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International

Canada Drops Most Tariffs on U.S. Goods

By BPN News Desk
On August 22, 2025, Canadian Prime Minister Mark Carney confirmed that Canada will remove most of its retaliatory tariffs on U.S. goods. The rollback will take effect from September 1 and is aimed at reducing tensions with Washington after months of trade friction. Focus on USMCA-Compliant Items The tariff removal applies to U.S. goods covered […]
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International

India, Russia Strengthen Trade and Energy Ties

By BPN News Desk
India’s External Affairs Minister S. Jaishankar met Russian Foreign Minister Sergei Lavrov in Moscow to review bilateral cooperation. Both sides agreed to boost economic and energy ties, underlining the importance of their relationship at a time of shifting global dynamics. Energy Cooperation Expands Energy formed a central part of the discussion. Lavrov noted the success
Image Credit: X account @DrSJaishankar
International

India Flags Rising Trade Deficit with Russia

By BPN News Desk
External Affairs Minister S. Jaishankar has raised concern over India’s widening trade deficit with Russia during his visit to Moscow. Speaking at the 26th India–Russia Intergovernmental Commission meeting, he said that while bilateral trade has expanded rapidly, the imbalance has become unsustainable. Trade Growth and Deficit Figures Bilateral trade has grown from $13
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Business Trade

India Resumes FTA Talks with Eurasian Bloc

By BPN News Desk
India has restarted negotiations for a Free Trade Agreement (FTA) with the Eurasian Economic Union (EAEU), a bloc led by Russia and including Armenia, Belarus, Kazakhstan, and Kyrgyzstan. The two sides signed the Terms of Reference (ToR) in Moscow to formally relaunch talks. The EAEU represents a market with a combined GDP of over $6.5 […]
Image Credit: https://www.pmindia.gov.in/
International

India and China to Resume Flights and Border Trade

By BPN News Desk
India and China have agreed to restart direct passenger flights between the two countries. The decision was announced during Chinese Foreign Minister Wang Yi’s visit to New Delhi. Air services were suspended in 2020 following the Galwan Valley clash and pandemic restrictions, leaving business and student communities dependent on third-country transit routes. Border Trade

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