TRADE MINISTERS MEETING
Fair economic practices imperative as world seeks stable trade: EAM Jaishankar to BRICS amid Trump tariff turmoil
Amidst global economic uncertainties and trade volatility exacerbated by Trump's tariff policies, External Affairs Minister Jaishankar conveyed Prime Minister Modi's message at the BRICS virtual summit. He emphasized the collective desire for a stable and predictable environment for trade and investment. Jaishankar highlighted concerns over the failing multilateral system in addressing global challenges like conflicts and climate events.
Trump watched the Chinese parade last week organized by Xi Jinping, and was stunned
Trump is planning a trip to South Korea for the APEC summit. He may meet Xi Jinping and could also have talks with Kim Jong Un. His visit comes after China’s big military parade that Trump watched closely. The trip is linked to trade talks, economic ties, and building stronger international relations.
Trump’s tariffs could reduce India's GDP by 0.5%, says CEA Anantha Nageswaran
India’s CEA V. Anantha Nageswaran said US President Trump’s 50% tariffs could trim India’s GDP by 0.5–0.6% this year, with greater risks if extended. The tariffs hit exports like textiles and jewellery, India’s key US markets. Still, he maintained a 6.3–6.8% growth outlook, citing strong Q1 growth, tax cuts, low inflation, GST relief, and fiscal support.
Xi and Putin to join BRICS trade summit that PM Modi decided to skip
China confirmed President Xi Jinping will join a virtual BRICS summit on Sept. 8, hosted by Brazil to discuss Donald Trump’s trade policies. Russia’s Vladimir Putin will also attend, while India’s Narendra Modi will send his foreign minister. The meeting, including South Africa, aims to back multilateralism, but no joint statement will follow the closed-door session.
Who is Toshimitsu Motegi: former Foreign Minister and LDP veteran seeking Japan’s PM role
Former Japanese Foreign Minister Toshimitsu Motegi announces candidacy for Liberal Democratic Party leadership following PM Ishiba's resignation. Multiple candidates emerge for Japan's next prime minister position
India waits before calling it a reset as Trump talks of ‘special relationship’ with PM Modi
Following weeks of trade tensions and tariff impositions, President Trump has softened his stance towards India, praising Prime Minister Modi and highlighting the "special relationship" between the two nations. Despite this, New Delhi is proceeding cautiously, awaiting more concrete signals from Washington before considering a return to normalcy in relations.
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India, Israel to sign bilateral investment treaty this week
Israeli Finance Minister Bezalel Smotrich's upcoming visit to India aims to strengthen economic ties, with the signing of a bilateral investment treaty (BIT) expected. This BIT seeks to protect investors and boost confidence through assured treatment and dispute resolution. Discussions will also lay the groundwork for a free trade agreement (FTA) to further enhance trade between the two nations.
India cautions SCO against misuse of export measures
India cautioned against weaponizing export measures at the SCO trade ministers' meeting, emphasizing the need for fair trade practices and a functional WTO. India highlighted diversifying supply chains, addressing trade imbalances, and ensuring climate measures don't discriminate. The nation also proposed SCO workstreams for the digital economy and spotlighted the AVGC sector's potential.
India, EU working on series of transformative initiatives besides eyeing to seal FTA by December
India and the European Union are set to intensify negotiations for a free trade agreement, aiming to resolve differences on rules of origin, market access, and duties. High-level meetings are planned, including visits by EU officials and committees, to finalize the deal by year-end.
Jason Miller, head of US lobbying firm hired by India meets President Trump
Amid trade tensions, Indian lobbyist Jason Miller, hired by the Indian embassy, met with President Trump and administration officials. While the meeting's purpose remains undisclosed, it occurred as Trump increased tariffs on Indian goods and expressed concerns over India's actions, despite affirming a "special" relationship and friendship with Prime Minister Modi. Modi reciprocated, highlighting the positive strategic partnership.
India reaffirms commitment to WTO-centred, fair trade system at SCO Trade Ministers' Meeting
India stressed the scope to leverage the Shanghai Cooperation Organisation's (SCO) collective strengths for shared prosperity at the SCO Trade Ministers' Meeting held in Vladivostok and highlighted the need for export diversification, reducing dependency, and building resilient supply chains, the Ministry of Commerce and Industry said in a statement Sunday.
Trump may hold bilateral talks with China’s Xi Jinping in South Korea amid tariff battle: Report
President Trump and his advisors are reportedly planning a trip to South Korea in October for the APEC trade ministers' meeting. This summit presents a crucial opportunity for Trump to potentially meet with Chinese President Xi Jinping to discuss trade, defense, and civil nuclear cooperation. The administration also aims to secure further economic investments in the U.S. during the trip.
5 world market themes for the week ahead
Global markets brace for a week of pivotal economic data from the U.S., China, and Japan, alongside key central bank meetings. Investors are keenly awaiting the U.S. inflation report, influencing potential Federal Reserve rate cuts. Political uncertainties in France and Norway add to the market's cautious sentiment.
European leaders urge India to play a role in achieving peace in Ukraine
Europe is engaging with India, urging New Delhi to help establish peace in Ukraine. This follows meetings between the Indian PM and the Russian and Chinese presidents. European leaders are leveraging the PM's rapport with the Russian President for a peace deal. India views engagement with Europe as vital for finalizing a free trade agreement.
S Jaishankar to represent India at BRICS virtual summit on Monday
External Affairs Minister S Jaishankar will represent India at a virtual BRICS summit convened by Brazil to address trade disruptions caused by US tariff policies. The meeting aims to forge a unified strategy in response to Washington's trade actions. With the US expressing concerns about BRICS' agenda, India's participation reflects a balancing act.
'It's not a secret': Russian President Vladimir Putin reveals the discussion with PM Modi in his limo
President Vladimir Putin disclosed to Russian media the topics discussed with Prime Minister Narendra Modi during their limousine ride at the SCO summit in Tianjin. Putin revealed he informed Modi about the Alaska negotiations. This conversation occurred amidst strained India-US trade relations, with Washington imposing tariffs on New Delhi due to continued Russian crude oil purchases.
India-Germany agree on gratis visas for student exchange programs
India and Germany have agreed to provide gratis visas for short-term school and college visits to boost student exchanges and educational ties. They are also establishing a bilateral consultation mechanism for the Indo-Pacific region. Discussions encompassed trade, investment, defense, technology, and global issues like the Russia-Ukraine conflict, with India expressing gratitude for Germany's support against terrorism.
India raises exporters’ mobility, visa, non-tariff barriers issues in EU with Germany
During a meeting in New Delhi, India addressed migration, visa processes, and non-tariff barriers impacting Indian exporters in the EU, including Germany. Minister Goyal and Foreign Minister Wadephul agreed to collaborate on resolving these issues to facilitate smoother trade.
India raises concerns over mobility, non-tariff barriers faced by Indian exporters in EU
India has voiced concerns to Germany regarding migration, visa processes, and non-tariff barriers impacting Indian exporters in the EU. Both nations have committed to collaborative efforts aimed at resolving these issues and fostering smoother trade relations. The ministers also discussed doubling bilateral trade in goods and expanding trade in services.
Immense potential to scale up India-Germany ties: PM Modi
Narendra Modi highlighted the potential for increased India-Germany cooperation. This includes trade, technology, innovation, sustainability and manufacturing. Modi met with German Foreign Minister Johann Wadephul. They celebrated 25 years of strategic partnership. Wadephul appreciated India's call for a ceasefire in Ukraine. Both countries aim to expand their partnership in security, defence, economy, trade and skilled labour.
India counting on Germany's support to expedite trade talks with EU
Indian Foreign Minister Subrahmanyam Jaishankar urged German counterpart Johann Wadephul for support in strengthening ties with the European Union and advancing free trade agreement discussions. Wadephul is visiting India for two days, having been in Bengaluru on Tuesday.
Piyush Goyal to meet exporters on September 3 amid high US tariffs
Commerce Minister Piyush Goyal will meet with exporters in New Delhi. They will discuss strategies to increase India's exports. This meeting is crucial because the US imposed a 50% tariff on Indian goods. The ministry is considering short, medium, and long-term plans. These plans aim to ease norms for SEZ units and promote e-commerce exports.
Trump aide Navarro hits hard at PM Modi aligning with 'biggest authoritarian dictators' Putin and Xi Jinping
Navarro's criticism comes at a sensitive moment in India-US relations, already strained by Washington’s imposition of 50 per cent tariffs on Indian goods. The measures include an additional 25 per cent penalty tied to India’s continued purchases of discounted Russian crude oil. Navarro argued that India should instead strengthen its partnerships with the United States, Europe and Ukraine rather than deepening economic ties with Moscow.
BRICS leaders schedule virtual meeting to discuss Trump tariffs
Brazil's President Lula is convening a virtual BRICS meeting to address Donald Trump's trade policies and advocate for multilateralism. The meeting follows escalating trade tensions with the US, including tariffs imposed on Brazil and visa revocations for Supreme Court justices. With shifting dynamics among BRICS nations, a stronger stance against US tariffs may emerge.
India, UAE discuss pharma, local currency settlement system
India and the UAE recently engaged in discussions. They focused on strengthening ties in renewable energy and digital infrastructure. Both nations want better trade data sharing. This will improve monitoring under their trade agreement. They also reviewed progress under the India-UAE CEPA. The aim is to reach $100 billion in non-oil trade by 2030.
Russia-India-China troika takes centre stage as PM Modi meets Putin, Xi Jinping at SCO Summit
The Russia-India-China troika regained prominence at the SCO Summit on Monday, with Prime Minister Narendra Modi, Vladimir Putin and Xi Jinping sharing smiles in a moment closely observed on video.
Border, trade, and terrorism: What Modi, Xi discussed in Tianjin
In Tianjin, India and China pledged to resolve their border dispute fairly and expand trade ties to stabilize global commerce. Prime Minister Modi emphasized border peace for bilateral progress, advocating for relations built on mutual trust and sensitivity. Both leaders recognized their economies' role in stabilizing world trade and addressing challenges like terrorism.
PM Modi to hold bilateral meet with Vladimir Putin, will also address plenary session of SCO summit
Prime Minister Narendra Modi is addressing the Shanghai Cooperation Organisation (SCO) summit in Tianjin before holding a bilateral meeting with Russian President Vladimir Putin. Modi has already met Chinese President Xi Jinping, where both leaders reaffirmed that India and China are “development partners, not rivals”. Talks covered border stability, trade, and cultural exchanges. Modi also invited Xi to the 2026 BRICS summit in India. His meeting with Putin comes as India balances US tariffs, energy security, and a growing trade partnership with Moscow.
PM Modi's mega Global South outreach on SCO sidelines
Prime Minister Modi engaged with leaders from the Global South at the SCO Summit, aiming to strengthen economic and strategic ties. Discussions spanned Central Asia, Eurasia, and Southeast Asia, with a focus on expanding export markets and harnessing natural resources. A key meeting with Myanmar's leader emphasized India's 'Neighborhood First' and 'Act East' policies, covering development, security, and connectivity projects.
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