Page 4 - Trade Exports

Rajasthan's trade body ARTIA seeks subsidy relief to support exporters

According to the association, the United States' move to impose 50 per cent tariffs on India has increased pressure on medium, small and micro enterprises (MSMEs)

India cautions against misuse of export measures at SCO ministers meet

India has cautioned against weaponising export-related measures or misusing them to create artificial scarcity, distort markets, or disrupt supply chains at an SCO meeting, an official statement said on Sunday. At the SCO (Shanghai Cooperation Organisation) Trade Ministers' Meeting in Vladivostok on September 6, India said that calibrated and transparent use of these steps is essential to maintain trust in international commerce. India has also called for addressing persistent trade deficits by ensuring greater market access and simplifying processes for trade facilitation. These remarks are important as India's auto and electronics sector faced issues due to export restrictions on rare earth magnets and fertiliser by China. China is a member of the organisation. India also warned that trade-linked climate measures should not result in arbitrary or unjustified discrimination. "...persistent trade imbalances must be addressed through better market access, cooperation on standards,

Japan's MOL plans to ramp up India fleet with domestically built vessels

Plans to become India's second-largest shipping firm

High manufacturing costs may erode India's gains from reforms, trade deals

Post-tariffs, a slew of reforms have been proposed by many commentators, and indeed almost all of those would be welcome

Domestic champions, global laggards: The road to global manufacturing power

The only way to be a globally competitive manufacturing power is to ensure that the domestic market is aligned to the cost and quality demanded by global markets

Govt should allocate ₹2,500 cr for exporters to join MAI exhibitions: GTRI

Expressing concern over decline in export promotion funding, economic think tank GTRI said on Saturday said the government should consider allocating Rs 2,500 crore for exporters to participate in global exhibitions under the Market Access Initiative (MAI), which has not received any funds this fiscal. It said that exporters have missed critical opportunities between April and August to participate in overseas fairs. "With a modest budget of only Rs 250 crore in past years, the scheme was already too small for a USD 440 plus billion export economy. It must be revived with a scaled-up budget of Rs 2,500 crore annually, with funds released at least a year in advance to allow Indian firms to secure high-visibility slots at global fairs," Global Trade Research Initiative (GTRI) Founder Ajay Srivastava said. He also called for resumption of Interest Equalisation Scheme (IES), immediate roll out of the Export Promotion Mission (EPM), and E-commerce Export Hubs to boost exports amid 50 pe

Trump 50% tariff: How India stacks up against Asian, Latin American peers

India's effective tariff rate has soared to 50 per cent, while its peers face lesser tariffs despite their larger trade surpluses with the US

Textile hubs in Surat, Tiruppur suspend output as US tariff takes effect

The 50 per cent tariff will affect the export prospects of several industries in India's largest market and also poses a risk for India's near-term growth and capital flows trajectory

Are export sectors in the firing line? Markets brace for tariff fallout

From textiles and gems to auto parts and seafood, Indian exporters brace for shrinking US orders, job losses, and weaker earnings as Trump's tariff surge takes effect on August 27

UP scouts new markets as US tariffs hit textiles, jewellery and leather

Uttar Pradesh looks to Latin America, Europe, Africa and South-East Asia for exports as US tariffs squeeze textiles, jewellery and leather, with a new policy aiming Rs 5 trillion exports by 2030

Export curbs ease positive, India must cut reliance amid $100 bn gap: GTRI

China's decision to ease restrictions on exports of rare-earth minerals and fertilisers to India is a positive signal, but India must work to reduce its dependence on the neighbouring country, with which it runs an alarming USD 100 billion trade deficit, economic think tank GTRI said on Wednesday. It said that between 2014 and 2024, China's dominance over India's import landscape only widened. Its share in India's telecom and electronics imports reached 57.2 per cent, while machinery and hardware accounted for 44 per cent. Chemicals and pharmaceuticals followed closely at 28.3 per cent, it said. For India, the Global Trade Research Initiative (GTRI) said, the only real safeguard is to build strength at home by cutting dependence, investing in deep manufacturing, and becoming a true product nation. "A stronger, more self-reliant India will be better placed to engage China on equal terms, while keeping relations steady and pragmatic rather than hostage to sudden shifts," GTRI Founder

India remains fully engaged with US on trade negotiations: Commerce Secy

Barthwal said that Washington is a very important trade partner for New Delhi. A US delegation is scheduled to arrive in New Delhi for the next round of negotiations on August 25

Trump's 50% trade tariff threatens India's manufacturing ambitions

Trump's move would give India the highest tariff rate in Asia, threatening a manufacturing sector that Prime Minister Narendra Modi has spent a decade trying to build

Sugar trade body AISTA seeks export quota reform to boost shipments

Sugar trade association AISTA on Wednesday requested the government to allocate export quotas only to mills willing to ship from their own facilities, saying the current system hampers exports and hurts mill profitability. The All India Sugar Trade Association (AISTA) said the existing quota system, which distributes limited export allocations to all mills based on past production, allows remote or export-reluctant mills to sell their quotas to others, leaving substantial quantities unexported. "This leads to mills located at remote places or not interested in exports to sell their export quota to others. A substantial quantity even remains unexported, resulting in a higher than desired stock of sugar with mills," AISTA said. Sugar exports are currently on a restricted list, with the government controlling volumes through quotas distributed proportionally among mills. AISTA also criticised the 50 per cent export duty imposed on ethanol since January 15, 2024, saying it has failed t

India signs trade cooperation pact with Zambia to boost cooperative exports

India has signed an agreement with Zambia to promote trade alliances between cooperatives of both nations, Cooperation Minister Amit Shah said on Tuesday. The cooperation ministry is working to strengthen India's cooperative export ecosystem through Indian missions abroad, Shah said in a written reply to the Lok Sabha. A memorandum of understanding was signed with Zambia on July 18 to promote cooperatives and provide facilities for trade alliances between cooperatives of both countries, he said. The ministry is working through Indian missions abroad to provide market information to National Cooperative Exports Ltd (NCEL) and connect with importers from specific countries, Shah added. NCEL has also signed memoranda of understanding (MoUs) with Senegal and Indonesia-based entities Sinton Vantage Trading and PT Sinton Surini Nusantara, he said.

Bolton warns Trump's tariffs risk pushing India closer to Russia, China

Trump's leniency on the Chinese, and heavy-handed tariffs on India, jeopardise decades of American efforts to bring India away from Russia and China, said Bolton

India slams US 25% tariff as 'unfair, unjustified and unreasonable'

MEA says US move to impose 25% tariff on Indian goods over Russian oil imports is "extremely unfortunate" and pledges all necessary steps to safeguard India's national interests

Gujarat remains top exporting state in FY25 with ₹9.83 trn exports: FIEO

Gujarat retained its position as India's top exporting state in 2024-25, with outbound shipments worth Rs 9.83 lakh crore, accounting for 26.6 per cent of the country's total exports, FIEO said on Tuesday. It said despite a marginal dip from the previous year, Gujarat's exports remained significantly ahead of all other states, nearly Rs 4.3 lakh crore more than Maharashtra (Rs 5,57,271 crore), the second-ranked state. Maharashtra is followed by Tamil Nadu, Karnataka, Uttar Pradesh, Andhra Pradesh and Telangana, according to the analysis of the Federation of Indian Export Organisations (FIEO). "In 2024-25, Gujarat reaffirmed its leadership as India's top exporting state, accounting for Rs 9.83 lakh crore, which is 26.6 per cent of the country's total exports," it said. It added that Gujarat's export dominance continues to be driven by a few high-performing districts, with Jamnagar maintaining a commanding lead at Rs 3.63 lakh crore, largely owing to its petroleum and refinery ...

Butter's 47% global price surge finds explanation in a cult novel

Butter by Asako Yuzuki, a 2024 English bestseller, blends cooking, murder, and feminist themes on body image and anomie in modern Japan-think Julie & Julia meets Silence of the Lambs

Trump's tariff clouds cast a spreading gloom over export-focused MSME mood

The downward sentiment comes despite the Composite MSME Business Confidence Index (M-BCI) indicating a favourable business environment for MSMEs