India is not planning to impose any measures to curb imports or investments from Canada, despite simmering diplomatic tensions between the two countries, two senior government sources in New Delhi said. Ties between New Delhi and Ottawa deteriorated sharply after Prime Minister Justin Trudeau said in September his intelligence agencies were pursuing credible allegations tying […]
India is rolling back its earlier plan to impose restrictions on laptop imports, months after abruptly announcing such plans which came under criticism from industry and Washington. “India will not impose restrictions on laptop imports,” Trade Secretary Sunil Barthwal told a press conference on Friday. He said the government “only wants importers to be on […]
India’s trade data for September 2023, released by the Commerce Ministry, reveals a decline in exports by 2.6 per cent, which amounted to USD 34.5 billion compared to USD 35.4 billion in September 2022. “UK delegation will be in India for FTA negotiation. High-level engagements at various levels are ongoing to iron out differences. The […]
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 […]
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 […]
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 […]
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, […]
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 […]
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 […]
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 […]
