TRADE RELATIONS SOUTH ASIA
Border talks with India and Bhutan advancing, says China's white paper on security; Highlights internal, external threats
China's new white paper identifies internal and external threats, including border disputes with India and Bhutan, while emphasizing the importance of political and regime security under the CPC. The paper highlights challenges in the Taiwan Strait, South China Sea, and East China Sea, accusing Western forces of containment efforts and interference in internal affairs.
'Into the mouth of Trump hell'? South African president says White House meeting wasn't so dramatic
South Africa's President Cyril Ramaphosa faced a tense meeting with U.S. President Donald Trump, who confronted him with allegations of white farmer killings. Despite initial fears and Trump's confrontational tactics, Ramaphosa remained composed, viewing the Oval Office showdown as staged.
Second Oval Office ambush by Trump could make foreign leaders think twice
President Trump confronted South African President Ramaphosa in the Oval Office with claims of genocide against white South Africans, a move criticized as a deliberate embarrassment. This follows a similar contentious meeting with Ukraine's President Zelenskiy. Experts suggest Trump's approach risks alienating foreign leaders, potentially benefiting China. South Africa rejects Trump's allegations, viewing them as catering to right-wing elements.
Trump confronts South African President Cyril Ramaphosa with ‘white genocide’ videos during White House meeting
In a charged Oval Office exchange, Donald Trump ambushed South African President Cyril Ramaphosa with discredited claims of a “white genocide”, presenting inflammatory footage and demanding explanations. Ramaphosa, taken by surprise, dismissed the narrative and defended South Africa’s democratic freedoms. The incident overshadowed trade talks and highlighted deeper tensions over land reform and racial politics. Elon Musk and Afrikaner lobbying were linked to the episode. No credible body has found evidence of targeted violence against white South Africans.
Asian shares drop after US selloff, treasuries dip
Asian stock markets saw a decline following Wall Street's losses. Concerns about the United States' deficit impacted investor sentiment. Treasury yields rose, particularly for long-term debt. Weak demand at a bond auction heightened worries about US borrowing. This development dampened the recent recovery in risk assets. The market is reacting to deficit concerns and budget debates.
U.S.-China trade truce has blown up again, and Huawei is at the center of it; here's how the situation could pan out
Tensions between the US and China are rising again because of chip rules linked to Huawei. China is warning others not to help the US, even while both countries are still trying to talk.
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India seeks full exemption from US' 26% reciprocal tariffs in interim trade pact
India and the US are expected to announce an interim trade agreement before July 8, when Washington's 26% reciprocal tariffs on Indian goods are set to take effect, an official said. New Delhi seeks a full exemption from these additional tariffs and plans to protect sensitive sectors with quotas or minimum import prices.
Watch: When Trump ambushed South Africa’s President Cyril Ramaphosa during a live press conference, just like he did with Zelensky
President Trump confronted South Africa's President Ramaphosa at the White House, presenting a video and articles alleging a "white genocide." Ramaphosa remained composed while Trump criticized South Africa's land reform and cited racial persecution, claims South Africa denies. The tense exchange underscores rising tensions between the U.S. and South Africa, impacting trade and aid.
If Bangladesh attacks our Chicken's Neck, we will attack its both Chicken's Necks: Assam CM Himanta Biswa Sarma
Assam's Chief Minister Himanta Biswa Sarma issued a strong warning to Bangladesh, stating that any attack on India's Siliguri Corridor, known as the Chicken's Neck, would result in retaliation targeting Bangladesh's own strategically vulnerable areas. Sarma's statement follows concerns about China's involvement in reviving a WWII airbase in Lalmonirhat, near the Indian border.
Indian economy exhibiting resilience despite high trade & tariff-related uncertainty: RBI
The Reserve Bank of India, in its May bulletin, said the Indian economy remains resilient despite rising trade and tariff-related uncertainties. It noted that global growth faces challenges due to ongoing trade tensions, policy uncertainty, and weak consumer sentiment. The IMF has lowered its global growth forecast for 2025 and 2026, with emerging economies, especially in Asia, expected to be hit hard.
Taliban's Chabahar bet signals shift from Islamabad to New Delhi
Amid strained relations with Pakistan and tense ties between New Delhi and Islamabad, the Taliban is gravitating towards India to bolster its global trade. The Taliban regime is eyeing the Chabahar Port in Iran, managed by India, to reduce reliance on Pakistani ports and is considering joining the International North-South Transport Corridor.
Central and South Asia: Steps to restore forgotten ties
The Termez Dialogue fosters connectivity between Central and South Asia, focusing on peace, friendship, and prosperity. It highlights historical ties, trade routes, and cultural exchanges, addressing challenges to regional stability. The platform aims to strengthen cooperation in education, science, technology, and security, promoting sustainable development and regional integration.
Tromso in Norway’s Arctic Circle welcomes visitors under the midnight sun
Tromso, situated north of Norway's Arctic Circle, draws visitors with its midnight sun and diverse outdoor activities like hiking in the Lyngen Alps and kayaking in the Sommarøy archipelago. The city's rich history as a trading hub offers cultural experiences through its architecture and museums.
India expects multi-phase trade deal with US as talks proceed
India and US are in talks for a trade agreement. The deal may happen in three stages. An initial agreement is expected before July. It will cover industrial goods and farm products. Piyush Goyal is in Washington for discussions. A broader deal is planned around September. The final agreement needs US Congress approval. Negotiations are ongoing despite some tensions.
India's strong counter-terrorism posture aimed at building long-term peace and stability: Indian envoy to Lanka
Indian High Commissioner Santosh Jha stated India's counter-terrorism stance aims for regional peace. He highlighted Pakistan's role in promoting terrorism. 'Operation Sindoor' targeted terror infrastructure after the Pahalgam attack. India and Pakistan reached an understanding to end conflict. Jha thanked Sri Lanka for its solidarity. He emphasized Sri Lanka's importance in India's Neighbourhood First policy.
India confronts two-front threat as China aids Pakistan in border clash
China supported Pakistan’s military during its recent conflict with India, offering satellite coverage and radar upgrades, according to a Ministry of Defence-affiliated Indian think tank. This suggests a deeper Chinese role in the clash than previously acknowledged. China helped Pakistan detect Indian troop movements and reposition air defence systems. The conflict, triggered by an April 22 massacre, saw drone and missile exchanges between the nuclear-armed neighbours. Indian analysts now warn of an emerging two-front challenge involving both China and Pakistan.
India’s move on Bangladesh exports to restore equality in relationship
India's imposition of land port restrictions on specific Bangladeshi exports to the northeast aims to equalize trade relations, addressing Bangladesh's previous restrictions on Indian transit and market access. This reciprocal measure, including limitations on RMG imports to select seaports, mirrors Bangladesh's trade barriers on Indian goods.
Pakistan's Deputy PM Ishaq Dar departs for China, set to hold talks with Chinese Foreign Minister Wang Yi
Pakistani Deputy Prime Minister Ishaq Dar is in China for a three-day visit, engaging in talks with Chinese Foreign Minister Wang Yi. Discussions will cover regional stability, bilateral ties, and global developments. Dar will also meet with the Chinese Prime Minister.
US-China deal is a lesson for the global South
Under President Trump, US foreign policy prioritised transactional deals over values, a shift with significant implications for the Global South.
India's decision to curb Bangladeshi exports via land ports aimed at ensuring fairness: Sources
India has restricted Bangladeshi ready-made garment exports through land ports, citing unfair trade practices. This decision responds to Bangladesh's barriers on Indian yarn and rice, aiming for reciprocal trade terms. The move impacts Bangladesh's significant RMG exports, valued at $700 million annually, with 93% entering India via land ports.
Dredging Corp plans to tap biz opportunities in foreign markets, says CEO Dubey
Dredging Corporation of India (DCI) is actively pursuing business opportunities in the Middle East, South East Asia, and South Asia, driven by a significant fleet shortage and rising demand. Domestically, DCI aims to capitalize on port expansions by major players like AMNS India, JSW Group, and Adani Group, along with opportunities in dam and reservoir maintenance.
As China's weapons face real-world tests, Nato eyes their performance with growing curiosity
Despite facing US and EU embargoes, China's military capabilities have significantly expanded, piquing NATO's interest in comparing hardware. China's arms exports, often directed to South Asia, face limitations due to a lack of interoperability with NATO systems and Beijing's reluctance to export top-tier equipment.
"Any trade deal must be mutually beneficial," EAM Jaishankar on India-US trade talks
External Affairs Minister S Jaishankar has confirmed that trade negotiations between India and the United States are actively in progress, though he cautioned against premature conclusions, emphasizing the need for mutual benefit. Simultaneously, President Trump linked the recent India-Pakistan ceasefire to a shift towards commerce, following heightened tensions and India's retaliation for a terror attack.
Why China's neighbours may want currency deals with Trump
As currencies in South Korea, Taiwan, and Japan rise, there’s speculation that these countries may use currency revaluation in trade talks with the U.S. Despite the historical disadvantage of a stronger currency for exporters, revaluation may now be a cost-effective bargaining chip.
APEC says 'concerned' over challanges to global trade
APEC ministers convened in South Korea, expressing concerns over global trade challenges amidst rising US tariffs. Despite differing views, they emphasized cooperation and the importance of the WTO, signaling a commitment to addressing economic uncertainties. While no joint response to US tariffs was discussed, South Korea seeks to mitigate impact through increased US LNG purchases and shipbuilding support.
Markets surge over 1.5% amid optimism over US-India trade deal
Foreign portfolio investors net bought shares worth ₹5,393 crore on Thursday, taking their total purchase tally for May to ₹17,142 crore. In April, they were buyers to the tune of ₹3416 crore. Domestic institutions were sellers to the tune of ₹1,668 crore on Thursday.
India en route to boost Gulf trade amid tensions with Pakistan
India strengthens its economic bonds with Gulf nations. Trade agreements are being finalized. A free trade agreement with Oman is expected soon. Similar pacts with Qatar and other Gulf countries are under consideration. India already has a trade deal with the UAE. Negotiations with the Gulf Cooperation Council are ongoing.
Asian equities decline, snapping four-day rally
Japanese and Australian stocks edged lower, while a gauge of US-listed Chinese companies climbed 1.2% on Wednesday. Tencent Holdings Ltd.’s revenue grew at its fastest pace in more than three years.
India displaces Japan as most preferred market in Asia, shows BofA survey
Japan, previously the frontrunner, has slipped to second place, while China makes a surprising comeback, leaping from the bottom to the third spot in just a month. Thailand, however, retains its position — though unfortunately — as Asia’s least favored market.
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