Day: January 19, 2023

Jan 19

88 French companies to take part in Arab Health 2023

88 French companies to take part in Arab Health 2023 Business France will bring together 88 French healthcare firms on three pavilions, who will present their smart solutions designed to tackle the current health challenges, at Arab Health from January 30 to February 2 in Dubai. Gathered under the banner of the French Healthcare in partnership with the French Healthcare association, renowned French companies including Rebalance Tech, Eurasanté and Devup will participate in the event. The event will also be Read Full Details…

Jan 19

International trade and world economies exposed to multi-billion-dollar climate risk to ports – Oxford study

Nearly nine in ten major ports globally are exposed to damaging climate hazards, resulting in escalating economic impacts on global trade, according to new research from the University of Oxford’s Environmental Change Institute (ECI). Ports are crucial for the economy; they handle the vast majority of globe trade, are important hubs for industry and transport, and large providers of employment. But, by their very nature, ports are located in hazard-prone areas along the coast and close to rivers – exposed Read Full Details…

Jan 19

Oil and gas supplies made Germany Norway’s most important export partner in 2022

Germany imported around 62 billion euros of Norwegian natural gas, oil and condensates in 2022 and has become the country’s number one goods importer, said the German-Norwegian chamber of commerce. Of a total of around 68 billion euros spent in imported goods from Norway last year, around 58 billion euros accounted for gas deliveries alone. “These figures show the importance of Norway for Germany,” head of AHK Norway Michael Kern said. Norway increased its gas production by ten percent last Read Full Details…

Jan 19

Malaysia’s trade surplus hits record high in 2022, growth expected at ‘softer pace’ this year

KUALA LUMPUR: Malaysia’s trade surplus hit a record high of RM255.1 billion (US$59.09 billion) last year, International Trade and Industry Minister Tengku Zafrul Tengku Abdul Aziz said on Wednesday (Jan 18). This is the 25th consecutive year the country has recorded a trade surplus since 1998. A trade surplus occurs when the value of a country’s exports exceeds the costs of its imports. The Ministry of International Trade and Industry (MITI), however, has warned that the country’s trade performance is Read Full Details…

Jan 19

Orientation programme on export potential of agri-products conducted

Imphal, January 18 2023: An orientation programme on the topic ‘Export Potential of Agri-products and Documentation for FPCs’ was held today at the Farmers’ Convention Centre of the Green Foundation, Kwakeithel Awang Thiyam Leikai. The programme was jointly organised by the Green Foundation and IndoMyanmar Border Trade Union (IMBTU). The Green Foundation president Kh Rajendra; Officer on Special Duty, Export Import, Govt of Manipur, A Samananda; Project Officer MOVCDNER-Agri, Kh Nimai Chand and IMBTU president W Nabachandra graced the programme Read Full Details…

Jan 19

Ease of export: DGFT simplifies composition fee under export advance authorisation

Amid a decline in India’s outbound shipments, the Directorate General of Foreign Trade (DGFT) on Wednesday simplified the process of levying composition fee on exporters to help achieve their export commitments. The fee is levied if the exporter is unable to timely export the product for which duty free import of inputs is made, called advance authorisation. Source : economictimes.indiatimes.com/ For more details

Jan 19

New quality control norms face pushback from WTO members, domestic industry

New Delhi/ Bengaluru: India’s move to introduce a raft of Quality Control Orders (QCO) to curb a Chinese import surge and boost exports to western markets is facing objections at the World Trade Organization (WTO) and from domestic manufacturers seeking more time to adjust. India has brought a slew of products including toys, machinery safety equipment, pressure cookers, ACs and chemicals under compulsory certification. The Department for Promotion of Industry and Internal Trade (DPIIT) plans to issue 50 Quality Control Read Full Details…

Jan 19

As exports decline, industry seeks budgetary support for district MSME exports

An export development fund with a corpus of ₹5000 crore for aggressive overseas marketing by MSMEs can go a long way in showcasing Indian products globally, says FIEO. The Federation of Indian Export Organisations (FIEO) has asked the central government to announce a special scheme for goods exported by micro small and medium enterprises (MSMEs) to boost exports. The request has come at a time when Indian exports are falling due to external challenges like economic slowdown and rising inflation Read Full Details…