India has launched an anti-dumping probe into Chinese lift guide rails. The move comes after a complaint from a domestic company, and aims to safeguard local industry from low-cost imports. The investigation, led by the Directorate General of Trade Remedies, targets ‘T-Shaped Elevator/Lift Guide Rails and Counterweight Guide Rails.’ If proven, anti-dumping duties may be […]
India initiates anti-dumping probe into import of Chinese lift guide rails
India aims to clock $2 trillion goods and services exports by 2030 amid the Red Sea crisis and two ongoing wars.
India’s palm oil imports rose in June due to strong demand before festivals. Refiners played a key role, potentially impacting Malaysian palm oil futures. Sunvin Group highlighted palm oil’s competitive pricing. The country’s edible oil imports increased, with significant purchases from Indonesia, Brazil, Russia, and Ukraine.
The UNCTAD nowcast predicts a stronger positive trend for the second quarter of 2024, projecting an approximate 2% increase for the first half of 2024. This increase is expected to add around $250 billion to goods trade and about $100 billion to services trade in the first half of 2024 compared to the second half […]
Goods trade up 1% in first quarter of 2024: WTO
2 years ago
World merchandise trade volume increased by 1% in the first quarter of 2024 compared to the previous quarter, with a 1.4 per cent rise from the same period in 2023, according to the World Trade Organization (WTO). Despite Europe experiencing a decline, most regions contributed to the increase. The WTO predicts a 2.7 per cent […]
The US requests a six-month delay in India’s health certificate requirement for imported food items like milk, pork, and fish to ensure the absence of antibiotics, pesticides, and heavy metal residues.
Indian imports of Russian crude surged in June, outpacing other major suppliers. Refiners find the discounts on Urals grade appealing, with private sector involvement rising.
The government has permitted global tenders for 354 medical devices to address the lack of domestic options, potentially enhancing access to advanced medical technology not currently available in India, according to sources. The finance ministry issued a notification allowing this exception to the public procurement policy, which typically favors domestic sourcing. This move is seen […]
Critical minerals such as copper, lithium, nickel, cobalt and rare earth elements are essential components in many of today’s rapidly growing clean energy technologies – from wind turbines and electricity networks to electric vehicles.
India has strictly limited milk and milk product imports under tariff rate quotas (TRQs) in accordance with WTO commitments. Santosh Sarangi, director general of foreign trade, confirmed that no TRQ imports are planned for the current year. TRQ imports have occurred only three times in recent years, managed exclusively by cooperatives and state-owned entities, following […]