Trade Horizons’ Market Entry Blog

India is chairing the G20 this year under the theme ‘One Earth, One Family, One Future.’ Trade and investment ministers met in Jaipur this week to discuss digitising trade, SME inclusion in international trade, and the reform of the World Trade Organization. Business and Trade Secretary Kemi Badenoch attended and launched ‘Alive with Opportunity,’ a £1.5 million marketing campaign designed to build on the UK and India’s relationship and as part of the goal to bilateral double trade with India by 2030. India has grown to the world’s fifth largest economy, from below tenth place a decade ago. The meeting was attended by 300 ministers and delegation representatives. Indian Prime Minister Modi proposed to include the African Union in the G20. The G20 countries represent around 85% of global trade in terms of value.

India is chairing the G20 this year under the theme ‘One Earth, One Family, One Future.’ Trade and investment ministers met in Jaipur this week to discuss digitising trade, SME inclusion in international trade, and the reform of the World Trade Organization. Business and Trade Secretary Kemi Badenoch attended and launched ‘Alive with Opportunity,’ a £1.5 million marketing campaign designed to build on the UK and India’s relationship and as part of the goal to bilateral double trade with India by 2030. India has grown to the world’s fifth largest economy, from below tenth place a decade ago. The meeting was attended by 300 ministers and delegation representatives. Indian Prime Minister Modi proposed to include the African Union in the G20. The G20 countries represent around 85% of global trade in terms of value.

India China trade is down almost 1% in the first half of 2023 with China’s overall foreign trade dropping 5% in the same period. Exports were down 12.4% to June 2023 compared with the same period in 2021. Trade in goods is down 56m with the US in the first 5 months of 2023 compared to the same period last year. The US is China’s largest trading partner. UK exports to China were up 37.7% in 2022 whilst imports were up only 10% in the same period. The EU’s imports from China were down in 2022 while exports remained flat.

India China trade is down almost 1% in the first half of 2023 with China’s overall foreign trade dropping 5% in the same period. Exports were down 12.4% to June 2023 compared with the same period in 2021. Trade in goods is down 56m with the US in the first 5 months of 2023 compared to the same period last year. The US is China’s largest trading partner. UK exports to China were up 37.7% in 2022 whilst imports were up only 10% in the same period. The EU’s imports from China were down in 2022 while exports remained flat.

India China trade is down almost 1% in the first half of 2023 with China’s overall foreign trade dropping 5% in the same period. Exports were down 12.4% to June 2023 compared with the same period in 2021. Trade in goods is down 56m with the US in the first 5 months of 2023 compared to the same period last year. The US is China’s largest trading partner. UK exports to China were up 37.7% in 2022 whilst imports were up only 10% in the same period. The EU’s imports from China were down in 2022 while exports remained flat.

India China trade is down almost 1% in the first half of 2023 with China’s overall foreign trade dropping 5% in the same period. Exports were down 12.4% to June 2023 compared with the same period in 2021. Trade in goods is down 56m with the US in the first 5 months of 2023 compared to the same period last year. The US is China’s largest trading partner. UK exports to China were up 37.7% in 2022 whilst imports were up only 10% in the same period. The EU’s imports from China were down in 2022 while exports remained flat.