Trade agreements
US President Donald Trump has announced a trade deal with Pakistan, hinting at the country's potential to sell oil to India in the future. The deal aims to develop Pakistan's massive oil reserves, which have long been a subject of speculation. Pakistan's Prime Minister
Trade agreements
South Korea's top trade negotiator, Finance Minister Koo Yun-cheol, credited the country's comprehensive proposal for shipbuilding industry cooperation with the US as the key factor in reaching a trade deal with President Donald Trump's administration. The agreement will lower "reciprocal" tariffs on
Trade agreements
The Indian government is actively engaged in trade negotiations with several major economies, including the European Union, the US, Australia, Sri Lanka, Peru, Chile, and New Zealand. Minister of State for Agriculture and Farmers Welfare Ram Nath Thakur informed Lok Sabha on Tuesday that these negotiations aim to expand India&
Trade agreements
As part of a newly agreed trade deal with the US, Europe is set to spend over $750 billion (E700 billion) on mostly fossil fuel imports from the US over the next three years. Critics warn that this move risks undermining the EU's climate targets, increasing greenhouse gas
Trade agreements
South Korean and US officials are in an all-out diplomatic effort to finalize a trade deal before a Friday deadline, when 25% reciprocal tariffs and sector-specific duties will take effect. The negotiations are focusing on areas like semiconductors, batteries, biotechnology, and shipbuilding cooperation. The South Korean government is also considering
Trade agreements
Seoul is racing against the clock to finalize a trade deal with Washington, with top officials visiting the US to secure crucial agreements in key sectors such as semiconductors, batteries, biotechnology, and shipbuilding. As the July 30 deadline looms, the South Korean government is pitching a comprehensive package that includes
Trade agreements
EU leaders are reeling from a US trade deal that leaves the bloc with worse terms than Brexit Britain, with Hungarian Prime Minister Viktor Orban accusing European Commission chief Ursula von der Leyen of being "a featherweight" in negotiations with US President Donald Trump. The deal, agreed upon
Trade agreements
European Commission chief Ursula von der Leyen faced backlash from EU leaders after securing a trade deal with US President Donald Trump, which she described as "huge" and bringing "stability" and "predictability." However, Hungarian PM Viktor Orban and others lambasted the deal, citing its
Trade agreements
European leaders have expressed reservations about the recently agreed-upon trade deal with the US, citing potential economic damage. German Chancellor Friedrich Merz stated that the agreement will cause "considerable damage" to the European economy, leading to increased inflation and affecting transatlantic trade. French Prime Minister Francois Bayrou echoed
Trade agreements
Global oil prices edged higher on Monday as a US-European Union trade deal and the possibility of extending a tariff pause with China alleviated concerns about trade tensions and fuel demand. Brent crude futures inched up 22 cents, or 0.32 per cent, to 68.66 dollars a barrel, while
Trade agreements
The recently signed Comprehensive Economic and Trade Agreement (CETA) between India and the UK has been hailed as a major milestone in the nations' economic relations. However, the agreement has sparked controversy over its provision on patent term extensions and data exclusivity, which are commonly used by innovator companies
Trade agreements
The European Union and the US averted a potential trade war by striking a last-minute trade deal ahead of President Trump's tariff deadline of August 1. This agreement comes on the heels of a similar deal between the US and its other major economic partner, Japan, just days
