The government imposes six-month import restrictions on low ash metallurgical coke starting January 1, 2025, including quantitative restrictions for specific countries. Imports allowed only with DGFT authorization. QR monitored quarterly, applicable for January-March and April-June 2025. High ash content coke is exempted from this restriction.
Govt imposes restrictions on import of low ash metallurgical coke for 6 months
India-US critical mineral partnership step forward, China nods to some fish imports: Govt
1 year ago
India’s MoU with the US on critical minerals is viewed as progress, particularly for the EV sector, and aims to eventually qualify for benefits under the US Inflation Reduction Act. The agreement intends to boost investment and manufacturing in India. Additionally, ongoing FTA negotiations and trade expansions with countries like China and Russia are mentioned.
Vizhinjam Port in Kerala celebrated its 100th commercial vessel, MSC MICHELA, arriving on Christmas Day. The vessel, flying the Portuguese flag, docked at 1:30 PM with a length of 299.87 metres and a draft of 12.5 metres. It came from Mumbai and will head to Shanghai after unloading containers. This marks a significant milestone for […]
Trump tariffs: Exporters are discussing with the government to capitalize on potential opportunities in the US market, especially in sectors like textiles, leather, chemicals, electronics, auto parts, and toys. Increased financial support and promotion in the US market are recommended to take advantage of the changing trade dynamics favoring India over China.
India extends duty-free import timeline for yellow peas until February 2025 to cool pulse prices. The duty on yellow peas was first implemented in 2017. India imports pulses primarily from Canada, Russia, Myanmar, Australia, and some African countries. Despite increased production, India’s demand surpasses domestic supply.
FIEO has developed a strategy to boost India’s exports to the US, aiming to seize opportunities from potential tariffs on Chinese goods under Trump. They seek government financial support for exhibitions and focus on key sectors like apparel, electronics, toys, footwear, and organic chemicals. FIEO also highlights liquidity issues and calls for relaxed payment rules […]
A top trade body, FICCI, has urged the Indian government to increase customs duty on polypropylene and polyethylene from 7.5% to 12.5% to prevent dumping from countries like China, protect domestic industry, and reduce import bills. These materials are essential in various industries including automotive and medical devices.
Jawaharlal Nehru Port Authority (JNPA) collaborates with Switzerland-based Terminal Investment Limited Sarl (TIL) to invest Rs 20,000 crore in the Vadhvan Port development in Maharashtra. The project, involving a total investment of Rs 76,200 crore, aims to enhance port infrastructure and establish Vadhvan Port as a world-class facility.
MFN status suspension not to delay implementation of EFTA trade pact with India: Switzerland
1 year ago
Switzerland confirmed the suspension of the Most Favoured Nation clause in its tax treaty with India will not hinder the ratification of their recently signed trade agreement. This suspension, impacting potential tax benefits, won’t negatively affect Swiss investments in India, according to the Swiss Embassy. The trade deal promises a substantial USD 100 billion investment […]
India prepares for trade talks with the returning Trump administration. The government consults with industry to identify key export priorities. Potential tariffs and the mini-trade deal are under consideration. India also explores strategies like IT export diversification and domestic manufacturing growth. The Indo-Pacific Economic Framework trade pillar remains a point of contention.