Ministers from around the world are gathering in Abu Dhabi for a World Trade Organization meeting to address key issues such as reforming the dispute system and cutting fishing subsidies. The WTO’s top court has been inactive for four years due to opposition from the US, leaving billions of dollars worth of trade disputes unresolved. […]
EXPLAINED: What’s at stake at the WTO’s next meeting in Abu Dhabi?
Bharat Mart: During his visit to the UAE, Prime Minister Narendra Modi opened the Bharat Mart, a warehouse to promote Indian exports.
Prime Minister Narendra Modi, during his visit to the UAE, is expected to inaugurate Bharat Mart, a warehousing facility aimed at boosting Indian trade abroad. Similar to China’s Dragon Mart, Bharat Mart will showcase Indian exports in a one-stop facility, reducing shipping time and costs. This move aligns with the deepening economic ties between India […]
The agreement on interlinking of the instant payment platforms — UPI (India) and AANI (UAE) — will facilitate seamless cross-border transactions between the two countries. This follows the MoU on interlinking payment and messaging systems signed in July last year during PM Modi’s visit to Abu Dhabi. The agreement on inter-linking domestic debit/credit cards — […]
The timing of the report is curious as it comes ahead of the visit of several European Foreign Ministers and EU officials here next week, according to a source who did not wish to be named. Interestingly, European states are purchasing refined Russian crude from India.
India and the UAE signed a Bilateral Investment Treaty (BIT), witnessed by Prime Minister Narendra Modi and UAE’s President Sheikh Mohamed bin Zayed Al Nahyan. The treaty aims to facilitate investments in both countries, boosting confidence among investors and fostering foreign direct investment opportunities.
According to a presentation of the Agricultural & Processed Food Products Export Development Authority (APEDA), they are working on separate HSN codes for GI (Geographical Indications) rice varieties like Red rice, Black rice and Kalanamak rice.
Officials said that India is in the process of developing new Harmonised System of Nomenclature (HSN) codes for specific rice varieties to facilitate exports of those traditionally not consumed domestically. Currently, all categories of non-basmati white rice are prohibited for export.
The Indian government has added Mundra Port and Garhi Harsaru Inland Container Depot (ICD) to the list of terminals allowed for importing new vehicles, bringing the total number of ports and ICDs permitting new vehicle imports to 18. The Directorate General of Foreign Trade (DGFT) stated that the move aims to facilitate the import of […]
Increase in international prices of palm oil and the upcoming harvest of mustard crop are some of the other reasons that led to cut in the country’s cooking oil imports. According to SEA, import of cooking oil in January 2024–reported at little more than 12 lakh tonnes–is down by 28% compared with January 2023.