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The Latest Breaking News from Commerce

Commerce secretary visiting U.K. for FTA talks

India, U.K. negotiating FTA; Secy Barthwal to visit London to take stock of talks. Negotiations for FTA, Bilateral Investment Treaty underway

The Hindu

Law enforcement groups raise concerns on potential budget cuts - Roll Call

Law enforcement groups have raised concerns that potential fiscal 2024 cuts sought by the House GOP could hamper state and local agencies.

Roll Call

Shipments to China forecast to grow 1%

Despite China's slow economic recovery, the Commerce Ministry still expects Thai exports to the mainland to eke out 1% growth this year to US$3.47 billion.

Bangkok Post

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Union Commerce Minister Piyush Goyal to push trade deals in U.K.

Commerce and Industry Minister Piyush Goyal is scheduled to visit the U.K. on July 10-11 to take stock of the negotiations for a free trade agreement

The Hindu

Centre will be facilitator for startups, not regulator: Piyush Goyal

The government will always act as a facilitator to strengthen the startup ecosystem and not act as a regulator, Commerce and Industry Minister Piyush Goyal said.

The Hindu

India and U.S. to discuss GSP restoration issue to find solution, says Piyush Goyal

India and the U.S. have agreed to discuss New Delhi’s demand for restoration of GSP benefits to domestic exporters and now both sides will commence discussions to find a solution, Commerce and Industry Minister Piyush Goyal said on June 23. The previous Trump administration in the U.S. revoked the Generalized…

The Hindu

Jan-May rice export volume up 27%

Thailand's rice exports for January-May were at 3.47 million metric tonnes, up 26.6% from a year earlier, helped by higher global demand and a weaker baht currency, the Commerce Ministry said on Friday.

Bangkok Post

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El Niño likely to propel rice exports

Thai rice exports are likely to surpass 8 million tonnes this year, driven by higher global demand as countries rush to stock up to brace for the effects of the El Niño weather phenomenon, says Commerce Minister Jurin Laksanawisit.

Bangkok Post

T.N. committed to creating 1.5 lakh new job opportunities in EV sector in five years: Industries Minister

The Tamil Nadu government is committed to securing $6 billion in investments and creating 1.5 lakh new employment opportunities within the Electric Vehicles (EV) sector over the next five years, Minister for Industries, Investment Promotion and Commerce T.R.B.Rajaa said.

The Hindu

Students of Sharanabasaveshwar College to visit University of Dundee as part of exchange programme

Five students of Sharanabasaveshwar College of Science, Arts, and Commerce, affiliated to Gulbarga University, were selected for a survey project on the topic “Assessment of gut microbiome profile and antimicrobial resistance pattern in Lambadi Tandas, a tribal population in Kalaburagi region” under the collaboration of the University of Dundee and Karnataka Higher…

The Hindu

Price controls get one-year extension

The Ministry of Commerce has extended price controls on 51 products and services for another year. The extension will expire on June 30, 2024.

Bangkok Post

Commerce Department announces nearly $1 billion in grants for 'middle mile' internet access

The federal effort to expand internet access to every U.S. home has taken a major step forward with the announcement of $930 million in grants to shore up connections in dozens of places where significant connectivity gaps persist

The Independent UK

JG Commerce College of Hubballi gets A++ grade

KLE Society’s Jagadguru Gangadhar College of Commerce (commonly known as JG Commerce) in Hubballi has become the first college in North Karnataka to get A++ grade from National Accreditation and Assessment Council (NAAC) of the University Grants Commission.

The Hindu

India, UAE working together on value addition in gold, gold products

India and the UAE are looking at ways to increase trade in value-added gold and gold products, Commerce and Industry Minister Piyush Goyal said.

The Hindu

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Bangkok Post

Inflation tepid in May as food prices decrease

Inflation in Thailand is expected to increase by only 0.5% year-on-year in May, the lowest in Asean, because of a decline in the prices of fresh food such as pork and chicken, says Commerce Minister Jurin Laksanawisit.

Axios

Meetings highlight unstable U.S.-China relationship

The U.S.-China relationship has fallen to a new low point, and U.S. attempts this year to bring China back to the table have largely been rebuffed.

The Independent UK

US, Chinese trade officials express concern about each other's restrictions

Commerce Secretary Gina Raimondo and her Chinese counterpart, Wang Wentao, have expressed concern about policies of each other’s governments following Chinese raids on consulting firms and U.S. restrictions on exports of semiconductor technology

The Hindu

62,775 more Plus One seats this year, Cabinet approves 30% increase in seven districts

The number of Plus One higher secondary seats in the State has increased to 4,23,315, an increase of 62,775 seats.

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Fortune

I worked for Henry Kissinger when America first engaged China in the 1970s. Here’s why I think the two countries still have a chance to mend their ties

When the dialogue between China and the U.S. was just beginning, the leaders of the two countries did not set out to resolve all issues from the start.

The Hindu

India's forex reserves at comfortable position to meet any requirements: Piyush Goyal

India has a strong foreign exchange reserve and the country is in a comfortable position to meet all the requirements even in any worst-case scenario in the next five-six years, Commerce and Industry Minister Piyush Goyal said on May 24.

Bangkok Post

Food shipments set to gain by 10% as standards rise

The Commerce Ministry wants to grow food exports by 10% this year, driven by increasing demand and higher Thai standards for quality, safety and sustainable production processes.

Reuters

From sunglasses to milking machines, US halts more exports to Russia

The Biden administration halted the export of a wide range of consumer goods to Russia on Friday and added 71 companies to a trade blacklist, as the Group of Seven wealthy nations announced new sanctions on Moscow over its war in Ukraine.

Tribune News Service

US agrees on Taiwan trade terms, clouding plans for China talks

WASHINGTON — The U.S. and Taiwan agreed to boost trade ties, the first tangible results under an initiative announced last year that faces vehement opposition from Beijing and clouds the outlook for a visit to the U.S. next week by a Chinese commerce official.

Newsroom.co.nz

Govt orders inquiry into anti-competitive land covenants

First petrol stations, then supermarkets, then building supplies merchants. Now the Commerce Minister has asked for a wide-reaching inquiry into the use of land covenants to block competition, and cites meat processing plants as a place to start.

The Guardian - US

Rick Perry hints at 2024 presidential bid and revives memories of debate gaffe

Republican former Texas governor, who has run twice before, once forgot name of government department he planned to abolish

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