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BRICS+ Payments System Seen as Feasible, but Common Currency Faces Major Challenges

By Uniquetimesorg October 31, 2026 0

BRICS+ countries should move forward with a joint cross-border payments system to reduce their dependence on the US dollar, while the introduction of a common currency could face significant economic and institutional challenges, according to a report published on Friday. The report by non-profit policy platform BRICS+ Thinking urged the expanded group, led by Brazil, […]Continue Reading

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Scotland Raises Concerns Over India’s Scotch Whisky Tariff Rules

By Uniquetimesorg October 31, 2026 0

Scotland’s First Minister John Swinney raised concerns over India’s treatment of bulk Scotch whisky imports during his visit to the country from October 20 to 27. The Scottish government confirmed that discussions with Indian ministers included the implementation of the UK-India free trade agreement, particularly the tariff rules affecting bulk Scotch whisky Continue Reading

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India-New Zealand Trade Pact to Take Effect October 20

By Uniquetimesorg September 21, 2026 0

A free trade agreement between India and New Zealand, signed in April, will come into force on October 20, Indian Trade Minister Piyush Goyal said on Monday. The pact comes as India seeks to expand its export markets and strengthen trade ties amid changes in global trade. Under the agreement, tariffs on around 95% of […]Continue Reading

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Peru Awaits India Response as Trade Deal Talks Near Final Stage

By Uniquetimesorg September 12, 2026 0

Peru is awaiting India’s response to a counterproposal as negotiations for a free trade agreement enter their final stage, Trade Minister Rogers Valencia said. Lima hopes the agreement can be finalised and signed in 2027, after negotiations between the two countries began in 2017. India has emerged as the second-largest destination for Peruvian exports this […]Continue Reading

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India to Ban Imports Made With Forced Labour

By Uniquetimesorg July 14, 2026 0

India has announced a ban on the import of goods produced using forced labour, introducing a new measure aimed at strengthening trade regulations and addressing international concerns. According to a notification issued by the Ministry of Commerce, the central government will have the authority to prohibit the import of products found to be manufactured wholly […]Continue Reading

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India Holds Firm for Better Terms in U.S. Trade Deal Talks

By Uniquetimesorg July 13, 2026 0

India has refused to rush into an interim trade agreement with the United States, insisting on better terms before signing any deal. According to officials, New Delhi wants assurances that it will receive tariff advantages over competitors such as China and that no additional U.S. tariffs will be imposed after an agreement is reached. Talks […]Continue Reading

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India Exempts GIFT City Firms from Foreign Vessel Licensing

By Uniquetimesorg July 11, 2026 0

The Indian government has exempted businesses operating in Gujarat International Finance Tec-City (GIFT City) from obtaining licenses to charter foreign vessels for export, import cargo movement, and international trade operations. The move is aimed at simplifying regulations and making cross-border shipping activities more efficient for companies based in the financial Continue Reading

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India’s U.S. LPG Imports Hit Record High Amid Middle East Supply Disruptions

By Uniquetimesorg June 23, 2026 0

India’s imports of liquefied petroleum gas (LPG) from the United States are expected to exceed 1 million metric tons in June, reaching a record high as New Delhi seeks alternative supplies amid disruptions in the Middle East. Before the Strait of Hormuz closure, India sourced nearly 90% of its LPG imports from Gulf producers, but […]Continue Reading

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US-India Trade Deal Cuts Tariffs to 18%, India to Stop Russian Oil Purchases

By Uniquetimesorg February 3, 2026 0

The United States and India have reached a trade agreement that reduces U.S. tariffs on Indian goods from 50% to 18%. In return, India has agreed to halt purchases of Russian oil and lower trade barriers, while committing to buy more U.S. energy, technology, and agricultural products. The announcement was made by U.S. President Donald […]Continue Reading

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Europe Pushes Back on Trump Tariffs; India’s Response Muted

By Uniquetimesorg January 19, 2026 0

Europe reacted sharply to U.S. President Donald Trump’s threat of new tariffs over Greenland, while India’s response remained muted, according to geostrategist Brahma Chellaney. European leaders forcefully opposed the announced 10% tariff on imports from Denmark, Norway, Sweden, France, Germany, the Netherlands, Finland, and the U.K., emphasizing that punitive measures Continue Reading