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Exports contract 1.11% in Oct, trade deficit at $11.01 bln

Exports fell by 1.11% to $26.38 bn in October on account of contraction in sectors like petroleum and leather.

View: Why we need not fear bilateral trade deficits when negotiating trade agreements like RCEP

As long as a country holds its overall exports and imports in balance and does not borrow abroad to finance its imports, it has nothing to worry about. If it has to borrow large amounts in relation to its export earnings to finance its imports year after year, it runs the risk of losing its credit in international markets, as we indeed did in 1991.

Asia's mini Chinas struggle to capitalize on Trump-Xi trade war

No one nation is able to reproduce the kind of success China enjoyed in transforming its economy.

SEIS ambit may be widened; sops likely for animation, VFX

Launched in 2015, Service Exports from India Scheme is an incentive scheme that offers reward at 5% or 7% of net foreign exchange earned and covers service providers located in India.

India gained $755 million in additional exports to US due to US-China trade war: UNCTAD

The study puts the trade diversion effects of the US-China tariff war for the first half of 2019 at about $21 billion, implying that the amount of net trade losses of $14 billion. It shows that the trade war has resulted in a sharp decline in bilateral trade, increased imports from countries not directly involved in the trade war.

View: Exports are committee-and ministry-proof, and past surges anticipated by neither

GDP numbers are interlinked to export growth, and India needs to improve both numbers.

India decides to opt out of RCEP, says key concerns not addressed

Key issues include inadequate protection against import surge and insufficient differential with China.

India has made ‘no last-minute demands’ on RCEP: Govt sources

The Indian position, sources said, has remained consistent and at no point has there been any effort to shift goalposts so as to undermine or scuttle the larger process. New Delhi had already made its proposals much earlier in view of the concerns raised by various domestic stakeholders.

First export preparedness index to rank states, UTs likely in January 2020

It will rank them on some key parameters such as business environment, infrastructure, transport connectivity, access to finance, export infrastructure and trade support. Besides overall ranking, it will also be there for coastal states, landlocked states and hilly states. Both Niti Aayog and commerce ministry is working on this index.

View: India needs $1 trillion exports to become a $5 trillion economy

India needs $1 trillion exports for a $5 trillion economy. But the pathway is bumpy and patchy.

India loses export incentive case filed by US at WTO, to appeal against the ruling

India loses export incentive case filed by US at WTO, to appeal against the ruling

A WTO panel ruled that Indian export subsidies are prohibited and should be removed.

US discussing deal to reinstate GSP for India: Congress report

US discussing deal to reinstate GSP for India: Congress report

In June, the US terminated India's designation as a beneficiary developing nation under the key GSP trade programme after determining that New Delhi has not assured the US that it will provide "equitable and reasonable access" to its markets.

WTO to decide on India’s retaliatory tariffs

WTO to decide on India’s retaliatory tariffs

This comes after India had on September 30 blocked a US request to set up a panel to settle its disagreement over the issue of retaliatory import tariffs on 28 US products.

Next FTP may reduce raw material costs to boost sliding exports

Next FTP may reduce raw material costs to boost sliding exports

A sluggish global demand is likely to reform the Foreign Trade Policy 2020-25 that might give a boost to Indian exporters with some ease in norms and providing export-rewards to GI products. Focus will also be on E-commerce and services industry.

FIEO delegation to explore business opportunities in Africa

FIEO delegation to explore business opportunities in Africa

Trade between Africa and India has increased more than eight-fold from $7.2 billion in 2001 to $62.5 billion in 2018, making it fourth-largest national trading partner, accounting for more than 6.4 percent of total African trade in 2018.

USTR may visit India soon to seal limited scope deal

USTR may visit India soon to seal limited scope deal

In the backdrop of unresolved bilateral trade issues, restoration of Generalized System of Preferences, price controls on medical devices and duty cuts, US Trade Representative Robert Lighthizer will meet Piyush Goyal for a limited scope trade deal.

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