trade
Government News

Removal of Additional Custom Duty On Apples Will Not Hurt Domestic Players: Commerce Ministry

Amid the uproar over the removal of customs duty on apples imported from the US, the Commerce Ministry has clarified that the decision would not impact local players. Addressing a press conference on Tuesday, Peeyush Kumar, Additional Secretary, Commerce Ministry said that the government has sufficient policy space to support growers if there is any […]

Read More
News

Italian PM Hints At Leaving China’s BRI, Says It Won’t Affect Ties

Leaving the Belt and Road Initiative (BRI) also known as Silk Road does not compromise relations with China, but the decision still has to be taken, Italian Prime Minister Georgia Meloni said on Sunday, the Italian media, Corriere della Sera daily reported. On the sidelines of the G20 Summit, the Italian PM met Chinese Premier […]

Read More
International News Trade

China’s Exports Plunged 14.5% In July, Biggest Drop Since 2020

According to government data released on Tuesday, China’s trade numbers decreased in July, an indication that the country’s economic recovery was dragging despite efforts by leaders in Beijing to boost development, according to the New York Times. After the United States, China has the second-largest economy in the world, and its exports have now plummeted […]

Read More
Export Government National News

India’s Ayush And Herbal Exports Reach $1.24 Billion In 2 Years

India has exported a total of 1,240.6 million dollar Ayush and Herbal products in last two years (2021-2022 to 2022-23), the Central government told the Rajya Sabha on Tuesday. A total of 612.1 million dollar Ayush and Herbal products were exported in 2021-2022 while 628.25 million dollar Ayush and Herbal products were exported in 2022-2023, […]

Read More
News Trade

India, Latin America And Caribbean Can Target $100 Bn In Trade By 2027: Jaishankar

External Affairs Minister S Jaishankar on Thursday, highlighted four key pillars of cooperation between India and Latin America and the Caribbean (LAC region) and said that the two economies can target USD 100 billion in trade by 2027. Jaishankar also highlighted four key pillars of enhanced engagement namely; supply chain diversification; resource partnerships; sharing of […]

Read More
National News

India Has Untapped Export Potential Worth $1.01 Tn In G-20 Market

A report by MVIRDC World Trade Center Mumbai has revealed that India meets hardly 1.4 per cent of G-20 import demand, which leaves huge scope to cater to this market. G-20 is one of the most integrated trade bloc as 80 per cent of its imports are sourced from among the member countries. Yet, large […]

Read More
Export Government Logistics News

Commerce Ministry, MEA Should Work Together To Achieve India’s Export Targets: Officials

The commerce ministry and external affairs ministry should work together to achieve India’s export targets, said Prafulla Chandra Mishra, Statistical Advisor, Directorate General of Foreign Trade under the Ministry of Commerce and Industry on Wednesday While speaking at an event of PHD Chamber, he said that PM Modi has proposed a 3T strategy focusing on […]

Read More
Companies News

Adani Ports’ Mundra Facility Safely Anchors 399-meter-long Container Ship

Mundra Port, the flagship port of Adani Ports and Special Economic Zone (APSEZ) achieved a significant accomplishment by berthing the 399 meters long and 54 meters wide vessel, MV MSC Hamburg, equaling 4 football fields, at Mundra port here, an official statement, issued by Adani Group, said on Sunday. The Adani Ports & Special Economic […]

Read More
Government News Trade

Trade Talks With UK Underway, Piyush Goyal Reiterates India’s Position

Clearing the air regarding the ongoing trade talks between India and the UK, Union minister Piyush Goyal stressed that negotiations are “underway but some credible action should be taken against the incidents that happened in Britain,” referring to the recent pro-Khalistan activities by some elements outside Indian High Commission in London. On 19 March this […]

Read More
Government International News

Indian Govt Informs Rajya Sabha Of Efforts Towards Balanced Trade With China

The Government of India has made sustained efforts to achieve a more balanced trade with China, including bilateral engagements to address the non-tariff barriers on Indian exports to China, Union Minister Rao Inderjit Singh told the Rajya Sabha on Monday. In a written reply to a query, Singh, Minister of State (Independent Charge) for the […]

Read More