Carney, Mark
Canadian Prime Minister Mark Carney recently apologized to US President Donald Trump over an anti-tariff advertisement produced by the province of Ontario that was perceived as misrepresenting former US President Ronald Reagan's views on trade. The advertisement, which was used in a commercial, featured Reagan's speech
International trade
Union ports, shipping, and waterways minister Sarbananda Sonowal announced that investment pledges worth Rs 12 lakh crore have been signed at the India Maritime Week 2025, reflecting India's goal to rank among the top five shipbuilding nations globally by 2047. The development is significant as shipping accounts for
International trade
The global trade environment is bracing for a potentially tumultuous 2026, as a convergence of factors including US mid-term elections, the renegotiation of the Canada-United States-Mexico Agreement, and a Supreme Court decision on tariffs threatens to create a volatile market. "Buckle up," advised Vincent Caron, the Ontario Chamber
International trade
At the recently concluded India Maritime Week 2025, a significant commitment of investment worth Rs 12 lakh crore was sealed, with a notable 20% of this being allocated towards shipbuilding, union ports, shipping, and waterways minister Sarbananda Sonowal announced. This development aligns with India's ambitious goal to rank
International trade
President Ferdinand Marcos Jr. called on leaders of the Asia-Pacific Economic Cooperation (APEC) to prioritize the restoration of the World Trade Organization's (WTO) dispute settlement mechanism and Appellate Body during the 32nd APEC Economic Leaders' Meeting in Gyeongju, South Korea. Marcos emphasized that small economies would be
International trade
Sri Lanka and Israel are expanding their economic ties with a joint initiative between the Sri Lankan Embassy, Sri Lanka Export Development Board, and the Israel-Asia Chamber of Commerce to strengthen relations and establish new trade routes between Sri Lanka's gem and jewellery entrepreneurs and Israel's
International trade
US sanctions against Russia's leading oil corporations, Rosneft and Lukoil, may not prompt India and China to stop buying Russian crude oil entirely, despite short-term disruptions. The sanctions mark the first Ukraine-related sanctions actions on Russian energy entities during Trump's second term. According to Kpler, a
International trade
The India Maritime Week 2025 has witnessed the signing of investment pledges worth 12 lakh crore, with a significant focus on shipbuilding, union ports, shipping, and waterways. This development is in line with India's goal to rank among the top five shipbuilding nations globally by 2047. The investments
International trade
President Trump's attempts to reorient global trade are posing significant challenges for Southeast Asia as companies and governments navigate the ambiguity surrounding the rule of origin, a critical component of his trade policies. The definition of goods' origin will determine the impact of tariffs on imports, with
International trade
APEC's transformation from a fringe forum to the epicenter of global politics is complete, with the summit in Busan, South Korea, marking a pivotal moment in the century's defining relationship. Today, the Asia-Pacific Economic Cooperation (APEC) forum, representing 21 economies and 60% of global GDP, played
International trade
The United States and China, the world's two largest economies, have agreed to a temporary ceasefire in their ongoing trade dispute after a nearly two-hour meeting between Presidents Donald Trump and Xi Jinping in South Korea. The pact, which is set to be finalized later, includes several key
International trade
The state of Maharashtra in India is poised to accelerate industrial growth and strengthen logistics connectivity along its coastline with a projected INR 56,000 crore investment in the maritime and port sector. The investments, which are part of the state's ongoing efforts to make its ports key
