DGFT notifies Amendment in Export Policy of Textile Raw Material for Masks & Coveralls

The Directorate General of Foreign Trade ( DGFT ) on Monday notifies the amendment in the Export Policy of textile raw material for masks and coveralls. The Central Government notified the amendment in the Notification No. 52 dated March 19, 2020, amending Schedule 2 of the ITCHS Export policy related to the export of textile […]

India’s exports to Latin America increased to 13.2 billion dollars in 2019-20, the highest in the last five years

India’s exports reached 13182 million dollars in 2019-20 (April-March) from 10 billion in 2015-16, according to the figures just released by the Ministry of Commerce, India. Brazil came back this year to claim its position as the # 1 destination of India’s exports to the region, with 3.97 billion dollars, overtaking Mexico. The other major […]

American tree nut farmers hit with surplus amid international trade complications

America’s farmers reportedly have such an extreme abundance of nuts, due in part to international exports being complicated because of the coronavirus pandemic, that branches are nearly breaking under the weight of the crop. SHOULD YOU STILL RETIRE IN 2020? In a report from Bloomberg, the U.S. produces and exports the most tree nuts – […]

Lead Acid Battery Market Production, Growth Rate, Market Segmentation, Revenue, Export/Import 2020-2026

This advanced report on the Lead Acid Battery Market includes of an in-depth overview of this business sphere. Alongside, details of the present market size and status have been given. The report aims to provide substantial updates on the market, pertaining to the development status as well as the latest trends characterizing the market. The […]

US Export-Import Bank extends support to space industry to take on Chinese competitors

U.S. companies in the space sector face tough competition from Chinese government-backed companies and the Ex-Im Bank now has a mandate from Congress to help level the playing field. As reported by SpaceNews, Ex-Im runs a “Program on China and Transformational Exports” as directed by Congress when it signed a seven-year re-authorization for Ex-Im on […]

India, UK to soon launch talks for free-trade pact, ministers to meet virtually in July-end

New Delhi: India is soon going to launch free trade agreement (FTA) talks with the United Kingdom, which is now out of the European Union (EU), ThePrint has learnt. According to sources, the potential India-UK FTA will be discussed during a trade ministerial dialogue between Commerce and Industry Minister Piyush Goyal and International Trade Secretary […]

DGFT to launch new digital platform for import-export code related services on July 13

NEW DELHI: The Directorate General of Foreign Trade (DGFT) will launch a new digital platform on July 13 the first phase of which will cater to the services related to the issuance of Import Export Code (IEC), modification, amendment processes along with a Chatbot (a virtual assistant). The IEC is mandatory for companies and businesses […]

US and Kenya to begin negotiating free trade agreement

US-Kenya free trade agreement (FTA) discussions start today, opening the path to the first FTA between the US and a sub-Saharan African country. The US consistently ranks as one of Kenya’s top export markets, maintaining a $1.1 billion two-ways goods trade in 2018; this was a 4.9% increase from the previous year. The East African […]

Worldwide Latest Export Import News

Govt eases export, import process; lays out ‘Turant Customs’ plan for faster clearance

The government has introduced a contactless process in customs, which would enhance the in-house testing capability of the customs. In an effort to smoothen the process of imports and exports in India, the government has introduced a contactless process, which would enhance the in-house testing capability of the customs. M Ajit Kumar, Chairman, Central Board […]

International trade fair opens in Tanzania’s largest city

The 44th Dar es Salaam International Trade Fair (DITF) officially opened here in Tanzania’s commercial capital Dar es Salaam on Friday with Prime Minister Kassim Majaliwa attending the opening ceremony. The COVID-19 outbreak should be a lesson to farmers and industrialists to produce more crops and products that could be used in times of epidemics, […]