Biden's administration has been considering easing some Trump-era tariffs on consumer goods from China for some time amid divisions among his team
China's exports to the region grew over five times between 2005 and 2020
Amid falling remittances and depleting foreign exchange reserves, Pakistan has come on the brink. The policy makers in the country have indicated their intention to adopt unconventional measures
The National Time Release Study 2022 presents annual report of cargo clearance process through 4 categories of ports -- seaport, Inland Container Depots, Air Cargo Complexes and Integrated Check Posts
India plans to double imports of Russian coking coal, a key ingredient in making steel, the minister said.
Oil minister Hardeep Singh Puri on Monday allayed fears of short supply of crude oil amid the Russia-Ukraine conflict and said that crude oil imports from Russia are miniscule at just 0.2 per cent of total such imports till January this fiscal. "About the increased oil import concerns...we require total of five million barrels per day. Sixty per cent of it comes from Gulf. We have imported from Russia, just 0.419 million metric tonnes...that is 0.2 per cent of total requirement (during April-January this fiscal)," Puri said in the Rajya Sabha while replying to a supplementary to a starred question. "We are monitoring the situation. As far as oil imports are concerned from Russia, contrary to what played up in media, it is miniscule," the minister said. According to the written reply tabled in the House, in financial year 2020-21, India imported 85 per cent of its crude oil requirements and 54 per cent of its natural gas requirement. According to Petroleum Planning & Analysis Cell .
The decision will block cheaper Chinese products, encourage participation from large corporations
Development comes months after the two govts renewed India US Trade Policy Forum (TPF), and both nations agreed to iron out thorny issues, including market access issues pertaining to farm sector
They pleaded for quashing of a govt petition filed in the apex court against a Gujarat HC ruling that had declared IGST on ocean freight as violative of the Constitution
Higher shipping rates and prices of foodstuffs from grains to vegetables are likely to drive the cost of importing food
Clause 4.3 of Institute Cargo Clauses (C) says that in no case will insurance cover loss, damage or expense caused by insufficiency or unsuitability of packing or preparation of subject matter insured
The new margin requirement will be in effect from September 8 for over 600 items ranging from chocolates and wine to raincoats and carpets to discourage imports
New demand for LNG from India is expected to support Asian gas prices which rose to record highs earlier this year, partly aided by the transition from coal or oil to gas in developing countries.
In a first, India is all set to import 1.2 mn tonne of genetically modified soyameal, used as livestock feed, after the environment ministry and DGFT cleared the air on the GM issue, an official said
Feed meal prices have risen due to a staggering 64% increase in prices of soymeal, which is one of the main constituents of feed meal along with maize
The crisis in the global shipping industry has been largely on the back of uneven post-Covid recoveries of the major importing and exporting countries, according to a report by Drip Capital
The India-Pakistan cease-fire marked a milestone in secret talks brokered by the UAE, Bloomberg reported earlier this month
The system would help gather advanced information on imports of these products and make it available to the stakeholders, including government and domestic industries
Section 28DA of the Customs Act requires an importer to possess sufficient information about origin of imports, where preferential tariff treatment has been claimed.