Goods exports contract 10.3% in May

Goods exports contract 10.3% in May

India’s merchandise exports contracted 10.3% year-on-year in May to $34.98 billion from $39 billion a year ago, data released on Thursday showed. Imports also shrank 6.6% on-year to $57.1 billion from $61.13 billion, leaving a trade deficit of $22.12 billion in May from $22.13 billion a year ago. Commerce Secretary Sunil Barthwal said headwinds still … Read more

Trade service officers to be engaged more in FTA negotiations, policy making

Trade service officers to be engaged more in FTA negotiations, policy making

Indian trade service officers would be engaged more in the negotiations of free trade agreements (FTA), industry deliberations and policy-making, Commerce Secretary Sunil Barthwal said on Tuesday. He was addressing an Indian Trade Service Officers conference, which was held at Kevadia, Gujarat. It was conducted for brainstorming on future foreign trade policy (FTP), and to … Read more

India-U.K. trade pact talks moving in right direction: Commerce Secretary

India-U.K. trade pact talks moving in right direction: Commerce Secretary

‘Negotiations are on. We are on track,’ says Commerce Secretary Sunil Barthwal. ‘Negotiations are on. We are on track,’ says Commerce Secretary Sunil Barthwal. Negotiations for the proposed trade pact between India and the United Kingdom are moving in the right direction, and both sides are expected to reach an agreement soon, a top government … Read more