Month: March 2023

Mar 06

Foreign Trade Administrative Setup Requirements for Boosting Exports in Potential Villages including Rural/Remote areas of Each District in India

India has a significant potential to expand its exports, but many of its rural and remote areas are still untapped. These areas have immense potential to become key players in the export industry. However, there are various challenges that need to be addressed before the rural/remote areas of India can become an integral part of the country’s export market. To overcome these challenges, a foreign trade administrative setup is required that will provide adequate support and incentives to the rural/remote Read Full Details…

Mar 06

Taking Nepali tea to the world

Nepal is uniquely positioned to cash in on growing demand for orthodox and speciality tea in the international market. Nepal is one of the most fertile places in the world to grow high-quality tea. And, naturally, tea remains at the centre stage of Nepali culinary culture. Like much of South Asia, Nepal indulges in boiled tea mixed with milk, sugar, ginger and cardamom; but Nepali tea cannot be put in the same cup as other varieties elsewhere, not least the Read Full Details…

Mar 06

The Rise of China as A Global Economic Superpower and Its Impact on International Trade

As China continues to experience remarkable economic growth, its impact on international trade has become increasingly significant. China’s population of over 1.4 billion people, its vast industrial capabilities, and its technological advancements have made it a formidable player in the global economic system. The implications of China’s rise are complex and far-reaching, with both positive and negative effects on international trade. At the core of China’s economic success lies its manufacturing prowess. The country has become the world’s leading producer Read Full Details…

Mar 06

Global Wildlife Trade Agreement Marks 50th Anniversary

50 Groups Call for Renewed Ambition at CITES to Halt Biodiversity Loss WASHINGTON— Fifty organizations from around the world are urging an ambitious response to the extinction crisis as the Convention on International Trade in Endangered Species turns 50 years old on Friday. Known as CITES, the treaty was approved by nations in Washington, D.C., on March 3, 1973. The convention regulates the global wildlife trade and is best known for the commercial ivory ban instituted in 1990 in response Read Full Details…

Mar 06

Pepper export value down 7.4% in two months

Vietnam exported over 41,000 tonnes of pepper worth $129 million in the first two months of this year, up 35% in volume, but down 7.4% in value over the same period from 2022The average export price of the Vietnamese spice in February 2023 was $3,059 per tonne, a downturn of 11.1% compared to the previous month and 32.8% year-on-year, according to the Import-Export Department under the Ministry of Industry and Trade. During the reviewed period, its average export price stood Read Full Details…

Mar 06

Nepal enjoys trade surplus with only 33 countries

While Nepal has bilateral trade with 154 countries, it enjoys a trade surplus with only 33 countries. According to the Department of Customs (DoC) statistics, Nepal has a trade surplus with countries including Denmark, United States, Algeria, Cambodia, Norway, Romania, Chad, Uruguay, Afghanistan, and Latvia. However, this does not hold much significance in terms of the monetary value as the trade surplus is pretty low as the country does not have large bilateral trade with these countries except the United Read Full Details…

Top Products Export Business Opportunities worldwide
Mar 05

Top Products Export Business Opportunities Worldwide

Exporting goods is one of the most lucrative business ventures in the world, and there are a plethora of opportunities for companies looking to expand their horizons beyond domestic borders. The global market is ripe with possibilities, and with the right strategy and approach, exporters can tap into profitable niches that can help them grow their business and reap the benefits of international trade. In this article, we will explore some of the top products export business opportunities worldwide and Read Full Details…

Mar 05

Export Business Scope in BRICs Countries in Year 2023

BRICs countries, which include Brazil, Russia, India, and China, have long been considered the fastest-growing emerging economies in the world. With the increasing globalization and liberalization of trade policies, these countries offer immense opportunities for businesses looking to expand their export operations. In 2023, the export business scope in BRICs countries is expected to grow even further, owing to several factors such as increased demand for goods and services, favorable government policies, and improved infrastructure. Let’s take a closer look Read Full Details…

Mar 05

How India can enhance export business with SAARC member countries?

India is a leading exporter of goods and services in the world. The country has a diverse range of products that cater to the needs of various markets across the globe. The South Asian Association for Regional Cooperation (SAARC) is a regional intergovernmental organization comprising of eight member states in South Asia. India is a founding member of SAARC and has always been keen on strengthening trade relations with its member countries. In this article, we will discuss how India Read Full Details…

Mar 05

Know about the top most Problems facing Indian Exporters

India is one of the largest exporters in the world, with a wide range of products being shipped to different countries. However, Indian exporters face several challenges that make it difficult for them to operate efficiently and profitably. In this article, we will discuss some of the topmost problems facing Indian exporters. Logistics and Infrastructure: One of the biggest challenges faced by Indian exporters is the inadequate logistics and infrastructure facilities in the country. Poor road and rail connectivity, insufficient Read Full Details…