Trade

India Imposes Anti-Dumping Duty on Water Treatment Chemical Imports from China and Japan

By Editor - News Desk March 10, 2025

To protect domestic manufacturers, India has levied an anti-dumping duty of up to $986 per tonne on imports of trichloroisocyanuric acid (TCCA) from China and Japan for five years. This measure aims to counteract unfair pricing and support the local chemical industry.

Trade

India Pursues Equitable Trade Agreement with U.S., Emphasizes National Interests

By BPN News Desk March 9, 2025

India seeks a balanced trade agreement with the U.S., aiming to double bilateral trade to $500 billion by 2030, while prioritizing national economic interests amid discussions on tariff reductions and reciprocal measures.

Trade

China Imposes Retaliatory Tariffs on Canadian Agricultural Products

By BPN News Desk March 9, 2025

In response to Canada's tariffs on Chinese goods, China announces new tariffs on Canadian agricultural products, including rapeseed oil and pork, effective March 20, 2025.

Trade

China’s Exports Hit Record $540 Billion Amid Rush to Beat U.S. Tariffs

By BPN News Desk March 7, 2025

In December 2024, China's exports surged to a record $540 billion as manufacturers accelerated shipments to avoid impending U.S. tariffs proposed by President Donald Trump.

Trade

Indian Pharmaceutical Alliance Advocates for Zero Tariffs on U.S. Pharma Imports Amidst Trade Tensions

By BPN News Desk March 2, 2025

In a strategic move to mitigate potential trade tensions and foster a more balanced pharmaceutical trade relationship, the Indian Pharmaceutical Alliance (IPA) has urged the Indian government to eliminate import tariffs on pharmaceutical products from the United States. This proposal comes in the wake of U.S. President Donald Trump’s announcement of imposing at least

Trade

Maersk Commits $5 Billion to Enhance India’s Port and Logistics Infrastructure

By BPN News Desk February 28, 2025

A.P. Moller Maersk announces a $5 billion investment to develop India's ports, terminals, and landside infrastructure, focusing on Pipavav terminal expansion and Vadhavan Port development, aiming to streamline supply chains and boost economic growth.

Trade

India and EU Commit to Finalizing Free Trade Agreement by Year-End

By BPN News Desk February 28, 2025

India and the European Union have agreed to conclude a comprehensive free trade agreement by the end of this year, aiming to enhance bilateral cooperation in trade, technology, and defense.

Trade

India Considers Extending Import Restrictions on Steelmaking Raw Materials

By BPN News Desk February 26, 2025

The Indian government is considering extending import restrictions on low-ash metallurgical coke (met coke) beyond June 2025 to encourage domestic sourcing by steel manufacturers. In December 2024, India imposed country-specific quotas, limiting total met coke imports to 1.4 million metric tons from January to June 2025. This move aimed to protect local producers from a

Business Trade

India’s Russian Oil Imports Reach €49 Billion Amid Ongoing Ukraine Conflict

By BPN News Desk February 25, 2025

In the third year of the ongoing Ukraine conflict, India has significantly increased its importation of Russian crude oil, totaling €49 billion. This substantial rise is attributed to the availability of discounted prices, prompting India to shift its traditional oil sourcing from the Middle East to Russia. Impact of the Ukraine Conflict on Global Energy […]

Business Trade

India Doubles Crude Oil Imports from the US

By BPN News Desk February 24, 2025

India’s crude oil imports from the United States saw a dramatic increase in February 2025, doubling to an average of 200,000 barrels per day (bpd) from 110,000 bpd in January. This rise underscores India’s efforts to diversify its energy sources amid shifting global trade patterns and geopolitical tensions. The increase in imports from the US […]