TRADE UPDATE #210

Global Trade Fairs on Cards

21/05/2026

India's Commerce Minsitry has identified 12 priority countries for enhanced bilateral trade, foreign investment, and economic cooperation. The goal is to strengthen India's relationships and expand its presence in key markets. Moreover, to support export growth, the government is planning to host a series of global trade fairs focusing on promising industries like textiles, automobiles, and electronics. On the other hand, India's digital trade systems and sustainable practices were highlighted in a recent global survey held by United Nations' Economic and Social Commission for Asia Pacific (UNESCAP).

ECONOMY

Global trade fairs on cards; sectoral targets for $1 trillion exports by ’30

India is mulling mega trade fairs for food, textiles, and auto components, on the lines of Messe Frankfurt, Gulfood, and Canton Fair, to achieve 12% growth in goods exports by 2030.


SHIPPING & LOGISTICS

Countries agree to slash shipping emissions but not enough to stay within warming limits

Maritime nations agreed Friday to slash emissions from the shipping industry to net zero by about 2050 in a deal that several experts and nations say falls short of what’s needed to curb warming to agreed temperature limits.


ECONOMY

Commerce Ministry to promote trade, investment; prioritise 12 countries

The commerce and industry ministry has worked out a detailed plan to promote trade and investment and identified 12 countries, including the US and UK, for priority action, an official said.


WORLD ECONOMY

India rises in digital and sustainable trade facilitation rankings, scores 100% on transparency: Fin Min

India's score has jumped to 93.55% in 2023 from 90.32% in 2021 in the United Nation's Economic and Social Commission for Asia Pacific (UNESCAP) latest global survey on digital and sustainable trade facilitation.


INTERNATIONAL TRADE

India for ‘de-dollarising’ trade with more nations

India is exploring the possibility of developing trade settlement mechanisms in national currencies with East Asian countries and members of the Asian Clearing Union (ACU) after having made similar arrangements with 18 other nations, people familiar with the matter said.


OTHER NEWS