According to exporters, demand slowdown, high inflation in developed economies and increasing exports of frozen shrimp from Ecuador to America are some of the reasons for dip in India’s exports last fiscal. Leading exporters from the sector Yogesh Gupta, Managing Director, Megaa Moda, said that as the US has imposed anti-dumping duty on Ecuador, “our […]
Exports of marine products drop 9% to $7.37 billion in 2023-24
India’s engineering exports to Russia surge amid Ukraine conflict but sanctions remain a concern
1 year ago
The geopolitical situation has reshaped India’s export patterns, particularly in the engineering and machinery sectors. While opportunities in the Russian market have expanded, exporters must navigate the complexities of sanctions and banking reluctance to capitalize on this growth.
Ports and Special Economic Zone Ltd (APSEZ)’s flagship Mundra Port created a milestone by welcoming the largest container ship ever to call at an Indian port after the MSC Anna vessel docked at the Mundra Port on Sunday, the conglomerate said in a press release.
India and the Global South celebrate a significant win with the WIPO treaty on intellectual property, genetic resources, and traditional knowledge. The treaty introduces a new disclosure requirement for patent applicants based on genetic resources, providing added protection to Indian resources and knowledge in countries without disclosure obligations.
Global pact on genetic resources, associated traditional knowledge big win for India: Govt
1 year ago
Members of the Geneva-based World Intellectual Property Organization (WIPO) have concluded an agreement that creates a mandatory disclosure requirement on the patent applicant, when a claimed invention is based on genetic resources.
The trade deficit with China rose to USD 85 billion, Russia to USD 57.2 billion, Korea to USD 14.71 billion and Hong Kong to USD 12.2 billion in 2023-24 against USD 83.2 billion, USD 43 billion, USD 14.57 billion and USD 8.38 billion, respectively, in 2022-23.
Kolkata’s Syama Prasad Mookerjee Port to halt cargo operations for 12 hours due to a cyclonic storm. Safety measures in place for dock workers’ well-being.
A group of WTO member countries, including Brazil, Canada and the European Union, have urged India to submit timely notifications on sugar subsidies in the World Trade Organisation, an official said. The issue came up for discussion during the meeting of the WTO’s agriculture committee on May 23-24 in Geneva.
India’s coffee exports increased by 12.22% to USD 1.28 billion in 2023-24 due to higher demand for Robusta coffee in global markets. The country, Asia’s third-largest coffee producer, exports Arabica and Robusta varieties. Coffee shipments increased by 13.35% to 1,25,631 tonnes during January-March 2023-24.