India’s imports of products from international locations with which it has a free commerce settlement just like the UAE, South Korea and Australia grew about 38 per cent throughout 2019-24 fiscal years to $187.92 billion, in keeping with suppose tank GTRI. Additionally learn:India improves on its FTA template However, the nation’s exports to the FTA … Read more
As international locations akin to Brazil and Argentina begin increasing acreages underneath black matpe or urad, India the biggest shopper of pulses, expects improve in imports from these nations. Presently, Myanmar has been the primary provider of urad to India. “Brazil has already began rising pulses. We anticipate no less than some 50,000 tonnes of … Read more
With Australia desperate to expedite negotiations on the proposed full-fledged Complete Financial Cooperation Settlement (CECA) with India quickly after the nation’s common elections are over, the Commerce Division, is accumulating inputs from the Indian trade on non-tariff boundaries confronted within the Australian market throughout sectors to make a case for his or her removing, sources … Read more
With costs of pulses displaying no indicators of cooling off, the Centre has taken additional steps to spice up the provides by eradicating the responsibility on desi chana (Bengal gram) whereas extending the import window for yellow peas until October 31, 2024. Chana or chickpeas attracted an import responsibility of 60 per cent. Additionally learn: … Read more
Importers of seven IT {hardware} gadgets together with laptops, private computer systems and tablets will keep in suspense for some extra time over what India’s import coverage on the merchandise could be as soon as the prevailing notification on acquiring computerized authorisations via an `import administration system’ lapses on September 30, this yr. A choice on … Read more
India’s coking coal imports are at a 10-year excessive with shipments of 58 million tonnes (mt) coming in throughout FY24, pushed by excessive demand from metal mills. Imports rose seven per cent y-o-y (from 54.3 mt in FY23) and over 20 per cent throughout a 10-year interval. Considerably, provides from Russia are at multi-year highs of … Read more
The Meals Security and Requirements Authority of India (FSSAI) in a current order acknowledged that import of merchandise of sure meals classes similar to milk and milk merchandise and meat and meat merchandise will likely be allowed from each registered and non-registered overseas meals manufacturing amenities until August 31. This comes after the authority obtained … Read more
The Directorate Normal of Commerce Cures (DGTR) within the Commerce and Trade Ministry has initiated anti-dumping investigation on ‘insoluble sulphur’ imports from China and Japan. Insoluble sulphur, which is a vital rubber additive agent, is extensively used within the manufacture of Tyre, tread, sneakers, all types of vehicle rubber elements and different rubber merchandise. It’s … Read more
The US on Friday mentioned it has raised issues with India relating to the import regime of sure info and communications expertise merchandise, together with laptops and tablets, amid New Delhi’s choice to limit inbound shipments of such merchandise. Additionally learn:US Commerce Rep urges India to seek the advice of the US on import guidelines … Read more
Indian refiners exploited the US sanctions waiver on Venezuela to import greater than 1,75,000 barrels per day (b/d) crude oil from the South American nation making it the fifth largest provider in February. Additionally learn:US sanctions on Venezuela threaten to disrupt India’s crude oil imports Commerce sources and refiners mentioned that imports are persevering with … Read more