Govt allows onion exports to Bangladesh, Mauritius, Bahrain, Bhutan

The government granted permission for traders to export 54,760 tonnes of onion to Bangladesh, Mauritius, Bahrain, and Bhutan until March 31st. The specified quantity can be exported within this timeframe, with the details currently being finalized. As of now, there is a ban on onion exports till March 31.

India is set to become the largest member of the World Trade Centers Association, potentially surpassing China within five years. This growth reflects India’s increasing global presence, highlighted by active participation in major economic discussions alongside major economies. Currently, India has about 40 WTCA licensees, with many Indian entrepreneurs establishing successful companies in the US. […]

India and the European Union are making progress in the Free Trade Agreement (FTA) negotiations, with a focus on investment protection and geographical indications. The complex FTA is unlikely to be concluded before the general elections in India and the European Parliament polls. The defence sector cooperation, including cyber security, is also being discussed.

The Centre is considering imposing a price cap on imported tur dal to manage domestic prices due to concerns over monopoly suppliers like Myanmar and Mozambique. Consumer affairs secretary Rohit Kumar Singh warned the pulses industry of tough action in a meeting, expressing discontent over the bullish trend in tur prices. Wholesale prices of unprocessed […]

Before the pivotal 13th ministerial conference (MC13) of the World Trade Organization in the UAE next week, its 164 members are endeavoring to achieve consensus on matters like food security, e-commerce, fishing subsidies, and modernizing the 29-year-old global trade organization.

Commerce Minister Piyush Goyal emphasized that countries seeking Free Trade Agreements (FTAs) with India should recognize its vast market and business potential. He assured fair negotiations, considering India’s interests. The UK’s Minister Lord Ahmad highlighted growing bilateral trade and the importance of their trade agreement. Germany’s Tobias Lindner emphasized the potential benefits of the India-EU […]

Negotiations for the India-UK free trade agreement are in the final stage. A high-level Indian delegation is heading to London to resolve remaining issues on goods, services, and rules of origin. The negotiations cover 26 chapters, including market access, skilled professionals, and import duties. The bilateral trade between India and the UK increased to USD […]

Arvind Panagariya, chairman of the Sixteenth Finance Commission, emphasized the need for India to focus on exports to achieve a 10% growth rate. He highlighted the importance of following China’s strategy. Panagariya also stressed the need for states to prioritize labor-intensive industries and create special zones.

India, Brazil and South Africa are the troika of the G20, the WTO DG said. “We hope they will work together to ensure MC13 is a success… the entire package… not one issue or the other… it is across the board,” she told ET. “Not just G20, they are also BRICS (members)… they should support […]

The government maintains the differential between local and international prices, and is not considering any cut in import duty on rubber. The duty on import of dry rubber was increased, and port entry for import of natural rubber has been restricted.