Page 11 - India Trade

Exports grow fastest in 20 months; Feb trade deficit widens to $18.71 bn

Export growth in February was led by electronics, meat, dairy and poultry, chemicals, drugs and pharmaceuticals, and engineering goods

India embraces trade deals as cos look beyond China for alternatives

Prime Minister Narendra Modi's government is taking advantage of India's growing appeal as the world's fastest-growing major economy and an alternative to China for global supply chains

16 years, 21 rounds of talks: India-EFTA free trade agreement a reality

For promised FDI, India's nominal GDP must grow 9.5% in $ terms over 15 yrs

Govt plugs loopholes in imports of QCO items

The new disciplines imposed on imports of items subject to QCOs are well intended

India, EFTA trade deal to help boost trade, investments: Industry bodies

The free trade agreement between India and the four European nation bloc EFTA will help boost trade and investments in the country in sectors such as engineering, pharma, food processing, and apparel, says the industry. India on Sunday signed a Trade and Economic Partnership Agreement (TEPA) with the European Free Trade Association (EFTA) under which New Delhi received a USD 100 billion investment commitment from these four European countries. The investment commitment by the companies of the grouping - Switzerland, Norway, Iceland and Liechtenstein - would be executed over a period of 15 years and facilitate creation of one million direct jobs in India. Industrialist and Tirupur Exporters Association President A Sakthivel said that the pact would help promote two-way commerce and help Indian apparel exporters increase their shipments. "The investment commitment will boost domestic manufacturing," Sakthivel said. Industry body CII President R Dinesh said that the "unique" pledge b

India-EFTA deal: Swiss watches, chocolates to enter India at lower prices

Domestic customers will get access to high-quality Swiss products such as watches, chocolates, biscuits, and clocks at lower prices as India will phase out customs duties under its trade pact with the EFTA bloc on these goods over a period of time. India and the four-European nation bloc EFTA signed a trade and economic partnership agreement (TEPA) on Sunday to boost trade and investments between the two regions. The European Free Trade Association (EFTA) members are Iceland, Liechtenstein, Norway, and Switzerland. It will take up to a year to implement the agreement due to an elaborate ratification process of these pacts in different countries. "We are giving duty concessions on Swiss watches, and chocolates," an official said. Some famous Swiss watch brands are Rolex, Omega, and Cartier. Nestle, which is a Swiss brand, is a major player in the Indian FMCG industry and manufactures chocolates in India. It is the third-largest listed entity in the Indian FMCG segment. According

India-EFTA trade deal to bring in $100 billion investment in 15 years

The investment will be linked to the creation of one million jobs in India

WTO: India's path diverging from S Africa's, its parting of ways with China

India has often been the fall guy for assiduously safeguarding development issues at the WTO Ministerials, but it has seen a rapid decline in its coalition partners of developing countries

Chatroom: ADD not exempt on imports under the EPCG authorisations

TNC Rajagopalan answers SME queries related to GST, export and import matters

'India blocks China's IFD in WTO, unlikely to feature in final outcome'

Along with India, South Africa also joined the WTO to block the Investment Facilitation Development Agreemen

India's Apr-Jan steel imports at 6-year high as China shipments surge

India imported 6.7 million metric tons of finished steel between April and January, up 35 per cent from a year earlier, the data showed

Shipping rates volatile in February amid Red Sea crisis, shows data

Very large crude carrier (VLCC) rates up compared to January

UK minister to discuss progress of 'ambitious' trade deal in India

Britain's minister for South Asia in the Foreign, Commonwealth and Development Office, Lord Tariq Ahmad, arrived in India on Wednesday to participate in the Raisina Dialogue in New Delhi and also discuss the progress made in the ongoing negotiations for an India-UK free trade agreement (FTA). Ahmad, FCDO Minister of State for the Middle East, South Asia, UN and the Prime Minister's Special Representative on Preventing Sexual Violence in Conflict, leads the British delegation to the flagship foreign policy conference to reaffirm the UK's commitment to upholding a free and open Indo-Pacific region. His visit to India comes as Commerce Secretary Sunil Barthwal leads a team from India to London to carry forward the fourteenth round of talks with UK officials this week. "The UK and India continue to work towards an ambitious trade deal. While we do not comment on the details of live negotiations, we continue to actively engage with India and are clear that we will only sign a deal that i

EOU can exit under EPCG scheme for CG procured from DTA also: Expert

TNC Rajagopalan answers SME queries related to GST, export and import matters

After PMO review, India makes likely final push for UK free trade agreement

If negotiations are not wrapped up at the earliest, discussions will have to be taken forward after India's election, depending on the priority of the new government

India cuts import duty to 5-10% on some fresh, processed food items

The tariff cut is unlikely to hurt the domestic market since this is an exclusive market that caters to a limited segment that wants to buy international products

Red Sea crisis: Implications of Houthi attacks on global trade, security

The Red Sea falls in an important transit route from Mediterranean Sea to Arabian Sea through Suez Canal

Domestic market enough to take in our capacity: Jindal Stainless MD

Jindal says that the strategy is to focus on the domestic market

India-Canada trade registers growth of 18.84% in 2023: Govt data

India-Canada trade in goods was USD 8.2 billion in the first 10 months of 2023 as against USD 6.9 billion in 2022, registering a growth of 18.84 per cent, according to the government data provided in Lok Sabha on Friday. India's exports to Canada in 2023 (January to October) was USD 4.1 billion as against USD 3.76 billion in 2022 and the growth was estimated at 9.04 per cent, showed the data furnished by Minister of State for External Affairs V Muraleedharan. The statistics came amid a severe downturn in ties between the two countries. "As per the available data, our bilateral trade with Canada and exports to Canada have registered an increase in 2023, compared to the volume of trade and exports in 2022," he said. The minister provided the details while replying to a question. India-Canada relations came under severe strain following Canadian Prime Minister Justin Trudeau's allegations in September last year of a "potential" involvement of Indian agents in the killing of Khalistan

India Inc shows signs of the Red Sea conflict in Q3FY24 performance

Capital goods and engineering companies - Bharat Electronics, TD Power Systems and KEC International, all have noted some operational strain owing to Red Sea woes