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Trade and Commerce

TREND | 27 Aug 2024

India in consultation with Indonesia at WTO over duty on ceramic tiles

Business Line

Exports from India dipped since Indonesia imposed safeguard duties on the product

Trade and Commerce

TREND | 27 Aug 2024

India-Oman free trade pact talks at advanced stage, says Ambassador Narang

Business Standard

Discussions for the proposed free trade agreement (FTA) between India and Oman are at an advanced stage and both sides hope to conclude the pact early, Indian Ambassador to Oman Amit Narang said on Tuesday. The pact will give a significant push to bilateral trade and investment ties between the two countries, he said. The pact, officially known as the Comprehensive Economic Partnership Agreement (CEPA), is expected to boost Indian exports to the west Asian country by eliminating duties, especially on petroleum products, textiles, electronics, pharmaceuticals, machinery, and iron and steel. "Discussions for a bilateral CEPA with Oman are at an advanced stage. We hope to conclude these discussions early and once this is done, this will be a significant push to bilateral, not just trade, but also bilateral investment ties," Narang said. Addressing an event organised by Ficci here, the Indian Ambassador to Oman also highlighted the significant potential for enhancing direct shipping li

China accuses Canada of protectionism over 100% tariffs on Chinese-made EVs

Business Standard | 27 Aug 2024

Trade and Commerce

TREND | 23 Aug 2024

How ECGC covers detrimental risks faced by exporters to boost exports

Business Standard

ECGC has an impressive track record of adopting innovative insurance policies to aid and assist Indian exporters in enhancing their export performance

Trade and Commerce

TREND | 22 Aug 2024

Piyush Goyal Says Not Against E-Commerce Platforms But Want Them To Be Fair, Honest

NDTV Profit

Mumbai, Aug 22 (PTI) A day after lambasting e-commerce players for predatory pricing, Union Commerce Minister Piyush Goyal on Thursday said he is not against online platforms but India wants such entities to be fair and honest in their conduct.

Govt likely to review market practices by e-commerce players and impact on traditional retailers, consumers

Business Today | 22 Aug 2024 2 more

Trade and Commerce

TREND | 21 Aug 2024, 09:41PM

Gem And Jewellery Exports Fall 23.28% In July Amid Global Unrest

NDTV Profit

According to data released by GJEPC -- the apex body for the gems and jewellery industry in India -- the overall exports in the category in July 2023 stood at $2,170.71 million.

Trade and Commerce

TREND | 21 Aug 2024, 08:24PM

Unabated steel imports amid fall in prices worry producers

Business Line

Despite being the world's second largest steel producer, India imported 2.69 million tonne of steel between April and July, and exported 1.57 mt, as per the government data.

India remains net steel importer in April-July on rise in Chinese shipments

Business Standard | 21 Aug 2024, 03:33PM

Trade and Commerce

TREND | 20 Aug 2024, 03:56PM

Local manufacturing will offer 25K cr annual opportunity for vendors: ICRA

Business Standard

Currently, India imports nearly 50 per cent of its component requirement (by value) from suppliers based out of China, Japan, and South Korea, among others

Trade and Commerce

TREND | 18 Aug 2024

India, Aus to resume comprehensive FTA talks on Monday; progress expected

Business Standard

Chief negotiators of India and Australia will begin the next round of talks for the comprehensive free trade agreement from tomorrow in Sydney, where both sides are likely to close negotiations on several chapters of the pact, an official said. Both countries have already implemented an interim pact and are in discussions to expand its scope under the CECA (Comprehensive Economic Cooperation Agreement). The interim pact - Economic Cooperation and Trade Agreement (ECTA) - came into force in December 2022. The tenth round of negotiations is scheduled from August 19-22 in Sydney. "Out of the total 19 areas of the agreement, we have completed our discussions on four chapters, and we are in very advanced stages in a few others. We hope that in this round, we should be able to close altogether, maybe more than 10 chapters," the commerce ministry official said. In this round, the official said that both countries are likely to get into market access discussions in goods and services. Th

Domestic exporters keep fingers crossed amid Mpox outbreak in Africa

Business Standard | 18 Aug 2024

Trade and Commerce

TREND | 18 Aug 2024

India's Energy Security: Challenges, Readiness Amid Growing Demand

NDTV Profit

India imports over 85% of its crude oil from a diversified group of oil-producing countries.

Trade and Commerce

TREND | 16 Aug 2024

GTRI suggests duty cuts withdrawal on gold jewellery under India-UAE FTA

Business Standard

With the government seeking a review of certain provisions of a free trade agreement with UAE, think tank GTRI on Friday asked for the withdrawal of duty cut concessions on platinum, silver, diamonds, gold jewellery, and tweak the rules of origin norms in the pact. India and the United Arab Emirates (UAE) signed the Free Trade Agreement (FTA), officially dubbed as Comprehensive Economic Partnership Agreement (CEPA) on February 18, 2022, and implemented on May 1, 2022. The Global Trade Research Initiative (GTRI) has earlier stated that the pact contains provisions for unlimited imports of duty-free gold, silver, platinum, and diamonds into India over the next few years and it would hurt domestic industry. It has also alleged that there is a potential misuse of the rules of origin in the agreement and due to that India should review the CEPA. Meeting these rules are must to get duty concessions under the agreement. In the review, it said India should focus on issues such as "withdraw

India's medicine exports to US, Italy on the rise: Commerce ministry

Business Standard | 15 Aug 2024