India, Canada revive ties with critical minerals, aerospace partnerships (The Economic Times)
India and Canada have revived their economic engagement through the 7th Ministerial Dialogue on Trade and Investment, agreeing to build long term supply chain partnerships in critical minerals, expand cooperation in clean energy and explore new opportunities in aerospace and dual use capabilities as part of a broader reset in bilateral ties. The ministers noted that bilateral trade in goods and services reached 23.66 billion dollars in 2024, highlighted rising merchandise trade and increasing two way investments, and discussed the need to strengthen resilience in strategic sectors such as agriculture to respond to global supply chain disruptions. Both sides reaffirmed their commitment to maintaining a stable investment environment, emphasised that people to people ties continue to support the partnership and pledged sustained dialogue to advance forward looking initiatives.
India, Nepal ink pact to step up trade ties (The Hindu)
India and Nepal have amended their Treaty of Transit to allow smoother movement of rail based freight, including bulk cargo, between Jogbani in India and Biratnagar in Nepal while also expanding this liberalised access across major transit corridors such as Kolkata Jogbani, Kolkata Nautanwa and Visakhapatnam Nautanwa. The two countries stated that the updated protocol will strengthen multimodal connectivity, improve Nepal’s access to third country trade routes and support broader initiatives aimed at enhancing cross border transport and logistics efficiency. With India already serving as Nepal’s largest trade and investment partner, the new measures are expected to deepen bilateral economic ties and further consolidate commercial linkages in the region.
India imposes anti-dumping duty on Vietnam steel imports for 5 years (Business Standard)
India has imposed a five year anti dumping duty on most hot rolled flat steel products from Vietnam after the trade remedies authority confirmed that these items were being imported below normal value and harming domestic producers, while one Vietnamese company has been exempted and all others will face a levy of 121.55 dollars per metric tonne. The duty applies to specified alloy and non-alloy hot rolled products under certain tariff headings but excludes stainless steel, and the government has stated that the measure is necessary to prevent further injury to Indian steelmakers and to support the country’s broader manufacturing and self-reliance goals. Industry representatives have welcomed the move, arguing that it will curb unfair trade practices, protect national capacity, and help maintain a competitive and resilient steel sector for the next five years unless the order is changed earlier.
