The caveat assumes significance in context of the govt's announcement of its plan in Aug 2023 to issue licences for import of select IT hardware products to reduce the country's dependence on China
Government officials said that the negotiations were completed earlier in March and revising India's offer would mean restarting inter-ministerial consultations to firm up India's revised stance
Out of India's top 10 import partners, inbound shipments from the United Arab Emirates (UAE) grew at the fastest pace in October
Since 2001, the US has shown a steady and growing demand for goods from India, with imports rising significantly
Trade deficit widens to $27 bn as imports hit a high
The government is seeking to revive a decade-old proposal to streamline FTA negotiations, especially in the backdrop of imbalanced deals with a couple of trade partners
According to Sitharaman, she has the responsibility to protect existing domestic companies producing goods locally, while balancing the needs of those dependent on imports
Forum director emphasises 'big potential' of rupee-rouble trade between both nations
The government's policy decision aims to avoid hurting the local industry by imposing higher import duty on key raw materials or intermediate goods from the trade bloc
The Trump-led regime's stance on India's laptop and IT hardware import policy is expected to remain the same, he said, adding that India should take action if it deems fit.
Trump's return to power could also bring a fresh wave of scrutiny toward India. In October, he had cited it as the "biggest tariff charger" and has threatened reciprocal tariffs
Most depts, ministries likely to have agreed to proposal
The ministry of textiles is preparing the framework and has been in consultations with the industry to take into consideration its views
IES is an interest subvention scheme, under which benefits in the interest rates charged by the banks are given to the exporters on their pre and post shipment rupee export credits
Issues like labour, climate change need to be discussed on int'l forums, he says
China has been among India's top two trade partners for close to over a decade, although New Delhi's import dependency on Beijing has been high as compared to exports
Netherlands, US, UK see positive growth despite muted global demand
Standard operating procedure will take into account strategy towards modern FTA issues such as environment, labour, and digital trade
India pushes for a binding critical minerals pact amid discussions to restructure the India-US CEO Forum
The commerce department is closely tracking the conflict between Iran and Israel and any development related to the same is under its radar