DHL Express opens Central Asia Hub in Hong Kong

IPEF has 14 members, including India, Australia, the US, Japan, Fiji, South Korea, New Zealand, Singapore and Thailand, representing 40% of the global gross domestic product and 28% of the global trade in goods and services.

The gap between exports and imports widened to $31.46 billion on the back of a jump in gold imports, official data released Wednesday showed. It was at $19.37 billion in September and $26.3 billion in October last year. Gold imports rose 95% to $7.23 billion last month.

If the rupee depreciates about 10% and the import content in the product being exported is 20%, the net gain to exports would be 8%, said industry experts. “One can also get the benefit while negotiating contracts. If an exporter hasn’t hedged, then they would get windfall gains during the period of depreciation, but most […]

The ‘rules of origin’ provision prescribes minimal processing that should happen in the FTA country so that the final manufactured product may be called originating goods in that country. Under this provision, a country that has inked an FTA with India cannot dump goods from some third country in the Indian market by just putting […]

The DGFT Regional Offices are supposed to issue the certificate in three days. Under the new arrangement, no applications are invited from exporters, and the certification is granted every year in August based on annual export figures available with the partner government agency – DGCIS.

For the UK, the simple fact is that, outside the European Union, it is no longer an economy of such size and potential that it can expect massive concessions. Brexiteers might have promised that a liberated Britain could negotiate without one hand tied behind its back by Brussels.

Goyal, who is currently on a four-day visit to the US to attend the Indo-Pacific Economic Framework (IPEF) Ministerial Meeting and the Asia-Pacific Economic Cooperation (APEC) Summit, was, however, unable to meet Tesla chief Elon Musk during his visit to the plant.

“We are focusing on what is officially called an enhanced trade partnership. In common sense, it’s called FTA and that is today very much the focus of what the Indian and British systems are negotiating and where we hope that we will find a landing point which will work for both of us,” Jaishankar said […]