Category: Free Trade Agreements (FTAs)

Jul 16

Tariff Hikes and Exports to the USA: What Exporters Need to Know

In recent years, tariff hikes imposed by the United States have significantly impacted global trade dynamics. For exporters targeting the U.S. market, understanding these tariff changes and their implications is crucial to sustaining competitiveness and growth. The effects of tariff hikes on exports to the USA, challenges faced by exporters, and strategies to navigate this evolving landscape. What Are Tariff Hikes? Tariffs are taxes or duties imposed by a country on imported goods. When the U.S. government raises tariffs on Read Full Details…

May 15

Why UAE is India’s second biggest export destination?

The United Arab Emirates (UAE) is India’s second biggest export destination, accounting for about 9.2% of India’s total exports. The two countries have a strong economic relationship, with bilateral trade reaching $60 billion in 2020-21. The reasons behind this strong trade relationship and why UAE is such an important market for Indian exports : One of the main reasons for the strong trade relationship between India and the UAE is their geographical proximity. The UAE is located at the crossroads Read Full Details…

Trustworthy India Trade Partner Countries and Export Opportunities for Indian Exporters
Apr 14

Trustworthy India Top Trade Partner Countries and Export Opportunities for Indian Exporters

India is one of the world’s fastest-growing economies and a leading exporter of a wide range of goods and services. With a population of over 1.3 billion people and a rapidly expanding middle class, the country offers a large and lucrative market for businesses around the world. At the same time, India is also an important exporter, shipping products ranging from textiles and agricultural goods to high-tech electronics and pharmaceuticals to countries around the globe. Trustworthy India Trade Partner Countries Read Full Details…

Apr 14

The African Continental Free Trade Area: Opportunities in 2023-2024.

In 2018, African leaders signed an agreement to create the African Continental Free Trade Area (AfCFTA), which aims to create a single market for goods and services on the African continent. The AfCFTA officially came into effect on January 1, 2021, and it has the potential to transform the African economy by creating new opportunities for businesses and individuals across the continent. As we move into 2023-2024, there are several key opportunities that the AfCFTA offers to those looking to Read Full Details…

Apr 07

How to Achieve India’s Export Target of $2 Trillion by 2030

India has set an ambitious target of achieving $2 trillion in exports by 2030, which is nearly double the current level of exports. To achieve this target, India needs to focus on several key areas, including improving infrastructure, enhancing the ease of doing business, developing new markets, and promoting innovation and entrepreneurship. Improving Infrastructure Infrastructure is a critical component of any economy, and India is no exception. To achieve its export target, India needs to invest in infrastructure projects that Read Full Details…

Mar 28

UAE and Costa Rica begin Cepa talks to strengthen trade ties

The UAE and Costa Rica have started Comprehensive Economic Partnership Agreement negotiations to strengthen their trade ties. The move comes as the Arab world’s second-largest economy forges ahead to develop closer trade and investment relations with partners around the world. The UAE has already signed four Cepa deals with India, Israel, Indonesia and Turkey, and is close to finalising new agreements with Cambodia and Kenya. It also recently concluded negotiations for a new trade deal with Georgia. “Today, through the Read Full Details…

Feb 26

Germany’s Scholz committed for Free Trade deal between India, EU

German Chancellor Olaf Scholz said on Saturday that he and India’s Prime Minister Narendra Modi were committed to sealing a free trade deal between India and the European Union (EU). “It’s an important topic and I’ll get personally involved,” Scholz said after his meeting with Modi in New Delhi. The EU and India revived negotiations to forge a free trade agreement last year with the aim of completing talks by the end of 2023. For the EU, a free trade Read Full Details…

Feb 12

Peru and Australia commemorate three years of Free Trade Agreement

Three years after the entry into force of a Free Trade Agreement, Australia has become the main destination for Peruvian exports to Oceania. Peru exports fishing (52%), agricultural (28%), and chemical (8%) goods to the country down under. Similarly, it imports inputs (73% of the total) from said nation. Australia is a market of great opportunities. The variety of goods currently being imported by the main economy in Oceania translates into countless alternatives for Peruvian exporters —namely those linked to Read Full Details…

Feb 01

Free Trade Agreements (FTAs) make Exporters competitive: Economic Survey 2023

The Economic Survey 2023, tabled before the parliament by the Financial Minister Nirmala Sitaraman reviews the performance of the Indian economy .In these surveys it was observed that During FY23 (till December 2022) India’s exports have displayed resilience on the back of record levels of exports in FY22. Petroleum products, gems and jewellery, organic and inorganic chemicals, drugs and pharmaceuticals were among the leading export items. Recognising the key role exports play in improving the resilience of the external sector, Read Full Details…