New Delhi: Negotiations for all the proposed free trade agreements, including those with the UK and European Union (EU), are progressing as per the schedule and the country’s FTAs are not paused, a top government official has said. The official said that an impression is going around that FTAs are paused, which is not correct. … Read more
Image used for representative purpose only. | Photo Credit: Thulasi Kakkat The Commerce Ministry has started an exercise to help Indian exporters keep proper documentation to deal with U.S. countervailing duty cases on domestic products, an official said. As part of the exercise, teams of the Directorate General of Foreign Trade (DGTR) and Directorate General … Read more
India’s Russian imports doubled to USD 20.45 billion during the April-July period of FY24 owing to increasing inbound shipments of crude oil and fertiliser, according to the data released by the commerce ministry . With this, Russia has become India’s second largest import source during the first four months of this fiscal. The imports were … Read more
Trade ministers of India and France have held discussions related to the ongoing talks for a free trade agreement between India and the European Union, the commerce ministry said on Wednesday. Commerce and Industry Minister Piyush Goyal was in Paris to attend India-France Business Summit and CEOs roundtable meet. He held bilateral meetings with several … Read more
New Delhi: The country’s wheat exports more than doubled to USD 1.48 billion during April-September 2022-23 as compared to the year-ago period, the commerce ministry said on Wednesday. The exports stood at USD 630 million in the year-ago period. Though the government banned wheat exports in May, some shipments are allowed to meet food security … Read more
India’s exports grew by 28.51 per cent to USD 8.67 billion during February 1-7 on account of healthy growth in sectors such as petroleum, engineering and gems and jewellery, according to the preliminary data of the commerce ministry. The exports during the first week of this month rose by about 31 per cent. According to … Read more
India’s gold imports, which has a bearing on the country’s current account deficit (CAD), more than doubled to USD 38 billion during April-December this fiscal on account of higher demand, according to data of the commerce ministry. The imports stood at USD 16.78 billion in April-December 2020. In December 2021, imports of the precious metal … Read more
The government on Friday extended the last date for submitting applications to January 31, 2022 from December 31, 2021 for various export promotion schemes under the Foreign Trade Policy. The Directorate General of Foreign Trade (DGFT), in a notification, said that after January 31, 2022 no further applications would be allowed to be submitted and … Read more
The commerce ministry‘s investigation arm DGTR has recommended imposition of anti-dumping duty on caustic soda, used in diverse industrial sectors, for five years from Japan, Iran, Qatar and Oman, to guard domestic players from cheap imports. The Directorate General of Trade Remedies (DGTR) has recommended the duty after concluding in its probe that the product … Read more
The commerce ministry has shared a list of as many as 102 products whose imports are high and are increasing consistently – such as coking coal, certain machinery, some chemicals, and digital cameras – to different ministries to look at ways for enhancing their domestic capacity with an aim to reduce imports, an official said. … Read more