Month: January 2023

The impact of slowing global trade is beginning to show on credit demand from Indian exporters, with export credit by banks shrinking nearly a quarter year-on-year at the end of October, pointing to a further likely slowdown in overseas merchandise shipments. Exports contracted in October after a gap of 19 months. Merchandise exports slipped below the level of $30 billion for the first time in the last 20 months. This marked a contraction of 16% on a sequential basis and Read Full Details…

Earlier in the day, Prime Minister Narendra Modi in Meghalaya attended the golden jubilee celebration of the North East Council (NEC) and inaugurated and laid the foundation stone of multiple projects at a public function in Shillong. Prime Minister Narendra Modi on Sunday said that Tripura is emerging as an international trade gateway and logistics hub of the northeast due to developments ushered by the double-engine governments of the Bharatiya Janata Party (BJP) at the centre and in the state. Read Full Details…

Prime Minister Sheikh Hasina today inaugurated the month-long Dhaka International Trade Fair (DITF)-2023 at Bangladesh-China Friendship Exhibition Center in Purbachal. The prime minister opened the fair at an event as the chief guest. Some 17 organisations from 10 countries including Singapore, Indonesia, Korea and India alongside local companies are taking part in it. With Commerce Minister Tipu Munshi in the chair, Export Promotion Bureau Vice Chairman AHM Ahasan delivered the welcome address at the inaugural event. Textiles and Jute Minister Read Full Details…

Britain’s trade chiefs have long loved a headline-grabbing, Instragram-worthy free-trade deal to get the Brexit blood pumping. But Kemi Badenoch has something much less sexy in mind: motorways. The current international trade secretary — a onetime Tory leadership challenger and a firm favorite of the party grassroots — has spent the past few months since taking the reins at the Department for International Trade (DIT) stressing that she sees more to the beat than the host of big-bang agreements struck Read Full Details…

The rise reflects the fact that the monetary value of the country’s imports is disproportionately higher than its exports. Rabat – Morocco’s trade deficit soared by nearly 57% at the end of November 2022, triggered by the lingering price shock within the energy and food markets. Trade deficit, which reflects a country’s ability to continue importing products it needs without draining its foreign currency reserves, has been climbing to record heights in Morocco throughout this year. The rise trade deficit Read Full Details…

India’s natural farming could soon get a technological push through blockchain, as the government plans to use the technology across all export-driven crops to increase the country’s food shipments and incentivise farmers to take up chemical-free processes. The Niti Aayog has launched a pilot project in collaboration with the Himachal Pradesh government on apple farming, to ensure quality production while also monitoring the produce across the entire storage and supply chain. After the completion of the pilot project on apples, Read Full Details…

Despite headwinds, India’s exports look set to achieving $2 trillion export of goods and services by 2030. New Delhi: It was the best of times, it was the worst of times. Charles Dickens famous and exhaustively borrowed words finds its latest fitment in the context of India’s exports which amidst economic crisis of the West, geopolitical turmoil brought on by the Russia-Ukraine war and severe supply disruptions, is confidently looking to surpass the phenomenal USD 420 billion earnings in fiscal Read Full Details…