NEPAL INDIA TRADE RELATIONS
South Korea's Lee to seek big boost in economic ties in summit with PM Modi
South Korean President Lee Jae Myung is in New Delhi for talks with Indian Prime Minister Narendra Modi. The visit aims to significantly increase economic ties, focusing on shipbuilding. Both nations plan to nearly double bilateral trade to $50 billion by 2030. Cooperation may also expand into finance, artificial intelligence, and defense. India's role in global production is highlighted.
Mark Carney says Canada's economic ties with US are a weakness that must be corrected
Canada's close economic ties with the United States are now a weakness, according to Prime Minister Mark Carney. He announced efforts to strengthen Canada's economy by attracting new investments and signing trade deals with other nations. Carney emphasized the need for Canada to rely less on a single foreign partner.
Protest erupts in Nepal against taxation on imports above 100 rupees from India
Protests have erupted in Birgunj, Nepal, against a new government directive taxing all imports from India exceeding NRS 100. This strict enforcement, aimed at curbing revenue leakage and supporting local markets, has led to widespread crackdowns at border points and significant dissatisfaction among residents who rely on cross-border purchases for daily essentials.
UP Police bust inter-state cyber gang in Bareilly with links to Nepal, China; arrests 5
Uttar Pradesh Police have uncovered a major inter-state cyber fraud network. Five individuals were apprehended in Bareilly for their alleged involvement in duping people across multiple states. The syndicate is suspected to have connections with operators in Nepal and handlers in China. Investigations revealed the use of fake accounts and digital tools for fraudulent transactions.
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As Iran war strains ties with Trump's US, UK looks to Europe
Britain's government is set to announce legislation next month to move the country closer to the European Union, as the Iran war sours the UK's so-called special relationship with the United States. "When the relationship with the United States is fracturing, it means there's reduced opposition to a closer relationship with the EU among the public," said Aspinall. pdh/jkb/rmb/jhb
India explores FTA full use with Norway, sets up fast-track investment system with Austria
India and Norway are enhancing cooperation in energy, maritime, and biotech sectors. Norway sees growing investment interest in India. Meanwhile, India and Austria have launched a Fast-Track Mechanism to facilitate investments and resolve issues. This initiative aims to expand bilateral trade and leverage industrial complementarities. Both nations are prioritizing sustainable development and green technologies for future collaboration.
Nepal stops unauthorised IVF camp by Indian doctors in Kathmandu
A planned IVF consultation camp in Nepal faced cancellation when the medical regulatory board intervened, stopping two Indian doctors from proceeding. The Nepal Medical Council clarified that the practitioners lacked the necessary credentials and approvals to operate within its borders. Foreign medical professionals must navigate a registration process before engaging in any healthcare activities in Nepal.
Piyush Goyal engages with South Korean, Austrian leadership to deepen economic ties
Union Minister of Commerce and Industry, Piyush Goyal, advanced India's trade agenda through a series of diplomatic engagements on Thursday, holding a virtual meeting with South Korean Trade Minister Yeo Han-koo and an in-person session with Austrian Federal Chancellor Christian Stocker. The meetings, focused on bilateral investment and technological synergy, resulted in the signing of a new mechanism aimed at accelerating business resolutions between India and Austria.
India, Austria seal 15 deals across defence, counter-terrorism, tech and trade
India and Austria have signed fifteen agreements. These cover defence, technology, innovation, and trade. A Joint Working Group will combat cross-border terrorism. The agreements aim to boost cooperation in defence and counter-terrorism. Both nations also agreed on peaceful conflict resolution. Austrian expertise will enhance Indian infrastructure projects. Partnerships will strengthen in defence, semiconductors, and biotechnology.
West Bengal assembly elections 2026: BJP stresses security, TMC eyes revival in Siliguri corridor
The BJP and Trinamool Congress are in a direct electoral battle for four assembly seats in Siliguri. This region, known as the Siliguri corridor, is strategically important. The BJP aims to retain its hold after winning all four seats in 2021. The Trinamool Congress seeks to regain influence. Voters are concerned about border security and local economic issues.
India-South Korea shipbuilding collaboration to receive mega boost from Presidential visit next week
South Korean President Lee Jae Myung visits India from April 19-21. The visit prioritizes shipbuilding, especially LNG tankers, under the 'Make in India' initiative. Technology transfer and scaling up production are key. Collaborations will also cover semiconductors, civil nuclear energy, and defense manufacturing. This aims to boost the Special Strategic Partnership between the two nations.
US’ 301 probes: India denies allegations, seeks termination of both investigations
India has rejected allegations by the US Trade Representative under its Section 301 probe, denying claims of “structural excess capacity” in sectors such as petrochemicals and textiles. It argued that its $42 billion trade surplus with the US is a macroeconomic outcome shaped by multiple factors and not due to unfair practices.
India stands by trade pact with US, trade negotiators to visit Washington next week
An Indian trade delegation will visit the US to discuss a bilateral trade agreement. Negotiations will focus on recalibrating the deal due to recent tariff changes. India aims to secure favorable terms and commitments. This engagement follows a call between Prime Minister Modi and President Trump. Discussions will also cover trade issues and investigations.
US Sec 301 probe: India rejects allegations, requests for terminations of both investigations
India has strongly rejected US allegations of excess structural capacity and production, asserting the USTR's investigation lacks a "cogent rationale." New Delhi has requested a negative determination and termination of the probe, emphasizing that trade concerns should be addressed through bilateral negotiations. India also denies allegations regarding forced labor, seeking termination of that investigation as well.
China surpasses US as India's largest trading partner in FY26; trade gap swells to USD 112.16 bn
India's trade with China reached USD 151.1 billion in 2025-26, making it the largest partner. The trade deficit with China widened significantly. The US was previously the top partner for four years. India's exports to China saw substantial growth, while imports also increased. Trade with the US showed marginal export growth and increased imports, leading to a reduced trade surplus.
India’s trade deficit narrows to $20.67 billion in March on West Asia risks
India's trade deficit saw a significant reduction in March. Exports increased while imports decreased. This improvement occurred despite rising tensions in West Asia. Geopolitical risks could impact future trade. Services exports continue to drive growth for India. Merchandise exports also saw a modest rise.
Indian official team to visit Washington next week for trade talks
An Indian delegation is heading to Washington next week for crucial trade talks. The meeting focuses on an interim trade agreement between India and the US. This pact was delayed due to changes in US tariff policies. The US has imposed new tariffs affecting global trade partners.
China says policy to improve relations with India remains unchanged
China has defended its decision to publish new names for regions in Arunachal Pradesh. India has rejected these 'fictitious names' stating they cannot alter the reality of Indian territory. China claims Arunachal Pradesh as its own. Both nations are engaged in a diplomatic exchange over territorial claims. China states its policy to improve relations remains unchanged.
India-Austria to deepen economic ties; Bilateral trade crosses USD 2.35 billion: CII Regional Chairman
India and Austria move to deepen their economic partnership with a specific focus on green technologies and advanced manufacturing as bilateral trade between the two nations surpassed the USD 2.35 billion mark.Chairman of the CII Western Region and Chairman & Managing Director of Blue Star Ltd, identified these sectors alongside digital innovation as the primary drivers for the next phase of the bilateral relationship.
India, Oman discuss ways to boost trade, investments
India's Commerce Minister Piyush Goyal met with Oman's Minister of Commerce, Industry and Investment Promotion. They discussed ways to enhance trade and investment ties. This follows recent discussions with other Gulf nations. The India-Oman Comprehensive Economic Partnership Agreement aims to boost mutual growth.
India, Saudi Arabia discuss strengthening trade relations, enhancing energy supply
India and Saudi Arabia are boosting trade ties. Discussions focused on enhancing energy supply cooperation. Both nations are pushing for progress on a trade agreement with Gulf Cooperation Council countries. This comes as regional conflicts impact supply chains. India is also supporting its exports to Saudi Arabia and the wider Gulf region.
US Secretary of State Marco Rubio to visit India in mid-May on first trip
Indian Foreign Secretary Vikram Misri held talks with US Secretary of State Marco Rubio in Washington. The discussions covered trade, critical minerals, defense, and the Quad. Secretary Rubio is scheduled to visit India next month. Misri also met with other US officials to discuss supply chains and technology cooperation. These meetings aim to strengthen India-US relations.
26-year-old Rubi Kumari Thakur elected Nepal deputy speaker
Nepal has elected 26-year-old Rubi Kumari Thakur as the Deputy Speaker of its House of Representatives. Thakur, a Member of Parliament from the Shram Sanskriti Party, secured a significant majority of votes. Her election marks a historic moment for youth and Madhesi inclusion in Nepal's federal parliament. She pledged to champion social justice and women's empowerment.
West Asia crisis: Piyush Goyal meets Kuwait, UAE to restore trade, energy flows
India's Commerce Minister Piyush Goyal met with leaders from Kuwait and the UAE. Discussions focused on restoring trade and energy supplies disrupted by recent events. India offered assistance to Kuwait for food security. Both sides emphasized dialogue and diplomacy. Efforts are underway to ensure smooth trade flows and continuity of essential supplies.
A quiet new reset is loading in India's backyard and the world is watching
India-Bangladesh relations: Ater navigating through diplomatic hurdles, India and Bangladesh are now on a path to rejuvenate their partnership. Recent high-level discussions have emphasised key areas like energy trade, simplifying visa regulations, and enhancing security alliances. Bangladesh's increasing demand for diesel and fertiliser from India has set the stage for cooperative initiatives.
Indian trade delegation to visit Washington this month, says US envoy to India Sergio Gor
An Indian trade delegation is set to visit Washington later this month. This visit marks the resumption of negotiations for a trade deal between India and the United States. The US envoy to India confirmed the upcoming visit. Both nations previously agreed to a trade deal. This meeting signifies a step forward in strengthening economic ties.
Piyush Goyal urges exporters to tap India-US portal to boost trade
India and the US are pushing businesses to use a new trade facilitation portal. This initiative aims to significantly increase bilateral trade, with both nations targeting $500 billion. The portal is designed to connect businesses across various sectors, from agriculture to technology. This development is expected to create new opportunities and strengthen economic ties between the two countries.
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