GAGA B2B - CONNECTING IMPORTERS AND EXPORTERS

[ad_1] New Delhi: A surge in silver imports from certain Asean countries especially Thailand has prompted the government to restricted the imports of silver and unstudded jewellery till March 31, 2026, which were free earlier.In a notification Wednesday, the Directorate General of Foreign Trade (DGFT) said: “The Import Policy…has been amended from ‘Free’ to ‘Restricted’ with immediate effect, till 31.03.2026.”These restricted products include articles of jewellery and parts of precious metal of silver and unstudded and other jewellery.Asean, or the Association of Southeast Asian Nations, comprises 10 countries-Brunei, Cambodia, Indonesia, Laos, Malaysia, Myanmar, the Philippines, Singapore, Thailand and Vietnam.Goods under the restriction category need a licence from the government.Live EventsOfficials said that Thailand isn’t a silver producing country and a surge in imports is a case of circumvention of duty under the Asean-India Trade in Goods Agreement (AITIGA).“There was a ...

[ad_1] New Delhi: India and Australia Wednesday signed a mutual recognition arrangement (MRA) to facilitate trade of organic products including wine and agri produce in each other’s countries, the commerce and industry ministry said.Under the MRA, both will recognise each other's organic standards and certification systems. The arrangement covers organic products that are grown and processed in the two countries and includes unprocessed plant products, processed foods and wine.“The MRA...is expected to boost India's organic exports further by reducing barriers, ensuring certification equivalence, and supporting more organic products and producers,” it said.The implementing agencies for the MRA are India's Agricultural and Processed Food Products Export Development Authority (APEDA), and the Department of Agriculture, Fisheries and Forestry (DAFF), Government of Australia.Add as a Reliable and Trusted News SourceIndia’s organic exports to Australia reached $8.96 mill...

[ad_1] The UAE-India Business Council has entered into strategic agreements to deepen industry engagements and amplify trade and investments between India and the UAE. As part of the three agreements, UIBC and the UAE-India CEPA Council (UICC), committed to closer institutional collaboration, ensuring greater coherence in advancing objectives of the UAE-India CEPA, and deepening the UAE-India economic partnership. UIBC and Services Export Promotion Council (SEPC) entered into a pact for deepening cooperation across priority services sectors, including logistics, healthcare, IT/ITES, education, tourism, and engineering, while promoting B2B and B2G engagements and addressing market access challenges. UIBC signed an agreement with Regional Chambers of Commerce (Bombay Industries Association, Calicut Chamber of Commerce & Industry, Gujarat Chamber of Commerce & Industry) to harness regional strengths to institutionalise CEPA facilitation at the grassroots, expand industry pa...

[ad_1] The US wants to expand energy cooperation with its "awesome ally" India, including in natural gas and coal, nuclear, and clean cooking fuels, where New Delhi has been a "star", US Energy Secretary Chris Wright said on Wednesday. "A lot of my early time when I arrived in my position was dealing with India, the world's largest democracy, an awesome ally of the United States, a fast growing economy, a truly dynamic society that of course has rapidly growing energy demand because people are increasing their prosperity, their opportunities," Wright said in response to a question by PTI. "I'm a huge fan of India. We love India. We look forward to more energy trade, more interactions back and forth with India," he said. Wright addressed a press conference organised at the New York Foreign Press Centre. He was responding to the question by PTI on Commerce Minister Piyush Goyal's remarks that New Delhi expects to increase its tra...

[ad_1] New Delhi: The government will consider easing restrictions on the export of wheat products only after assessing this season's planting and production outlook, food minister Pralhad Joshi said on Wednesday. The flour milling industry had requested the government to permit shipments of up to 1 million tonnes of processed wheat products such as maida, suji and atta. At present, exports of wheat flour are restricted, with shipments allowed only under the Advance Import Authorisation scheme."We will evaluate availability and food security concerns before arriving at any decision," Joshi said, addressing the annual conference of the Roller Flour Millers' Federation of India in Delhi.The federation, which represents hundreds of millers, has urged the government to provide long-term clarity on its wheat policy, particularly the Open Market Sale Policy that governs state releases of grain. With government stocks largely comfortable, the federation said phased li...

[ad_1] India is in the process of ratifying the World Trade Organization (WTO) Agreement on Fisheries Subsidies, it has told the multilateral trade watchdog.It has also called for stricter rules for countries that have historically been giving high fish subsidies while ensuring policy space for those who have not contributed to over-exploitation.At the WTO's Special General Council meeting last week, New Delhi also insisted on "precise and effective" special and differential treatment, which allows developing and less developed countries (LDC) certain benefits, including longer time periods to implement agreements and binding commitments, and measures to increase trading opportunities for them.With the entry into force of the WTO Agreement on Fisheries Subsidies, New Delhi insisted on a balanced and comprehensive agreement on disciplines that serves sustainability and stricter rules for historical subsidisers.Live EventsThe agreement put into place binding rules to...

[ad_1] India and the European Union did not make much progress in sensitive areas such as automotives and agricultural products in the 13th round of negotiations for a proposed free trade agreement (FTA), the EU said in a statement on Tuesday.The latest round took place in New Delhi on September 8-12 wherein negotiators reached clarity on their respective interests in market access for both industrial and agriculture goods. "While some progress was made in certain outstanding areas, in particular on rules of origin, Sanitary and Phytosanitary Measures (SPS) and investment, no additional chapter could be closed this time," the EU said.While in depth discussions were held based on the market access offers for services and investment exchanged in July, the EU said in the rules of origin chapter, sectors including agriculture, chemicals, machinery, steel and cars are yet to be agreed upon.The EU's Commissioner for Trade and Economic Security Maros Sefcovic and Christop...

[ad_1] NEW DELHI -India is seeking to boost drug exports to semi-regulated markets in Africa, Latin America and Southeast Asia to reduce its dependence on the U.S., where tariff concerns pose risks, officials from a government-backed trade body told Reuters on Thursday. The Pharmaceuticals Export Promotion Council of India (Pharmexcil) also plans to push for sales of finished goods to China to bridge the trade deficit, the officials said. The Indian industry imports more than 60% of its raw materials and active pharmaceutical ingredients from China. While Indian pharmaceutical exports are currently exempt from President Donald Trump's tariffs of up to 50%, growing uncertainty and tensions between the countries have kept the industry cautious. "It is a matter of concern for us," Pharmexcil Chairman Namit Joshi said, referring to the U.S. tariffs.The U.S. is India's largest market and accounts for slightly more than a third of India's pharmaceutical exports, ...

[ad_1] India's diesel exports to Europe surged 137% year-on-year to 242,000 barrels per day (bpd) in August, as buyers braced for the European Union's ban on fuels refined from Russian crude from January 2026 which could shut the doors on Reliance Industries, the country's largest processor of Russian oil and fuel exporter.Diesel exports to Europe in August were up 73% month-on-month and 124% higher than the average of the preceding 12 months, according to Kpler, a global real-time data and analytics provider. Vortexa, another energy cargo tracker, estimated India's diesel exports to Europe in August at 228,316 bpd, 166% higher year-on-year and 36% more than in July. Export estimates often vary between shipping data trackers.Analysts attributed the surge to a mix of factors: a major refinery's surprise decision to advance maintenance, expected winter demand and looming EU sanctions that could shut Indian supplies. They expect European demand for Indian diesel...

[ad_1] Prime Minister Narendra Modi on Thursday held a joint telephone call with President of the European Council Antonio Costa and President of the European Commission Ursula von der Leyen, during which he discussed, among other issues, the early conclusion of a Free Trade Agreement (FTA) and the situation in Ukraine.The leaders underlined the importance of the India-EU Strategic Partnership in jointly addressing global challenges, fostering stability, and promoting a rules-based international order for mutual prosperity.They also welcomed progress in bilateral ties across critical sectors such as trade, technology, investment, innovation, sustainability, defence, security, and supply chain resilience. The leaders reaffirmed their shared commitment towards an early conclusion of the India-EU FTA negotiations and the effective implementation of the India-Middle East-Europe Economic Corridor (IMEEC).Building on the historic visit of the EU College of Commissioners to India in Fe...

[ad_1] Ministry of External Affairs on Friday denied a report of Chinese President Xi Jinping sending a 'secret letter' to Indian counterpart Droupadi Murmu to test the waters on improving Indo-China ties. In late August, Bloomberg reported that Jinping wrote a letter to Murmu expressing concerns about any US deals that would harm China’s interests and named a provincial official who would steer Beijing’s efforts."We have seen that report and can confirm that the story of the letter is incorrect," MEA spokesperson Randhir Jaiswal said during a press briefing.Citing an Indian official familiar with the matter, the report said that the letter was sent across to Prime Minister Narendra Modi.It wasn’t until June that Modi’s government began making a serious effort to improve relations with China, the person told Bloomberg, asking not to be identified in order to discuss internal matters.Shortly after Xi’s letter to India’s president in March of this year, Beijing p...

[ad_1] India will roll out a package of measures to help exporters hurt by a surge in U.S. tariffs, Finance Minister Nirmala Sitharaman said on Friday. The new U.S. duties slapped on Indian goods last month included a 25% punitive levy over New Delhi's Russian oil purchases - taking overall duties as high as 50% on a wide range of items from garments and jewellery to footwear and chemicals. "Government will come out with something to handhold those who have been hit by 50% tariffs," Sitharaman told CNBC TV18, without going into further detail. The government plans to offer credit guarantees on loans overdue by up to 90 days for small businesses and exporters, Reuters reported earlier, citing government sources.Exporters said labour-intensive sectors such as textiles, jewellery and seafood, particularly shrimp - which all operate on margins of just 3%-5% - have been hit hardest, causing job losses in industrial hubs in Tamil Nadu and Prime Minister Narendra Modi...

[ad_1] Peter Navarro, trade advisor to US President Donald Trump and the brain behind Trump's tariff wars, has once again stirred controversy by needling India. This time by amplifying a rising MAGA-aligned narrative targeting India’s IT services exports to the US. While his earlier jabs at India were rooted in geopolitics and crude generalisations, including incendiary claims such as “Brahmins profiteering” from refined Russian oil or calling the Ukraine conflict “Modi’s war”, this latest endorsement of a call to “tariff foreign remote workers” suggests a potentially more adverse economic undercurrent.MAGA's anti-India rhetoric evolves from H1B to remote workNavarro recently retweeted a post by Jack Posobiec, a far-right commentator and ex-Navy intelligence officer, that demanded tariffs on foreign remote workers, arguing that outsourcing of services should be treated the same as the import of goods. Posobiec’s post reads: “Tariff the foreign remote workers. All outsour...

[ad_1] New York/Washington: Terming India as the 'vowel' between Russia and China in the BRICS grouping, US Commerce Secretary Howard Lutnick on Friday said New Delhi will be at the negotiating table and will try to make a deal with President Donald Trump in a couple of months."So, I think yes, in a month or two months, I think India is going to be at the table, and they're going to say they're sorry, and they're going to try to make a deal with Donald Trump," Lutnick said in an interview with Bloomberg."And it will be on Donald Trump's desk how he wants to deal with (Narendra) Modi, and we leave that to him. That's why he's the President," he added.Lutnick was also asked about Trump's Truth Social post where the American President wrote, "Looks like we've lost India and Russia to deepest, darkest, China. May they have a long and prosperous future together! President Donald J. Trump." Trump also posted an old ...

[ad_1] NEW DELHI: US President Donald Trump has modified his April 2 executive order pertaining to reciprocal tariffs and expanded the list of exempted goods, the White House said on Saturday. These goods include bullion-related articles and certain critical minerals and pharmaceutical products subject to pending section 232 investigations regarding implications for national security.India’s exports of the newly-exempt 50-odd items amount to about $20 million annually. The products include highly specialised: nitrile compounds used in pharmaceuticals and agrochemicals; nickel waste and scrap recycled into stainless steel and batteries; lidocaine, a local anaesthetic; nick el powders for catalysts and 3D printing; nickel flakes used in conductive coatings; and high-purity precious metal articles used as bullion and inelectronics.“The order is an enabling clause which will be required by the US to operationalise its trade deals. The exemptions comprising gold impact $20-30 million...

[ad_1] Peter Navarro, Senior Counsellor for Trade and Manufacturing for US President Donald Trump, launched an attack on Elon Musk after his post on India buying Russian oil was fact checked by the billionaire's social media platform X.Calling the community note on X "crap", Navarro alleged that Elon Musk is allowing "propaganda" and reiterated his accusations of India purchasing Russian oil only to make profits."Wow. @elonmusk is letting propaganda into people's posts. That crap note below is just that. Crap. India buys Russia oil solely to profiteer. It didn't buy any before Russia invaded Ukraine. Indian govt spin machine moving high tilt. Stop killing Ukrainians. Stop taking American job", Navarro wrote on X.— RealPNavarro (@RealPNavarro) His response came to an earlier post where he had accused India of profiteering from Russian oil in his latest slew of remarks, alongside alleging that India's tariffs cost "Americans' ...

[ad_1] India's coal import dropped 16.4 per cent to 21.08 million tonnes (MT) in July due to sluggish demand during monsoon and availability of high stock. The country's coal import was 25.23 million tonnes (MT) in the year-ago period. India's import during the April-July period of the current fiscal year also declined to 97.49 million tonnes over 100.48 million tonnes in the year-ago period, according to mjunction services, a B2B e-commerce platform and a joint venture between Tata Steel and SAIL. "There was a decline in volumes due to sluggish demand during monsoon and the high stock available in the system. We expect to see an uptick in demand before the festive season starting end-September," mjunction MD & CEO Vinaya Varma said.Of the total imports in July, non-coking coal import stood at 11.54 MT, against 16.52 MT imported in July last financial year. Coking coal import was at 5.85 MT, against 4.81 MT recorded during July last fiscal year.Live Eve...

[ad_1] India stressed the scope to leverage the Shanghai Cooperation Organisation's (SCO) collective strengths for shared prosperity at the SCO Trade Ministers' Meeting held in Vladivostok and highlighted the need for export diversification, reducing dependency, and building resilient supply chains, the Ministry of Commerce and Industry said in a statement Sunday.With the SCO accounting for 42% of the world's population and 17.2% of global trade, India emphasised the importance of coordinated action to enhance trade flows, address vulnerabilities, and support inclusive growth across the region.Representing the Union Minister of Commerce and Industry, Amitabh Kumar, Additional Secretary, Department of Commerce, at the meeting held on Saturday, underlined the need for an open, fair, inclusive and non-discriminatory multilateral trading system with the WTO at its core. He highlighted the importance of a development-centred agenda that includes a permanent solution on Pu...

[ad_1] Indian Ambassador to Japan Sibi George has expressed his heartfelt appreciation for the support he received in strengthening India-Japan relations during his tenure in the country, as he prepares to leave his post, the Japan Times reported.George expressed confidence that Japan would continue to be a "steadfast partner" as India works toward its goal of becoming an advanced economy by 2047, marking 100 years of independence.Reflecting on Prime Minister Narendra Modi's recent two-day visit to Japan, the Indian Ambassador said that the trip "added a new chapter" to bilateral ties and laid out an ambitious roadmap for the next decade, as reported by the Japan Times, citing a farewell article ahead of his departure on Wednesday.He highlighted the significance of revising the India-Japan Joint Declaration on Security Cooperation for the first time in 17 years. He noted Japan's commitment to mobilise JPY 10 trillion in private investments in India ov...

[ad_1] India and Israel are expected to sign a Bilateral Investment Treaty (BIT) during the upcoming visit of Israel's Finance Minister Bezalel Smotrich this week, which would prepare a common ground for a free trade agreement (FTA) to boost trade between the two countries, sources here told PTI.Smotrich will be on a three-day visit to India between September 8 and 10, during which he is expected to meet his counterpart Nirmala Sitharaman, Commerce and Industry Minister Piyush Goyal, and Minister of Housing and Urban Affairs Manohar Lal Khattar.Besides Delhi, the Israeli finance minister will also visit Mumbai and the GIFT City in Gandhinagar."The aim of this visit is to deepen Israel's economic and financial ties with India through bilateral meetings and to prepare common ground for some of the key agreements, including bilateral investment treaty and FTA," sources here said."Both the countries have been negotiating a draft bilateral investment treaty and...

[ad_1] Eyeing to conclude their ambitious free trade deal soon, India and European Union will hold two rounds of crucial negotiations in next one month to overcome differences in areas of rules of origin, market access and duties on wine and dairy products, authoritative sources said on Sunday. European Commission's agriculture commissioner Christophe Hansen and trade chief Maros Sefcovic are visiting India this week to hold talks with their Indian interlocutors as both sides look to seal the free trade agreement (FTA) by end of this year. The European Union is India's biggest trade partner with bilateral trade in goods recording USD 135 billion in the financial year 2023-24. Besides the trade deal, India and the EU are also in the process of firming up a series of transformative initiatives including a new politico-strategic vision and key foundational frameworks to expand defence ties -- moves that came against the backdrop of increasing geopolitical uncertainty.Signif...

[ad_1] India has cautioned against weaponising export-related measures or misusing them to create artificial scarcity, distort markets or disrupt supply chains at a meeting of the Shanghai Cooperation Organisation (SCO), the government said Sunday.New Delhi made this statement at the SCO trade ministers' meeting in Vladivostok, Russia on September 6 and emphasised that calibrated and transparent use of these steps is essential to maintain trust in international commerce.Underlining the need for an open, fair, inclusive and non-discriminatory multilateral trading system with the World Trade Organization (WTO) at its core, India highlighted the importance of a development-centred agenda that includes a permanent solution on public stockholding for food security purposes, effective special & differential treatment for developing countries and restoration of a fully functional two-tier WTO dispute settlement system.With the SCO accounting for 42% of the world's populatio...

[ad_1] The 13th round of the India-EU free trade agreement (FTA) negotiations will be held in New Delhi starting Monday. European Commissioner for Trade and Economic Security, Maroš Šefcovic, is also expected to visit India later this week as both sides attempt to finalize the trade pact by the end of the year. ET takes a look:Add as a Reliable and Trusted News Source [ad_2] Source link Follow Us: https://facebook.com/gagab2b https://youtube.com/gagab2b https://gagab2b.com https://gagab2b.com/import-export-news/import-export-india-news/et-graphics-india-eu-to-hold-13th-round-of-fta-talks-in-delhi-pact-likely-by-year-end/?feed_id=3130&_unique_id=68be33f591094

[ad_1] Despite global uncertainties, exports of major textile commodities increased 5.37 per cent to USD 3.10 billion in July 2025 compared to USD 2.94 billion in the year-ago period, the government said on Wednesday.Despite global uncertainties, India's textile exports continue to chart a positive growth trajectory, reaffirming the sector's role as a key driver of employment, exports, and economic growth, the Textile Ministry said.India's textile and apparel sector has continued to demonstrate resilience in July 2025, recording a steady growth trajectory.As per quick estimates released by the Directorate General of Commercial Intelligence & Statistics (DGCIS) for the period April-July 2025, cumulative textile exports rose 3.87 per cent to USD 12.18 billion against USD 11.73 billion a year ago.The total exports of the six major textile commodity groups crossed USD 3.1 billion in July 2025, showing resilience against mixed global trade conditions. Sustained demand...

[ad_1] S. Jaishankar, Union Minister of External Affairs, while giving his opening remarks at the 26th Session of the India-Russia Intergovernmental Commission, said that the two nations need to work on reducing trade imbalance urgently. "Over the last four years, our bilateral trade in goods has increased, as you have noted, more than five-fold from USD 13 billion in 2021 to USD 68 billion in 2024-25 and it continues to grow. However, a major trade imbalance has accompanied the growth; it has increased from USD 6.6 billion to USD 58.9 billion which is about nine times. So we need to address that urgently," said the External Affairs Minister.The development comes amid strain in India's ties with the US over New Delhi's procurement of crude oil from Russia.Ties between Washington and New Delhi faced fresh strain on the trade front, as government sources confirmed that the US team would not travel to India for the sixth round of bilateral trade negotiations sched...

[ad_1] Despite global uncertainties, exports of major textile commodities increased 5.37% to $3.1 billion in July 2025 compared to $2.94 billion in the year-ago period, the government said Wednesday.“Despite global uncertainties, India’s textile exports continue to chart a positive growth trajectory, reaffirming the sector’s role as a key driver of employment, exports, and economic growth,” the textile ministry said in a statement.India’s textile and apparel sector has continued to demonstrate resilience in July, recording a steady growth trajectory, it added.For the period April–July 2025, cumulative textile exports were $12.18 billion, reflecting a growth of 3.87% over the same period last year.Total exports of the six major textile commodity groups-readymade garments, cotton textiles, manmade fibre textiles jute, carpets, and handicraftsLive Eventscrossed $3.1 billion in July 2025, showing resilience against mixed global trade conditions.Add as a Reliable and Trusted News So...

[ad_1] New Delhi: India and the Russia-led Eurasian Economic Union (EAEU) on Wednesday signed the Terms of Reference (ToR) in Moscow to launch negotiations on a Free Trade Agreement (FTA), even as the US slapped 50% tariffs on Indian imports - half of them penal duties for buying oil from Russia.The EAEU comprises Russia, Armenia, Belarus, Kazakhstan and Kyrgyz Republic."With a combined GDP of $6.5 trillion, the proposed FTA is expected to expand market access for Indian exporters, support diversification into new sectors and geographies, enhance competitiveness against non-market economies, and deliver significant benefits to micro, small and medium enterprises (MSMEs)," the commerce and industry ministry said in a statement.The ToR was signed during external affairs minister S Jaishankar's ongoing visit to Moscow. It provides the framework for negotiations and is expected to unlock untapped trade potential, increase investments and build a stronger, durable India...

[ad_1] New Delhi: Russia wants to increase bilateral trade with India and is willing to purchase more goods if those are diverted due to US tariff policies. Russia continues to be India's biggest source of crude.Addressing a select media gathering here on Wednesday in the backdrop of the US tariffs, Alaska Summit and the external affairs minister's Moscow visit, Roman Babushkin, Charge d'Affairs of the Russian Embassy in India, said US' pressure on India over the latter's procurement of Russian crude oil was "unjustified" and "unilateral"."We don't expect that to happen (India to stop buying oil from Russia). We know about the challenging circumstances for India. This is the true strategic partnership we are enjoying. Whatever happens, even during challenges, we are committed to removing any problems," he said.The discounts provided on Russian oil is attractive and Indian imports of Russian crude are being maintained at the s...