A new India trade policy will be unveiled on September 30 as part of package to ’propel goods exports’.

India’s free trade pact negotiations with the United Kingdom are ‘within touching distance’ of a deal and a similar deal along with a Bilateral Investment Treaty with Canada is expected to be concluded by December, its top trade official said on Saturday.

Exuding confidence about achieving record high exports of $750 billion in 2022-23 despite global headwinds, Commerce Secretary B.V.R. Subrahmanyam said that the government is readying a new Foreign Trade Policy which will be unveiled on September 30 as part of a package to propel goods exports that dipped sequentially for the third successive month in August.

“We are going to probably clinch the FTA with the United Kingdom by the end of this month itself. They don’t have a full-time Prime Minister and somebody will be in place by Monday or Tuesday. Once that is done, we are going to see a $10-15 billion uptick from there,” he said.

“There is a global demand to move out of China and one of the reasons why countries are running to do Free Trade Agreements (FTAs) with India and have become more flexible, is to reduce their own dependence on China,” Mr. Subrahmanyam said.

“In 18 of 20 top product groups Australia imports, China has 50% to 80% market share. That’s the kind of dependence… no wonder they want to sign an FTA with us,” he pointed out, adding the same issue plagues Europe and the U.K. which are looking to diversify.

Source: TheHindu

More than ten thousand satellites have launched since the beginning of the space age in 1957. It’s expected that tens of thousands will blast off in just the next few years.

Space technology is here and growing fast. One of the most prolific investors in the vast region above the sky is Mark Boggett, managing director of venture capital firm Seraphim Capital.

In the last episode of the At The Edge podcast, he joins host and McKinsey partner Mina Alaghband to help spur ideas about how organizations can tap into the next frontier.

Source: McKinseyInsights

Ferry operators Stena Line and DFDS and energy companies Ørsted and Liquid Wind have partnered up with the Swedish Port of Gothenburg to establish an electromethanol (e-fuels) hub.

As the largest port in Scandinavia, Gothenburg is said to be the ideal choice for the first delivery and bunkering point for green e-fuels

With the intent to launch in 2025, this pioneering venture is a tangible step towards a carbon-neutral shipping industry, according to project partners.

Stena Line and DFDS are partnering with FlagshipONE which is jointly owned by Ørsted and Liquid Wind, a developer of eMethanol projects in Europe.

FlagshipONE, which is in late-stage development and approaching a final investment decision, will be the largest e-fuels facility in the world, producing 50,000 tonnes of eMethanol annually.

To read the entire article, click here; https://www.offshore-energy.biz/port-of-gothenburg-will-be-home-to-europes-first-green-e-fuels-hub/

Source: OffshoreEnergy