India’s preferential certificates of origin for Australia and UAE saw a rise in 2024-25. Commerce ministry data shows increases of 19% and 24.7% respectively. This indicates greater use of free trade agreements by Indian exporters. Total certificates granted reached 7,20,996. Increased awareness and utilization of these agreements are expected to boost India’s global trade position.
More Indian exporters availing benefits of free trade pacts with Australia, UAE
India is actively pursuing free trade agreements with various countries. The focus is on developed nations, mineral-rich countries, developing economies, and neighboring countries. Negotiations are underway with the United States, the European Union, Chile, and others. The government aims to secure critical resources and boost exports.
Iran-Israel conflict: India halts tea exports to Tehran amid escalating tensions with Tel Aviv
1 year ago
India has suspended tea exports to Iran due to the escalating conflict with Israel, disrupting communication and business operations. This halt impacts premium orthodox tea shipments worth Rs 100-150 crore, with concerns rising over access to the Strait of Hormuz affecting overall West Asian tea trade.
The Vadhvan Port Project, set to be India’s largest port, plans to raise up to ₹300 billion ($3.5 billion) in long-term debt, offering lenders a chance to invest in a key part of Prime Minister Modi’s infrastructure vision. Owned mainly by Jawaharlal Nehru Port Authority and Maharashtra Maritime Board, the $9 billion port aims to […]
Colloidal precious metals refer to mixtures where nanoparticles of gold or silver are suspended in a liquid. Industry specialists have said that certain importers were exploiting this method to bring in goods from nations such as Thailand.
Commerce and Industry Minister Piyush Goyal stated India is prioritizing strong trade agreements with developed nations, citing deals with the UK, Australia, UAE, and EFTA. Goyal criticized past agreements with competitors like ASEAN, indirectly benefiting China. The focus now shifts to complementary economies like New Zealand and the Gulf region, alongside ongoing talks with Chile […]
The Indian government has implemented anti-dumping duties for five years on aluminium foil, Pretilachlor, and Acetonitrile imports from China, Taiwan, and Russia. This action follows investigations by the Directorate General of Trade Remedies, which revealed that these countries were engaging in unfair trade practices by selling these goods at significantly lower prices, thereby harming domestic […]
Piyush Goyal emphasized India’s strategic shift towards trade agreements with complementary economies, citing deals with the UK, Australia, and the UAE. He highlighted the UK-India FTA’s potential to boost science, technology, and innovation, fostering collaboration and trust.
China is poised to significantly increase its rapeseed meal imports from India, potentially reaching a record 500,000 metric tons in the 2025/26 marketing year. This surge follows China’s imposition of a 100% tariff on Canadian rapeseed meal, making Indian supplies more competitive. Increased crushing in India, driven by Chinese demand, is also boosting rapeseed oil […]
Commerce Minister Piyush Goyal stated that the India-UK social security agreement, termed the Double Contribution Convention Agreement (DCCA), was a non-negotiable part of FTA discussions. This agreement exempts Indian professionals on short-term assignments in the UK from paying social security contributions there for up to three years.