international commerce
Global Trade Set to Exceed $35 Trillion in 2025: East Asia and Africa Lead Growth While 2026 Outlook Remains Uncertain
Dec 10, 2025 10:13 am CST
According to the latest UNCTAD report, global trade will surpass $35 trillion in 2025, marking a 7% increase from 2024, driven primarily by East Asian and African markets. While goods trade grew by 6% and services by 9%, forecasts for 2026 indicate slower growth due to geopolitical tensions, rising debt, and economic uncertainty. Manufacturing, particularly AI-related electronics, showed strong 10% growth, while automotive trade declined by 4%.
US Delegation Heads to India for Critical Bilateral Trade Agreement Negotiations Amid Tariff Challenges
Dec 09, 2025 01:41 am CST
A high-level US trade delegation led by Ambassador Rick Switzer will visit India December 9-11, 2025, for crucial negotiations on the Bilateral Trade Agreement. Despite recent tariff challenges imposed by the Trump administration, India remains optimistic about finalizing the first tranche of the agreement this year, which aims to expand bilateral trade from $191 billion to $500 billion by 2030.
India's Strategic Approach to International Trade Negotiations: Minister Piyush Goyal Emphasizes National Interest Over Pressure
Oct 24, 2025 08:16 pm CST
Commerce Minister Piyush Goyal firmly declares that India approaches international trade agreements with deliberation rather than haste, actively engaging with the EU and US while prioritizing national interests. Speaking at the Berlin Dialogue, Goyal emphasized India's sovereignty in determining trading partners and exploring new markets, notably amid pressure regarding Russian oil imports.
India-US Trade Relations: 50% US Tariffs Cause 11.93% Drop in Indian Exports While China Trade Grows
Oct 16, 2025 01:08 am CST
India's exports to the US fell 11.93% in September following Washington's 50% tariff implementation, while China trade surged with exports up 34.18%. The bilateral trade data reveals significant market shifts as India-US negotiations continue for a new trade agreement amid growing concerns about sector-specific impacts.