Author: Editorial Desk

President Droupadi Murmu on Monday called on Indian exporters of engineering goods to transform challenges in global trade into opportunities by leveraging the country’s strong capabilities. Speaking at the platinum jubilee celebrations of the Engineering Export Promotion Council (EEPC), she stressed the importance of adaptability and innovation in strengthening India’s economic position. “India’s engineering export destinations have changed significantly over the last seven decades. The Engineering Export Promotion Council should continue this process of change and keep working to make India’s economy continuously stronger with the spirit of Nation First,” she said. Highlighting the growth of engineering exports, the President…

Bangladesh’s apparel exports to the United States surged 21.66% year-on-year in the first seven months of 2025, strengthening the country’s position as one of the fastest-growing suppliers to the world’s largest clothing market. Between January and July, Bangladesh shipped apparel worth $4.98 billion to the U.S., according to the latest trade data. This far outpaced overall U.S. apparel import growth of 4.96% during the same period, which reached a total of $45.80 billion globally. In terms of quantity, Bangladeshi garment shipments to the U.S. grew 20.33%, while the average unit price increased by 1.11%. “This strong growth proves Bangladesh is…

The Ministry of Industry and Trade, in collaboration with the People’s Committee of Tay Ninh Province, hosted a major international trade conference that brought together more than 140 enterprises from 25 countries and territories, alongside leading global distribution and e-commerce corporations. The event provided an important platform for Tay Ninh and the wider regional business community to strengthen linkages, expand markets, and enhance their ability to integrate into global supply chains. In her opening remarks, Deputy Minister of Industry and Trade Phan Thi Thang praised the strong participation of both domestic and international enterprises, noting that the turnout exceeded expectations.…

India and Singapore on Thursday unveiled a comprehensive roadmap to expand their strategic partnership, with Prime Minister Narendra Modi and his Singaporean counterpart Lawrence Wong reaffirming their commitment to strengthening cooperation across key sectors and jointly addressing global challenges, including disruptions to trade arising from tariff disputes. During wide-ranging talks, the two leaders agreed to deepen collaboration in advanced manufacturing, semiconductors, green shipping, skill development, civil nuclear energy, aviation, defence, and security, with particular interest in the development of unmanned vessels. The meeting saw the signing of five agreements covering areas such as aviation, skilling, and green and digital shipping.…

Donald Trump has petitioned the U.S. Supreme Court to overturn a federal appeals court decision that ruled most of his sweeping trade tariffs unlawful. The former president’s legal team filed the request late Wednesday, seeking a review of last week’s 7-4 ruling by the U.S. Court of Appeals in Washington DC. The case concerns Trump’s ‘liberation day’ tariffs, imposed on 2 April, which levied duties ranging from 10% to 50% on the majority of U.S. imports, rattling global trade and markets. The appeals court determined that Trump had exceeded his presidential powers when he relied on the International Emergency Economic…

The European Commission has adopted the EU-Mercosur and EU-Mexico trade agreements, a move welcomed by the European wine sector through its representative body, the European Committee of Wine Companies (CEEV), in Brussels. The decision comes at a time when international trade faces mounting uncertainty due to geopolitical and economic challenges. The CEEV, which represents the interests of European wine producers, described the agreements as crucial for securing and diversifying the European Union’s trade relationships. Marzia Varvaglione, President of CEEV, stressed the importance of swift ratification by the European Parliament and the Council, arguing that the sector and consumers alike stand…

World Trade Organization (WTO) Director-General Ngozi Okonjo-Iweala has warned that the global trading system is facing its most serious disruption since World War II, as the share of global trade conducted under the organization’s Most Favored Nation (MFN) principle has dropped to 72% from around 80%. According to WTO data cited by Reuters, the decline follows U.S. President Donald Trump’s renewed push to impose higher tariffs on most trading partners. The MFN principle, a cornerstone of the WTO framework, requires member states to treat each other equally in terms of tariffs and access. Its weakening raises concerns about the 30-year-old…

Global trade is being reshaped not only by tariffs and geopolitical tensions but also by a deeper, structural challenge: systemic policy unpredictability, according to the latest Global Trade Update from the United Nations Conference on Trade and Development (UNCTAD). The report stresses that uncertainty is no longer a temporary disruption but a persistent feature of the global economy. This unpredictability is raising costs, unsettling financial markets, and placing a disproportionate burden on developing and least developed countries. UNCTAD’s data reveals that advanced economies have largely maintained stable import flows, while developing nations have faced sharper fluctuations. For the least developed…

The Federal Association of German Steel Recycling and Disposal Companies (BDSV) and the Association of German Metal Traders and Recyclers (VDM) have cautioned against proposals to restrict exports of recycled steel, arguing that such measures would harm both the European steel industry and global climate goals. The warning follows a new study commissioned by the two associations and conducted by the Ernst Abbe University of Applied Sciences in Jena, Germany. The study, released in response to discussions within the European Action Plan for Steel and Metals (SMAP), concludes that export bans or barriers would distort markets, provoke retaliatory measures, and…

The Indian tea industry has voiced concern over the United States’s higher tariffs on Indian products, warning that the move could significantly impact exports of the beverage to the American market. The Indian Tea Association (ITA), a leading industry body, highlighted that the U.S. is an important buyer of Indian tea. In 2024, India exported 17 million kilograms of tea to the United States, with shipments reaching 6.26 million kilograms up to May this year. The new measure, introduced by the administration of U.S. President Donald Trump, adds an additional 25% tariff on Indian goods in response to New Delhi’s…