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Trade

Pakistan opens barter trade with Afghanistan, Iran & Russia

In another step to release pressures on dwindling foreign exchange reserves, Pakistan has opened up barter trade with Afghanistan, Iran and Russia for certain items including petroleum, LNG, coal, wheat, pulses, minerals, metals, and several food items.

Saarc members must find way around roadblocks

India’s trade agreements with Nepal and Bhutan, which include hydroelectric power projects, and its contemplation of Cross-Border Electricity Trade (“CBET”) with Sri Lanka in 2025 are exemplars of transboundary trade in energy. As blocs like Asean and BIMSTEC have proven themselves to be better in their approaches than Saarc, the member countries of Saarc should focus upon persuading other members to establish bilateral and trilateral free-trade agreements among themselves in order to give up on imposing para-tariffs on each other.

Rahul slams Centre as India-China trade crosses $100-bn mark

Gandhi was commenting on India's trade with China as after the Chinese incursion, the Centre had banned Chinese apps as amidst repeated domestic boycotts of Made-in-China, trade volume between India and China hit a record high of $100 billion by November, the Global Times reported citing the latest data from the Chinese General Administration of Customs.