India has extended the timeline for duty-free imports of yellow peas by a month until April 2024 to cool down pulse prices. The duty on yellow peas was first implemented in November 2017 at 50%. India largely imports yellow peas from Canada and Russia. Additionally, the government has extended stock limits on tur and urad […]
India extends duty-free import of yellow peas by one month
India and the European Union are making progress in the Free Trade Agreement (FTA) negotiations, with a focus on investment protection and geographical indications. The complex FTA is unlikely to be concluded before the general elections in India and the European Parliament polls. The defence sector cooperation, including cyber security, is also being discussed.
India is set to become the largest member of the World Trade Centers Association, potentially surpassing China within five years. This growth reflects India’s increasing global presence, highlighted by active participation in major economic discussions alongside major economies. Currently, India has about 40 WTCA licensees, with many Indian entrepreneurs establishing successful companies in the US. […]
ET Graphics: Electronic commerce, farm & fishing aid, reforms: Will countries reach a deal this time?
2 years ago
Before the pivotal 13th ministerial conference (MC13) of the World Trade Organization in the UAE next week, its 164 members are endeavoring to achieve consensus on matters like food security, e-commerce, fishing subsidies, and modernizing the 29-year-old global trade organization.
Centre warns of price cap on tur dal imports
2 years ago
The Centre is considering imposing a price cap on imported tur dal to manage domestic prices due to concerns over monopoly suppliers like Myanmar and Mozambique. Consumer affairs secretary Rohit Kumar Singh warned the pulses industry of tough action in a meeting, expressing discontent over the bullish trend in tur prices. Wholesale prices of unprocessed […]
Commerce Minister Piyush Goyal emphasized that countries seeking Free Trade Agreements (FTAs) with India should recognize its vast market and business potential. He assured fair negotiations, considering India’s interests. The UK’s Minister Lord Ahmad highlighted growing bilateral trade and the importance of their trade agreement. Germany’s Tobias Lindner emphasized the potential benefits of the India-EU […]
The Indian government’s ambitious targets for net-zero emissions by 2070 and reducing logistics costs below 8% of GDP drive the need for a green logistics ecosystem. Manish Gupta, Vice President-Trucks at Porter, emphasizes the role of multimodal integrated transportation and digitization, highlighting a potential 6% cost reduction through Zero Emission Transportation (ZET) vehicles.
Focus on exports to achieve 10% growth: 16th Finance Commission chairman Arvind Panagariya
2 years ago
Arvind Panagariya, chairman of the Sixteenth Finance Commission, emphasized the need for India to focus on exports to achieve a 10% growth rate. He highlighted the importance of following China’s strategy. Panagariya also stressed the need for states to prioritize labor-intensive industries and create special zones.
Negotiations for the India-UK free trade agreement are in the final stage. A high-level Indian delegation is heading to London to resolve remaining issues on goods, services, and rules of origin. The negotiations cover 26 chapters, including market access, skilled professionals, and import duties. The bilateral trade between India and the UK increased to USD […]