Category: Foreign Trade Law

All Countries Foreign Trade Law Updates

Oct 22

Ministry of E & IT & Directorate General of Foreign Trade launches online import management system

The Ministry of Electronics and Information Technology and the Directorate General of Foreign Trade launched an online import management system for the issuance of authorization for the import of Information Technology hardware. Briefing the media about the online portal, Electronics and Information Technology Secretary, S. Krishnan said that the portal developed in collaboration with the Department of Revenue is an end-to-end online system introduced to make import authorization seamless, faceless, paperless, and contactless. Laptops, tablets, personal computers, and servers will 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

Reasons Why Challenges Are Always Involved in Foreign Trade?

Foreign trade plays a crucial role in the global economy, promoting international relations and economic growth. However, it is not without its share of challenges. Businesses engaged in international trade often face a complex landscape that demands flexibility, adaptability, and foresight. In this article, we will explore the reasons why challenges are always involved in foreign trade. Foreign trade presents significant opportunities for businesses to expand and access new markets. However, the challenges are inherent and multifaceted, from economic and Read Full Details…

Current Active Non-Tariff Barriers Worldwide
Aug 13

Navigating Global Trade: A List of Current Active Non-Tariff Barriers Worldwide

In the intricate world of international trade, non-tariff barriers (NTBs) play a significant role in shaping commerce between nations. Unlike traditional tariffs, NTBs encompass a wide range of policies and practices that impede trade without relying on direct taxes. This blog post provides an overview of some of the current active non-tariff barriers around the world, shedding light on their impact on global trade flows. 1. Technical Barriers to Trade (TBT) Technical barriers include standards, regulations, and conformity assessment procedures Read Full Details…

Jul 30

Globalization and the Evolving Landscape of International Trade

Globalization, a phenomenon that has shaped the modern world, has transformed the way nations interact and conduct trade. Over the past few decades, international trade has witnessed significant shifts, powered by advances in technology, communication, and transportation. The multifaceted impact of globalization on present international trade, delving into its benefits, challenges, and future prospects: The Globalization of Trade: Globalization, in the context of trade, refers to the integration of economies through the exchange of goods, services, capital, and ideas across Read Full Details…

Jul 16

Know how to start Export Import Business in India?

Starting an import-export business in India involves several key steps. Here are the main ones: Remember that starting an import-export business involves specific legal, regulatory, and financial considerations. It’s advisable to consult with professionals such as lawyers, accountants, or trade consultants to ensure compliance with all legal requirements and maximize the chances of success.

Jul 02

Finding Business Opportunities in African Continents

The African continent, with its rich cultural diversity, vast resources, and rapidly growing economies, has emerged as a hub for business opportunities. The 21st century has witnessed significant growth and development across the continent, making it an attractive destination for investors and entrepreneurs alike. The various avenues for identifying and capitalizing on business opportunities in African countries. Before delving into any market, it is essential to conduct a thorough assessment of the economic trends in the target region. Africa’s economy 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…

How Export-Import Businesses Can Benefit from Foreign Trade Research Data
Jun 12

How Export Import Business Can get help by Foreign Trade Research Data

The global marketplace has become increasingly interconnected, with export-import businesses playing a vital role in international trade. In order to stay competitive and make informed decisions, these businesses can leverage foreign trade research data. Such data provides valuable insights into market trends, consumer behavior, tariff regulations, and emerging opportunities, enabling exporters and importers to optimize their operations and enhance profitability. Know how export-import businesses can effectively utilize foreign trade research data to their advantage: Foreign trade research data provides export-import Read Full Details…

Jun 12

How to Identify Emerging Areas in the International Market for Exporting Goods

In today’s globalized economy, identifying emerging areas in the international market is crucial for businesses looking to expand their export operations. These emerging areas offer tremendous growth potential, new business opportunities, and access to untapped consumer markets. However, navigating the international market landscape can be challenging without a strategic approach. The key strategies and considerations for identifying emerging areas in the international market for exporting goods are: Identifying emerging areas in the international market for exporting goods requires a systematic Read Full Details…