India limits Bangladesh jute imports

India has imposed restrictions on the import of jute, woven fabrics, and yarns from Bangladesh, specifically prohibiting entry through any land port along the India-Bangladesh border. The Directorate General of Foreign Trade announced that these imports are now only permitted through the Nhava Sheva seaport.

Commerce Minister Piyush Goyal will meet with exporters and industry leaders on June 30 to address India’s goods and services exports amid West Asia tensions and ongoing trade negotiations. India aims for $900 billion in exports this fiscal year, even as trade talks continue with the US, UK, and EU.

President Trump indicated ongoing trade discussions with India, expressing uncertainty about removing all trade barriers. While hinting at a potential agreement to open up India’s market, he emphasized the desire for fair trade access. Both U.S. and Indian officials have signaled optimism, working towards a balanced agreement to promote business between the two nations.

India has imposed restrictions on jute, woven fabrics, and yarn imports from Bangladesh, limiting entry to the Nhava Sheva seaport, according to a recent notification by the Directorate General of Foreign Trade. This regulation, effective immediately, expands upon earlier restrictions placed on readymade garments and processed foods in May.

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President Donald Trump has hinted at a “very big” trade agreement with India following the United States’ new deal with China. Commerce Minister Piyush Goyal and US Commerce Secretary Howard Lutnick confirmed that both nations are negotiating a fair, balanced framework. Talks have reportedly progressed on mutual terms that could benefit businesses and consumers. While […]

India and Oman have updated their double taxation avoidance agreement, broadening the scope of permanent establishment to include digital and service activities. The revised agreement lowers withholding tax rates on certain payments and introduces a Principal Purpose Test to prevent treaty abuse. These changes aim to boost investment, simplify tax compliance, and enhance information exchange […]

Since the India-Australia Economic Cooperation and Trade Agreement (ECTA), South Australia has seen increased exports of almonds, horticultural products, machinery, and citrus fruits to India. India’s exports to Australia have also risen, with rice exports surging 200%. South Australia aims to further boost wine exports to India, contingent on excise duty reductions, as India is […]

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Indian trade negotiators are in Washington for talks on an interim trade deal with the US before the July 9 deadline. India aims to protect its interests in agriculture and dairy while seeking concessions for labor-intensive sectors. Discussions will also address the impact of US tariffs on steel, aluminum, and auto imports, as India seeks […]