Page 12 - India Trade

On an upswing: Engineering goods exports pick up pace in H2FY24, shows data

The exports of engineering goods - comprising over a fourth of India's export basket - grew 2.1 per cent to $109.3 billion

In the economic transformation of Southeast Asia, a tale of two FTAs

Advantages of India's FTA with ASEAN appear unclear and appear to make the country dependent on Chinese imports

West Asia tensions stall India's plans to import crude oil from Iran

Iran had been India's third-largest source of crude oil until 2019 when the US imposed fresh sanctions

Israel outweighs Iran in trade with India since 2019, shows data

India's exports to Iran dropped to $1.2 billion as of December 2023, on a rolling 4-quarter basis. India's exports to Israel grew to $6.1 billion in the same period

India keen on trade deals with UK, Oman in PM Modi's probable next term

Modi has asked Indian ministries to set annual goals for the next five years that will fit into a 100-day action plan as he chalks out a strategy to fuel further growth in Asia's third-largest economy

Global trade outlook positive, geopolitical uncertainties remain: UNCTAD

Global trade dipped 3% to $31 trillion in 2023 after peaking in 2022

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