The directorate general of foreign trade (DGFT), had on Wednesday, notified that the import policy for unstudded jewellery made of gold, and other articles made of gold was amended to “restricted” from “free” except imports under the India-UAE free trade agreement.
SEZs out of gold import restrictions, govt clarifies
More than 140 countries were supposed to start implementing next year a 2021 deal overhauling decades-old rules on how governments tax multinational corporations. The rules are widely considered outdated as digital giants like Apple or Amazon can book profits in low-tax countries.
Energy, food security, and defence could very well be the focus areas when Prime Minister Narendra Modi touches down in Abu Dhabi for a day-long visit to the UAE on Saturday during which the two strategic partners will review the progress after they inked a landmark trade agreement. However, in the larger scheme of things, […]
India and the UK are addressing differences over intellectual property rights and rules of origin in their ongoing negotiations for a free trade agreement. The countries have closed 14 of the agreement’s 26 chapters, with issues surrounding environment, labour, and digital trade occurring in five remaining chapters.
India’s edible oil imports increased by 39.31% YoY in June 2022 to reach 13.11 lakh tonnes due to higher demand, according to Solvent Extractors’ Association of India (SEA). The overall imports of vegetable oils, including both edible and non-edible varieties, grew by 49%, with non-edible oils making up 2,900 tonnes of the total. Despite a […]
India’s commerce and industry ministry is expected to seek approval to ratify an agreement aimed at strengthening supply chains in the Indo-Pacific region. The draft, now out for consultation, proposes an IPEF Labour Rights Advisory Board to help address supply chain labour rights inconsistencies.
China’s exports to India in the first half of this year totalled USD 56.53 billion compared to USD 57.51 billion last year registering a decline of 0.9 per cent, according to the data released by Chinese customs on Thursday. India’s exports to China during the same period totalled USD 9.49 billion compared to USD 9.57 […]
Influx of inquiries from European companies on renewed interest in India: World Trade Center
2 years ago
The World Trade Center (Pune) is receiving 10-15 inquiries every week from European companies who are keen to manufacture or distribute from India. “There is an influx of inquiries from Europe for India for manufacturing and distribution. Before the pandemic, the interest was more in China,” said Niraj Khinvasara, Chief Innovative officer, World Trade Center […]
A day after food inflation surged, India is considering banning exports of most rice varieties, news agency Bloomberg reported on Thursday. This move by India, the world’s biggest rice shipper, may send already lofty global prices of the food staple higher as the disruptive El Niño weather pattern returns.
Piyush Goyal, who visited London this week amidst the India-UK talks for a free trade agreement, attended a gathering of Indian-origin chartered accountants (CAs) from the UK Chapter of the Institute of Chartered Accountants of India (ICAI) here on Wednesday evening.