Page 4 - Foreign Trade Policy
India-US Trade Policy Forum meeting expected soon, says Piyush Goyal
Asserts Indian exports not impacted by GSP, says India looking to have very contemporary and modern digital laws, while maintaining high levels of data privacy
 "India-US Trade Policy Forum meeting expected soon, says Piyush Goyal")
Top Headlines: Queen Elizabeth II dies, Reliance Jio's 5G plans, and more
Business Standard brings you the top headlines at this hour
 "Top Headlines: Queen Elizabeth II dies, Reliance Jio's 5G plans, and more")
New foreign trade policy may focus on non-fiscal measures to boost exports
The policy could throw light on how India may want to be integrated into the global value chain, for which realignment has started, and factors that have affected the integration
 "New foreign trade policy may focus on non-fiscal measures to boost exports")
Commerce department recast to bring more focus on trade policy making
The DGFT has been already working on the much-delayed foreign trade policy, which is now expected to be released by the end of September
 "Commerce department recast to bring more focus on trade policy making")
Top Headlines: AEL set to enter Nifty 50, Jio explores 5G use cases, & more
Adani Enterprises (AEL) is pegged to replace Kolkata-based Shree Cement in the Nifty 50 index, a gauge for the performance of India's capital market
 "Top Headlines: AEL set to enter Nifty 50, Jio explores 5G use cases, & more")
Govt plans short-term foreign trade policy, may release before September
The new policy is much-awaited, following the extension of the existing policy for more than two years
KKR India advisor, TCS CEO among 29 members inducted in Board of Trade
The Board, chaired by commerce and industry minister Piyush Goyal, advises the government on policy measures to improve the country's foreign trade
 "KKR India advisor, TCS CEO among 29 members inducted in Board of Trade")
Top Headlines: LIC's embedded value remains flat, FTP amendments, and more
LIC's Indian embedded value (IEV) grew marginally to Rs 5.41 trillion as of March 2022 compared with Rs 5.39 trillion as of September 2021
 "Top Headlines: LIC's embedded value remains flat, FTP amendments, and more")
Settling trade in rupee: FTP tweaks may allow traders export benefits
It is not clear if the changes will be part of the existing FTP or the new policy that the DGFT hopes to unveil in Sept
Explained: INSTC, the transport route that has Russia and India's backing
INSTC is a 7,200 km-long transportation network offering the shortest connectivity route to its member states. It was established on September 12, 2000, by Iran, Russia and India
 "Explained: INSTC, the transport route that has Russia and India's backing")
The state-level political dynamics behind the windfall tax on fuel exports
Gujarat has the highest percentage of private oil pumps at 24%, followed by Rajasthan at 14.5%; the former will elect a new legislative assembly by this December, the latter, a year later
 "The state-level political dynamics behind the windfall tax on fuel exports")
Commerce ministry looking to release new FTP before September: Official
Under the scheme, the aim is to initially focus on 50 districts which have products that are scalable and hold huge export potential
Plenty of gaps in food inflation control measures, complain industry bodies
They say some measures have spawned malpractices on the part of exporters, others have been partial to a certain section of traders
 "Plenty of gaps in food inflation control measures, complain industry bodies")
Free trade agreement to facilitate duty-free exports to UAE kicks off
The India-UAE CEPA will benefit almost 90 per cent of India's exports in terms of value
 "Free trade agreement to facilitate duty-free exports to UAE kicks off")
India and EU comprehensive free trade deal to be finalised by 2024
Negotiations are expected to kick start in June, after the World Trade Organisation's (WTO's) 12th ministerial meeting.
 "India and EU comprehensive free trade deal to be finalised by 2024")
Australia hopes digital trade agreement with India by the year-end
The outbreak of the global pandemic has impacted Australia's investment in India to a degree consistent with trends elsewhere in Asia
 "Australia hopes digital trade agreement with India by the year-end")
India's trade pacts: A toss-up between strategic interests, economic gains
A free trade agreement (FTA) is due to be signed with Israel in June. By the end of 2022-23, at least one more FTA will possibly be entered into with the UK.
Government extends foreign trade policy till September 30
In the policy, the government announces support measures for both goods and services exporters
Centre extends foreign trade policy by another six months till Sept 30
The development comes amid disruptions in global trade due to month-long tension between Russia and Ukraine
 "Centre extends foreign trade policy by another six months till Sept 30")
Australia says 'very close' to finalising free-trade agreement with India
A free trade agreement between India and Australia has been more than 10 years in the making, with negotiations beginning in 2011 before being suspended four years later in 2015
 "Australia says 'very close' to finalising free-trade agreement with India")
