Page 47 - Trade

Sri Lanka reforms anti-terror law as European Union reviews trade scheme

Sri Lankan lawmakers on Tuesday approved reforms to a harsh anti-terror law that rights groups have long criticized, as the country looks to shore up its trade relations with the European Union

Trade delegation to Ethiopia announced

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FTP should be extended for six more months

No new ideas have emerged on what the new FTP should be, despite meetings with the stakeholders through the Board of Trade and Export Promotion Councils

Unprecedented sanctions against Russia to impair trade in Europe: IMF

Extraordinary sanctions imposed against Moscow over Ukraine war will weaken financial intermediation and trade and will surely lead to the recession, IMF officials said in a blog published on Tuesday

India, Canada to hold talks on proposed free trade pact on Thursday

India and Canada on Thursday will hold discussions on ways to strengthen economic ties and proposed free trade agreement between the two countries, the commerce ministry has said. Canadian International Trade Minister will be visiting India from March 10-13 to hold the fifth India-Canada Ministerial Dialogue on Trade and Investment (MDTI). The meeting will be co-chaired by Commerce and Industry Minister Piyush Goyal. "During the MDTI meeting, various bilateral trade and investment issues will be discussed in order to further strengthen the bilateral ties and economic partnership including India-Canada Comprehensive Economic Partnership Agreement (CEPA)," it said. The bilateral trade stood at USD 5.7 billion (exports USD 3 billion and imports USD 2.7 billion) in 2020-21 as against USD 6.7 billion in 2019-20. Major Indian exports to Canada include drugs and pharmaceutical products, iron & steel products, marine products, cotton fabrics and readymade garments and chemicals, while ...

Russia's invasion of Ukraine, sanctions leave global trade in tatters

Since Russia's invasion of Ukraine, hundreds of tankers and bulk carriers have been diverted away from the Black Sea

Piyush Goyal calls for increasing India's share in global trade to 10%

Goyal called for taking India among the top three nations in Global Services Trade.

Ambuja Cements, Nuvoco Vistas gain up to 6% on heavy volumes; here's why

Shares of state-owned construction & engineering company NBCC (India), meanwhile, soared 13 per cent to Rs 39 on the BSE

German exports to non-EU countries increases by 10.5% in January

The US remained the largest market for German exports

Services exports may reach $325 billion in fiscal year 2023: SEPC

SEPC chairman said by the end of the ongoing fiscal year, services exports would reach about $250 billion

United Arab Emirates, India to sign trade, investment deal on Friday

UAE de facto ruler Mohamed bin Zayed Al Nahyan and Indian Prime Minister Narendra Modi will witness the signing of the UAE-India Comprehensive Economic Partnership Agreement (CEPA).

Australia's trade minister to visit India to further FTA negotiations

Australia's Minister for Trade, Tourism and Investment Dan Tehan will travel to India on Wednesday

First round of India-UK free trade agreement negotiations complete

The second round of negotiations is scheduled to take place from 7 to18 March

India, central Asian countries pitch for boosting trade, connectivity

Leaders of five central Asian countries welcomed India's proposal to establish a joint working group to boost connectivity to the region through the Chabahar port in Iran

Electronic goods exports up 49% in April-December 2021, says govt

Top five export destinations were the US, UAE, China, Netherlands and Germany

India-South Africa trade exceeds $10 billion target set by leaders

This was despite the restrictions posed by the Covid pandemic in both countries: Consul General Anju Ranjan

UK can gain 'first mover' advantage in India with FTA, says report

The Resolution Foundation is examining the economic impact of the UK's new trade pivot towards the Indo-Pacific region following Brexit

Traded cryptocurrency in 2021? Here's how to approach taxes

The IRS has been zooming in on cryptocurrency reporting with increasing interest in recent years

Gems and jewellery exports up 71% during Apr-Dec to $28.9 billion

Top five export destinations for the sector included the US, Hong Kong, the UAE, Belgium and Israel

TPCI seeks support measures in Budget to promote food, beverage industry

The Trade Promotion Council of India (TPCI) on Tuesday suggested the government to announce incentives in the forthcoming Budget for activities such as branding and marketing of made in India products, setting up of modern R&D labs and duty-free import of raw material by SEZ units with an aim to promote the food and beverages industry. It also demanded input tax credits for the industry, incentivise institutions for traceability in the food supply system; subsidy for testing in the food sector, funds for setting up food and beverage tech machinery manufacturing plants; and interest subvention scheme for MSMEs. "Looking at the great potential which the agri and food sector holds for the economy, this sector needs further thrust and renewed focus. The agri and food sector has shown a resilient growth of more than 20 per cent sustainably despite tough times," V K Gauba, Additional Director General TPCI said in a statement. The agri and food exports may touch USD 40 billion mark this .