Page 7 - Trade Policy

Learning to be flexible in a changing world

As India looks to solidify its position as a competitive global commerce hub, it is essential to deepen economic integration and lower trade costs. The key to achieving this is trade digitisation

Foreign trade policy 2021-26 to focus on MSMEs, new export potential

Online data will be available to govt, industry; will help domestic producers analyse market potential for goods

Dealing with tariff complaints

WTO's India review shows protectionism has alienated partners

NDMC show-cause notice to Le Meridien Hotel for continuing trade activity

The New Delhi Municipal Council has issued a show-cause notice to the Le Meridien Hotel for allegedly operating restaurants, lodging house and other licensable trade activities

Make in America

Joe Biden's executive order raises concerns

WTO report warns of protectionist policy in non-digital sectors

The WTR notes that many government policies still retain 'defensive' aspects, particularly in mature non-digital sectors that are subjected to intense competition and technological transition

Exports may be muted as WTO warns of growth slowdown in global trade

Exports had recovered 5 per cent in September after months of contraction.

US should rewrite the China trade contract

The world has become too dependent on China to embrace restrictive trade actions against it

New policy for setting up ICDs realistic

The new policy takes into account present capacity, future growth potential and regional imbalances

Uncertainty persists on RoDTEP benefits

The RoDTEP scheme was announced by the finance minister in September 2019 to replace the Merchandise Exports from India (MEIS) scheme

Customs clearance regulations making importers nervous

The government has raised import duties on several items and restricted import of many items subjecting them to import licensing

Centre tightens public procurement criteria for border countries

Registration stands annulled if there is a change in controlling ownership, which is above 10%

Industry wants open and facilitative import environment to boost exports

The CII asks for policies to increase the country's share in the global merchandise trade by 2025 to 5 per cent from 1.7 per cent and in services export to 7 per cent from 3.5 per ent.

Imports from related party will be scrutinised by Customs: Expert

Rule 3(3)(a) of the Customs Valuation Rules, 2007 provides that where the buyer and the seller are related, the circumstances surrounding the sale will be examined

US firms look for stable policy to make India hub: USISPF's Mukesh Aghi

While the forum is advocating India not just as a preferred market but also as an export hub, many member firms have raised concerns about sudden policy changes impacting inbound global investments.

PM needs to oversee trade policy and negotiations

We urgently need an institutional reform for trade policy. We need our PM to directly be involved with the new institutions.

National retail trade policy proposal back in consumer affairs department

Commerce ministry preparing industrial and e-commerce policies: Officials

Previous trade policies can help avoid pitfalls

In the seventies, the feeble attempts to promote exports started and gained some steam in the eighties

Wanted: Better trade policies

Import tariffs discourage trade; they do not reduce the trade deficit or foster a competitive manufacturing sector

PM urgently needs to focus on trade policy

The current institutional arrangement that disperses strategic decisions to the Ministry of Commerce and Industry and the Ministry of External Affairs lacks the necessary depth