India should keep Washington informed about import policy measures being considered as it would help make those actions more effective, United States Trade Representative (USTR) Katherine Tai said.
Keep us informed on import restrictions being considered: USTR to India
Red Sea crisis: Commerce min calls inter-ministerial meet on Jan 17 to discuss way forward on trade
2 years ago
The Indian commerce ministry has scheduled a high-level inter-ministerial meeting on January 17 to address trade challenges arising from ongoing issues in the Red Sea. Officials from external affairs, defence, shipping, finance, and commerce ministries will participate. The Bab-el-Mandeb Strait, a crucial shipping route, has faced heightened tensions due to recent attacks by Yemen-based Houthi […]
India had banned wheat exports in May 2022, non-basmati rice exports from July 2023 and extended curbs on sugar exports beyond October 2023, as part of measures to control rising domestic prices.
APM Terminals signed an agreement with Jawaharlal Nehru Port Authority (JNPA) to develop a container terminal at Vadhavan Port in Maharashtra. The project has an estimated cost of Rs 76,220 crore and a capacity to handle 23 million TEUs/254 million tonnes annually. The MoU was signed during the Vibrant Gujarat Global Summit 2024.
Attacks of merchant vessels in Red Sea have tripled transportation cost, says CEO of Indian shipping firm
2 years ago
The Houthi rebels have claimed responsibility for attacks on merchant ships in the Red Sea. They state these actions are in retaliation for Israel’s military operations in Gaza. The shipping industry faces increased costs due to re-routing vessels around the Cape of Good Hope instead of the Suez Canal. Insurance premiums for ships in the […]
The issue related to India’s import requirements was flagged by US trade representative Katherine Tai during the TPF meeting here. It was co-chaired from the Indian side by commerce and industry minister Piyush Goyal. He informed the US that the measure was taken on the ground of national security concerns.
Currently, China dominates the global concentration of mineral deposits and processing of critical minerals. Implications are, therefore, high for India, especially since it is committed to achieving 50% of cumulative installed power capacity from non-fossil sources by 2030.
14th TPF meet: USFDA inspections, social security top agenda as India, US go to trade policy talks
2 years ago
The TPF platform is used by the two sides to find solutions to issues arising in bilateral trade and investment matters. The TPF has five focus groups — agriculture, investment, innovation, and creativity (intellectual property rights), services, and tariff and non-tariff barriers.
India’s palm oil imports reached their highest in four months in December, driven by increased purchases of refined palmolein due to competitive prices. This could help lower palm oil stocks in Indonesia and Malaysia and support benchmark futures. The SEA reported a 2.8% rise in December palm oil imports, with refined palm oil imports soaring […]
The proposed Vadhavan port in Maharashtra is a high-priority initiative for the government, the port is designed to handle an annual cargo capacity of 23 million TEUs (twenty-foot equivalent units) or 254 million tons, boasting a natural draft of 20 meters to accommodate larger container vessels of up to 20,000 TEUs.