The Ministry of External Affairs on Thursday said that some Indian companies have received licences to import rare earths from China. The minerals, vital for industries such as electronics, renewable energy and defence, have faced global supply concerns after China imposed export restrictions.
Some Indian companies have received licenses to import rare earths from China: MEA
India will now allocate tariff rate quotas for gold imports from the UAE through a competitive bidding process. This move aims to enhance transparency and efficiency. Eligible importers must be registered with the Bureau of Indian Standards for hallmarking and with GST.
Half of EU FTA deal wrapped up: Piyush Goyal
1 month ago
India and the European Union are nearing a free trade agreement. Negotiations have concluded 10 chapters, with more broadly decided. Sensitive issues like steel and automobiles require further discussion. Both sides aim for a balanced pact, recognizing mutual strengths. The EU trade commissioner’s visit in November is expected to bring further breakthroughs.
US President Donald Trump signals a trade deal with India is coming soon. This offers hope for Indian exporters facing steep tariffs. However, concerns remain about Mr. Trump’s unpredictable trade policies. India seeks assurances against future tariff hikes. The deal could boost Indian sectors like pharmaceuticals and IT. Predictability is key for long-term investment.
Rajasthan’s exporters are set for a boom in trade with the United Kingdom. A new Free Trade Agreement will make 99 percent of Indian exports duty-free. This move is expected to boost gems, jewellery, handicrafts, and textiles. Jaipur jewellers foresee tough competition for China and Thailand. The agreement promises to reshape India’s export landscape and […]
Next week, Commerce and Industry Minister Piyush Goyal will embark on a visit to New Zealand to engage in productive discussions surrounding a proposed free trade agreement. The goal of the negotiations is to bring the FTA to a robust conclusion, enhancing the rapidly growing bilateral trade between India and New Zealand.
In a significant move to enhance trade efficiency, the DGFT has introduced a self-declaration method for domestic exporters to secure their Certificate of Origin under the India-EFTA free trade agreement.
Commerce and Industry Minister Piyush Goyal stated that his recent talks with the EU have significantly reduced outstanding issues, paving the way for a robust and balanced Free Trade Agreement. Both sides expressed optimism following productive discussions, with further technical negotiations scheduled in New Delhi next week to expedite the conclusion of the FTA.
India’s recent free trade pact with EFTA opens doors for Swiss horology, especially for brands like Breitling. CEO Georges Kern anticipates a surge in profits and investment opportunities within India’s thriving luxury market.
India’s export landscape is rapidly transforming as electronics, driven by the PLI scheme and Apple’s manufacturing shift, surges past petroleum products. This strategic move, bolstered by significant investments and government initiatives, is positioning India as a global electronics manufacturing hub, promising substantial job creation and economic growth.