Category: Foreign Trade Law

All Countries Foreign Trade Law Updates

May 18

Know about the Dimond and Gold Export Import Law worldwide

The global diamond and gold trade is a thriving industry, with countries around the world involved in the import and export of these precious commodities. However, to regulate this trade and prevent illicit activities, there are various laws and regulations in place. This article aims to provide an overview of the import-export laws related to diamonds and gold worldwide. Understanding the import-export laws and regulations related to diamonds and gold is essential for individuals and businesses engaged in the global Read Full Details…

May 15

Know about India’s Dynamic Trade Policy Created History in Foreign Trade

India has long been a hub of international trade and commerce, dating back to ancient times when it served as a major trading center for spices, textiles, and other goods. Today, India is one of the world’s fastest-growing economies and a major player in the global trade landscape. The country’s dynamic trade policy has been a key driver of this growth, allowing Indian businesses to expand their reach and compete on a global scale. Over the past few years, India’s Read Full Details…

May 11

The African Continental Free Trade Opportunities

The African Continental Free Trade Area (AfCFTA) is a free trade agreement between African Union member states that aims to create a single market with free movement of goods, services, and people. This agreement has the potential to create a number of opportunities for businesses and entrepreneurs throughout the continent. The key opportunities presented by the AfCFTA : Increased Trade The AfCFTA presents an opportunity for businesses to increase trade within Africa. Currently, African countries trade more with countries outside Read Full Details…

Apr 28

Tips and Guidelines about Exports through Courier from India Under New Foreign Trade Policy 2023

Tips and Guidelines about Exports through Courier from India Under New Foreign Trade Policy 2023 India’s Foreign Trade Policy 2023 has brought several significant changes in the way exports are conducted from the country. One of the most important changes is the introduction of a new chapter for exports through couriers, which simplifies the process for small and medium-sized businesses. exports. Exports through couriers offer a convenient and simplified mode for small and medium-sized businesses to conduct their exports. However, Read Full Details…

Apr 23

Know about New Town of Export Excellance – Faridabad, Moradabad, Mirzapur and Varanasi

India is an emerging economy with a rapidly growing export sector. In order to encourage and facilitate the growth of exports, the Government of India has been establishing new towns of export excellence (TEE) across the country. These towns are developed with state-of-the-art infrastructure and facilities to provide a conducive environment for export-oriented industries. Faridabad TEE (Towns of Export Excellence) Faridabad TEE is located in the state of Haryana, just south of the national capital, New Delhi. This town has Read Full Details…

Apr 23

Know about the Amnesty Scheme Benefits to Indian Exporters under EPCG

The Indian government has recently announced an amnesty scheme for exporters, aimed at reducing litigation and encouraging exports. The scheme called the Export Promotion Capital Goods (EPCG) Scheme Amnesty, provides several benefits to Indian exporters. What is the EPCG Scheme Amnesty? The Export Promotion Capital Goods (EPCG) Scheme is a government initiative that allows Indian exporters to import capital goods for use in their manufacturing processes at zero or concessional customs duty rates. The scheme was launched to boost exports Read Full Details…

Apr 17

The biggest challenges before India achieve the $2 Trillion Export Target

India has set an ambitious target of achieving $2 trillion in exports by 2030. This target is critical to boosting the Indian economy and creating job opportunities for millions of people. However, achieving this target is not going to be an easy task. There are several challenges that India needs to overcome to achieve this goal. The biggest challenges before India achieves the $2 trillion export target : In conclusion, achieving the $2 trillion export target is critical for the Read Full Details…

Apr 17

New foreign trade policy tightens norms on ‘gift’ imports

It may become easier to receive Rakhis and life-saving drugs as gifts from relatives or friends abroad, under India’s new Foreign Trade Policy (FTP), even though it has tightened provisions for other gifts from overseas, including those purchased from global e-commerce portals. As per the 2015-20 trade policy, whose provisions were extended till March 31 this year, the import of gifts was free in case of goods that are otherwise freely importable under India’s foreign trade classification norms. Any other Read Full Details…

Apr 12

India’s New Foreign Trade Policy 2023-2030: Objectives and Future Goals

India has always been a key player in the global trade arena. The country’s rich heritage and diverse culture have made it an attractive destination for international trade and investment. In order to further boost its exports and attract foreign investments, India has recently announced a New Foreign Trade Policy for the period 2023-2030. The new policy aims to make India a major player in global trade and provide a boost to the country’s economy. Objectives of India’s New Foreign Read Full Details…

Apr 10

e-commerce exports challenges in Export Bill Regularization and solutions in India

India has been witnessing significant growth in e-commerce exports in recent years, fueled by the increasing demand for Indian products in global markets. However, one of the major challenges faced by e-commerce exporters in India is Export Bill Regularization. In this article, we will explore the challenges in Export Bill Regularization in the case of e-commerce exports and how exporters can address them. Challenges in Export Bill Regularization for E-commerce Exports The regulatory framework for e-commerce exports is still evolving Read Full Details…