If Bangladesh were to lose its preferential trading status with Europe over conditions in its garment factories, it could face hundreds of millions of dollars in duties and limits on access to its largest trading partner.

Germany and India are hoping for quick progress in talks on a free trade deal between New Delhi and the European Union, their foreign ministers said.

India will enter negotiations to further liberalise trade in goods, services and investment in Asia in the Cambodian capital Phnom Penh in the next two days that are expected to bring in significant economic benefits to the country.

A car rally from Jakarta to Delhi and an Indian Navy ship touching ports of the 10-member ASEAN countries are part of India's move to demonstrate connectivity and trade with this major regional bloc.

The trade deficit unexpectedly narrowed in September as exports rose sharply, suggesting global demand for U.S. goods was holding up despite a debt crisis in Europe.

The bilateral trade between India and the UK grew by almost 30 per cent during the last 12 months, India's High Commissioner for the UK, Dr Jaimini Bhagwati said here on October 18.

The rupee weakened by 53.06 against the US dollar in early trade, extending the previous losses at the Interbank Foreign Exchange, due to increased demand for the American currency.

South Korea's trade balance posted a surplus of 1.9 billion pounds last month as imports contracted at a faster pace than exports, a government report showed.

Trade along the Line of Control (LOC) with Pakistan near Poonch in Jammu and Kashmir is falling due to the delay in expansion of the list of items permitted to be traded, traders said.

Visiting Maldivian President Mohammed Waheed has said here that his country needs to expand trade with China.