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    Canada's top envoy to US will resign before review of free trade agreement
    Canada's top envoy to the US will resign before review of free trade agreement
    MERC and state discom imposed power tariff hikes by violating law: Cong MLA
    Rice exporters play down US tariff threat, reject 'dumping' charge
    Global Organic Market Rises; India Strengthens Exports with Revised NPOP and New Trade Partnerships
    Pak, Indonesia ink 7 MoUs to bolster cooperation as PM Shehbaz holds talks with Prez Subianto
    K. V. Toys India Limited Launches IPO to Support Expansion and Working Capital Needs
    India should not be dumping rice into US market; will take care of it: President Trump
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    India, US trade team to start three-day talks from Dec 10: Sources
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December 10, 2025
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Canada's ambassador to the US will resign ahead of the USMCA review to allow new leadership for trade negotiations.
Canada's ambassador to the United States will resign ahead of the scheduled review of the United States-Mexico-Canada Agreement so new leadership can oversee the USMCA review; the ambassador is credited with laying the groundwork for that review and previously led bilateral trade negotiations between the two countries.
December 10, 2025
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Canada's ambassador will resign to allow leadership to oversee the USMCA trade agreement review in 2026.
Canada's ambassador to the United States announced her resignation to permit a successor to oversee the 2026 review of the United States-Mexico-Canada Agreement. The resignation is presented as a transition timed for bilateral trade negotiations; the ambassador previously led trade talks and high-level diplomatic efforts. The notice is placed against Canada's substantial export dependence on the United States, the significance of energy and critical minerals in bilateral commerce, recent political frictions that stalled talks, and domestic aims to diversify trade while preparing for formal review and renegotiation under the agreement.
December 9, 2025
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Electricity tariff hikes alleged to have violated procedure; petition seeks Rs11,750 crore recovery and calls for inquiry.
Allegations state the regulator reversed a tariff-reducing order and approved increases without mandatory public hearings, later admitting errors and using inconsistent financial figures to justify hikes. A utility has filed a petition seeking Rs 11,750 crore in cost recovery from consumers; calls are made for a judicial inquiry into tariff decisions, avoidance of an appeal against the judicial invalidation, and action against officials responsible for the alleged public loss.
December 9, 2025
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Indian rice exporters say US tariff threat and antidumping claim unlikely to curb exports; US consumers would mainly bear higher duties.
Threatened additional US duties on Indian rice and a simultaneous antidumping allegation are central; exporters say staged tariff increases to the current 50 percent have not materially affected exports because US imports are a small share of India's global shipments, reject the dumping charge as unfounded, and point to market diversification and robust global demand such that further US tariffs would mainly burden US consumers rather than Indian export volumes.
December 9, 2025
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Indian organic exports strengthened by revised NPOP, MRAs with trading partners, and APEDA led export promotion and training.
The 8th edition of the National Programme for Organic Production, implemented July 2025, enhances credibility, transparency and farmer friendly compliance for NPOP certification; certification bodies report operator and export data via the TraceNet platform. Trade facilitation includes Mutual Recognition Arrangements-operational with Taiwan and implemented with Australia in September 2025-supported by APEDA engagement, export promotion at major events, and nationwide outreach and training to build stakeholder capacity and market access for NPOP certified products.
December 9, 2025
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Pakistan-Indonesia cooperation expands via seven MoUs across education, trade, health and security to rebalance trade.
Seven Memoranda of Understanding establish cooperation frameworks in higher education and scholarships, SME business facilitation, Halal trade and certification, national archives linkage, narcotics control and anti-illicit-drug trafficking collaboration, and public health including deployment of Pakistani medical professionals, while political commitments aim to rebalance bilateral trade by expanding Pakistani agricultural and IT exports.
December 9, 2025
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K. V. Toys India Limited launches IPO to raise funds for expansion, working capital and debt repayment.
K. V. Toys India Limited proposes an Initial Public Offering of up to 16,80,000 equity shares via a book-built issue at a ?227-?239 price band for proposed listing on the BSE SME Platform, with identified lead manager, registrar and market maker; reserved allocations for anchor investors, QIBs, NIIs, individuals and market maker; specified lot sizes and an expected basis of allotment timeline. Net proceeds are proposed to be used primarily for working capital and repayment/prepayment of borrowings, and the red herring prospectus is available for investor review.
December 9, 2025
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India rice dumping: President says tariffs will 'take care' and urges action against alleged exporters.
The president pledged to address alleged rice "dumping" by India, Thailand and China through tariffs, following industry complaints and a White House roundtable; an existing World Trade Organisation complaint and recent lower court rulings limiting use of emergency powers to impose tariffs were noted, with a pending Supreme Court decision seen as determinative. The piece also reports India's global rice production and export shares, and industry views that recent US tariffs constitute a temporary hurdle.
December 9, 2025
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Farm aid: President proposes $12 billion package including $11 billion in bridge payments to support row crop farmers.
The administration proposes a USD 12 billion farm aid package, with about USD 11 billion for a Farmer Bridge Assistance program providing one-time payments to row crop producers and the remainder for other growers, intended to offer sales certainty amid tariff-driven export disruptions; the package coincides with an executive directive for DOJ and FTC review of alleged anti-competitive conduct in food supply chains.
December 8, 2025
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India EU free trade agreement talks make progress on market access and rules of origin but steel, autos and carbon tariffs remain unresolved.
Negotiations aim to finalise an India EU free trade agreement at the forthcoming summit, with progress reported on agricultural market access, alcoholic beverages and convergence on rules of origin, while key issues persist on steel, automobiles, the EU's Carbon Border Adjustment Mechanism and regulatory alignment; continued engagement is deemed essential to sustain momentum and deliver the deal that would deepen bilateral trade ties (USD 135 billion goods trade in 2023-24).
December 8, 2025
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Nawanagar SEZ to allot 126.51 acres for export units, boosting industrial investment, infrastructure and jobs.
Nawanagar is allocated 126.51 acres for Special Economic Zone development within a larger industrial area, with export oriented units to be allotted land to increase exports and create employment; implementation focuses on land utilisation, existing industrial activity, investment, market linkages and supporting infrastructure including roads, power and drainage, with regional connectivity improvements cited as facilitating trade and socio economic development.
December 8, 2025
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Federal Reserve rate decision expected to cut rates, boosting markets but raising inflation risk amid mixed economic signals.
Markets are positioned for a likely Federal Reserve benchmark interest-rate cut this week intended to shore up a slowing labour market; such a cut would lower borrowing costs and boost asset prices but could exacerbate inflation risks, while recent underlying inflation measures and consumer inflation expectations leave the anticipated policy path largely unchanged.
December 8, 2025
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US India trade talks set for Dec 10-11 to address tariffs and finalise first tranche of a bilateral trade pact.
Negotiations on a proposed Bilateral Trade Agreement are set for December 10-11 to finalise a first framework tranche and negotiate reciprocal tariff arrangements after the US imposed a 25% tariff plus a 25% penalty on certain Indian goods; talks run in parallel with a comprehensive trade deal track and have completed six rounds aiming to address exporter tariff burdens and expand bilateral trade.
December 8, 2025
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India free to buy oil from preferred sources despite US tariffs on its Russian oil purchases.
India is entitled to procure oil where commercially beneficial as a sovereign trade decision, despite US tariff measures on its purchases of Russian oil; Russia reaffirmed its role as a reliable supplier and indicated means to continue crude deliveries, highlighting interaction between US tariffs, India's procurement choices, and sanctions-related operational challenges.
December 7, 2025
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Defence production rises to Rs 1.51 lakh crore with exports near Rs 24,000 crore and expanded BRO infrastructure.
India's defence production increased from about Rs 46,000 crore in 2014 to Rs 1.51 lakh crore, with defence exports rising to nearly Rs 24,000 crore. The Border Roads Organisation completed 125 strategic projects-28 roads, 93 bridges and four miscellaneous works-at a cost of Rs 5,000 crore, and has adopted indigenously developed Class-70 modular bridges in partnership with domestic industry. BRO recorded its highest-ever expenditure in 2024-25 and received an increased budget allocation for 2025-26 to support continued frontier infrastructure development.
December 6, 2025
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India Russia partnership reimagined with economic pacts; India affirms strategic autonomy in trade negotiations to protect livelihoods.
India affirms strategic autonomy and freedom to develop relations with major powers; recent India Russia engagement seeks to reimagine the partnership by deepening economic ties, producing a mobility agreement for Indian workers and a substantial fertiliser joint venture. Trade negotiations with other partners, including the United States, will be pursued on reasonable terms that protect workers, farmers, small businesses and national interests. Border peace with China is treated as a prerequisite for broader relations, Pakistan's military is identified as a driver of security challenges linked to terrorism, and India supports democratic processes in Bangladesh.
December 6, 2025
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India-US trade talks start Dec 10 to negotiate a framework deal addressing reciprocal tariffs and boost bilateral trade.
India and the United States will hold a three-day negotiation beginning December 10 on the first phase of a bilateral trade agreement, focusing on a framework trade deal to resolve reciprocal tariff barriers imposed by the US and to advance a broader comprehensive pact; delegations led by senior trade officials will pursue finalising an initial tranche following six prior rounds to support the longer-term objective of expanding bilateral trade.
December 6, 2025
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Trump and Mexico's president met to address trade tariffs, deportation policy impacts, remittances and fentanyl-related security cooperation.
Trump and Sheinbaum met at the 2026 World Cup draw to address remaining US tariffs on Mexican autos, steel and aluminum, the threat of broader 25% levies, and a joint review of the US Mexico Canada trade framework; Mexico is pressing to avoid tariffs that could damage its economy. Immigration was not the primary topic despite US deportation drives and a new 1% remittance tax that burdens Mexican nationals. Security cooperation against fentanyl and cartel activity - including extraditions and strengthened Mexican enforcement - remains a key, if contested, element of bilateral engagement.
December 5, 2025
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India-Russia agree to joint manufacture of Russian-origin defence spares in India via Make-in-India and technology transfer.
Parties agreed to encourage domestic manufacture of Russian-origin defence spare parts and components under the Make-in-India programme via technology transfer, to form joint ventures for meeting Indian armed forces' needs and for export, and to reorient the defence partnership toward joint co-development and co-production of advanced defence technologies.
December 5, 2025
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India-Russia trade to reach USD 100 billion ahead of 2030; talks on preferential trade agreement and sectoral cooperation.
India and Russia committed to accelerate achieving a USD 100 billion bilateral trade target, pursuing a Preferential Trade Agreement with the Eurasian Economic Union to reduce barriers and create predictable mechanisms for business. They identified sectoral cooperation in EV manufacturing, pharma, civil-nuclear openings, fertiliser, electronics, workforce development, and industrial collaboration including artificial intelligence. Russia emphasised resilient settlement, reliable payment and insurance mechanisms and the use of national currencies to ensure uninterrupted financial transactions.

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