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Global Trade Data

G20 Highlight: EU, US Join Forces To Promote the Trans-African Corridor

G20 Summit 2023, held by the Indian presidency, put a spotlight on the Trans-African Corridor. The initiative highlights the partnership between the US as a country, and the European Union as a group of nations to come together and build an alliance with Africa as a continent. In the partnership for the Trans-African Corridor, the US and the EU will support Africa in the development of the three countries—Angola, Zambia, and DR Congo. The corridor will connect these major regions of Africa with potential values to the global trade markets via Angola’s Port.
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Global Trade

G20's DPI Fostering Global Trade Growth and Opportunities For Countries

G20 Summit 2023, held by the Indian presidency on 8 September 2023, marked the beginning of a new geopolitical and economic transformation as the group of 20 countries gathered and paved the way for more inclusive, sustainable and transformative growth. One of the major highlights of the G20 Summit was the announcement of the establishment and expansion of the Digital Public Infrastructure (DPI) framework on a global scale.
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India Export

India Emerging As One Of The Major Global Powerhouses, Surpassing China

India is emerging as one of the biggest manufacturing hubs and a powerhouse, surpassing China’s feat in the position. India’s “Make In India” initiative has brought these new changes in the country’s uplift and development, establishing partnerships with different countries. The trade growth of India has also increased significantly. In contrast, China’s trade growth has declined considerably following the important influencing events of the COVID-19 pandemic and Russia’s invasion of Ukraine, which changed the pattern of how companies operate and make business decisions in the global market.
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India-Canada Trade

India-Canada Relations – Bilateral Trade and Rising Political Tension

With increasing tensions between India and Canada, the negotiations between both countries on the free trade agreement (FTA), which resumed after a decade, could come to a halt due to political concerns. India’s imports from Canada totaled USD 3,906 million and India’s exports to Canada totaled USD 4,251 million in 2022. Both import and export values increased as compared to the previous year. Here is a detailed overview of India’s trade with Canada.
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Global Trade Data

India-Saudi Arabia Relations – Bilateral Trade Reaches USD 56 Billion in 2022

India and Saudi Arabia enjoy cordial and friendly relations reflecting the centuries-old economic and socio-cultural ties. At the recently held G20 Summit, the India-Middle East-Europe Corridor was launched to boost trade among India, and Middle Eastern countries including Saudi Arabia, European nations, and the United States of America. India and Saudi Arabia also discussed the possibility of trading in local currencies and expediting the negotiations for a free trade agreement between India and the Gulf Cooperation Council of which Saudi Arabia is a member.
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