Page 7 - Trade Policy

Compliance and control

New e-commerce rules expand govt role in the business

US, China trade war costs global value chains 3-5 years of growth, says UN

Report researching the post-pandemic future of global value chains found that trade within those supply lines shrank in absolute terms.

DGTR puts up anti-absorption draft norms

The DGTR has framed the draft rules outlining the processes that will be followed for conducting the necessary investigations

Saving people from disease better than shielding industry

Should the govt policy benefit a few manufacturers through protection from imports or a large number of people via easier access to cheaper devices that help reduce chances of contracting diseases?

Waiting for members to start talks on TRIPS waiver, tech transfer: WTO

The director-general also praised India for exporting vaccines to other countries.

Government likely to extend further existing foreign trade policy

Officials said that a delay in spelling out a fresh five-year roadmap on international trade will give policymakers more time to take decisions on crucial policies

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