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 […]
Goods trade up 1% in first quarter of 2024: WTO
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 […]
India’s merchandise exports show growth despite a widened trade deficit, reflecting a positive economic outlook. The Commerce Minister’s participation in the gem and jewellery industry program signifies confidence in the country’s economic trajectory.
India initiates anti-dumping probe into import of glass fibre from China, Thailand, Bahrain
1 year ago
India has launched an anti-dumping investigation into the import of glass fibre from China, Thailand, and Bahrain in response to a complaint by a local manufacturer. The probe, led by the Directorate General of Trade Remedies (DGTR) under the commerce ministry, aims to safeguard domestic industries from inexpensive imports. Owens-Corning (India) has filed for this […]
India’s thriving investment appeal is evident with high foreign remittances and FII inflows, while regulatory reforms and sector openings attract global interest. Elon Musk’s potential investments in the space and EV sectors signal promising developments for India’s economic growth and international partnerships.
Amidst global challenges, India’s export sector is anticipated to thrive under Minister Goyal’s projections. Efforts to establish specific targets, navigate FTA negotiations, and preserve diamond export interests are crucial in sustaining India’s export growth trajectory.