Page 7 - Trade Exports

Individuals need not obtain IEC to import for personal use: Expert

The Customs can refuse permission under Section 46(5) if the interests of revenue are adversely affected.

India exporting cereals to newer destinations, says commerce ministry

India has started exporting cereals like rice and wheat to new destinations, including Puerto Rico, Yemen and Poland, with a view to push agricultural shipments, the commerce ministry said

India's sugar exports touch 4.25 mn tonnes so far this year: AISTA

Sugar mills in India have exported 4.25 million tonnes of the sweetener so far in the ongoing 2020-21 marketing year ending September, with maximum shipments to Indonesia, trade body AISTA said

India, South Africa IP waiver proposal got tremendous mileage at WTO

India and South Africa had submitted a joint proposal for waiving some sections of the TRIPS agreement

Exports up 52.39% to $7.71 bn during June 1-7 on healthy shipments growth

India's exports grew by 52.39% to USD 7.71 billion during first week of this month on account of healthy growth in shipments in sectors including engineering, gems and jewellery and petroleum products

US trade deficit dips to $68.9 billion amid improving global economy

The improving economic situation overseas drove up demand for American goods while domestic demand for imports slowed.

Exporters' profit margins under pressure even as demand picks up

Merchandise exports nearly trebled in April to $30.63 billion over the same period last year

Global trade rebounds in Q1 of 2021 on Asian exports, pandemic demand

Global trade enjoyed a record rebound in the first quarter of 2021, according to UN estimates, growing 10 per cent year-on-year largely on the back of booming exports from East Asia

Exports jump three-fold to $30.6 bn in April on low base effect: Govt data

Imports rose to $45.72 bn in April from $17.12 billion, data showed; trade deficit widened to $15.1 bn

Waiting for members to start talks on TRIPS waiver, tech transfer: WTO

The director-general also praised India for exporting vaccines to other countries.

India, UK unveil 10-year road map to elevate bilateral trade partnership

Announce £1 bn worth of new investment

Govt likely to tweak RoDTEP scheme amid outcry over refund rates

The new scheme aims to refund to exporters the embedded non-creditable central, state and local levies paid on inputs.

US trade deficit jumps 4.8% to record $71.1 billion in February

The US trade deficit grew to a record USD 71.1 billion in February as a decline in exports more than offset a slight dip in imports.

Export outlook uncertain as Covid-19 cases in India rise again: Experts

The sharp jump in exports can be attributed to a low base as March 2020 saw the outbreak of Covid-19 and a subsequent nationwide lockdown

Exports of foreign arms accounted for 33% of their total sales in FY20: RBI

Exports of foreign subsidiaries in India accounted for 32.6 per cent of their total sales in 2019-20, according to RBI

From cotton to sugar imports, here's an overview of India-Pak trade ties

Cotton, sugar, organic chemicals, pharmaceuticals, iron and steel, and plastic are top exported items to Pakistan

Pakistan resumes trade with India, lifts ban on cotton and sugar imports

Pakistani buyers have already started making inquiries about buying Indian sugar and cotton, which is being offered at lower prices than supplies from other countries, five dealers said

Govt may wait for clarity before announcing new foreign trade policy

The latest trade figures show that between April 2020 and February 2021, exports of merchandise and services stood at $439.64 billion

India's goods exports to stand at $290 bn in FY21, says Piyush Goyal

India's goods exports will stand at USD 290 billion for the financial year ending March, 7 per cent short of the shipments in the previous fiscal, Union Minister Piyush Goyal said on Friday. However, the minister said this was "great" considering the country has bounced back so quickly in a challenging year. India's goods exports stood at USD 313 billion in FY20. "As against about USD 313 billion of goods exports last year, we will end the year with almost 93 per cent of that, USD 290 billion. Now isn't that great," Goyal said while addressing the Times Network India Economic Conclave. Asked about big foreign firms which have made investments in India in the past year, the commerce and industry minister said Apple and Samsung have invested on a large scale in the country and expanded their facilities. Referring to the two firms, he said: "I believe they are looking at India as their prime production base to meet the needs of the world." He added that pharma companies are also lo

Suez Canal blockage likely to impact India's trade, say analysts

Great Eastern Shipping is still evaluating the impact, said a source close to the development