Addressing the opening session of the two-day TIMM in Jaipur, he said the meeting aims to formulate fair, inclusive and sustainable trade and trade-related investment policies. “While recognising the importance of smooth logistics for international trade, he said that paperless trading is a critical step towards streamlining cross border transactions, reducing administrative delays and enhancing […]
Meet aims to ease trade barriers, boost growth: Piyush Goyal
Trade deficit falling at a rapid pace, exports to see growth in coming months: Piyush Goyal
2 years ago
India’s trade deficit is decreasing rapidly, and the country’s exports are expected to grow positively in the coming months, according to Commerce and Industry Minister Piyush Goyal. Goyal attributed the decline in exports to a global slowdown, high interest rates, and reduced discretionary spending. Lower petroleum prices also contributed to the decrease in exports.
EU commissioner for trade Valdis Dombrovskis also indicated the two sides may resolve their outstanding dispute. The two are involved in a dispute over tariffs imposed by New Delhi on information and communication technology goods outside the World Trade Organization.
“Government’s priority is to ensure sufficient availability of sugar for consumption, ethanol production and maintaining closing stocks of 6 million tonnes for 2023/24 season,” the Department of Food and Public Distribution said in a statement.
On the sidelines of G20 trade and investment ministers meeting, she also said overall visa liberalisation issues do not fall in the ambit of trade pacts and these are immigration issues. Indian industry has sought easy access for domestic professionals. “We have closed many chapters… perhaps the simpler tasks. We are now in the final […]
Monsoon rains in the top cane growing districts of the western state of Maharashtra and the southern state of Karnataka – which together account for more than half of India’s total sugar output – have been as much as 50% below average so far this year, weather department data showed.
India has asked for a review of the agreement to eliminate barriers and misuse of the trade pact. Concerns have also been raised about routing of goods from third countries in India through Asean members by taking the duty advantages of the agreement. Trade facilitation, customs cooperation, and economic and technical cooperation are likely to […]
After the G20 Trade and Investment Ministerial Meeting in Jaipur, which is scheduled for Thursday and Friday, the UK’s Business and Trade Secretary Badenoch is expected to head to New Delhi for bilateral talks with her Indian counterpart, Commerce and Industry Minister Piyush Goyal. Their discussions will coincide with the ongoing twelfth round of FTA […]
Amid slackening demand for engineering goods from major markets such as the US and China, shipments to Russia continued their uptrend and more than doubled to US$ 123.65 million in July 2023 from US$ 55.65 million in July 2022, a rise of 122.03 per cent, according to a media release issued by EEPC India on […]
Food Secretary Sanjeev Chopra on Tuesday said there are no plans to import wheat from Russia under any diplomatic deal. Last month, Centre had imposed a ban on the export of widely consumed non-basmati white rice, following a ban on broken rice exports last year.