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 a report released on Tuesday by
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 oil, tuna, trout and salmon, will
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 proven successful and changing them could
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 them, Economic Think Tank GTRI said
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 Trade Association (EFTA) Free Trade Agreement
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 Initiative (GTRI) said in a report
High import duties; resisting pressure to open agri sector imp to ensure India’s food security: GTRI
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’s self-sufficiency and ensuring food security for its
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 be signed next month, a senior