India is hoping to conclude free trade agreements (FTA) with Canada, UK and European Union (EU) in the next few months to revive and promote exports, according to Commerce and Industry Minister Piyush Goyal. He urged manufacturers to focus on quality and sustainable manufacturing processes to capitalize on business opportunities in the developed world.
Hopeful of finalising certain FTAs in next few months, says Piyush Goyal
While the Government of India is still grappling with this new legislation — a bolt from the blue when New Delhi is engaging with the 27-nation bloc to craft a favourable free trade agreement (FTA) — Indian exporters will have to bear the brunt of it, especially those shipping commodities such as coffee, leather hide, […]
The government has been actively working towards building community-centric, grassroots level solutions. These efforts are slowly coming to fruition now. The government has been working towards mobilising the farmers to form farmer cooperatives and farmer producer organisations (FPOs) across the state and over 350 such collectives have been formed in the last 3 years.
India, UK close to concluding FTA talks, working to iron out issues on IPRs, rules of origin
2 years ago
India and the UK are close to wrapping up negotiations on a proposed free trade agreement (FTA), with the remaining issues largely relating to intellectual property rights, rules of origin and investment treaty, according to a senior government official. The UK will be the first developed country with which India has such a comprehensive FTA.
“Export of de-oiled rice bran under ITC HS code 2306 and under any other HS code is prohibited until November 30, 2013,” the DGFT said in a notification. India is a leading exporter of deoiled rice bran, which is used in the cattle feed industry.
Singapore in close contact with Indian authorities to seek exemption from non-basmati rice export ban
2 years ago
Singapore is in close contact with Indian authorities to seek exemption from the country’s ban on export of non-basmati rice, the city state’s food agency said on Friday. “Singapore Food Agency (SFA) is working closely with importers to increase the import of different varieties of rice from various sources. Singapore is also in close contact […]
India’s Commerce and Industry Minister Piyush Goyal criticised the previous governments for not doing enough stakeholder consultations on free trade agreements, saying the India-ASEAN FTA was “most ill-conceived” and unfairly favoured imports. Goyal also said India opened its markets to Japan and Korea but has not seen an increase in exports to those countries.
India is planning to establish its own international financing messaging system to assist with the government’s goal of internationalising the Indian currency, according to insiders. An expert committee is exploring options and is aiming to issue findings by August. State Bank of India, Bank of Baroda and Central Bank of India are among the banks […]
India’s decision to ban the export of many varieties of rice has led to fears that food inflation will rise and that countries in the Global South will be most affected due to already high debt levels and inflated food and fuel bills. The ban by the world’s biggest rice exporter has brought chaos to […]
Brussels has insisted that such items should be treated at par with new ones and be eligible for tariff concessions, while New Delhi has concerns it will lead to dumping of e-waste and impact India’s domestic manufacturing.