Indian exporters are worried about the Monkeypox outbreak in Africa, a key trading partner. Although the situation is currently under control, they fear possible disruptions. The WHO has renewed its declaration of the virus as a public health emergency. India and Africa aim to expand their bilateral trade to USD 200 billion by 2030.
Monkeypox in Africa: Indian exporters keep fingers crossed
Unilateral environmental measures like carbon tax hamper equitable world trade: Commerce Secy
1 year ago
India raised objections to the EU’s carbon tax, claiming it undermines fair global trade principles. Commerce Secretary Sunil Barthwal stressed that the Global South faces challenges in balancing sustainable development and responding to measures like the EU’s carbon border adjustment mechanism (CBAM), effective from 2026. Barthwal advocated for increased cooperation on food security, and better […]
India’s shipping ministry suggested constructing a seaport next to Bharat Petroleum Corp’s planned refinery in Andhra Pradesh to cut costs. The refinery could act as a key customer for the port. Andhra Pradesh proposed offering land at Machilipatnam, Ramayapatnam, or Mulapeta for the complex.
The ties between the two countries nosedived after India abrogated Article 370 of the Constitution, revoking the special status of Jammu and Kashmir and bifurcating the State into two Union Territories on August 5, 2019.
India is a leading exporter of deoiled rice bran, which is used in the cattle feed industry.
Global Trade Research Initiative proposed changes to the India-UAE partnership to address potential misuse and revenue loss. They recommended removing duty concessions on precious metals and altering rules of origin norms. The suggestions aim to curb the influx of duty-free gold, silver, and jewellery that is impacting India’s jewellery sector and government revenue.
Electronic goods exports surge 37 pc; dairy and poultry products by 56 pc in July 24 (YoY)
1 year ago
India’s electronic goods exports surged by 37.31 per cent in July, reaching USD 2.8 billion, reflecting growing global demand. From April to July 2024, electronic goods exports totaled USD 11.24 billion. Meat, dairy, and poultry exports also saw a substantial increase of 56.18 per cent. India’s total exports in July were USD 62.42 billion, up […]
The government is readying a scheme to incentivise parcel movement on the Ganga, Brahmaputra and Barak rivers in the first phase. A discount of up to 35% on the invoice value for transporting goods is expected to be offered by a subsidiary of state-run Shipping Corporation of India, with the government reimbursing the company for […]
Finding new items to sell overseas is crucial as muted global demand, geopolitical challenges and a drop in crude, commodities and metal prices dragged India’s goods export growth to an eight-month low in July, with outbound shipments contracting 1.47% to $33.98 billion.
Solvent Extractors’ Association of India data showed that imports of non-edible oils, however, increased to 1,88,955 tonnes from 1,32,242 tonnes. The total import of vegetable oils during the first nine months of the current oil year stood at 121.24 lakh tonnes, down 1% compared to 122.55 lakh tonnes in the year-ago period.