Page 33 - Trade Exports

Container vessel idling at 1-yr high as Covid-19 pandemic sinks sailing

The highest sailing cancellation since the Covid-19 outbreak was in February, registering a spike of 105 cancellations across Trans-Pacific, Asia-Europe, and the Mediterranean trades.

Vocal for local: Khadi masks to be exported to corona-hit US, UAE

Of total domestic orders for 800,000 masks, 600,000 have been supplied to Rashtrapati Bhawan, PMO and ministries

China using trade sanctions as weapon to silence coronavirus criticism

The move is the first time Beijing has used access to its huge markets as leverage in its campaign to deflect blame for the outbreak.

Exports fall at fastest pace in 25 yrs in April due to coronavirus lockdown

Exports shrank by 60% in April as the monthwide lockdown restricted outflow of goods

Top biz headlines: Exports fall at fastest pace, IMF concerns, and more

Business Standard brings to you the top headlines of the day

Global trade may plummet between 13% to 32%, WTO sees 'ugly' numbers

'These numbers are ugly - there is no getting around that,' World Trade Organisation Director-General Roberto Azevedo said

UK could lose $32 billion annually in EU exports if trade deal fails: UN

The most affected would be Ireland, which could see a 10% cut in its exports under the no-deal scenario.

Imported goods deposited in bonded warehouse can be re-exported: Expert

The conditions for such re-export or DTA clearance are spelt out in those legal provisions

Exporters approach court over cess on export incentives, get interim relief

The high court granted interim relief to petitioners against any "coercive" measures by the authorities

India can explore $82 bn export potential in 20 products in China: Report

Currently, India meets only 3.3 per cent or USD 2.7 billion of the total annual import demands of USD 82 billion for these 20 products in China

Flag countries placing non-tariff barriers on exports: Goyal to industry

He further said the stakeholders need to tell the government, which country is using any trade remedial measures or non-tariff barriers which impact their exports to that country

First vegetable shipment from Varanasi flagged off to Dubai via sea route

FPOs have been engaged to ensure supply of quality produce from the region, the release said

Industry demands export promoting measures, simplification of labour laws

Finance Minister Nirmala Sitharaman on Tuesday held discussions on regulatory environment impacting private investment and measures for promoting exports in a pre-budget consultation with stakeholder groups from industry, trade and services sectors. The representatives submitted suggestions concerning reduction of compliance burden and tax litigation, allowing self-certification in low risk industry, decriminalisation of tax and company laws. Besides, they demanded reduction of cost of equity capital, simplification and rationalisation of duties and labour laws, adoption of international standards of alternative dispute resolution, export development funds for helping MSME exporters and ease of investment flow into manufacturing sector. "The main areas of discussion during the aforesaid meeting included regulatory environment impacting private investment, measures for promotion of exports amidst rising protectionist tendencies, industrial production, logistics, media & ...

Best of BS Opinion: Stagnating exports, tightening lending standards

Business Standard Opinion pieces for the day, among other things, focus on what can be done to revive economic growth.

Back to square one on trade strategy

What's the strategy to revive the economy? Mere fundamentals will not do the trick

Trade disputes' fate hangs in balance with top WTO body about to lapse

Dispute settlement mechanism will break down as the 7-member appellate body becomes defunct on Dec 10

Lack of data hampers govt's services export promotion scheme: Officials

Senior officials said the lack of data had also hampered the government's push to administer the 12 Champion Services Sectors initiative

India may be looking at a dry spell for FTAs if RCEP falls through: Experts

Talks with major economies like the EU and US, among others, on trade and investment deals are stuck on similar issues

India's RCEP foray may prove disastrous for domestic industry: Expert

The limited number of industries that have called for India to join RCEP need to address their own structural issues.

China may impose $3.58 billion in annual trade sanctions on US: WTO panel

In the WTO ruling, a three-member arbitration panel said Chinese exporters suffered impairment to trade valued at $3.579 billion annually