Page 7 - Trade

UK can gain 'first mover' advantage in India with FTA, says report

The Resolution Foundation is examining the economic impact of the UK's new trade pivot towards the Indo-Pacific region following Brexit

Traded cryptocurrency in 2021? Here's how to approach taxes

The IRS has been zooming in on cryptocurrency reporting with increasing interest in recent years

Gems and jewellery exports up 71% during Apr-Dec to $28.9 billion

Top five export destinations for the sector included the US, Hong Kong, the UAE, Belgium and Israel

TPCI seeks support measures in Budget to promote food, beverage industry

The Trade Promotion Council of India (TPCI) on Tuesday suggested the government to announce incentives in the forthcoming Budget for activities such as branding and marketing of made in India products, setting up of modern R&D labs and duty-free import of raw material by SEZ units with an aim to promote the food and beverages industry. It also demanded input tax credits for the industry, incentivise institutions for traceability in the food supply system; subsidy for testing in the food sector, funds for setting up food and beverage tech machinery manufacturing plants; and interest subvention scheme for MSMEs. "Looking at the great potential which the agri and food sector holds for the economy, this sector needs further thrust and renewed focus. The agri and food sector has shown a resilient growth of more than 20 per cent sustainably despite tough times," V K Gauba, Additional Director General TPCI said in a statement. The agri and food exports may touch USD 40 billion mark this .

Lot needs to be done to make global trade fit for future: WTO chief

She said there is a lot of work to be done in order to strengthen the trading systems

Key WTO members to hold virtual meet tomorrow to discuss reform measures

Issues like the WTO's response to the COVID-19 pandemic, proposed pact on fisheries subsidies and reform measures will figure in a virtual meeting of key members of the World Trade Organization

China's trade surplus hits a record $676 billion in 2021

Export growth beats expectations; some analysts point to import slowdown

Piyush Goyal asks South Korea to axe non-tariff trade barriers

A bilateral talk was held in New Delhi to discuss trade and investment-related issues

India flags market access issues in Korea during trade ministers' meet

The issue was raised during the meeting between Commerce and Industry Minister Piyush Goyal and Korean Trade Minister Yeo Han-koo

India appeals against WTO dispute panel ruling on sugar subsidies

The appeal was filed by India in the WTO's Appellate Body

India to allow in imports of US pork and other products, say officials

India has agreed to allow imports of US pork and pork products into India, removing a longstanding barrier to US agricultural trade

India, Korea to hold discussions on ways to boost trade, investments

The meeting will be held between Commerce and Industry Minister Piyush Goyal and Korean Trade Minister Han-koo Yeo

Vietnamese dragon fruit await buyers as China clamps down on border trade

Vietnamese farmers and exporters could end up in major loss as Chinese buyers have stopped purchasing Vietnamese dragon fruit.According to industry sources, some 300,000 tonnes of dragon fruit will be ready for harvest shortly, but there will be no customers since China has clamped down its cross-border trading.This has led to a decrease in dragon fruit prices in recent weeks.With the northern provinces of Quang Ninh and Lang Son having both restricted trade at the border with China due to containers pilling up, many Chinese buyers have stopped purchasing Vietnamese dragon fruit, Phan Van Tan, deputy director of Binh Thuan's Department of Agriculture and Rural Development, told a forum Thursday, reported VnExpress.Every year, roughly 1.4 million tonnes of dragon fruit are produced in Vietnam. The three provinces of Binh Thuan, Long An, and Tien Giang account for 80 per cent of the total but this time the farmers and exporters are troubled as they have no buyers.Some exporters have ...

No extraordinary increase in trade with China, says Piyush Goyal

About free trade agreements, Goyal said that India's FTA with the UAE is close to finalisation

RCEP promise of enhanced trade will be challenged by geopolitics: Report

The RCEP, which came into force on Saturday for the majority of its 15 Asia-Pacific economies, will be challenged by Indo-Pacific geopolitics, according to a report.

Amid boycott, India-China trade volume at record high of $100bn: Report

Amidst repeated domestic boycotts of Made-in-China, trade volume between India and China hit a record high of $100 billion by November, the Global Times reported

FIEO aims at $460-475 billion exports next fiscal year amid Covid woes

Much will depend on whether the world would be able to contain COVID-19 through massive vaccination across the globe and be able to create the required vaccine manufacturing capacity

India's exports likely to touch record $400 bn this fiscal: Goyal

Goyal suggested focusing on six areas to build a sustainable, inclusive and resilient ecosystem to further promote partnership with other countries

Palestine seeks to increase annual trade exchange with Jordan to $500 mn

Palestine is seeking to increase the annual trade exchange with Jordan to $500 million, state authorities have announced.

Russia-China trade to reach new peak in 2021 despite Covid: Diplomat

Bilateral trade between Russia and China will reach a new historical level by the end of the year, despite the unstable coronavirus situation