Category: Trade Partnership

Sustainability in Foreign Trade
Nov 26

The Imperative of Sustainability in Foreign Trade: A Path Towards Global Prosperity

In an interconnected world where borders blur and economies transcend geographical boundaries, foreign trade plays a pivotal role in shaping the global landscape. As the international community grapples with pressing challenges such as climate change, resource depletion, and social inequality, the imperative of sustainability in foreign trade has gained unprecedented significance. In this article, we delve into the reasons why sustainability is crucial for maintaining a balance in foreign trade and fostering a more equitable and prosperous global future. Environmental Read Full Details…

Nov 26

Emerging areas to help meet $1 trillion goods export target for 2030: DGFT

New and emerging areas like electronics, renewable energy, IT hardware, and electric vehicles will be the key for India to get to the target of $1 trillion in merchandise exports by 2030, Director General of Foreign Trade Santosh Kumar Sarangi said Wednesday. “Our electronics exports are going up. Few years back our electronic exports were ranked 11-12 in total hierarchy of exports. It has suddenly jumped to become the fifth highest exported commodity largely on account of Samsung and Apple Read Full Details…

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…

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…

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

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…

ndian govt extends restriction on sugar exports beyond Oct 31
Oct 22

Indian govt extends restriction on sugar exports beyond Oct 31

Directorate General of Foreign Trade (DGFT) on Wednesday announced that the restriction on export of all varieties of sugar has been extended beyond October 31, according to the notification. “This restriction is not applicable to sugar being exported to EU and USA under CXL and TRQ quota as per prescribed procedure in the respective public notices,” said the notification. India, the world’s second-largest sugar exporter last year had placed sugar in a restricted category until October 31, 2023 ‘to prevent Read Full Details…

Oct 15

Navigating the Latest Deep Challenges in Export-Import Business Development to Worldwide Countries

The world of international trade, encompassing import export business activities, is a complex and dynamic ecosystem. While it offers significant opportunities for business expansion, it also comes with a range of deep challenges. As global markets continue to evolve, exporters and importers face new and multifaceted hurdles. In this article, we will explore the latest deep challenges in export-import business development to worldwide countries. Conclusion The export import business landscape is rife with deep challenges, as the world becomes increasingly Read Full Details…