Red Sea crisis continues; adverse impact on trade data will be visible in new fiscal : GTRI
NEW DELHI : The Red Sea crisis has become a major threat to global trade and its impact on trade volumes will become visible in FY25, according to
India-EFTA pact : India to phase out import duties on chocolates, watches, textiles, smartphones
NEW DELHI : Duties on substantial number of goods imported from EFTA countries–Switzerland, Norway, Iceland and Liechtenstein–including chocolates, watches, smartphones, olive oil, corn flakes, machinery, textiles, medicines, cod liver
Govt should not cut import duties on parts used in making smartphones : GTRI
NEW DELHI : The government should not cut import duties on electronic components used in making smartphones in the forthcoming Budget as the current tariff structure has already
Consider giving refunds to exporters in cash for tax remission schemes : GTRI to Govt
NEW DELHI : The government can consider giving refunds to exporters in cash instead of scrips for tax remission schemes, as it would immediately improve cash flow for
Switzerland’s decision to eliminate import duties limits FTA utility for India’
NEW DELHI : Switzerland’s policy to allow tariff-free entry for all industrial goods from all countries significantly limits India’s prospects of gains from India and the European Free
High tariffs among reasons behind weak exports : GTRI
NEW DELHI : The reasons behind India’s weaker export performance include higher tariffs in India and lower tariffs in its FTA partner countries, think tank Global Trade Research
High import duties; resisting pressure to open agri sector imp to ensure India’s food security
NEW DELHI : Maintaining high import duties on sensitive agri commodities like rice and resisting pressure to open up the domestic sector to low tariffs will be crucial for preserving
India and Oman FTA to be signed next month probably
NEW DELHI : The negotiations for the proposed Free Trade Agreement (FTA) between India and Oman are moving at a fast pace and the pact is likely to
Exports seen to have declined 5% in 2023
NEW DELHI : India’s merchandise exports in 2023 would not buck the larger global trends and are set to contract 5.3%, according to an analysis by trade policy
Indian goods worth $3.7 billion entering Oman to get boost by FTA : GTRI
NEW DELHI : Over 83.5 per cent of Indian goods worth USD 3.7 billion such as gasoline, iron and steel, electronics, and machinery will get a significant boost