Monkeypox in Africa: Indian exporters keep fingers crossed

Indian exporters are worried about the Monkeypox outbreak in Africa, a key trading partner. Although the situation is currently under control, they fear possible disruptions. The WHO has renewed its declaration of the virus as a public health emergency. India and Africa aim to expand their bilateral trade to USD 200 billion by 2030.

India and Australia have begun a new round of negotiations in Sydney to advance their comprehensive free trade agreement. These talks aim to finalize several chapters of the pact, which builds upon the Economic Cooperation and Trade Agreement implemented in December 2022. Discussions include duty-free access and deeper engagement in key sectors like goods and […]

India raised objections to the EU’s carbon tax, claiming it undermines fair global trade principles. Commerce Secretary Sunil Barthwal stressed that the Global South faces challenges in balancing sustainable development and responding to measures like the EU’s carbon border adjustment mechanism (CBAM), effective from 2026. Barthwal advocated for increased cooperation on food security, and better […]

Global Trade Research Initiative proposed changes to the India-UAE partnership to address potential misuse and revenue loss. They recommended removing duty concessions on precious metals and altering rules of origin norms. The suggestions aim to curb the influx of duty-free gold, silver, and jewellery that is impacting India’s jewellery sector and government revenue.

India is a leading exporter of deoiled rice bran, which is used in the cattle feed industry.

​The ties between the two countries nosedived after India abrogated Article 370 of the Constitution, revoking the special status of Jammu and Kashmir and bifurcating the State into two Union Territories on August 5, 2019.

Finding new items to sell overseas is crucial as muted global demand, geopolitical challenges and a drop in crude, commodities and metal prices dragged India’s goods export growth to an eight-month low in July, with outbound shipments contracting 1.47% to $33.98 billion.

India’s exports of medicines have gained significant market share in the US, standing as the third-largest import source in 2023. With exports worth USD 9 billion, India’s share rose to 13.1 per cent. The country also saw notable growth in antibiotics exports to Italy and MRI apparatus exports to Germany, reflecting efforts in boosting domestic […]

India’s export growth for July fell to an eight-month low due to decreased global demand and declining prices of crude, commodities, and metals. Goods exports contracted by 1.47% to $33.98 billion, mainly due to lower petroleum product exports. Imports increased by 7.45% to $57.48 billion, widening the trade deficit to $23.5 billion. This was driven […]

The Indian government plans to revise its foreign direct investment (FDI) policy, holding stakeholder consultations. Commerce Secretary Sunil Barthwal indicated that the Department for Promotion of Industry and Internal Trade is working on the new policy. There is speculation on easing Chinese investment norms to reduce the trade deficit, as advised by the Economic Survey. […]