be […]