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Ambassador: SPV for trade between India, Iran fully operational
The Bilateral Payment Arrangement for trade between Iran and India, called the special purpose vehicle (SPV), is fully operational, said Indian Ambassador to Iran Gaddam Dharmendra.
China's economy worsened in July, industrial growth at 17-year low as trade war escalates
China reported a raft of unexpectedly weak July data on Wednesday, including a slump in industrial output to more than 17-year lows, pointing to further slowing in the economy as the US trade war takes a heavier toll on businesses and consumers.
Strong yen poses risks for Japan as US-China trade rumbles on
Japan Inc. is caught in the crossfire of the trade war between the US and China, as a resurgent yen threatens to sap profits and complicate the economic outlook.
South Korea to drop Japan from its fast-track trade 'white list'
South Korea said on Monday it plans to drop Japan from its ‘white list’ of countries with fast-track trade status from September, a tit-for-tat move that deepens a diplomatic and trade rift between the two countries.
Chinese firms learn to adapt as US trade war rages
Export-reliant Chinese companies are slashing prices, moving production abroad, creating new domestic markets and even rebranding goods as they try to survive the escalating trade war with the US.
IMF says trade war threatens China’s growth, pushes for equitable resolution
The International Monetary Fund (IMF) is urging the world’s two largest economies to resolve the escalating trade war quickly and fairly.
Iran posts quarterly trade surplus of $1.5b despite sanctions
Iran’s non-oil exports excelled the country’s imports in the first quarter of the Iranian calendar year starting March 21, as authorities reported a trade surplus of around $1.5 billion.
ECB: Global trade likely to remain weak in coming quarters
Global trade is likely to pick up only gradually in coming quarters and will remain weaker than overall economic activity, the European Central Bank said on Monday in an economic bulletin.
Japan, US target broad bilateral trade deal by September
Japan and the US have agreed to target a broad deal on bilateral trade by September, seeking to bridge differences of opinion over tariffs on beef and the automobile sector, the Nikkei business daily reported on Sunday.
Cautious hopes before new round of US-China trade talks
US trade negotiators return to China this week for a fresh round of talks in a new city, but experts warn a change of air is unlikely to quickly solve an impasse between the world's two biggest economies.
Iran, Iraq to further increase trade ties
Iranian Commercial Attaché to Iraq Nasser Behzad announced that the two neighboring countries have signed a new agreement to further ease bilateral trade ties and increase economic cooperation, adding that barriers obstructing commercial relations will be removed with the new pact.
Iran Embassy in all-out support for trade with Belarus: Ambassador
Iran's Ambassador to Belarus Mostafa Oveisi said on Thursday that Iranian Embassy is well-prepared to support the two sides' businesspersons for expanding trade ties.
Iran, Belarus seeking to boost trade to $1b
Iran is determined to scale up efforts to expand trade with Belarus up to $1 billion, Chairman of the Tehran Chamber of Commerce, Industries, Mines and Agriculture (TCCIMA) Masoud Khansari said in an interview with BelTA.
Japan rejects South Korean attempt to air trade row at WTO
Japan told the World Trade Organization on Wednesday that its controls on exports to South Korea were based on national security concerns, and did not constitute an embargo or an issue appropriate for discussion at the WTO.
Global growth forecast cut by IMF amid trade tensions
The International Monetary Fund (IMF) has cut its growth forecasts for the global economy for this year and next.

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