View: India can’t lead the Global South and not feed it

India’s decision to ban the export of many varieties of rice has led to fears that food inflation will rise and that countries in the Global South will be most affected due to already high debt levels and inflated food and fuel bills. The ban by the world’s biggest rice exporter has brought chaos to […]

Brussels has insisted that such items should be treated at par with new ones and be eligible for tariff concessions, while New Delhi has concerns it will lead to dumping of e-waste and impact India’s domestic manufacturing.

Commerce and industry minister Piyush Goyal visited the UK on July 10-11 where he discussed with UK’s Secretary of State for Business and Trade, Kemi Badenoch and Minister of State for International Trade, Nigel Huddleston, ways to make progress on the FTA negotiations and wider trade and investment opportunities for the UK and India.

India’s engineering exports declined by 11% YoY to $8.53bn in June 2023, with shipments to the US, the EU, and China leading the drop, according to the Engineering Exports Promotion Council of India (EEPC). Exports to the US fell to $1.45bn, a 12.5% dip; to the EU slumped by 16.2% to $1.51bn and to China […]

Under the Market Access Initiatives (MAI) Scheme, startups and new exporters have been made eligible for airfare reimbursement to participate in overseas events while the ceiling for this incentive for existing exporters has been raised 20%.

India has removed retaliatory customs duties on eight US products. Among these were almonds, walnuts, and chickpeas as the country looks to resolve its trade disputes with the US. Retaliatory charges had been imposed on 28 US products in response to America’s decision to levy extra import taxes on certain steel and aluminium products. The […]

India has agreed to remove retaliatory customs duties it imposed on eight US products including apples and lentils. The duties were imposed by India in retaliation to the US raising import duty on steel and aluminum. Indian Minister of State for Commerce and Industry Anupriya Patel said in a written reply to the Rajya Sabha […]

Around 200,000 tons of rice is being loaded at various Indian ports, and this quantity would be allowed to move out, said B.V. Krishna Rao, president of the Rice Exporters Association. But the government should also allow exporters with valid LCs to ship out their cargoes, Rao said.

Russia is not ruling out introducing quotas on the export of oil products to stabilise gasoline prices, Russian Deputy Prime Minister Alexander Novak said. He added that some refineries had postponed planned maintenance to a later date to meet rising demand.

India and Germany are looking to strengthen bilateral cooperation and increase investments and collaboration, according to Robert Habeck, Germany’s Vice Chancellor and Minister of Economic Affairs and Climate Action. While China remains Germany’s biggest trading partner, there is concern about being too reliant on a single market, and Habeck said de-risking and diversification is important. […]