The government has extended the minimum export price (MEP) of $2,000 per tonne on natural honey until December 31, 2025. This measure, originally imposed in March 2023, applies to exports below this value, with major destinations being the US and UAE.
Govt extends MEP on honey, imposes minimum import price on soda ash
India has begun a countervailing duty investigation on increased imports of Calcium Carbonate Filler Masterbatch from Vietnam, following a complaint by domestic manufacturers. The probe aims to determine the impact of subsidized imports and may result in duties to protect Indian industries.
India’s exports to Australia see a 14% growth due to the ECTA, with significant increases in textiles, chemicals, and agriculture. Bilateral trade continues strong, reaching $16.3 billion in April-November 2024. Enhanced market access benefits Indian MSMEs and farmers, promoting a target of AUD 100 billion trade by 2030.
India’s exports to Australia have increased by 14% since signing the ECTA, with substantial growth in textiles, chemicals, and agriculture. Bilateral merchandise trade doubled to $26 billion in FY23. The current momentum reflects strong trade values bolstered by essential raw materials and expanded market access for Indian exporters.
Commerce Ministry seeks anti-dumping duties on PVC paste resin imports from China, 5 other nations
4 months ago
The commerce ministry recommends imposing anti-dumping duties of up to USD 707 per tonne on PVC paste resin imports from China, Korea, Malaysia, Norway, Taiwan, and Thailand to protect domestic producers. The investigation by DGTR found these imports causing material injury to India’s industry. The final decision rests with the finance ministry.
India’s exports to Australia surged by 64.4% year-on-year in November, driven by growth in textiles, chemicals, and agricultural products. Despite a 5.21% decline in overall merchandise exports, the Economic Cooperation and Trade Agreement (ECTA) has expanded market access and employment opportunities, enabling India to aim for AUD 100 billion trade by 2030.
A high-level Indian delegation visited South Korea to promote India’s maritime growth and seek collaborations with Korean shipbuilders. India aims to attract foreign partners to enhance its shipbuilding ecosystem as it lags far behind global leaders like China, South Korea, and Japan. The government is addressing challenges by introducing bills and pooling ship requirements to […]
Adani Ports has placed a significant order worth Rs 450 crore with Cochin Shipyard Ltd for eight advanced harbour tugs. The tugs are scheduled for delivery between December 2026 and May 2028. This purchase enhances APSEZ’s commitment to self-reliance and safety in the maritime sector. APSEZ is India’s largest private port operator.
Adani Ports places India’s largest order of eight harbour tugs worth Rs 450 cr from Cochin Shipyard
4 months ago
Adani Ports and Special Economic Zone Ltd (APSEZ) has announced the purchase of eight harbour tugs from Cochin Shipyard Ltd. This is part of the Make in India initiative. The project is valued at Rs 450 crore with deliveries expected between December 2026 and May 2028. This effort aims to enhance operational efficiency and safety […]
CAD surprises with a moderate deficit
4 months ago
India’s current account deficit slightly decreased to 1.2% of GDP in Q2 FY2025 from 1.3% a year ago, supported by higher services income and remittances, amidst a rising trade deficit. The primary income account net outgo decreased, while foreign exchange reserves hit new highs.