Year: 2023

Nov 26

Govt should cut import tax on goods to lessen need for export schemes: GTRI

Reducing import duties on inputs and capital goods could help the government cut down the need for many of the existing export schemes, think tank GTRI said on Friday.This would be an important step as India continues to face challenges in managing these incentives within the framework of international trade laws, it said. The Global Trade Research Initiative (GTRI) said that many countries, including major trade partners of India like the European Union (EU) and the US continue to declare Read Full Details…

Automotive Mechanical Engineering Forged and Casted Auto Engineering Parts Worldwide OEM Opportunities
Oct 29

Automotive Mechanical Engineering: Forged and Casted Auto Engineering Parts Worldwide OEM Opportunities

The automotive industry has come a long way since the invention of the first automobile. Today, vehicles are a complex fusion of technology and mechanical engineering, designed to provide efficiency, safety, and performance. Behind the scenes, the production of automobiles relies on a vast array of components, many of which are meticulously engineered for precision and durability. In this blog post, we’ll delve into the world of forged and casted auto engineering parts and explore the global OEM (Original Equipment Read Full Details…

Worldwide Demand for Rubber and Rubber-Made Products
Oct 29

Exploring the Worldwide Demand for Rubber and Rubber-Made Products

Rubber is a ubiquitous material that plays an essential role in our daily lives. From the tires on our cars to the soles of our shoes, rubber is an integral part of numerous products we use regularly. The global demand for rubber and rubber-made products has seen steady growth over the years, driven by a wide range of industries and applications. In this article, we will delve into the factors fueling this demand, the industries that rely on rubber, and Read Full Details…

Government imposes minimum export price on Onion
Oct 29

Government imposes minimum export price of $800 per tonne on onion till December 31

The government on Saturday imposed a minimum export price (MEP) of $800 per tonne on onion exports till December 31 this year with a view to increase the availability of the vegetables in the domestic market and contain prices. nd other vegetables at a local market, in New Delhi. File | Photo Credit: Sushil Kumar Verma The government on Saturday imposed a minimum export price (MEP) of $800 per tonne on onion exports till December 31 this year with a Read Full Details…

Dimond Jewellery demand and International Trade Opportunity, Top Trading Countries
Oct 24

Diamond Jewelry Demand and International Trade Opportunities: Top Trading Countries

Diamond jewelry has long been cherished for its timeless elegance and symbol of everlasting love. Its allure extends beyond beauty and romance; the diamond industry is also a significant player in international trade. In this article, we will explore the global demand for diamond jewelry and the international trade opportunities it presents, with a focus on the top trading countries in the diamond market. Global Diamond Jewelry Demand Diamonds have an enduring appeal that transcends cultures and generations. The demand Read Full Details…

Highest Demand for Gold Jewelry
Oct 24

Recent Top Countries With the Highest Demand for Gold Jewelry

Gold has long been a symbol of wealth, luxury, and beauty. For centuries, it has been treasured by cultures around the world for its enduring value and exquisite craftsmanship. In recent times, the demand for gold jewelry has seen significant fluctuations, influenced by economic, cultural, and societal factors. This article explores the recent top countries with the highest demand for gold jewelry and delves into the reasons behind their unwavering affinity for this precious metal. IndiaIndia has always had a Read Full Details…

Oct 24

BRICS pitches for using local currencies in international trade

It further said the process of IMF governance reform under the 16th General Review of Quotas should be completed by December 15, 2023. The BRICS nations on June 2 underlined the need for using local currencies in international trade and financial transactions besides committing themselves to support rule-based open and transparent global trade. A joint statement issued at the end of the meeting of the BRICS Ministers of Foreign Affairs and International Relations also pressed for a robust Global Financial Read Full Details…

Oct 24

The Impact of Technological Developments on Global Trade

In the modern era, technological advancements have played a pivotal role in shaping the global economy. One of the most prominent areas where these advancements have left a profound impact is global trade. The integration of technology into international trade has revolutionized the way businesses operate, connect, and exchange goods and services on a global scale. In this article, we will explore the significant impact of technological developments on global trade and how these changes have influenced the dynamics of Read Full Details…

Oct 24

India’s trade deficit widens to 10-month high of $24.16 billion in August

If seen on month, the trade deficit was up almost 17 percent over July’s $20.67 billion gap between goods imports and exports. India’s merchandise trade deficit widened to a 10-month high of $24.16 billion in August, as imports surged due on account of festive buying in India. If seen on month, the trade deficit was up almost 17 percent over July’s $20.67 billion gap between goods imports and exports. Imports of the country were recorded at an 8-month high, with Read Full Details…

Oct 24

Diplomatic tensions: Trade relations, and India’s agri imports from Canada

Diplomatic tensions between New Delhi and Ottawa continued to escalate on Thursday (September 21), with India stopping visa services in Canada and Canada “adjusting its staff presence in India”. Amid the ongoing standoff, we take a look at India and Canada’s trade ties. India-Canada tradeIndia’s total trade with Canada in the last (2022-23) financial year was $8 billion — that’s 0.7% of India’s total trade ($1.1 trillion) with the world. The share has remained this way at least for the Read Full Details…