Page 18 - Shreya Nandi

Govt slashes Nov gold import data by $5 billion in commodity revision

The revised data also suggests a narrowing of India's trade deficit by $5 billion, reducing it to $32.8 billion in November from the previously reported all-time high of $37.8 billion

Industry seeks extension of RoDTEP scheme to SEZs, EOUs till Sep-end

Currently, the RoDTEP scheme for exports from the domestic tariff area (DTA) or the domestic market is in place until September 30

Free trade deal may get delayed as Australia approaches 2025 elections

Both nations had signed the interim trade deal, also known as India-Australia ECTA that came into force on December 29, 2022

The India story: Striving for a stronger share of the global trade pie

India's trade relations with the world have evolved in the last 25 years. New partnerships have been forged, old ones have been strengthened, but challenges remain

India eyes $25 billion export opportunity in US amid China tariff dispute

These sectors include electronics and electrical equipment, footwear, textiles and garments, furniture and home decor, automotive components, toys, and chemicals

Steel ministry urges FinMin to hike Customs duty to counter Chinese threat

The steel ministry believes that a higher import duty, if implemented, could mitigate the adverse effects of a rise in cheaper imports of finished steel, particularly from China

FIEO bets on five sectors to drive exports to US under Donald Trump

The comment by exporters' body comes at a time when Trump threatens to impose high tariffs on Chinese goods

Piyush Goyal flags trade barriers in first meet with EU trade chief

During the meeting, Goyal also emphasised the 'need to address long-pending issues as a confidence-building measure'

Commerce dept plans mega global meet to boost exports in six product areas

The meet comes against the backdrop of merchandise exports hitting a 25-month low in November amid continued geopolitical tensions as well as a decline in petroleum prices

India, US need to work together to lower tariffs: US Ambassador Garcetti

Speaking at an industry event organised by the US-India Business Council (USIBC), Garcetti called India the "highest tariff" major economy in the world

'India charges a lot': Donald Trump threatens 'reciprocal' tariffs

Trump's remarks on India, made just weeks after he pledged to increase tariffs on imports from Mexico, Canada, and China

Commerce dept examining 'unusual' surge of 331% in gold imports in Nov

Trade data released on Monday showed that India's trade deficit reached a fresh high of $37.8 billion in November, driven by a surge in merchandise imports

Swiss MFN move won't impact $100 bn EFTA investment commitment: Barthwal

Under the Double Tax Avoidance Agreement (DTAA), Switzerland had reduced the withholding tax on Indian entities operating in that country to 5 per cent from 10 per cent earlier

India's merchandise trade deficit widens to a record $37.8 bn in Nov

Exports contract 4.85% to $32.1 billion; imports increase by 27% to $69.95 bn

Nearly a decade on, New Zealand keen to restart free-trade agreement talks

The two countries entered into FTA negotiations 14 years ago, but talks stalled after 10 rounds of discussions, and no formal round of negotiations has been held since February 2015

India lays stress on 'transition period' for European Union green norms

India-EU FTA was launched in June 2022. Nine rounds of negotiations have already taken place

Avoid protectionism that hinders trade: Commerce Secretary Sunil Barthwal

He called for mutual recognition agreements (MRAs) to facilitate trade

'Pressure' from India Inc to raise duties: Industry secretary Bhatia

Says it wants to remain protected from foreign competition

Centre grants one year extension for select IT hardware import system

Govt to monitor local manufacturing under PLI before imposing any import curbs

WTO: India for 'per capita distribution of subsidies' criteria for fishers

India also flagged the difference in the amount of subsidy provided by developing nations such as India, as compared to developed nations