Fashion
India may be cautious about opening up sensitive sectors: Care Ratings
Though the United States and China have extended their trade truce by another 90 days to continue negotiations, issues such as trans-shipment-linked tariffs remain a key factor worth monitoring for China’s trade outlook, it noted in its latest Global Economy Update.
Despite tariff headwinds, China’s overall export performance has remained resilient, supported by stronger shipment to other regions, while India’s low share of goods exports to the US should provide some buffer, Care Ratings said.
Though there is growing pressure on India to negotiate a trade deal with the US, the agency feels the country is likely to remain cautious about opening up sensitive sectors.
Though there is growing pressure on India to negotiate a trade deal with the United States, Care Ratings feels the country is likely to remain cautious about opening up sensitive sectors like agriculture and dairy, and therefore, the negotiations may take some time to conclude.
Furthermore, key US suppliers of footwear, textiles and leather like Vietnam and Indonesia could gain from lower US tariffs compared to India.
Strong front-loading in international trade, lower worldwide effective tariff rates vis-a-vis April expectations and improvement in global financial conditions supported the upward revisions to the 2025 growth forecasts across economies, according to the document.
This front-loading is expected to unwind in the coming quarters keeping the 2025 growth below the pre-pandemic historical average of 3.7 per cent, Care Ratings noted.
Front-loading of some trade flows in anticipation of tighter trade restrictions provided near-term offset. This is expected to fade in the second half of 2025. However, 2026 trade growth forecast has been trimmed lower amid volatile global trade conditions, it said.
Global foreign direct investment (FDI) net inflows as a percentage of global gross domestic product (GDP) have broadly declined since the Global Financial Crisis, with subsequent shocks adding further pressure.
While FDI flows as a percentage of GDP declined for major economies, the ‘connector’ economies have gained from the investment reorientation strategies of the United States and China.
‘Connector’ economies have a favorable mix of FDI policies and structural characteristics. Furthermore, they are geopolitically non-aligned and can serve as conduits in trade and investment flows between geopolitical blocs.
Debt levels in many economies is going up faster than the economic growth, raising long-term debt sustainability concerns, Care Ratings added.
Fibre2Fashion News Desk (DS)
The package establishes a modern framework for both sides, enabling frictionless access to a market of 460 million consumers in key sectors, delivering economic benefits to both parties.
European Commission President Ursula von der Leyen and Swiss President Guy Parmelin yesterday signed a broad package of agreements aimed at deepening and expanding EU-Switzerland ties.
By aligning standards and rules in closely integrated areas, it will provide legal certainty, simplify trade in goods like medical devices and food products, and ease cross-border supply for businesses on both sides.
By aligning standards and rules in closely integrated areas, it will provide legal certainty, simplify trade in goods like medical devices and food products, and ease cross-border supply for businesses on both sides of the border.
Additionally, it will ensure more consistent rules for individuals who live, work or study across the EU-Swiss border. Switzerland will contribute to the development of legislation in the areas covered by the package and will have the opportunity to influence these rules as they are being designed.
“By modernising and deepening our ties across key sectors, from trade and transport to health and energy—we are strengthening legal certainty, fostering innovation and creating new opportunities for our citizens and businesses,” von der Leyen said in a release from the Commission.
The package includes updates to four already existing agreements, which already give Switzerland access to the EU internal market, regarding air transport, land transport, the free movement of persons and mutual recognition of conformity assessment.
New agreements on food safety, electricity, health and Switzerland’s participation in the EU Agency for the Space Programme were signed. A new agreement introduced a permanent and fair financial contribution by Switzerland to economic and social cohesion within the EU.
Apart from a protocol on parliamentary cooperation, the package includes also a joint declaration on the establishment of a high-level dialogue on the broad bilateral package.
Fibre2Fashion News Desk (DS)
Following earlier increases in purified terephthalic acid (PTA), melt and PSF, Indian producers have now raised PFY prices. POY, FDY and PTY prices have been increased by ****;* per kg across all deniers and lustres with effect from March *, reflecting rapid cost pass-through amid heightened volatility in crude-linked value chains, according to the market sources.
In the previous weekly revision effective February **, ****, PTA was increased by ****;*.** per kg to ****;**.** per kg, while monoethylene glycol (MEG) was retained at ****;**.** per kg. Polyester melt prices were raised by ****;*.** per kg to ****;**.** per kg. Downstream PSF prices were also revised upward by ****;*.** per kg from March *.
Miami (Ohio) improves to 30-0 as Cinderella run gets more magical
From ‘Freaky Friday’ to ‘Cruella’: Andrew Gunn’s blockbuster legacy
Dubai warns of jail, hefty fine for spreading rumours
India Us Trade Deal: Fresh look at India-US trade deal? May be ‘rebalanced’ if circumstances change, says Piyush Goyal – The Times of India
Households set for lower energy bills amid price cap shake-up
US arrests ex-Air Force pilot for ‘training’ Chinese military
-
Business5 days ago
India Us Trade Deal: Fresh look at India-US trade deal? May be ‘rebalanced’ if circumstances change, says Piyush Goyal – The Times of India
-
Business1 week ago
Households set for lower energy bills amid price cap shake-up
-
Politics6 days agoWhat are Iran’s ballistic missile capabilities?
-
Politics6 days agoUS arrests ex-Air Force pilot for ‘training’ Chinese military
-
Fashion6 days agoPolicy easing drives Argentina’s garment import surge in 2025
-
Sports1 week agoTop 50 USMNT players of 2026, ranked by club form: USMNT Player Performance Index returns
-
Business6 days agoAttock Cement’s acquisition approved | The Express Tribune
-
Business1 week agoLucid widely misses earnings expectations, forecasts continued EV growth in 2026