India and Australia bolstered defence ties and strategic collaboration during their 2+2 Ministerial Dialogue, focusing on critical minerals, trade, and security. Discussions addressed China’s regional influence, with ministers emphasizing multifaceted relations spanning defense, trade, energy, and education. The meeting highlighted historical military cooperation, honoring fallen soldiers at the National War Memorial.
India-Australia discuss strategic partnership in critical minerals, trade & investments
Govt allows valid quota holders under India-UAE trade pact to import gold through bullion exchange
2 years ago
In a notification, the Directorate General of Foreign Trade (DGFT) said that those companies can obtain the physical delivery of the consignment through International Financial Services Centres Authority (IFSCA)-registered vaults located in special economic zones.
Exporters from Tiruppur, the Tamil Nadu town that accounts for 55% of the country’s apparel exports, said global brands have bought low-priced garments like simple t-shirts that cost around $2 per piece, in contrast to fashion garments and jackets priced $8-10 per item that they bought last year during the holiday season.
Rules of origin for medical devices sector remains a sticking point under India-UK proposed FTA
2 years ago
“In the medical devices sector, a lot of issues related to rules of origin are still there. Demand for customs duty concessions is also there,” the official said, adding negotiations are going on between the two countries to resolve the differences in both goods and services sectors.
In the ongoing negotiations for a free trade agreement between the UK and India, the demand for heightened protection of Geographical Indication (GI) products from Britain’s agriculture sector remains an unresolved point. GIs like Scotch whisky and Stilton cheese signify distinctiveness linked to their specific origins, prompting discussions to address differences in protection levels.
India, a leading rice exporter, is set to prolong restrictions on overseas sales, maintaining the staple grain at its highest price levels since 2008. Despite being a top global shipper, Modi aims to curb domestic price surges, impacting nations like Benin and Senegal while facing impending reelection. Analysts predict these measures to persist post-elections if […]
“I am looking forward to leading the UK’s largest ever delegation to the Bengal Global Business Summit in Kolkata… I hope the summit will help British businesses to expand here and that companies from Bengal can enhance their footprint in the UK,” Alex Ellis, British High Commissioner to India, said.
The extant policy does not allow FDI foreign direct investment in the inventory-based model of e-commerce. It is allowed in firms operating through a marketplace model only. Director General of Foreign Trade Sarangi said that the e-commerce stakeholders have asked the department for the promotion of industry and internal trade (DPIIT) to relook the FDI […]
“With respect to the Global South, the first need is to identify global value chains, where each of the countries could focus on not only increasing their participation but also improving the quality of their participation by moving up the value chain,” Goyal said at the second Voice of Global South Summit. He said this […]
Soyabean meal export rose to 87,060 tonnes last month from 40,196 tonnes in the year-ago period, while shipment of rapeseed meal increased to 1,69,422 tonnes from 98,571 tonnes during the period under review. “Foreign demand for Indian soyabean meal has benefited from improved price competitiveness and the shortage of Argentine export supplies in recent months,” […]