Month: May 2024

Onion
May 26

India imposes export duty of 40% on onions

The government on Friday imposed a 40 percent duty on the export of onions. Additionally, it granted an exemption on duty for the import of desi chana until March 31, 2025. Furthermore, it has prolonged the duty exemption on imports of yellow peas for shipments covered by the bill of entry issued on or before October 31, 2024. In a notification, the finance ministry said the changes would be effective from May 4. Currently, the export of onion is banned. Read Full Details…

May 26

Top Reasons for Global Trade Uncertainties in Export and Import in 2024

In 2024, global trade continues to face significant uncertainties, impacting export and import activities worldwide. These uncertainties stem from a combination of geopolitical tensions, economic shifts, and emerging challenges that disrupt traditional trade patterns. Here are the top reasons contributing to global trade uncertainties in export and import in 2024: Example: The continued rivalry between the United States and China has led to a series of trade restrictions and tariffs, affecting numerous industries and creating a ripple effect on global Read Full Details…

May 26

How Economic Damage from Climate Change?

Climate change poses a significant threat not only to the environment but also to the global economy. The economic damage from climate change is multifaceted, affecting various sectors, from agriculture to real estate, and leading to substantial financial losses. Here are some genuine reasons and examples illustrating the economic impact of climate change: Example: In 2019, a severe drought in Australia led to a significant drop in wheat production, causing a spike in global wheat prices. This not only affected Read Full Details…

A Comprehensive Review of Country-Wise Foreign Trade Policies and Their Benefits for Foreign Trade (2024-2025)
May 14

A Comprehensive Review of Country-Wise Trade Policies and Benefits for Foreign Traders in 2024-2025

In an interconnected global economy, foreign trade policies are pivotal in shaping international commerce and fostering economic growth. As we navigate the complexities of the global marketplace in 2024-2025, understanding the nuances of country-wise trade policies is essential for foreign traders seeking to capitalize on emerging opportunities and mitigate potential challenges. This article provides a comprehensive review of foreign trade policies across key countries and explores the potential benefits for foreign traders in the coming year. The Global Trade Landscape:The Read Full Details…

May 01

Navigating the Seas of Global Trade: Understanding the Complexities of International Trade and Port Management

In today’s interconnected world, international trade serves as the lifeblood of economies, driving growth, prosperity, and innovation across borders. At the heart of this intricate web of global commerce lie sea ports, the gateways through which goods flow between nations. However, behind the bustling docks and towering cranes lies a world of complexities that shape the dynamics of international trade and port management. The Global Trade Landscape:International trade is a multifaceted domain shaped by a myriad of factors including economic Read Full Details…

May 01

Unraveling the Phenomenon of Top Sea Ports in Global Trade: Exploring High-Volume Traffic

Sea ports play a pivotal role in facilitating global trade, serving as crucial hubs for import and export activities. Among them, certain ports stand out for their remarkably high volumes of cargo traffic. This research aims to delve into the factors contributing to the exceptional performance of these top sea ports, analyzing their significance in the realm of international trade. By examining key attributes and operational strategies, this study provides insights into the dynamics that drive the high volume of Read Full Details…