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NEW DELHI: Bajaj Auto on Sunday said its exports to Venezuela accounts for less than 1 per cent of its total overseas shipments. The South American country has plunged into a crisis after the US captured its President, Nicolas Maduro, on Saturday. “We do export to Venezuela. Pulsar and Boxer are very popular, but these…
Soaring global demand for semiconductors sent South Korea’s exports to their highest-ever level in 2025, official data showed Thursday, despite a year of trade turmoil sparked by US President Donald Trump’s tariff onslaught.Total exports last year were valued at over $700 billion, according to data from Seoul’s industry ministry, up 3.8 percent from the previous…
Indian steel and aluminium exports to the European Union will face a carbon-linked cost from January 1, 2026, as the EU’s Carbon Border Adjustment Mechanism (CBAM) moves from the reporting phase to its payment-linked stage, according to a report by the Global Trade Research Initiative (GTRI).Although the CBAM levy will be paid by EU-based importers,…
NEW DELHI: Starting Thursday, Australia is set to provide duty-free access to all Indian exports under the India-Australia Economic Cooperation and Trade Agreement (ECTA), commerce and industry minister Piyush Goyal said Monday.“From Jan 1, 2026, 100% of Australian tariff lines will be zero-duty for Indian exports, unlocking fresh opportunities for labour-intensive sectors,” Goyal posted on…
New Zealand’s PM Christopher Luxon, on Saturday, hailed the free trade agreement with India, saying that the deal fulfilled a key promise made by his government. “We said we’d secure a Free Trade Agreement with India in our first term, and we’ve delivered.” He further added that this “landmark deal means more jobs, higher incomes…
India’s exports of creative goods rose in the first seven months of FY26, driven by strong demand for fashion accessories, jewellery, carpets and toys, with the UAE emerging as the largest destination, according to an ET analysis.The exports of creative goods increased 7.3% year-on-year to $12.5 billion during April–October FY26, up from $11.7 billion in…
There has been a massive surge in Russian alcohol exports to India in 2025. Shipments increased nearly four times, as compared to last year. Data from Russia’s Federal Centre for Agricultural Export Development, shows exports of spirits, mainly vodka, having reached 520 tonnes worth $900,000 in the first ten months of the year.According to the…
NEW DELHI: India would soon establish itself in the semiconductor industry by starting exports, even though it’s entry was late, said Union home minister Amit Shah.“We have made a strong entry into the semiconductor industry, although a bit late. In no time, we will not only become self-reliant in the semiconductor sector, but will also…
India’s ambition of exporting goods and services worth $1 trillion by the end of FY26 is likely to remain out of reach, Global Trade Research Initiative (GTRI) predicted in its latest report on Thursday, pointing to weak merchandise shipments due to weak global demand and increasing protectionist trends.Ajay Shrivastava, founder of the economic think tank,…
The trade deal aims to expand cooperation in services, mobility, goods, investment and trade facilitation. (AI image) India-New Zealand trade deal: Prime Minister Narendra Modi and his New Zealand counterpart Christopher Luxon on Monday had a telephonic conversation and announced finalising the India-New Zealand Free Trade Agreement (FTA). Both leaders stressed that this FTA would…
