India and Peru will begin the next round of negotiations for a trade agreement on October 10. The agreement aims to promote bilateral trade and investments by reducing or eliminating customs duties on goods traded between the two countries. Discussions will cover various issues including rules of origin, trade in goods, customs procedures, and trade […]
Talks on India-Peru trade pact from Oct 10: Government
Total gems and jewellery trade between India and Israel stood at USD 2.04 billion in 2022-23 as against USD 2.8 billion in 2021-22.
The US was followed by the UAE (USD 836.36 million), the Netherlands (USD 379.3 million), the UK (USD 336.27 million), Italy (USD 245.7 million), and the Czech Republic (USD 230.25 million).
While this may reduce exporters’ profits but it will not impact trade volumes unless the war escalates, it said. India’s outbound shipments to Israel in FY23 were $8.4 billion with diesel, cut and unpolished diamonds, and electronics and telecom components like integrated circuits, parts of photovoltaic cells being the top exports whereas total imports of […]
India Exim Bank is focusing on expanding exports to new markets and collaborating with existing ones to foster growth amid economic slowdown and geopolitical challenges. The bank is not concerned about its exposure in Canada and believes that the situation has adequate attention from the government.
Why it could be a little hard for India to clinch favourable free trade pacts with UK, European Union
3 years ago
Free Trade Agreements (FTAs), or treaties between two or more nations designed to reduce barriers to trade and investment, are not new to India. New Delhi has signed 13 such pacts in the last five decades, with the primary ones being with countries and blocs in the east — for instance Japan, South Korea, Australia, […]
Shipping firms set up subsidiaries at IFSC
3 years ago
Deepesh Shah was speaking at a panel discussion on the concluding day of the 13th edition of the INMEX SMM India 2023 conference here. “We have received eight applications for ship leasing activities, with four approvals and four in-principal (approvals). Entities, formerly based in Dubai or Singapore, have established subsidiaries in the IFSC. This has […]
Industry has stated that due to the USD 1,200 per tonne MEP, Indian exporters lose their hard-earned buyer base to Pakistan, which is a competitor of India in this segment. In August, the government decided not to allow exports of basmati rice below USD 1,200 per tonne to restrict possible “illegal” shipment of white non-basmati […]
The World Trade Organization (WTO) has revised its global goods trade forecast for 2023, cutting it to 0.8% from the previous estimate of 1.7%. The slowdown in trade is attributed to factors such as inflation, high interest rates, US dollar appreciation, and geopolitical tensions. However, the WTO expects a 3.3% growth in trade for 2024.
Goyal is here for the 11th meeting of the India-UAE High Level task Force on Investments. He added that trade in domestic currencies will help save at least 5 per cent on all trade between the two countries. The two sides held discussions around creating food and industrial parks in India. India and the UAE […]