Naveen Jindal is evaluating a 5-billion bid for Barcelona-based Celsa, which has 7.5 million tonnes of long-steel capacity in Spain, France and Poland. Combined with listed Jindal Steel’s 15-mt-plus target and 3.2 mt in Oman, group capacity could exceed 25 mt. Celsa posted 3.3 billion revenue and 396 million EBITDA in 2025. #Steel #Trade

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🌍 India's External Affairs Minister S. Jaishankar urged global nations to "de-risk" and "diversify" to secure their own interests amid escalating US-China competition.

Speaking in New York, he noted that India and the US have reached a basic understanding on a complex trade deal, while firmly flagging cross-border terrorism from Pakistan as a core security concern that directly impacts New Delhi's relationship with Washington. #Trade #GeoPolitics

India and Saudi Arabia signed an investment pact cutting local dispute resolution time to two years, shorter than the UAE-Israel three-year window. This aims to boost inflows from Saudi Arabia’s $1.2 trillion Public Investment Fund (PIF). #Economy #Trade

SAIL airlifted a 1-tonne sample of Mongolian coking coal this month, its first trial of the landlocked supplier. India imports about 95% of its coking coal; Australia supplies at least half, and the fuel is nearly 40% of steelmaking cost. Imports are forecast to rise 3–5% in FY27 from 64 million tonnes. #Trade

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Canada trade minister Sidhu says Canada is looking "forward to conclude" CEPA trade agreement with India.

India, Canada 5th round of trade talks to begin today.

Minister Sidhu to travel to India next week with large number of Canadian businesses.
#geopolitics #trade

India-North America engagement, Next Week

- Canadian FM Anita Ananda in Delhi

- Canadian Trade Minister Maninder Sidhu to visit India with large trade delegation

- US Secy of State Marco Rubio in India

#Geopolitics #Trade

India tightened Mauritius tax treaty rules effective August 10 to curb misuse. The changes increase scrutiny of tax advantage claims, noting Mauritius’s role as a key route for foreign investment into India.
#trade
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🇮🇳🇬🇧 India–UK bilateral #trade rose 15.08% to nearly $2 billion in August, the first full month after CETA took effect.

📈 Indian exports grew 10.35% to $1.26 billion, led by electrical machinery and telecom instruments.

🥈 UK imports rose 24.23%, with silver shipments accounting for around 78% of the increase.

Commerce Minister Piyush Goyal on India, US trade agreement 1st tranche:

"It has been finalized, going through final, Legal drafting. Hope to finalize soon, Operationalise it once we get competitive advantage to peer Countries"

#Trade #Geopolitics

Nirmala Sitharaman identified China's export restrictions as a major trade barrier. India faces a $100 billion trade deficit with China this year despite improved diplomatic ties. She highlighted non-tariff barriers blocking Indian products, particularly generic medicines, from entering the Chinese market. #Trade #GeoPolitics
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China expressed readiness to address India's concerns over the rising trade imbalance, following Sitharaman's highlighting of trade barriers. #Trade #GeoPolitics
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The India - New Zealand FTA comes into effect from today unlocking around 20 billion dollars of investment in India by New Zealand!!

#Trade

India, US "welcomed the progress made in negotiations on the India–U.S. Bilateral Trade Agreement (BTA) and reaffirmed their commitment to working towards its early conclusion", says India statement on Marco-Jaishankar Mumbai visit

#Geopolitics #Trade

📰 As per Pakistani Media Dawn, Pakistan's imports from India increased by 68.9% to $61.74 million during the period of July–September 2026, while Pakistan recorded no exports to India.

Reports indicate mainly pharmaceutical products including life saving drugs, organic chemicals, plastics, dyes, rubber, and some farm goods like spices, tea and cereals—routed via third countries such as the UAE and Singapore.

#IndianSubcontinent #economy #trade

🇮🇳🤝🇲🇽 India and Mexico have launched formal negotiations for a Preferential trade agreement.

Terms of Reference signed!

Terms of Reference cover key negotiating areas, including market access for goods, rules of origin, customs procedures and trade facilitation etc.

#Trade

Minister of Commerce for India, Piyush Goyal says that the US Trade deal is almost final and he has the courage to say India will be at a competitive advantage!!

#Trade

At the 4th National Conference, Commerce Minister Piyush Goyal described India’s 2019 exit from RCEP as "a tragedy averted by the Modi government".

Goyal argued that joining RCEP would have acted as a disguised FTA with China, threatening to destroy Indian manufacturing by opening domestic sectors to zero-duty Chinese imports.

He detailed a "cat-and-mouse game" where he repeatedly warned PM Modi that joining would ruin the economy, even as bureaucrats lobbied the Prime Minister to sign the deal.

On November 4, 2019, PM Modi rejected this pressure and withdrew from RCEP, protecting domestic industry. 🔥

#Trade