A parliamentary panel suggests India raise concerns about the EU’s anti-deforestation rules at the WTO. They want a review of free trade agreements’ effects on the spice trade. The committee urges promoting ‘Make in India’ for leather goods to protect artisans. They highlight the need to safeguard Indian spice farmers’ interests in trade deals.
Govt should flag EUDR as non-tariff barrier at WTO: Parliamentary panel to govt
Global trade faces a significant transformation marked by rising protectionism and geopolitical tensions. Businesses must navigate a fragmented landscape with complex legal challenges, including sanctions and diverging regulations. Strategic foresight, diversification, and local expertise are crucial for resilience and seizing opportunities in this evolving trade order, where legal strategy is paramount.
UK trade pact offers big opportunity for Indian textile exporters amid US tariffs: Official
11 months ago
India’s free trade agreement with the UK is poised to significantly boost textile exports, potentially increasing them by 30-45% by 2030. The agreement eliminates duties, providing a competitive edge over rivals like Bangladesh and China, especially for garments, home textiles, carpets, and handicrafts.
Parliament approves The Merchant Shipping Bill, 2025
11 months ago
Parliament has given its approval to The Merchant Shipping Bill, 2025, which aims to broaden the criteria for owning merchant shipping vessels. This bill allows the central government to detain vessels lacking nationality within India or its coastal waters.
Shipping Corporation of India is planning a big purchase. It will buy twenty-six ships made in India. This is part of a government plan. The goal is to boost India’s shipbuilding industry. Other sectors like petroleum and steel will also buy ships. The total value of these orders is very high.
India can’t cross certain red lines: Top officials to Parliamentary panel on trade negotiations with US
11 months ago
Indian officials have briefed a parliamentary panel on the challenging phase in Indo-US trade relations, emphasizing India’s commitment to constructive dialogue while acknowledging certain non-negotiable red lines. Despite trade tensions, positive aspects of the relationship were highlighted, including US support on extradition and counter-terrorism efforts.
India broadens its export focus to fifty nations, including those in West Asia and Africa. This move aims to lessen dependence on one market. It also seeks to cushion against trade disruptions amid high US tariffs. The government is devising strategies to protect exports from these tariffs. They are also exploring alternative markets and domestic […]
Focused efforts being made to mitigate adverse impact of US tariff: Government to Parliament panel
11 months ago
India asserts its stance on trade talks with the US. Government prioritizes national interest amid tariff concerns. Focus shifts to export diversification and leveraging existing trade agreements. India plans to address Pakistan’s nuclear threat made from US soil with the US. The US has not conveyed any change in schedule for the next round of […]
Amid strained relations, India has expanded its ban on jute product imports from Bangladesh via land routes, now including woven fabrics, twine, and sacks. This restriction, following earlier curbs in June, allows imports only through Nhava Sheva Seaport. These measures, alongside previous restrictions on garments and transhipment, reflect growing tensions and concerns over trade imbalances […]
No need to worry about US tariffs, duty hike on shrimp chance to boost Indian market: Nitesh Rane
11 months ago
Maharashtra Fisheries Minister Nitesh Rane views increased US tariffs on Indian shrimp as an opportunity to boost the domestic seafood market. He urged stakeholders not to worry excessively, highlighting Europe and Vietnam as alternative export destinations. Rane emphasized prioritizing the Indian market to support local farmers and fishermen, aligning with the Aatmanirbhar Bharat policy.