Day: June 19, 2023

Exploring the Benefits of Growing International Trade Opportunities in Peru, South America
Jun 19

Exploring the Benefits of Growing International Trade Opportunities in Peru, South America

Peru, a vibrant country located in South America, is experiencing significant growth and reaping numerous benefits from its expanding international trade opportunities. With its strategic geographical location, rich natural resources, favorable business environment, and proactive government policies, Peru has become an attractive destination for global trade and investment. The key advantages and potential benefits that Peru is gaining through its growing international trade activities. Peru’s growing international trade opportunities have positioned the country as a key player in South America’s Read Full Details…

Jun 19

How Trade Barriers Are Used as Weapons in International Trade?

International trade plays a crucial role in the global economy, promoting economic growth, job creation, and fostering cooperation among nations. However, in the realm of international trade, various countries resort to the use of trade barriers as a strategic weapon. Trade barriers are measures implemented by governments to restrict the free flow of goods and services across borders. While their intended purpose may be to protect domestic industries or address economic concerns, they can also be deployed as tools for Read Full Details…

Jun 19

The Impact of Trade Barriers and Political Upheaval on Export Businesses

International trade plays a vital role in the global economy, fostering economic growth and providing opportunities for businesses to expand their markets. However, trade barriers and political upheavals can significantly affect the operations and profitability of export businesses. The various ways in which trade barriers and political instability can impact export-oriented enterprises : a. Increased Costs: Tariffs and import duties imposed on exported goods can raise their prices, making them less competitive in international markets. Exporters may be forced to Read Full Details…

Jun 19

India’s Export-Import Bank Plans To Step Up Funding For African Countries

India’s EXIM plans to step up investments under a govt-supported line of credit program to finance Indian companies looking to access African markets. India’s Export-Import Bank plans to step up investments under a government-supported line of credit program to finance Indian companies looking to access fast-growing African markets, the bank’s top official said, part of a move to expand trade ties. “Africa is becoming a big consuming continent and there Indian companies have huge potential to find a market,” Harsha Read Full Details…

Jun 19

CBIC notifies Courier Imports and Exports (Electronic Declaration and Processing) (Second Amendment) Regulations, 2023

The CBIC vide Notification No. 43/2023-Customs (N.T.) dated June 15, 2023 notified the Courier Imports and Exports (Electronic Declaration and Processing) (Second Amendment) Regulations, 2023. This amendment is made under the authority of the Customs Act, 1962. The regulations, which will become effective upon their publication in the Official Gazette, aim to modify the Courier Imports and Exports (Electronic Declaration and Processing) Regulations of 2010. The specific amendment involves Form HA within the 2010 regulations. Under heading D and column Read Full Details…