Page 15 - India Trade Policy

UK delegation meets top govt officials in final push for trade agreement

For India, the cut-off date is model code of conduct. Talks will stop once it sets in

Leverage free trade agreements to our benefit, Piyush Goyal tells industry

There were also discussions on the priorities identified in the Foreign Trade Policy (FTP) 2023 and the strategies and measures to be adopted to take forward the export growth

Trade deficit falls to three-month low of $19.8 billion in December

Merchandise imports, meanwhile, grew 8.45 per cent to $58.25 billion, boosted by gold imports

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

India to seek greater market access for mangoes in TPF meet with US on Fri

India will raise a number of issues with the US such as inking social security pact, and greater market access for mangoes in America during the Trade Policy Forum (TPF) meet here on Friday, an official said. The official said India will also raise issues pertaining to delay in visa; increasing exports of table grapes, pharma goods, and marine products like wild caught fish and shrimp; reinstating the Generalized System of Preferences (GSP) status to India; and export control regulations for high-tech products and technologies. The 14th TPF meet will be co-chaired by US Trade Representative Katherine Tai and Commerce and Industry Minister Piyush Goyal here. Social security, or totalisation agreement, is a long-pending demand of the country, as it will provide social security to Indian professionals in America. This would eliminate dual social security deduction, both in the home country and in the nation where an employee works. Under this, an expatriate in either country need not

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

India imposes anti-dumping duty on 3 Chinese products for 5 years

India has imposed anti-dumping duties on three Chinese products -- wheel loaders, gypsum tiles, and industrial laser machinery -- for five years to guard local manufacturers from cheap imports from the neighbouring country. These duties were imposed following recommendations of the commerce ministry's investigation arm Directorate General of Trade Remedies (DGTR). The DGTR in separate probes have concluded that these products have been exported at a price below normal value in Indian markets, which has resulted in dumping. The domestic industry has suffered material injury due to the dumping of these products. According to separate notifications of the Central Board of Indirect Taxes and Customs (CBIC) issued last month, the duties have been imposed on gypsum board/tiles with lamination at least on one side. Such duties have also been imposed on industrial laser machines, in fully assembled, Semi Knocked Down (SKD) or Completely Knocked Down (CKD) form, used for cutting, marking,

GAEC application for SCOMET items: Exporter must have trust in end user

Para 10.16 A.II.b.ii says that the applicant exporter is required to declare that the items that are intended to be exported shall not be used for any purpose other than the purpose(s) stated

Red Sea-Somali piracy shakes shipping industry, international trade

Merchant shippers exercise caution while government keeps guard up

USTR Tai to visit New Delhi next week for US-India trade policy forum meet

US Trade Representative Katherine Tai is scheduled to travel to New Delhi next week and will co-chair the ministerial-level meeting of the United States-India Trade Policy Forum with Commerce and Industry Minister Piyush Goyal. Ambassador Tai will travel to India from January 12-14 and begin her trip with a meeting with Goyal. She is also scheduled to meet Minister of External Affairs S Jaishankar later. On January 13, Tai will meet with civil society representatives, business leaders, and stakeholders to discuss the Biden-Harris Administration's engagement and commitment to fostering closer ties between the two countries. Tai's visit marks the first trip to India in the new year by a senior Biden administration official. Tai and Goyal will co-chair the 14th ministerial-level meeting of the United States-India Trade Policy Forum (TPF). During this year's meeting, Tai and Goyal will discuss a broad set of issues to enhance the resiliency of the trade relationship, including ...

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

India-US trade policy forum to discuss social security pact, visa issues

India will flag issues such as proposed social security agreement, visas, and promoting agri trade in the meeting of India-US Trade Policy Forum (TPF) during January 13-14, a top government official said. US Trade Representative Katherine Tai will be here for a meeting with Commerce and Industry Minister Piyush Goyal. It will be the 14th ministerial-level meeting of the India-US TPF. India is seeking social security of totalisation agreement with the US. "There are issues pertaining to table grapes. The US also has certain issues. Social security agreement and mobility are our main focus areas," the official said. Under the agreement, an expatriate in either country need not contribute to the social security schemes of the host country. It will benefit a number of Indians, particularly from the IT sector, who are working in America and paying social security but are unable to get any benefit out of it. The last meeting was held in Washington in January 2023. India in that meeting

Indian medtech industry urges govt action to reduce import dependency

According to the Global Trade Research Initiative (GTRI) report from August 2023, the Indian medical devices industry has the potential to expand from $12 billion today to $50 billion by 2030

Houthi rebels drag India into Red Sea crisis

States are no longer insulated from distant geopolitical realities. As India has witnessed, trade and supply chain linkages can extend conflicts to uninvolved states

India-Russia trade exceeds $50 bn: EAM highlights progress in key sectors

During the meeting, Jaishankar conveyed Prime Minister Narendra Modi's personal greetings to President Putin

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

India evaluating implications of FTA as Bangladesh mulls RCEP membership

India is worried because of Bangladesh's greater dependence on China for imports as compared to India and fears it can become an issue if Bangladesh joins RCEP

Visa, agri, GSP likely to figure in India-US trade policy forum meet in Jan

Issues about visas, promoting agri trade and resumption of benefits under the American generalised system of preferences (GSP) are expected to figure in the meeting of India-US Trade Policy Forum (TPF) in January here, an official said. US Trade Representative Katherine Tai will be here for a meeting with Commerce and Industry Minister Piyush Goyal. Both sides will discuss ways to increase trade and investments between the two countries during the two-day meeting from January 13, 2024. It will be the 14th ministerial-level meeting of the India-US TPF, the official said. The last meeting was held in Washington in January 2023. India in that meeting highlighted the delay in the issuance of business visas to people from India. New Delhi is also keen on restoration of its beneficiary status under the US GSP programme. The previous Trump administration in the US revoked the Generalized System of Preferences (GSP) from India in 2019. The GSP allows eligible developing countries to expor

CCI clears Alpha Alternatives Group stake purchase in Dilip Buildcon

Fair trade regulator Competition Commission of India (CCI) has granted an approval to Alpha Alternatives Group for the acquisition of a 10 per cent stake in Dilip Buildcon, according to a notice. The CCI cleared the deal under the green channel route. The transaction involves the acquisition of 9.99 per cent of the equity stake in DBL by way of subscription to warrants by Alpha Alternatives Holdings Pvt Ltd (AAHPL), and its other entities, the CCI said in the notice on Friday. The commission has also approved the acquisition of 26 per cent equity shareholding and investment in certain non-convertible debentures (NCDs) in DBL's Special Purpose Vehicles (SPVs) by AAHPL along with its affiliates. The SPVs operate Hybrid Annuity Model (HAM) projects (constructed and under-construction projects) engaged in the road infrastructure sector in India. AAHPL is a multi-asset class asset management firm that raises capital and manages investments on behalf of its clients. In November, engine