Day: February 13, 2023

Feb 13

EU seeks currency convertibility from India

NEW DELHI : The European Union has suggested that India liberalize its capital account restrictions as part of a comprehensive free trade agreement being discussed with New Delhi, according to the text of the latest negotiations. During the third round of India-EU FTA talks held between 28 November and 9 December, the EU proposed a chapter on capital movements, payments and transfers; however, the Indian side sought views on its purpose and scope, given that this would exceed India’s World Read Full Details…

Feb 13

E-commerce can propel exports

The upcoming Foreign Trade Policy can spell out a vision in this regard, given the growth of ‘e-shopping’ India has come a long way since the decade of the 1990s when its exports were mostly led by the services sector. Today, a strong focus on both services and manufacturing is providing strong tailwinds to Make in India for the world paradigm. This change did not happen by chance but due to relentless pursuit and participation of the industry under the Read Full Details…

Feb 13

Egypt’s exports to South Korea records 161 percent increase in 2022

Egypt’s exports to Korea recorded an increase of 161 percent in 2022 year-on-year as it reached an all-time high of $1.69 billion, the Cairo office of the Korea Trade-Investment Promotion Agency (KOTRA) said on Sunday. According to KOTRA, Egypt’s exports to Korea marked a $220 million surplus in 2022 from a $1 billion trade deficit in 2021. Natural gas and petroleum products top Egypt’s exports to South Korea. Egypt exported to Korea $810 million worth of natural gas and $760 Read Full Details…

Feb 13

Imports rise by 27 percent, exports up by 35 percent in December 2022

The Maldives Customs Service has reported a significant increase in imports and exports in December 2022. Total imports, including fuel, stood at MVR 5.6 billion, with a 27 percent rise, while imports excluding fuel observed a 24 percent increase, totaling MVR 4.6 billion. The country’s exports also increased by 35 percent to MVR 299 million worth of commodities. The top five import categories were fuel, food items, vessels, machinery, and base metals, while the top five import countries were France, Read Full Details…

Feb 13

India’s toy exports touch Rs 1,017 crore during April-December this fiscal

The country’s toy exports have touched Rs 1,017 crore during April-December period this fiscal, according to the government data. In 2021-22, the exports stood at Rs 2,601 crore. “Made in India toys continue to tap global markets! India’s toy exports rose to more than 6 times in April-December 2022 as compared to the same period in 2013,” commerce and industry minister Piyush Goyal said in a tweet. During April-December 2013-14, the shipments were at Rs 167 crore. The government is Read Full Details…