Page 25 - India Trade

Cabinet okays trade deal with Mauritius, the first with an African nation

Agreement is limited in scope, covers 310 export items from India and 615 imported products from Mauritius

Cabinet approves economic cooperation pact between India, Mauritius

The pact is aimed at liberalising norms to boost two-way commerce

India's crude palm oil import surges 45% in January: Trade body

India's crude palm oil imports in January jumped 44.99 per cent, the Solvent Extractors' Association of India (SEA) said on Friday

Committed to achieving $500 bn in US bilateral trade: Ambassador Sandhu

India and the US are committed to achieving the ambitious goal of a bilateral trade of $500 billion, India's top envoy said

Sugar exports may drop 24% this year due to logistics issues: Trade body

The drop was due to logistics constraints and less chances of shipments to Iran, trade body All India Sugar Trade Association (AISTA) said

Exports continue to register positive growth, up 10.3% during February 1-8

The rise was helped by strong performance by key sectors such as engineering and chemicals

DGFT introduces online system for importers to seek tariff rate quota

The commerce ministry's arm DGFT has introduced an online system for traders who seek tariff rate quota for imports

India, UK hold discussions to promote bilateral trade, investments

India and the UK have held discussions on promoting bilateral trade and investments between the two countries

India, EU hold high-level dialogue, discuss ways to promote trade

India and the European Union (EU) have held the first high level dialogue (HLD) and discussed ways to promote bilateral trade and investments

TPCI urges govt for flat 5% GST on all processed food items to spur growth

The Trade Promotion Council of India (TPCI) on Friday urged the government for a flat 5 per cent Goods and Services Tax (GST) on all food processed items to spur the growth of the sector. The council also pushed for input tax credit on food sales; tax holiday for five years for companies investing in infrastructure, including digital infrastructure; special incentives to food processing through interest subvention, and lower taxes; and competitive import tariffs over five years, with lowest or nil slab on inputs or raw materials. TPCI Founder Chairman Mohit Singla said non-tariff barriers in the food sector are impacting the industry and trade. "The new standards such as Alimentrus Codex Standard of EU require a lot of investment to meet. Therefore, TPCI demands a separate fund/ incentives for R&D and testing labs for meeting the global standards," he added. Chairman, Food and Beverages Committee, Vivek Agarwal said some of the items like molasses, white chocolate, cocoa butter, ..

US remains key forex source for India, accounts for 15-17% of goods exports

China remains the main source of India's imports, with the US at a distant fifth place

India's total exports rise marginally to $27.15 billion in December

Imports surged 7.56 per cent to $42.59 billion, official data showed on Friday

India's current account surplus moderates in Q2 due to merchandise trade

Net services receipts rose both sequentially and year-on-year, primarily on the back of higher net earnings from computer services

Cargo clearance remains a long haul for importers; industry seeks relief

Industry says goods originating from least-developing countries but routed through some other country are not getting the preferential duty benefit

People globally should have confidence they can do business in India: Goyal

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

RCEP with China, minus India: Is the trade deal a threat or opportunity?

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

Exports show signs of improvement, up 22.47% during November 1-7: Official

Showing signs of improvement, the country's exports grew 22.47% year-on-year to 6.75 billion in the first week of November, driven by healthy growth in pharmaceuticals, gems and jewellery sectors

Resume trade between India and Pakistan: Cong MP from Amritsar to PM

Congress MP from Amritsar Gurjit Singh Aujla urged Modi for resumption of trade between India and Pakistan and other central Asian countries and bringing a new trade policy

Quality and scale, not subsidies, to push exports to $1 trn: Piyush Goyal

Commerce and Industry Minister Piyush Goyal on Saturday said quality, technology and scale of production would help India take its annual exports to $1 trillion and not government subsidies

India, Australia and Japan to form pact on supply-chain resilience

The arrangement will in the long term act as a counterweight to current and proposed trading arrangements in the Asia-Pacific region, officials said