Switzerland has assured that the suspension of the MFN clause in its Double Taxation Avoidance Agreement with India will not decelerate ratification of the India-EFTA Trade and Economic Partnership Agreement.
Despite concerns over potential negative impacts, the Swiss embassy in India confirmed the decision would not disrupt the trade pact’s progress nor adversely affect bilateral investments.Read More
China saw online retail sales worth 14 trillion yuan ($1.92 trillion) in the first 11 months this year—up by 7.4 per cent YoY, according to the National Bureau of Statistics.
Among those, sales of physical commodities grew by 6.8 per cent YoY during the period.
Ministry of commerce data show sales of industrial e-commerce platforms with a scale above 10 billion yuan rose steadily in the period.Read More
ICE cotton prices rose on Monday, driven by speculative buying after hitting a one-month low.
The March 2025 contract settled at 69.06 cents per pound, marking a 1.36-cent increase, with triple-digit gains in early contracts.
Stabilised grain markets and mill buying at attractive price levels supported the rise.
Speculators increased net short positions, while open interest fell.Read More
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Ten pacts have been signed among the DRDO, IIT Delhi and industry partners.
These include those on transferring technology of light-weight bullet-resistant jacket to Mishra Dhatu Nigam, Rohtak; SMPP Pvt Ltd, Delhi; and AR Polymers, Kanpur; and for limited series production of extreme heat protective clothing with Arrow Garments and two other companies based in Delhi.Read More
The producer prices of industrial products in Germany were 0.1 per cent higher YoY and 0.5 per cent higher month on month (MoM) in November.
This was the first YoY increase recorded since June 2023.
Higher capital goods prices were the main reason for the YoY rise.
When energy prices are excluded, producer prices in November were up by 1.3 per cent YoY and down by 0.1 per cent MoM.Read More
In November 2024, South Korea’s apparel imports rose to $907.518 million, marking a 5.22 per cent increase year-on-year, despite a sharp 32.16 per cent decline from October.
Over the year, total imports amounted to $11.430 billion, with significant contributions from both knitted and non-knitted apparel.
The country also maintained robust exports of textile materials.Read More
UK manufacturing output fell sharply in Q4 2024, with volumes dropping at the fastest pace since mid-2020 (-25 per cent) and further declines expected by Q1 2025 (-31 per cent), per CBI.
Order books weakened significantly, export orders fell, and stocks of finished goods were high.
Selling price inflation rose.
Political instability and budget impacts drove low confidence.Read More