Never miss a great news story!
Get instant notifications from Economic Times
AllowNot now


You can switch off notifications anytime using browser settings.
8,083.80-170.0
Stock Analysis, IPO, Mutual Funds, Bonds & More
View: Impact of COVID-19 on exports will be worse than the financial crisis of 2008

One fallout of the COVID-19 pandemic is that countries are increasingly likely to adopt more and more protectionist measures.

Covid-19: Major handicraft trade fair canceled

The Export Promotion Council for Handicrafts (EPCH) on Sunday said it has cancelled the 49th edition of IHGF – Delhi Fair Spring-2020 in view of present status of COVID-19 in India and abroad. The fair, which was earlier to be held from April 15 – 19, was planned to be postponed to June or July.

India under no obligation to implement WTO's dispute panel recommendations on export schemes: Goyal

A dispute settlement panel of World Trade Organization (WTO) in its report issued to members on 31 October 2019 has ruled that India's export-related schemes (including SEZ scheme) are in the nature of prohibited subsidies under the Agreement on Subsidies and Countervailing Measures and are inconsistent with WTO norms.

India calls US move on duty probe relaxation unfair

It also criticised another US decision to unilaterally remove India and Turkey from a list of developing countries that are exempt from safeguard duty on crystalline silicon photovoltaic cells and large residential washers, last year. India said such actions “fuel our apprehensions that the real purpose…is to ultimately terminate Special and Differential Treatment (S&DT) at the WTO."

WTO focus on trade benefits to developing nations at key meet

Special and differential treatment for developing countries like India will figure prominently in the World Trade Organization’s (WTO) 12th Ministerial Conference meet in June in Kazakhstan, an official said.

View: The global spread of coronavirus holds lessons for protecting not just citizens, but also global value chains

The global spread of coronavirus holds lesson for global value chains to rethink their future strategies.

Trade impact of Coronavirus epidemic for India estimated at 348 million dollars: UN report

Estimates published by United Nations Conference on Trade and Development (UNCTAD) Wednesday said that the slowdown of manufacturing in China due to the coronavirus (COVID-19) outbreak is disrupting world trade and could result in a 50 billion dollar decrease in exports across global value chains.

Competitiveness unchecked: The story of India’s exports and factors impeding growth

Exports have been hovering around $300 billion since 2011-12. In the April-December period, exports fell 1.96% year-on-year to $239.29 billion while imports fell 8.9% to $357.39 billion, leaving a trade deficit of $118.10 billion. In FY19, total trade deficit was a record $176.42 billion.

India's 2020-21 pulses import may fall by 50% if government doesn't extend import quotas, says IPGA

As Indian government struggles to support the domestic pulses farmers who are getting non-remunerative prices due to the second consecutive year of bumper production, trade body Indian Pulses and Grains Association (IPGA) has claimed that large scale smuggling of pulses from neighbouring countries is hurting the interests of domestic farmers and traders.

India-US trade deal talks on, poll may put pact down to wire

President Donald Trump is scheduled to visit India on February 24-25. However, the US has yet to announce the dates for the visit of United States Trade Representative (USTR) Robert Lighthizer, who was expected to travel to India to finalise the trade deal.

India out of US’ developing nations list for trade benefits

India out of US’ developing nations list for trade benefits

India was one of the countries that were eliminated from the privileged list early this week.

Cotton, yarn, rajma trade with China comes to a halt

Cotton, yarn, rajma trade with China comes to a halt

Prices are expected to remain volatile in the short-term before a clear picture emerges, industry bodies and traders said. As per industry estimates, India annually imports 50% of its rajma requirement from China. Meanwhile, 25% of its annual export of cotton and cotton yarn is to China.

Customs department may quiz importers on FTA claims

Customs department may quiz importers on FTA claims

Industry fears move to question claims dating back 5 years could lead to harassment.

Assemble in India: Why it may not be prudent to follow China’s strategy

Assemble in India: Why it may not be prudent to follow China’s strategy

If India wants to be the next manufacturing hub, it has to close a quality gap faced among its peers.

Exporters likely to be exempted from ‘Tax at Source’

Exporters likely to be exempted from ‘Tax at Source’

The budget proposal said that a seller of goods has to deduct TCS at the rate of 0.1% before making payments in excess of Rs 50 lakh. In cases where the buyer doesn’t have PAN or Aadhaar — which is the case with exports — the rate will be 1%.

In India, importing is easier than exporting: Economic Survey 2019-20

In India, importing is easier than exporting: Economic Survey 2019-20

“The large variance in process time means that exports are forced to account for the uncertainty by padding extra waiting time,” the survey stated.

Load More...

Other useful Links


Copyright © 2020 Bennett, Coleman & Co. Ltd. All rights reserved. For reprint rights: Times Syndication Service

BACK TO TOP