India's exports are expected to grow despite global trade uncertainties, according to Director General of Foreign Trade Santosh Kumar Sarangi. Steps like production linked incentive schemes are boosting domestic manufacturing and order books remain positive, suggesting a healthy growth rate for exports, as emphasized by FIEO Director General Ajay Sahai. Director General of Foreign Trade Santosh Kumar Sarangi said that exporters should tread the path pragmatically and wisely to navigate the current global trade contours. He also said that the current scenario presents a "golden" opportunity for India to do a variety of things which will propel exports and increase manufacturing competitiveness.
Source: The Economic Times
India and the US are currently engaged in active and intense trade discussions, aiming for a bilateral trade agreement by fall 2025. Following recent talks between Prime Minister Modi and President Trump, the negotiations also include topics like opening up India's agricultural market and boosting energy relations. India and the US are holding "very active" and "intense" discussions on trade, External Affairs Minister S Jaishankar said on March 26, 2025, as the world waits with anxiety over US President Donald Trump's reciprocal tariff that will kick in on April 2. In an interactive session hosted by leading think-tank Asia Society, Jaishankar, however, declined to pre-judge the immediate outcomes of the trade negotiations but said there is a strong "business case" for a bilateral trade agreement (BTA) between the two countries.
Source: The Economic Times
Commerce and Industry Minister Piyush Goyal highlighted the need to reduce the time for implementing trademarks and copyrights in India. He emphasized improving the enforcement mechanism and developing the IP ecosystem. Goyal pointed out that patent filings are increasing due to better processing times. The government is focusing on increasing IP protection awareness, especially in tier two and three cities. Commerce and industry minister Piyush Goyal said on March 26, 2025, that the time taken to implement trademarks and copyrights needs to be compressed and any delays done away with. “Our trademark filings are the sixth largest in the world today. Our patent grants last year was about 100,000, maybe slightly less, because last year we were able to take off, shed off a lot of the backlog,” Goyal said at the National Intellectual Property (IPR) awards
Source: The Economic Times
The Third Session of the India-Uganda Joint Trade Committee (JTC) took place in New Delhi on March 25-26, 2025, marking a renewed commitment to strengthening economic ties between the two nations after a 23-year gap, an official press release by the Ministry of Commerce and Industry stated.
Both sides acknowledged that the current trade volume does not reflect the full potential of their partnership and committed to taking focused measures to expand and diversify bilateral trade. They also discussed the establishment of an India-Uganda Joint Business Forum to enhance engagement between industry leaders from both countries.
Source: The Business Standard
Prime Minister of Kazakhstan Olzhas Bektenov and Zhang Qihai, CEO of the Chinese company Xinjiang Lihua – one of China’s top 55 agricultural companies, specializing in the full cycle of cotton processing – discussed the creation of a large cotton and textile complex in the Turan Special Economic Zone in the Turkestan region. The full-cycle project, valued at more than $396 million, is expected to be a key driver of economic growth in the region. The project involves the launch of an agro-industrial hub with a closed production cycle—ranging from growing cotton on 50,000 hectares to manufacturing finished products such as yarn, fabrics and clothing.
Source: Kz.kursiv
PHNOM PENH: Some of Cambodia's most popular export products are set to take centre stage at the end of the month, when Phnom Penh hosts the Global Textile Summit 2025.
The European Chamber of Commerce in Cambodia (Eurocham) announced on Tuesday (March 25) that the event will take place on March 31 and April 1 at the Sofitel Phnom Penh Phokeethra.
The summit will bring together business leaders, development partners and global brands to discuss the future of the kingdom’s garment, footwear and travel goods sector.
Packed with activities, it will include discussions and expert-led presentations on various aspects of the textile industry.
Source: The Star
Bangladesh's exports have shown resilience, displaying steady growth in key sectors such as garments, plastics and seafood in the first eight months of fiscal year (FY) 2024-25, somewhat defying global economic headwinds and domestic concerns like high inflation and political uncertainty. In February, export earnings stood at $3.97 billion, a 2.77 percent year-on-year increase from $3.86 billion, according to data published by the Export Promotion Bureau (EPB). This development comes days after the Bangladesh Bank reported a jump in remittance inflows, which surged 25 percent year-on-year to $2.52 billion last month, offering much-needed relief to a strained economy.
Source: The Daily Star
