Announce £1 bn worth of new investment
Pakistani buyers have already started making inquiries about buying Indian sugar and cotton, which is being offered at lower prices than supplies from other countries, five dealers said
Exemption from payment of IGST and compensation cess on the imports made under advance authorisations and by export oriented units has also been extended
The country's exports have recorded a growth of 5.4 per cent in January
World Trade Organization's members commended steps taken by India to improve trade and economic policies in a more inclusive and sustainable manner
Commerce and Industry Minister Piyush Goyal has said that people from all over the world should have confidence that they can do business in India, buy land and expand their manufacturing
In this podcast, Business Standard's Subhomoy Bhattacharjee explains what is RCEP, how will it benefit member nations, why did India pull out of RCEP and more
Self-reliance cannot be a superior alternative to open trade
Indian business community felt it would be swamped by imports with low duties, which it would not be able to compete with. The govt decided that it cannot afford to take the chance
If India misses out on attracting some of the new global trading infrastructure, it could be locked out of several years of growth
It is meant to strengthen the provisions for checking misuse of exemptions for imports under various trade agreements
Greater trade with ASEAN will be supportive of the prime ministerial call for greater Indian manufacturing for world markets
He also said that if some countries continue exporting low-quality goods or dumping products or routing exports through India's free trade agreement (FTA) partners, India would take actions
They say the underlying cause could be a huge drop in demand, which is not good for economic growth
New Delhi must pursue strategies that will enable it to take its place in an interconnected world
The Cabinet also approved 'The Farming Produce Trade and Commerce (Promotion and Facilitation) Ordinance, 2020' to ensure barrier free trade in agriculture produce
Say Beijing's ability to retain MNCs can't be downplayed; Incentives are largely in place, India needs to focus on business environment as well
The Director General of Foreign Trade has also extended the validity of Handbook of Procedures 2015-20 till the end of March 2021
In a written reply to the Rajya Sabha, Piyush Goyal said that while there has been growth in both imports and exports to these FTA partners, the utilisation rates of these pacts have been moderate
There are a few theories that are particularly relevant in the context of India-US trade