GAGA B2B - CONNECTING IMPORTERS AND EXPORTERS

[ad_1] New Delhi: India on Wednesday categorically rejected Nepal's objection to a decision by New Delhi and Beijing to resume border trade through Lipulekh pass, saying Kathmandu's claims on the territory are not justified. India and China on Tuesday agreed to resume border trade through Lipulekh pass and two other trading points. The Nepalese foreign ministry on Wednesday objected to the move to resume border trade through Lipulekh pass saying the territory is an inseparable part of Nepal. In 2020, Nepal triggered a border row by issuing a political map that showed Kalapani, Limpiyadhura and Lipulekh as part of the country. India had strongly trashed the claims.External affairs ministry spokesperson Randhir Jaiswal rejected Nepal's territorial claims.Live Events "We have noted the comments of Ministry of Foreign Affairs of Nepal related to resumption of border trade between India and China through the Lipulekh pass," he said. "Our position in this re...

[ad_1] India's Ambassador to the US, Vinay Mohan Kwatra, on Wednesday (local time), discussed with the Co-Chair of the Senate India Caucus, Senator John Cornyn from Texas, focusing on strengthening bilateral trade and cooperation in hydrocarbons, particularly between the US state of Texas and India. In a post on X, Kwatra expressed gratitude for Cornyn's consistent support for the India-US relationship and highlighted the importance of trade engagement rooted in mutual respect. "Had a productive discussion with Senator John Cornyn, Co-Chair of India Caucus in the US Senate. Grateful to him for his support to the bilateral relationship. Discussed issues of mutual interest and highlighted the importance of bilateral trade engagement grounded in mutual respect. We also discussed enhancing bilateral cooperation further in hydrocarbons, particularly between Texas and India," Kwatra wrote in his post. Earlier, Ambassador Kwatra also held a conversation with Congressm...

[ad_1] India and Russia are looking to increase their annual trade by about 50% over the next five years to reach $100 billion, seeking to reduce tariffs as both countries see mounting tensions with the US, a top envoy said.Indian External Affairs Minister Subrahmanyam Jaishankar said Wednesday during a visit to Moscow that the two countries must remove trade bottlenecks and reduce non-tariff barriers to reach the goal. Russia is India’s fourth-largest trading partner, while India is Russia’s second-largest.Jaishankar’s visit is the latest in a series of diplomatic efforts to fellow founding members of the BRICS group of developing countries, which have all faced prohibitive tariffs and trade threats from US President Donald Trump. India’s foreign minister is on a three-day visit to Moscow for an annual bilateral dialog, which is expected to pave the way for President Vladimir Putin’s visit to the South Asian country later this year. Without directly mentioning the US and its tr...

[ad_1] As Indian businesses chart their paths in an increasingly complex global environment, the recent imposition of new tariffs by the United States has prompted a reevaluation of investment strategies. With the aim of maintaining competitiveness, many Indian firms are exploring cross-border acquisitions, establishing manufacturing hubs in low-tariff nations such as the UAE and Mexico, and ramping up their presence in the US market, The Times of India reported on August 21.The strategic decision for these companies now hinges on a fundamental question: should they build, or should they buy? These two stark choices -- none less difficult than the other -- now stare at the Indian companies that seek to Make outside India in order to alleviate Trump's tariff blow.Setting up a new manufacturing facility can be a lengthy and unpredictable process, fraught with various challenges. Conversely, acquiring an existing facility offers a more immediate solution, yet it carries its own...

[ad_1] External Affairs Minister Dr. S. Jaishankar on Thursday reaffirmed India and Russia’s joint commitment to boosting bilateral trade, emphasising the need for a more balanced and sustainable relationship by stepping up Indian exports to the Russian market. "We reaffirmed our shared ambition to expand bilateral trade in a balanced and sustainable manner, including by increasing India's exports to Russia. This requires swiftly addressing non-tariff barriers and regulatory impediments, enhancing India's exports to Russia in sectors like agriculture, pharma, and textiles will certainly help correct the imbalance..."He said India and Russia have been the steadiest of the major relationships in the world after the Second World War.The statement came after Jaishankar met Russian Foreign Minister Sergey Lavrov to discuss bilateral relations."Today's meeting gives us an occasion to discuss our political relationship as well, but also to review our bilatera...

[ad_1] Indian importers for the first time bought palm oil from Colombia and Guatemala as producers sitting on surplus stocks offered cargoes at steep discounts, four trade sources with direct knowledge of the matter said. Indonesia and Malaysia dominate global palm oil supplies and are the main suppliers to India, which imported 9 million tons of palm oil in 2023/24. Colombia and Guatemala, the fourth- and sixth-largest producers of palm oil, usually export their surplus stocks to Europe and North America. Rising production in the two Latin American countries and their ability to divert their supplies could weigh on benchmark Malaysian palm oil futures, industry officials said. Colombian and Guatemalan cargoes were offered at steep discounts on a free-on-board (FOB) basis to ensure their landed cost at Indian ports remained lower than supplies from Malaysia and Indonesia, said a Mumbai-based dealer at a global trading house, who declined to be named in line with company policy....

[ad_1] India has shipped Garhwali apples from Dehradun to Dubai for the first time in a bid to increase agricultural exports from the country.Commerce Secretary Sunil Barthwal flagged off the first trial shipment of 1.2 tonnes of Garhwali apples from Dehradun to Dubai, the commerce ministry said.The trial shipment was facilitated by the Agricultural and Processed Food Products Export Development Authority (APEDA).Lessons from this trial shipment will help refine cold chain management, post-harvest handling, and logistics frameworks, it added.Despite the uniqueness of these apples, growers often face challenges in accessing remunerative international markets due to limitations in infrastructure, connectivity, and post-harvest handling.Live EventsRecognising this gap, it said, APEDA has been working with the state government, exporters, and farmer groups to build sustainable export pathways.The authority has focused on sensitising growers on Good Agricultural Practices (GAPs), adh...

[ad_1] Amid changing relations between two neighbours, Chinese ambassador to India Xu Feihong announced that China welcomes all Indian commodities to enter its market. "...We welcome all Indian commodities to enter the Chinese market..." said China's ambassador to India, Xu Feihong. "..We are willing to work with India to enhance development of our strategies and enlarge the cake of cooperation.Speaking on the broader geopolitical context, Xu Feihong said, "The world today is experiencing a turbulent period; The international order is undergoing the most profound evolution since World War II...At this moment of turbulence and change, the significance of China and India relations has become increasingly evident. China-India cooperation benefits both countries. China and India are important neighbours, major developing countries. Both countries are at the critical stage of national rejuvenation."The ambassador also highlighted progress in people-to-peo...

[ad_1] China has allocated another 7 million tonnes of urea for exports, easing restrictions on the shipment of the crop nutrient further, said people aware of the matter. "Most of this urea will come to India," a person directly involved in the matter told ET on condition of anonymity.China had halted the shipments of urea and some other fertilisers to India in the past few months, but it has begun the process of easing restrictions on supplies of urea to the country. Before the latest allocation, on Wednesday, it had allocated some quantity of urea for exports and India is expected to receive 2-3 million tonnes from that, according to people with knowledge of the matter.India and China have commenced discussions on a trade package covering supplies of critical rare earth magnets, fertilisers and other essentials amid heightening tensions with the US on tariff and the clamour from Indian industry to expedite imports of essential inputs from China.After a significant b...

[ad_1] India purchased ₹132 billion (about ₹13.39 lakh crore) worth of Russian oil since the Ukraine war began in early 2022, accounting for a fifth of Moscow's ₹640 billion oil export earnings in the period, according to Finland-based Centre for Research on Energy and Clean Air (CREA). India's oil imports from Russia trail China's ₹193 billion but exceed those of the EU and Turkiye at ₹105 billion and ₹71 billion, respectively, CREA said.India also bought ₹16 billion of Russian coal, taking its total fossil fuel imports from Moscow to ₹148 billion. Russia, in all, earned ₹931 billion from exports of oil, gas, and coal since the start of the war.China, with fossil fuel imports of ₹268 billion, has been Russia's largest buyer, ahead of the EU (₹213 billion), India (₹148 billion), and Turkiye at ₹111 billion.China also led in Russian coal purchases (₹39 billion), while EU topped gas imports (₹105 billion), followed by China (₹36 billion) and Turkiye (₹29 billion). ...

[ad_1] New Delhi: India's goods exports to China in the first four months of FY26 rose 20% year on year at $5.76 billion, or about ₹50,112 crore, with each month recording higher shipment than a year earlier, official data showed. India posted the highest exports at $1.63 billion in May, up from $1.32 billion in the corresponding month in 2024. "The consistent month-on-month edge over last year highlights India's improved trade performance with China and India's growing export competitiveness even as fluctuations reflect global trade conditions and seasonal variations in demand," an official said. The trend reinforces the sustained growth trajectory of India's exports to China despite global trade uncertainties, the person added.Exports in April rose to $1.39 billion from $1.25 billion a year earlier, while in June, they were 17% higher on year at $1.38 billion. In July, India shipped $1.35 billion worth of goods to China, against $1.06 billion in July ...

[ad_1] India's annual oil import bill could rise by USD 9-11 billion if the country is compelled to move away from Russian crude in response to US threats of additional tariffs or penalties on Indian exports, analysts said. India, the world's third-largest oil consumer and importer, has reaped significant benefits by swiftly substituting market-priced oil with discounted Russian crude following Western sanctions on Moscow after its invasion of Ukraine in February 2022.Russian oil, which accounted for less than 0.2 per cent of India's imports before the war, now makes up 35-40 per cent of the country's crude intake, helping reduce overall energy import costs, keep retail fuel prices in check, and contain inflation. The influx of discounted Russian crude also enabled India to refine the oil and export petroleum products, including to countries that have imposed sanctions on direct imports from Russia. The twin strategy of Indian oil companies is posting record prof...

[ad_1] The inaugural session of the Raisina Mediterranean Dialogue in Marseille on 12th-13th June identified connectivity-and-infrastructure-related challenges as a new frontier for geoeconomics growth and competition. This event not only consolidated the growing influence of the Dialogue but also highlighted the depth of the Indo-French strategic partnership. This robust relationship is the essential driving force behind ambitious projects such as the India-Middle East-Europe Economic Corridor (IMEC).Launched on the sidelines of the G20 Summit in New Delhi in September 2023, IMEC is a 6,400-kilometre multimodal corridor from Mumbai to Marseille that will play a key role in accelerating the integration between these three regions, particularly in the maritime, energy and digital sectors. The corridor has been a priority of the bilateral agenda since President Emmanuel Macron’s State visit in January 2024 as chief guest for India’s 75th Republic Day. In February 2025, during Prim...

[ad_1] New Delhi:: Indian shrimp exporters will face a new, unprecedented challenge in US markets after the imposition of reciprocal tariffs on India, said Rahul Guha, Senior Director at Crisil Ratings."Indian shrimp exporters face an unprecedented new challenge in the US market, which contributes close to 48 per cent of their exports," Guha added. He noted that with the proposed US tariff hike, additional financial penalties, the 5.77 per cent countervailing duty imposed last year, and existing anti-dumping duties, India is set to become one of the most heavily taxed major shrimp exporters in the US market."In contrast, Ecuador, the largest shrimp exporter globally, faces just a 10 per cent tariff and countervailing duties of 3-4 per cent in the US," Guha added."In this milieu, the shrimp export volume could potentially fall 7-9 per cent in this fiscal, even as players look for alternative markets to boost their exports," he anticipated. Live Event...

[ad_1] Indian exporters from various sectors, including food, marine, and textiles, have sought financial assistance and affordable credit from the government to cope with the 25 per cent Trump tariff, industry officials said.In a meeting with Commerce and Industry Minister Piyush Goyal in Mumbai, certain exporters sought plans on the lines of the production-linked incentive (PLI) scheme, they added."Exporters share issues, which they may face in the American market because of the high duty announced by US President Donald Trump," one of the officials said, adding that the minister has suggested that the exporting community send their suggestions in writing.They also demanded loans at affordable rates and fiscal incentives.In India, according to exporters, interest rates range between 8 and 12 per cent or even more, depending on the spread and risk assessment of the borrower by authorised dealer banks. In competing countries, the interest rate is very low. For instance...

[ad_1] New Delhi: The government is pushing exporters to build and promote homegrown brands to cope with the 25% tariff imposed by the US. It has also sought industry inputs on an employment-linked scheme for certain exports such as marine goods which now faces threat from Ecuador due to the higher tariffs.Officials said reducing testing charges for smaller exporters levied by the Export Inspection Council could also be looked at to ease exporters' concerns on the adverse impact of the tariffs on India's exports."It is important for Indian exporters to do brand building and promotion to come out of the clutches of any subsidies amid the US tariffs," said an official, adding that the brand promotion exercise can be jointly done by export promotion councils and the India Brand Equity Foundation.Washington has imposed an across-the-board 25% tariff on all Indian-origin goods, effective August 7, along with an unspecified penalty. India's competitors including ...

[ad_1] Indian Prime Minister Narendra Modi struck a defiant tone in the face of US President Donald Trump’s tariff threats, urging the nation to buy local goods as his administration signaled it would continue buying Russian oil.Modi’s government hasn’t given India’s oil refiners instructions to stop buying Russian oil, and no decision has been taken on whether to halt the purchases, people familiar with the situation told Bloomberg, asking not to be named due to the sensitivity of the matter. Both state-run and private refiners are allowed to buy from preferred sources, and crude purchases remain a commercial decision, several of the people said.Over the weekend, Modi underscored the importance of shielding India’s economic interests during uncertain global conditions. The comments came just days after the Trump administration imposed a 25% tariff on Indian exports to the US. The White House is also threatening more action if India continues Russian oil purchases. “The world ec...

[ad_1] Amid growing calls for relief following US President Donald Trump’s tariff announcement, the government has ruled out subsidies but indicated it is open to “innovative ways” to support exporters, sources told The Times of India (TOI).According to sources, Commerce and Industry Minister Piyush Goyal conveyed this during meetings with industry representatives in Mumbai over the weekend. They said Goyal suggested that banks review their risk assessment and rating models, particularly for small exporters, to help lower borrowing costs. He also agreed to examine proposals to reduce testing and certification charges for MSMEs, sources added.Sources told TOI that industry groups, including the Apparel Export Promotion Council (AEPC) and the Engineering Export Promotion Council (EEPC), have warned that higher tariffs will hit sectors such as textiles, leather, chemicals, shrimps and engineering goods. AEPC chairman Sudhir Sekhri flagged concerns over job losses and factory closur...

[ad_1] India's palm oil imports fell in July because of cancellations in import contracts, while soyoil shipments surged to a 3-year high due to competitive prices and the delivery of delayed shipments from June, according to five dealers. Lower palm oil imports by India, the world's biggest buyer of vegetable oils, could lead to a stock buildup in top producers Indonesia and Malaysia and weigh on benchmark Malaysian palm oil futures. In July, palm oil imports declined by 10% to 858,000 metric tons, down from June's 11-month high, according to estimates from dealers. Soyoil imports in July surged 38% month-on-month to 495,000 tons, the highest level in three years. The increase was a result of vessels finally discharging their cargo in July after being delayed by congestion at Gujarat's Kandla port in June, they said.Sunflower oil imports fell 7% to 201,000 tons, dealers estimated.Live Events Higher imports of soyoil lifted India's total edible oil imports in...

[ad_1] New Delhi: The government is working on certain support measures for exporters in sectors like textiles and chemicals to insulate them from the impact of the Trump tariff, an official said on Monday. US President Donald Trump has announced an additional 25 per cent import duty on Indian goods entering America from August 7. The official said that the commerce ministry has held meetings with several export sectors, including steel, food processing, engineering, marine, and agriculture, to understand issues they may face due to high tariffs. Indian exporters from various sectors, including food, marine, and textiles, have sought financial assistance and affordable credit from the government to cope with the 25 per cent Trump tariff.Exporters are requesting the government to extend fiscal incentives such as interest subsidy and extension of RoDTEP scheme (Remission of Duties and Taxes on Exported Products), RoSCTL (Rebate of State and Central Taxes and Levies), timely paymen...

[ad_1] India’s exports to the United States could drop nearly 30% this fiscal, falling from $86.5 billion to $60.6 billion, if the additional 25% import duty announced by US President Donald Trump is implemented, think tank Global Trade Research Initiative (GTRI) has warned, reported PTI.The new country-specific tariff regime leaves India among the worst-hit exporters in Asia, second only to China, which faces a 30% tariff. In contrast, rivals like Vietnam, Bangladesh, and Malaysia are subject to lower duties ranging from 15% to 20%.“This puts Indian exports at a clear disadvantage across most sectors,” GTRI said in its assessment, noting that only pharmaceuticals, energy products, critical minerals, and semiconductors have been spared.The brunt will be felt across labour-intensive and high-volume sectors. “Outside these, Indian goods are under pressure,” GTRI said. “As a result, India's exports to the US -- currently its largest export market -- are projected to decline by ...

[ad_1] Removal of import restrictions by a major Indian rice importer will help boost the grain's exports and reduce the impact of fresh US tariffs, Indian Rice Exporters Federation said on Monday. Indian Rice Exporters Federation (IREF) Chairman Prem Garg said that a key international market has decided to remove its four-month ban on rice imports. "This development is significant as this market is a major importer of Indian rice, with annual imports standing at over 1,000,000 MT, and the removal of restrictions will boost our exports significantly," Garg said. "This will expand India's trade options and allow us to diversify into new markets in exciting new ways," he said.According to media reports, Iran has decided to lift its four-month ban on rice imports to ease domestic prices.Live Events "India currently supplies over 45 per cent of the global rice trade, and with the right support and vision, we can raise our global share to 55 per cent,...

[ad_1] US President Donald Trump on Monday said he will be "substantially" raising the tariff paid by India to America, accusing the country of buying massive amounts of Russian oil and selling it for big profits."India is not only buying massive amounts of Russian Oil, they are then, for much of the Oil purchased, selling it on the Open Market for big profits. They don’t care how many people in Ukraine are being killed by the Russian War Machine. Because of this, I will be substantially raising the Tariff paid by India to the USA. Thank you for your attention to this matter!!!"His post comes days after his announcement that 25 percent tariff would be imposed on goods imported from India, adding that the country would also face an unspecified penalty, but gave no details.ALSO READ: 'US itself indulging in trade with Russia': India hits back after Trump's latest tariff threat ET OnlineIndia has become one of Trump’s top targets as he lo...

[ad_1] Guwahati: Tea Association of India (TAI) requested the Directorate General of Foreign Trade (DGFT) for Review and Regulation of Duty-Free Tea Imports under Advance Authorization Scheme.Indian Tea Industry has been witnessing a steady growth in the quantum of tea imported to India. While in 2019 15.85 million kgs of tea where imported and in 2023 the imported tea stood at 23.65million kgs.TAI stated that the actual export of Tea of Kenya to India in 2024 (as published by Tea Board Kenya) is huge which is 17.13 MKgs vis-à-vis 5.26 MKgs of tea in 2023 which is 226% ahead of last year and in 2025 Kenya exports tea to India till March is 3.9 MKgs which is 117% higher than 2024 for the same corresponding year.TAI added that to establish an equilibrium with regard to Supply and Demand situation, Tea Board issued the direction to curtail production, November 30, 2024. The industry also passed through adverse inclement weather conditions till the month of August, leading to a drop...

[ad_1] India on Monday defended its energy trade with Russia after U.S. President Donald Trump accused New Delhi of profiting from discounted Russian oil and threatened higher tariffs. In a sharp statement, the Ministry of External Affairs said India’s imports ensure affordable energy for its citizens and called the targeting by the U.S. and EU “unjustified and unreasonable.”India has been targeted by the United States and the European Union for importing oil from Russia after the commencement of the Ukraine conflict. In fact, India began importing from Russia because traditional supplies were diverted to Europe after the outbreak of the conflict, said the Ministry of External Affairs in a statement.ALSO READ: US to 'substantially' raise tariff on India, says Trump, accuses New Delhi of profiting from selling Russian oil"The targeting of India is unjustified and unreasonable. Like any major economy, India will take all necessary measures to safeguard its national in...

[ad_1] New Delhi: The US effective tariff rate on Indian goods rose to 20.7% in 2025, up from 2.4% in 2024, due to the addition of an 18.3 percentage point increase this year, according to Fitch Ratings. The increase in tariffs poses some downside risk to India's economic growth. Overall, the US effective tariff rate is now 17%, around 8 percentage points lower than April 3 estimate, when higher reciprocal tariffs were originally announced, it said on Monday."The US tariff rate of 17% reflects a 15% tariff rate on EU goods, including auto and auto parts, and higher tariffs for major trading partners Brazil, Taiwan, India and Switzerland," it added.Last week, US President Donald Trump announced 25% tariff on Indian goods, along with an unspecified additional penalty related to India's energy dealings with Russia.Live EventsGoldman Sachs on Monday cut India's economic growth forecast to 6.5% for 2025 and 6.4% for 2026, due to US tariffs. "In our view, so...