South Korea has recorded a surge in exports, reaching a four-decade high, driven by a booming semiconductor industry. The strong global demand for chips, particularly in sectors such as artificial intelligence, consumer electronics, and automotive manufacturing, has significantly boosted the country’s trade performance. Semiconductors remain South Korea’s top export, with leading companies ramping up production to meet increasing international demand. The global shift towards digital technologies and AI-driven applications has further accelerated the need for advanced chips. The exp
The Government of India has announced a major investment of Rs 39,272 crore aimed at strengthening the fisheries sector, with a strong emphasis on innovation, sustainability, and startup-led growth. The initiative builds on existing frameworks such as the Pradhan Mantri Matsya Sampada Yojana, which seeks to modernise infrastructure and enhance productivity in the sector. The investment is expected to support the development of modern fishing infrastructure, cold chains, processing units, and export-oriented facilities. It also aims to improve livelihoods for millions of fishermen and promo
External Affairs Minister S. Jaishankar met a visiting delegation from the European Parliament, reviewing the evolving strategic partnership between India and the European Union. The discussions focused on strengthening cooperation across trade, technology, security, and global governance frameworks. The meeting comes at a crucial time when India–EU relations have gained renewed momentum, particularly after the conclusion of a landmark free trade agreement earlier in 2026. The agreement aims to liberalise trade, boost investment flows, and enhance regulatory cooperation between the two e
Union Commerce and Industry Minister Piyush Goyal has called on the World Trade Organization to restart time-bound reforms and strengthen the enforceability of global trade rules during the 14th Ministerial Conference in Cameroon. Goyal emphasized that consensus-based decision-making remains central to the WTO’s legitimacy and urged members to rebuild trust within the multilateral trading system. He highlighted the need for inclusive reforms that allow all nations, especially developing countries, to build productive capacity, generate employment, and participate meaningfully in global t
The Government of India has announced a major financial push of Rs. 28,840 crore to strengthen regional air connectivity under the revamped UDAN (Ude Desh ka Aam Nagrik) scheme. Spearheaded by Prime Minister Narendra Modi, the initiative aims to make air travel more accessible and affordable while boosting economic development in underserved and remote regions. The modified UDAN scheme will focus on expanding connectivity to tier-2 and tier-3 cities, improving aviation infrastructure, and incentivising airlines to operate on less profitable routes. The government also plans to upgrade regi
Union Commerce and Industry Minister Piyush Goyal held discussions with Mexico’s Secretary of Economy to explore avenues for enhancing bilateral trade and investment cooperation between the two countries. The meeting focused on strengthening economic engagement and identifying new opportunities across key sectors. Both sides emphasised the importance of deepening commercial ties in areas such as manufacturing, pharmaceuticals, automobiles, and technology. The discussions also covered ways to facilitate smoother market access and encourage greater participation of businesses from both nat
India and the European Union (EU) have intensified their engagement to accelerate ongoing negotiations on trade and technology cooperation, signalling renewed momentum in their strategic partnership. The move follows commitments made during the January 2026 India–EU Summit, with both sides aiming to fast-track outcomes in the coming months. A series of high-level interactions and initiatives is being planned, including the visit of an 11-member European Parliament delegation to India led by Angelika Niebler. The visit is expected to strengthen parliamentary ties and facilitate progress i
In Phnom Penh on March 23, India and Cambodia reaffirmed their commitment to deepening bilateral ties across multiple sectors. P. Kumaran, Secretary (East) at the Ministry of External Affairs, met Prak Sokhonn to explore avenues for enhancing cooperation in diplomacy, trade, and development. Discussions highlighted the importance of strengthening multifaceted engagement between the two nations. Kumaran also held talks with Phoeurng Sackona, focusing on heritage conservation and cultural collaboration. India’s ongoing efforts in restoring historic sites were underscored during his visits
Union Commerce and Industry Minister Piyush Goyal held a series of high-level virtual meetings aimed at strengthening India’s global economic partnerships and fostering domestic innovation. In discussions with Marcelo Ebrard, the focus was on enhancing India-Mexico economic engagement, boosting bilateral trade, and unlocking new investment opportunities. The interaction underscored the shared commitment of both nations to deepen commercial ties. Goyal also met Patrik Jonsson of Eli Lilly and Company, where talks centred on India’s growth trajectory and the company’s expanding inve
Amid an evolving global trade landscape, Malaysia has witnessed a strong surge in exports to Nigeria, which grew by 20.7 percent to $664 million in 2025. This expansion was largely driven by palm oil and related agricultural products, which recorded a 33.7 percent increase. Significant growth was also seen in transport equipment, machinery and parts, and processed food, reflecting a diversified export portfolio. During the same period, Malaysia’s imports from Nigeria were led by agricultural products, followed by petroleum products, metalliferous ores, and crude petroleum. Total bilatera