Overview of Global Trade in 2025 Global trade continues to be a critical factor in shaping the economic landscape across countries. As per the latest Global Trade Outlook and Statistics 2025, the global economy is experiencing both opportunities and challenges in international trade. According to the report, global trade volumes are expected to grow, though…
What Are Tariffs? Tariffs are taxes or duties imposed by a government on imported goods and services. These are used to control trade between countries, protect domestic industries, and generate revenue for the government. Tariffs are typically calculated as a percentage of the product’s total cost, including freight and insurance. 🎯 Why Do Countries Use…
India has officially become the world’s second-largest tea exporter in 2024, overtaking Sri Lanka and securing its position behind China. This achievement highlights India’s growing dominance in the global tea market and its increasing influence in international trade. The tea industry in India has long been a major contributor to the country’s economy, providing employment…
Panama Withdraws from China’s Belt and Road Initiative: What It Means Introduction In a significant geopolitical move, Panama has decided to withdraw from China’s ambitious Belt and Road Initiative (BRI). This decision marks a shift in Panama’s foreign policy and has broader implications for global trade and diplomacy. The Belt and Road Initiative, launched by…
Kathmandu Hosts Inaugural Pashmina Festival Kathmandu, the capital of Nepal, recently hosted the inaugural Pashmina Festival, marking a significant step in promoting one of the country’s most revered and valuable industries. The event showcased Nepal’s luxurious pashmina wool, a premium fabric widely known for its warmth, softness, and cultural importance. This festival is an initiative…
Adani Group to Invest $2 Billion in European Ports: A Strategic Move to Expand Global Presence Introduction to the Investment Plan Adani Group, one of India’s largest multinational conglomerates, has announced its plan to invest $2 billion in European ports. This investment is set to enhance the group’s global footprint, further solidifying its position as…
Chennai to Host World Maritime Conference 2024 Introduction to the World Maritime Conference 2024 Chennai, a bustling coastal city in southern India, is set to host the prestigious World Maritime Conference 2024. This significant international event will bring together leaders, policymakers, and maritime experts from around the world to discuss key challenges, trends, and opportunities…
India’s Exports Soar by 17% in October, Trade Deficit Hits $27 Billion India’s export performance in October 2024 has shown remarkable growth, with exports soaring by 17% compared to the previous year. This growth has been attributed to strong demand for goods in key sectors, including petroleum products, chemicals, engineering goods, and textiles. The overall…
India International Trade Fair 2024 Returns to Pragati Maidan The India International Trade Fair (IITF) 2024, one of the country’s largest trade events, is set to return to Pragati Maidan, Delhi, after a hiatus. Organized by the India Trade Promotion Organisation (ITPO), the fair will bring together businesses, entrepreneurs, and global participants. It will be…
India is Set to Become the Third-Largest Economy by 2030-31 India is on track to become the third-largest economy by 2030-31, according to economic analysts. This prediction is based on the nation’s robust growth rate, increased investments, and strategic reforms in key sectors such as manufacturing, infrastructure, and technology. With a projected Gross Domestic Product…
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