Says govt has been able to protect domestic steel industry from 'dumping'
Sharp drop in crude oil rates over fears of a recession contributed to softening of the global edible oil markets
The factsheet said the United States has long recognised significant trade barriers with India
While Trump has been labelling India as a high tariff nation and a 'tariff king', Vance refrained from using such words against India
India should prioritise reviving exports of organic non-GMO soybean and soybean meal to the United States during ongoing Bilateral Trade Agreement (BTA) negotiations, industry body Solvent Extractors Association (SEA) said on Monday. India previously exported 150,000-200,000 tonnes of organic, non-GMO soybean products to the US before safeguard duties imposed after opposition from domestic US producers effectively halted this trade, according to SEA. "It is essential that the Ministry of Commerce pursues the revival of these exports as part of the ongoing BTA discussions," SEA President Sanjeev Asthana said in a statement. The two countries are currently negotiating a bilateral trade agreement that includes discussions on key agricultural commodities such as soybean and maize. SEA also raised concerns about non-standardised packaging of edible oils following regulatory changes in 2022, saying varied pack sizes like 800 gram, 810 gram and 850 gram have created consumer confusion and
Trade policy, whether in the US or India, is made without taking the largest interest group into account
Govt nudges industry stakeholders to raise imports from Washington
As US-China tensions reshape global trade, India must reform tariffs, boost ease of doing business, and strike strategic FTAs to attract investment
Goyal said that the IMEC is a powerful endorsement of the leadership and partnership of India, Middle East and East Europe
In the corresponding period of the previous financial year (FY24), smartphones ranked fourth among HS-coded exports, behind automotive diesel fuel, aviation turbine fuel, and diamonds
Free trade, based on the theory of competitive advantage, benefits everyone in the long run
The gap between exports and imports stood at $21.54 billion last month, the trade data showed Tuesday
Exporters say production and shipping products in three months remain a challenge for tailor-made products
India may gain, more than China, from Trump's tariff exemption on electronic devices, but there are challenges
As far as reforms are concerned, the report said that India's current trade system is still geared towards large, traditional exporters and not small online sellers
At the very least, there might be things India can make for the US markets that the Chinese can't compete with, given these tariffs
India and the United States agreed in February to work on the first phase of a trade deal to be concluded late this year, with a view to reaching two-way trade worth $500 billion by 2030
The US' 90-day pause on reciprocal tariffs for countries, including India, creates a critical strategic window for New Delhi to accelerate efforts in attracting electronics manufacturing investments, particularly from companies seeking to diversify their production bases beyond China, a country which now stares at 125 per cent American levy, according to the industry. US President Donald Trump has declared a three-month pause on reciprocal tariffs on non-retaliating countries marking a rather unexpected U-turn after record high levies he imposed led to global stock market meltdown that erased trillions of dollars in investor wealth, and spooked nations and businesses. Trump has, however, made it clear that he would raise tariffs on China, one of America's biggest trading partners, to a staggering 125 per cent after Beijing vowed a fresh round of retaliation. For other countries, the rates will revert to baseline 10 per cent. Pankaj Mohindroo, Chairman of ICEA (India Cellular and ...
From factories to e-commerce warehouses, overzealous quality checks are choking trade and killing jobs-India must dismantle this outdated system to stay competitive
India must strengthen position in US markets even as it seeks new regions to trade with, says Ashok Gulati in co-written paper