The CII called for a review of trade ties with China due to the country’s reliance on electronics components imports, posing a risk to domestic manufacturing sustainability.
CII calls for review of trade ties with China
Commerce min engaging with different departments on India, Korea FTA upgrade talks: Official
1 year ago
India and Korea are progressing with talks to upgrade their existing free trade agreement (FTA), known as the Comprehensive Economic Partnership Agreement (CEPA). The Department of Commerce is collaborating with various ministries such as heavy industries, steel, and chemicals to prepare the offer list for the negotiations.
India’s e-commerce exports are set to receive a boost with the establishment of designated e-commerce hubs by DGFT and the Department of Revenue to streamline the export process.
The strategic India-Middle East Europe Economic Corridor (IMEE-EC) is set to commence its India-UAE leg, with a digital platform for port information exchange expected to be operational within the first 100 days of the Modi government. The initiative, aimed at enhancing trade connectivity, faces challenges due to tensions in West Asia, but recent support from […]
India’s oil imports from Russia hit a record high of 2.1 million bpd in May as discounts widened due to lower demand from China. Some European nations avoided Russian oil after the Ukraine invasion, making Russian oil cheaper than similar grades from the Middle East.
The Directorate General of Foreign Trade (DGFT) has introduced a new automated system to establish adhoc input-output norms, aimed at facilitating foreign trade procedures. This initiative allows exporters to import duty-free raw materials for manufacturing goods meant for export under advance authorisation. Exporters can now apply for customized adhoc norms through a rule-based, automated process […]
The escalating trade tensions between Europe and China over electric vehicles have the potential to ignite a new trade war. As Europe imposes tariffs on Chinese EVs, China retaliates by targeting European farmers, particularly in the pork industry. This tit-for-tat strategy threatens to impact various sectors on both sides.
The Indian government has approved the export of 2,000 tonnes of non-basmati white rice to Malawi and Zimbabwe through the National Cooperative Exports Limited, despite a ban on such exports since July 2023 to boost domestic supply. The move aims to meet the food security needs of the two African nations.
In the latest Container Port Performance Index (CPPI), released by the World Bank and S&P Global Market Intelligence, India’s ports have achieved notable global rankings. Nine ports from India have been listed among the top 100 globally. Visakhapatnam Port secured the highest position among them, ranking 19th worldwide in 2023. Mundra Port also made significant […]