Petroleum products exports up 3.3% in May
NEW DELHI : After registering a drop of over 11% in April, India’s export of refined oil products regained momentum and rose marginally last month as the demand
Korea’s exports at 22-month high in May on chips, cars
SEOUL : South Korea’s exports hit a 22-month high in May led by strong shipments of semiconductors and automobiles abroad, adding to hopes that overseas sales are expected
DGFT taps export bodies for inputs on efficacy of interest equalisation scheme
NEW DELHI : The DGFT has sought information from various export bodies on the trade finance eco system in India and related challenges to assess if the government’s interest equalisation
Container shipping rates going to rise high again
ATHENS : Container shipping rates are on the rise once more. In its latest weekly report, shipbroker Xclusiv said that “container shipping rates are soaring, nearing record highs
India is planning connectivity trial runs with Middle East Ports to drive forward IMEC
NEW DELHI : India is exploring connectivity trial runs with Middle East; and the first phase would involve linking one port on the country’s west coast with its
UAE looking to expand scope of trade under CEPA with India
SINGAPORE : The United Arab Emirates is looking to expand the scope of trade and services covered under the Comprehensive Economic Partnership Agreement (CEPA) with India to further
India’s trade deficit improved in 2023-24, but it needs to watch its FTAs to fix persistent imbala
India’s overall exports reached USD 778.2 billion in 2023-24, compared to USD 776.4 billion in 2022-23. While the country’s merchandise exports dipped by 3 percent to USD 437.06
India’s Economy seen growing at slower pace in Jan-March quarter
NEW DELHI : India’s Economy is expected to have grown at a slower pace in the January-March quarter than the previous three months, dampened by a moderation in manufacturing and
China to impose new export controls on aviation and aerospace equipment
BEIJING : China will impose restrictions on aviation, aerospace-related equipment and technology beginning July 1, the Commerce Ministry said on Thursday. The move is said to be taken
Shipment delays double as ships clog up Singapore’s ports
SINGAPORE : The world’s second busiest container port at Singapore has seen a major spike in congestion, forcing carriers to stretch charter agreements and to build container fleets