trade expansion
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%.
India and Russia Forge Economic Cooperation Program to Boost Trade to $100 Billion by 2030
Dec 05, 2025 07:36 pm CST
Prime Minister Narendra Modi and Russian President Vladimir Putin have established an economic cooperation program targeting $100 billion in annual bilateral trade by 2030. The leaders witnessed the signing of multiple agreements across sectors including fertilizers, food safety, and shipping, while Russia assured continuous fuel supply to support India's growing economy. This visit marks significant milestones in the 25-year strategic partnership between the two nations.
India and Afghanistan Strengthen Economic Ties: Ministers Commit to Billion-Dollar Trade Target
Nov 25, 2025 05:34 am CST
Union Minister Piyush Goyal and Afghanistan's Industry Minister Alhaj Nooruddin Azizi met to boost bilateral trade relations, targeting nearly $1 billion in trade volume. The five-day diplomatic visit addressed key obstacles like visa challenges and air corridor costs, while exploring opportunities in mining, agriculture, and health sectors to strengthen the historical relationship between the two nations.
Afghanistan Strengthens Trade Ties with India: A Strategic Pivot Away from Pakistan Dependency
Nov 20, 2025 02:25 am CST
Afghanistan's Industry and Commerce Minister Alhaj Nooruddin Azizi's five-day visit to New Delhi marks a significant shift in regional trade dynamics as the Taliban administration actively pursues stronger economic partnerships with India amid deteriorating relations with Pakistan. This diplomatic initiative focuses on expanding air corridor trade, promoting Afghan exports, and establishing alternative trade routes that bypass traditional dependencies.
India-Russia Trade Expansion: Seeking Approvals for Marine and Pharmaceutical Exports to Reach $100 Billion Goal by 2030
Nov 14, 2025 03:10 am CST
India seeks Russia's expedited approval for marine and pharmaceutical exports as part of strategic efforts to enhance bilateral trade from current $25 billion to $100 billion by 2030. Commerce Secretary Rajesh Agrawal's Moscow visit resulted in a comprehensive trade protocol covering multiple sectors including engineering, chemicals, electronics, and IT services, with both nations committing to explore payment solutions benefiting businesses of all sizes.