Page 10 - India Trade Policy

India-France trade rose to $20 bn: Chambers of Commerce and Industry Prez

Earlier trade used to be in range of $15-18 billion, and was always seen to be used on the defence, aircraft, the air force, with mostly the industries of defence and aeronautics seen to be involved

EFTA investor delegation to visit Delhi to explore business ties: Goyal

EFTA representatives will be in the national capital with more than 100 investors

PM Modi's Trump strategy sees quick concessions to avoid trade war

India's latest accommodation came on Saturday, when government unveiled the first-ever overhaul to its tariff regime, which included sweeping cuts to duties on imports from textiles to motorcycles

Budget 2025-26: Operationalising the trade route to economic growth

It would have been better had the government gone in for across-the-board Customs duty rationalisation instead of picking and choosing sectors across the board

Economic Survey: External debt remains stable amid global uncertainties

The survey noted that India's external debt has remained stable over the past few years

Eco Survey: Need for 'new strategic trade road map' with focus on quality

To deal with the challenges, the Survey suggested that India needs to remain competitive and enhance its participation in global supply chains

PM Modi may tackle economic slowdown, trade turmoil in upcoming Budget

Economists expect measures to raise disposable incomes and tariff cuts to encourage local manufacturing

What does Union Budget 2025 have in store for India's trade policy?

Since the IES expired on December 31, the commerce department is seeking approval for a slightly modified version of the scheme to cover at least MSMEs

We didn't stop trading, concerned about MFN status: EAM on Pakistan ties

He also reiterated India's longstanding concern regarding the Most Favoured Nation (MFN) status, which India had extended to Pakistan but which Pakistan didn't reciprocate

India, Iran discuss Chabahar port development and trade relations

India and Iran on Friday carried out a comprehensive review of their ties including the joint development of the Chabahar port, ways to boost trade and economic engagement and possible cooperation in agriculture and some other sectors. At the 19th India-Iran Foreign Office Consultations held in Delhi, the Iranian side is learnt to have requested New Delhi to explore ways to resume procurement of Iranian crude oil. India stopped the procurement of crude oil from Iran in mid-2019 following sanctions imposed on the Persian Gulf nation by the United States. The Iranian delegation at the talks was led by Deputy Foreign Minister Majid Takht Ravanchi while the Indian side was headed by Foreign Secretary Vikram Misri. Ravanchi met External Affairs Minister S Jaishankar and the discussions focused on bilateral matters and current regional challenges. "Discussed our bilateral ties, progress in Chabahar port and regional developments. Confident that the Foreign Office Consultations will give

The India story: Striving for a stronger share of the global trade pie

India's trade relations with the world have evolved in the last 25 years. New partnerships have been forged, old ones have been strengthened, but challenges remain

India under pressure as Trump vows action on tariffs and trade deficit

Experts fear that Indian exporters might have to pay higher duties while exporting pharmaceuticals, textiles, chemicals, and engineering goods

DGTR initiates probe into 'steel flat product' imports amid concerns

India has initiated a probe into an alleged increase in imports of certain steel flat products into the country following a complaint from the Indian Steel Association, according to a government notification. The Directorate General of Trade Remedies (DGTR), under the commerce ministry, has started the investigation into imports of 'Non-Alloy and Alloy Steel Flat Products', used in various industries, including fabrication, pipe making, construction, capital goods, auto, tractors, bicycles, and electrical panels. According to the notification of the DGTR, the Indian Steel Association, on behalf of its members - ArcelorMittal Nippon Steel India, AMNS Khopoli, JSW Steel, JSW Steel Coated Products, Bhushan Power & Steel, Jindal Steel and Power, Steel Authority of India - has filed an application under the customs tariff Act, 1975. They have sought imposition of safeguard duty on imports of these products into India. The applicant has alleged that there is a "recent, sudden, sharp and

How policymakers are split over attracting Chinese investment into India

The latest Economic Survey said, India has to find the right balance between importing goods from China and importing capital (FDI) from China

India, US need to work together to lower tariffs: US Ambassador Garcetti

Speaking at an industry event organised by the US-India Business Council (USIBC), Garcetti called India the "highest tariff" major economy in the world

Avoid protectionism that hinders trade: Commerce Secretary Sunil Barthwal

He called for mutual recognition agreements (MRAs) to facilitate trade

Need to see why industries seek high duties despite tariff cuts: DPIIT secy

India has reduced its tariffs significantly over the years, bringing them down to the world average level, yet the domestic industries continue to suggest increasing the duties, a senior government official said on Wednesday. Secretary in the Department for Promotion of Industry and Internal Trade Amardeep Singh Bhatia said that it needs to be examined why such requests come. "On the export market side and integration with the (global) supply chains, there is also a lot of work which has been done in terms of reduction in tariff, the weighted tariff has come down substantially and it is almost at the world average level. But of course, there are pressures that it should be increased by the domestic industry, which we need to look at why these requests keep coming up. Why are we not competitive enough," he said. India has also free trade agreements with different countries to push exports. The Secretary was speaking at CII's Global Policy Forum 2024. Cut in customs duties on raw ..

Packing and labelling imported goods don't confer Indian-origin status

The balances in the RVAs are built through inward remittances in freely convertible currencies

India, Australia assess progress in FTA talks, eye early agreement

Senior officials of India and Australia have reviewed the progress of talks on the proposed free trade agreement between the two countries, the commerce ministry said on Monday. The two countries had implemented an interim trade pact in December 2022 and now they are negotiating to widen the scope of the pact for a Comprehensive Economic Cooperation Agreement (CECA). "The three-day stocktake visit for the India-Australia CECA concluded in New Delhi on December 6," the ministry said. The stocktake discussions covered several critical areas of the agreement, including trade in goods, services, mobility, agri-tech cooperation, and more. "The discussions also centered on market access modalities that align with India's food security objectives," it said. Both parties evaluated the progress made so far and outlined a path forward for the early conclusion of the CECA. The Indian delegation was headed by Additional Secretary and Chief Negotiator, Department of Commerce, Rajesh Agrawal,

Copper industry to see 10-13% spurt in demand in H2FY25: ICA India

Coming calendar year may see change in trade partner dynamics for copper rods, concentrate imports