The Iran Parkistan India (IPI) and Turkmenistan Afghanistan Pakistan India gas pipelines projects are a clear explanation for the India foreign and trade policies’ evolutions regarding Iran and Afghanistan.
India to offer fresh trade sops to Pakistan to strengthen ties
In a move to help promote trade and bilateral ties with Pakistan, the government is set to slash 30% items or 254 products from the sensitive list under the South Asian Free Trade Agreement (Safta) …
President Pratibha Patil said she is confident that trade between India and South Africa will reach USD 15 billion by 2015 as the two have become important trading partners. Patil and South African President Jacob Zuma appreciated businesses in both the countries for having reached the earlier target of USD 10 billion by 2012, a year ahead of the schedule.
India’s trade deficit widens on crude import bill
India’s trade deficit has surged to a whopping $185 billion for the financial year ended March 31, 2012 due to skyrocketing crude oil prices in the international market and this is expected to keep the rupee under pressure.
India revises upwards trade deficit estimates as exports struggle
Indian imports continued to outpace exports in February as demand remained weak in major exports markets like the United States and Europe, nudging the government to revise up the full-year trade deficit projections on Friday.
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With exports struggling to maintain the growth rate seen between April and September, Khullar revised up trade deficit projection for the fiscal year ending on March 31 to $175 to $180 billion from an earlier estimate of $160 billion.
Oil falls on large China trade deficit
Crude-oil futures declined on Monday as investors parsed China’s surprisingly large trade deficit and its implications for the global economy and oil demand.
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China reported a much bigger-than-expected trade deficit of $31.48 billion in February, turning around sharply from a $27.28 billion surplus in January.
Pakistan to normalise trade with India by year end
Pakistan will normalise trade with arch-rival India by the end of this year, the government said Wednesday, phasing out major restrictions on Indian imports.
Information Minister Firdous Ashiq Awan said Islamabad will gradually scrap a “negative list”, which bans hundreds of items from India and places barriers on other trade, in a bid to improve ties between the nuclear-armed neighbours.
