Day: February 14, 2023

Feb 14

Foreign trade policy may be released in April

New Delhi: The government may announce the much-delayed Foreign Trade Policy (FTP) in April that will establish its long-term vision for exports and a policy for sectors such as e-commerce, an official aware of the plans said, at a time of heightened global economic volatility. The policy can allow for interventions to address immediate issues, and outline measures to accelerate releases and reduce the physical interface. The new FTP comes at a time when India’s outbound shipments are starting to Read Full Details…

Feb 14

Boosting export of MMF apparel

Fashion of and taste for outfits continuously go through changes. Apparel made of man-made fibre (MMF) had started becoming trendy well before the pandemic and the trend seems to have received a further boost by the financial constraints in the post-pandemic reality of economic contractions in the importing countries. Cheaper, better looking and durable, the MMF or synthetic fibre currently has a global market of US$700 billion, in which Bangladesh’s share is a paltry $10 billion. Naturally, there is a Read Full Details…

Feb 14

After free trade pact, 80% of exports to UAE to be duty free

India is likely to export at least 80% of its products to the UAE duty-free once the bilateral free trade pact comes into effect. The country would be able to export textiles worth an additional $2 billion in the next two years and treble the plastics exports to the UAE under the Comprehensive Economic Partnership Agreement (CEPA), which the two sides will sign on Friday, said people aware of the matter. Source : economictimes.indiatimes.com/ For More Details

Feb 14

Tripura To Have Research Centre For Promoting Agar trade

The Forest department is in talks with the Industries and Commerce department to get a suitable place for setting up AITRC, Agarwal said. NTFP Centre of Excellence has also been working on setting up a local agar market in North Tripura’s Kadamtala shortly. The Tripura Forest department has initiated a process to open an Agar International Trade and Research Centre (AITRC) here to facilitate marketing linkage as well research on Agar, he said. Agar (Aquilaria malaccensis) is an evergreen tree Read Full Details…