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Goods exports hit $447 bn in FY23; final data awaited: Piyush Goyal

Services exports likely to see sharper jump, estimated to cross $320 billion in FY23 from $254 billion a year ago

CBIC waives interest charges on EXIM traders due to payment woes

Besides, since importers are not able to clear their goods at the ports, the CBIC has urged shipping lines to waive detention and demurrage charges till April 10

E-commerce companies on ONDC may pay the price for non-compliance

Non-compliance may result in a penalty

Global trade growth expected to be subpar at 1.7% in 2023: WTO

With this, the trade growth is below the 12-year average of 2.6 per cent since the trade collapse that followed the global financial crisis in 2008

India, European Union speed up work on free trade agreement negotiations

The fifth round of negotiations will be held in New Delhi from June 19-23, 2023

Online monitoring portal to give 'Districts as Export Hubs' plan a leg-up

The idea will be to monitor the process of the district-wise export plan across all 750 districts across the country, and enable the states and DGFT regional authorities to upload all information

Foreign trade policy: Exporters seek 3 months from Centre for transition

In case there is a change in the policy, the transition time in that case will help the exporter execute the contract, giving some certainty for the exporter

Online platform soon for amnesty scheme benefits: DGFT SK Sarangi

'There are other sectors, such as engineering goods, agriculture, food processing, where the potential is very high'

New foreign trade policy seeks to spur rupee trade, e-com exports

Targets $2 trillion in goods and services exports by 2030

Govt's new foreign trade policy set to boost domestic manufacturing

Apart from that, under the policy, e-commerce as export hubs (ECEH) will be set up through private initiative or in public-private partnership (PPP) mode, in partnership with the states or the Centre

India's farm exports likely to touch record $56-57 billion: Official

The achievement will be commendable, given that exports of several high-value items, such as wheat and rice, have been banned during the financial year to control inflation

India remains a bright spot among global economies: Piyush Goyal

"We aim to use technology in every sphere to serve the people of India in a big way. Today, we are showcasing our developmental model to the rest of the world," Goyal said

G20 working group talks ways to make trade work for growth, prosperity

Minister of State for Finance Bhagwat Karad, who addressed the inception meeting of the TIWG in Mumbai spoke about the widening gap between developing and developed countries

New foreign trade policy may not bank on incentives to boost exports

Set to be unveiled on Friday, it is likely to focus on export hubs, e-com

G20: Working group meet calls for paperless international trade

An official statement said digitalisation of international trade could be an effective solution towards achieving cost reduction in trade and trade finance

Goods and services exports to cross $760 bn in FY23: Piyush Goyal

Asserts that India's self reliance drive isn't about closing doors but opening them wider, with the aim of letting competitive and comparative advantages determine international trade

No new incentive plan for services exports under foreign trade policy

Services exports, however, grew over 36 per cent in February at $29.15 billion, according to the Department of Commerce's estimates

The agenda: G20 meet to focus on fair, transparent, and inclusive trade

The meeting will focus on all the areas barring WTO-related matters that will be taken up at a later stage

India-UAE partnership: CEPA review to focus on key data sharing

"Such trade facilitation can also help in enhancing our exports; logistics cost will also come down," the official said

To join 'trade' pillar under IPEF or not? Govt's final call soon

Currently, India has an 'observer' status as far as the trade pillar is concerned