India and Peru to resume FTA talks

Commerce secretary Sunil Barthwal Friday said India and Peru have decided to resume negotiations for a proposed free trade agreement (FTA). “We have decided to proceed with the FTA negotiations. We would be working out the priority areas… Post September, we will start engaging,” he said on the sidelines of India-Latin America and the Caribbean […]

In a notification issued late night, the Directorate General of Foreign Trade (DGFT) gave “liberal transitional arrangements” for such imports and said that its August 3 notification on import restrictions will be effective from November 2023.

Apple Inc., Samsung Electronics Co. and HP Inc. are among the biggest names freezing new imports of laptops and table​ts to India after the country abruptly banned inbound shipments without a license. Laptop makers had been bracing for some government measures aimed at reducing reliance on imports and boosting local production, but the sudden licensing […]

India’s Food Secretary on Friday said that the nation is considering to cut import tax on wheat. He said that the government is committed to control inflation in India.

At the CII India-Latin America & Caribbean (LAC) Region Conclave, Piyush Goyal said that at the last WTO ministerial, many countries were trying to divide such countries through “small sops”.

The age-old mechanism of placing exporters who fail to bring in foreign exchange in time on the ‘caution list’ may be examined. An internal working group of the Reserve Bank of India (RBI) has recommended rationalisation of the caution-listing process, two persons told ET.

Ahead of a key ministerial conference of the World Trade Organization (WTO) early next year, commerce and industry minister Piyush Goyal cautioned emerging markets, developing countries and the least developed countries of the developed countries’ “game of dividing” them to get agreements on fisheries and e-commerce moratorium that address the needs of a few countries […]

The Indian high commission in Maputo has issued a press release to inform all exporters of tur/arhar dal in Mozambique that they can export it to India under ‘free category’ without any upper limit on quantities and without import duty till March 31, 2024.

India’s edible oil imports hit a new record of 1.76 million metric tonnes in July, as refiners stockpiled ahead of upcoming festivals amid concerns over supplies from the Black Sea region. Higher imports could reduce sunflower oil stocks in other countries and also support benchmark futures for palm and soyoil. India’s monthly average edible oil […]