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Likely pact with Oman comes as a welcome surprise in India's FTA drive

CEPA is also commonly referred to as a free trade agreement, or FTA. The next round of talks for it with Oman are scheduled to start on January 16

India to press for social security pact at Trade Policy Forum meet with US

New Delhi will raise issues of visa delay, exports of pharma goods and marine products

Inter-ministerial meeting next week to discuss ongoing Red Sea crisis

The development comes in the backdrop of the Red Sea crisis impacting global trade

Rodtep, personal computer imports on table at India-US trade policy forum

Trade policy meet may also take up issues like GSP, non-tariff barriers

India-US forum to discuss import monitoring system for laptops, PCs

The US has sought clarification once again even as India cited national security concerns as a rationale behind its August 2023 decision

India's services PMI touches a three-month high at 59 in December

Owing to lower readings in October and November, however, the latest quarterly average was the lowest since the fourth quarter of the financial year 2022-2023

The Red Sea conflict: Agri, textile exporters hold back shipments

The cost of freight and insurance has risen due to ships being compelled to avoid the region and take a longer route around the Cape of Good Hope

Proposed India-UK FTA: Social security impasse prolongs negotiations

India is pushing for a social security pact in the proposed deal, considering that the UK is its second-largest service export destination after the US

Govt to undertake third party assessment of white goods PLI: DPIIT Secy

The assessment will be to see whether the stated objective of the scheme-that intends to make India a manufacturing powerhouse-has been achieved

Commerce department takes stock as ongoing Red Sea crisis intensifies

About 15 per cent of world shipping traffic transits via the Suez Canal, the shortest shipping route between Europe and Asia

India's manufacturing PMI declines to 54.9 to hit 18-month low in Dec

Despite the decline, the December figure marked 30 months of the index remaining above 50. A survey print above 50 indicates manufacturing expansion, and below that, contraction

Govt relaxes quality control order norms for ACs to enable ease of business

Quality control orders (QCOs) issued by the government aim to not only improve the quality of manufacturing standards but also enhance the brand and value of 'Made in India' products

Lower duty for electric vehicles in UK FTA inevitable: Govt to automakers

The domestic manufacturers have opposed import duty cuts on EVs, considering that it is a sunrise industry. India has been pushing for duty reduction in a phased manner

Exports to Iran fall amid decline in rupee reserves of middle east

A growth in the near future is unlikely owing to global geopolitical tensions

Exports to Australia see upward trend, owing to duty concessions under ECTA

Government officials said that there has been an uptick in exports of products, where duty concessions have been given under the trade deal

India seeks bargains against UK's carbon border tax as part of FTA

Both countries hope to finalise the deal by February, before the Lok Sabha election in India

States, ministries to make 'checklist' to manage data for Gati Shakti NMP

DPIIT, which is responsible for overseeing Gati Shakti NMP, has also prepared a document - a crucial resource for clarity and data management practices - for relevant stakeholders

Govt aims to attract investors from Germany, UK for electric vehicles

While the government is yet to firm up the timeline of the launch of policy, there have been consultations with several countries on the matter

Govt to extend RoDTEP benefits to e-commerce exports: Piyush Goyal

The RoDTEP scheme, which came into effect three years ago, refunds the embedded non-creditable central, state, and local levies paid on inputs to exporters

India may discuss non-tariff barriers in Trade Policy Forum meet with US

"For India, restoration of our status as a beneficiary of the US GSP programme and securing good terms for Indian professional service providers should be the priorities," said secretary general, CUTS