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Trade and Commerce

TREND | 19 May 2025

Government E-Marketplace Preps As UK, UAE FTAs Open Up Public Procurement For Foreign Firms

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GeM set a target of facilitating transactions worth Rs 7 lakh crore in FY26.

Trade and Commerce

TREND | 19 May 2025

India eyes rapeseed meal export revival to China as price gap widens

Business Standard

India is aiming to regain its market share in China's rapeseed meal imports, taking advantage of the commodity's lower price as compared to the international rate amid global supply constraints, industry body SEA said on Monday. Indian rapeseed meal is trading at USD 202 per tonne (Ex-Kandla FAS) as compared to international price of USD 308 per tonne (Ex-Hamburg). This creates a compelling opportunity for Indian exporters. The Solvent Extractors' Association (SEA) has urged Ministry of Commerce to negotiate with Chinese authorities for relaxed import conditions. Currently, only three Indian facilities registered with China's General Administration of Customs are permitted to export rapeseed meal to the Chinese market, it said in a statement. China, a major consumer of rapeseed meal for animal feed, sources most imports from Canada and the European Union, where supplies have tightened and prices have risen. "Given the prevailing supply constraints and rising costs, India now has a

Trade and Commerce

TREND | 18 May 2025

India-UK apparel, home textiles trade to double in 5-6 years under FTA: ICRA

Business Line

The FTA is expected to be operational in calendar year (CY) 2026, subject to legal review.

Trade and Commerce

TREND | 18 May 2025

India-UK FTA: Duty concession on Scotch to boost premium drive of distillers

Business Line

Home-grown players like Radico Khaitan, Allied Blenders & Distillers (ABD) and John Distilleries said the move will give consumers more choices and better access to high-quality spirits.

Indian distillers expect India-UK FTA duty cuts on scotch to boost growth

Business Standard | 18 May 2025

Trade and Commerce

TREND | 18 May 2025

Pulses import value drops 23.5% to $314 million during April on fall in purchase of yellow peas, lentils

Business Line

As per the Commerce Ministry's quick estimates, the pulses imports in value terms declined to $314.4 million during April, over same period last year's $411 million

Trade and Commerce

TREND | 17 May 2025

India Imposes Port Curbs On Import Of Certain Bangladeshi Goods

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The Directorate General of Foreign Trade, under the Commerce Ministry, has issued a notification in this regard.

Trade and Commerce

TREND | 16 May 2025

Electrical appliance industry may get more time to implement quality order

Business Line

Commerce Minister ready to consider domestic industry's request for extension of timeline for QCO

Trade and Commerce

TREND | 16 May 2025

US-China tariff cut leaves scope for Indian exporters as duties still remain high: Official

Business Line

US and China agree to roll back high import duties

Trade and Commerce

TREND | 16 May 2025

CAIT calls for boycott of Turkiye, Azerbaijan over 'support' to Pakistan

Business Standard

Traders' lobby CAIT on Friday decided to boycott all trade and commercial engagement with Turkiye and Azerbaijan, citing their recent "support" for Pakistan in the wake of Operation Sindoor. According to CAIT, the decision includes a nationwide boycott of Turkish and Azerbaijani goods, with traders across India halting imports from these countries. The association also stated that Indian exporters, importers, and business delegations will be discouraged from any engagement with companies or institutions based in Turkiye and Azerbaijan. The traders' lobby shared that a memorandum will be submitted to the ministry of commerce and industry and the ministry of external affairs, urging policy-level review of all commercial ties with these nations. The Confederation of All India Traders (CAIT) has also declared that the business community will boycott Indian films shot in Turkey and Azerbaijan. It also warned corporate houses against filming any product promotions in these two...

Trade and Commerce

TREND | 16 May 2025

Import duty cuts on wine in FTAs could hurt domestic makers: CIABC

Business Standard

Alcoholic beverage maker's body CIABC on Friday said any import duty cuts in future trade deals on wine could hurt the domestic makers, as concessional tariffs on imported spirit from the EU, US, Australia and New Zealand may flood the Indian market. The Confederation of Indian Alcoholic Beverage Companies (CIABC) also suggested the government to impose a minimum import price clause to prevent inbound shipments of low-cost and low-quality bottled spirits, bulk and bottled wines. It added that the duty reduction agreed by India on Scotch whisky under the free trade agreement with the UK may impact the domestic premium category whisky brands due to the likely influx of lower-priced Scotch whiskies. As per the agreement, India will reduce duty on UK whisky and gin from 150 per cent to 75 per cent and further to 40 per cent in the tenth year of the deal. "If similar duty concessions are granted on other spirits, including wines under future FTAs with wine-producing countries such as th