The ongoing conflict between Hamas militants and Israel is likely to impact India’s ambitions of playing a bigger role in global trade. The recently announced India-Middle East-Europe Economic Corridor (IMEEC) may be affected by the conflict, leading to concerns in the markets. Oil prices have surged, gold demand has increased, and Indian stocks have tumbled […]
India’s big G20-led trade ambitions likely under threat from Israel-Hamas conflict
Cricket diplomacy: UK PM Rishi Sunak may visit India for FTA talks, watch India-England match in Lucknow
2 years ago
India and the UK are hopeful for progress in the India-UK free trade agreement as UK Prime Minister Rishi Sunak considers a visit to India. The visit aims to have detailed discussions on the FTA and other bilateral matters. Although the agreement may not be finalized before the visit, it is expected to expedite the […]
“Tanzania is our biggest export destination in Africa. Over the next few years, we are looking to make this another very fast-growing growth story,” Goyal said in the India-Tanzania Investment Forum organised by the Federation of Indian Chambers of Commerce and Industry.
Adani Ports stock tanks nearly 4%, co says Haifa port contributes only 3% of total cargo volume
2 years ago
Adani Ports and Special Economic Zone (APSEZ) clarified that the overall contribution of its Haifa port in Israel is only three percent of its total cargo volume. The company remains confident in its business performance despite the recent drop in stock prices. APSEZ operates the Haifa Port, which has caused investor concerns due to the […]
Adani Ports has reassured investors that its Haifa Port in Israel is operational and insulated from the war between Israel and Palestine. The company stated that it is closely monitoring the situation and has implemented measures to ensure the safety of its employees. The Haifa Port contributes only 3% to Adani Ports’ total cargo volume.
Exporter status certificates to be issued based on available electronic data: Commerce Ministry
2 years ago
These certificates provide certain privileges, including simplified procedures under foreign trade policy (FTP) and priority custom clearances on a self-declaration basis, exemption from compulsory negotiation of documents through banks, and exemption from filing bank guarantees for FTP schemes. Upon achieving prescribed export performance, status recognition as one, two, three, four and five-star export houses is […]
The Indian government is considering imposing a 25% duty on the export of molasses due to an expected decline in sugar production. The move aims to increase the availability of molasses for domestic distilleries, helping them meet the government’s ethanol blending target. India experienced a dry August, causing damage to the sugarcane crop in key […]
Commerce and industry Piyush Goyal launched a new initiative to issue IT system based automatic ‘Status Holder’ certificates to exporters under the Foreign Trade Policy 2023 under which the government will recognise about 20,000 exporters as Status Holders, up from 12,518 exporters recognised earlier.
Total gems and jewellery trade between India and Israel stood at USD 2.04 billion in 2022-23 as against USD 2.8 billion in 2021-22.
India and Peru will begin the next round of negotiations for a trade agreement on October 10. The agreement aims to promote bilateral trade and investments by reducing or eliminating customs duties on goods traded between the two countries. Discussions will cover various issues including rules of origin, trade in goods, customs procedures, and trade […]