GAGA B2B - CONNECTING IMPORTERS AND EXPORTERS

[ad_1] India and Nepal on Thursday inked a deal to establish a direct rail connectivity along the Jogbani-Biratnagar rail link for containerised and bulk cargo, facilitating transport from the ports of Kolkata and Visakhapatnam to the Nepal Customs Yard cargo station located in Morang District, near Biratnagar. Both countries exchanged Letter of Exchange (LoE) amending the protocol to the Treaty of Transit between India and Nepal in this regard. "This signing will facilitate the movement of rail-based freight between Jogbani (India) and Biratnagar (Nepal), including bulk cargo under an expanded definition," the commerce ministry said. This liberalisation extends to key transit corridors -- Kolkata-Jogbani, Kolkata- Nautanwa (Sunauli), and Visakhapatnam- Nautanwa (Sunauli), thereby strengthening multi-modal trade connectivity between the two countries and Nepal's trade with third countries, it said.The LoE exchange happened here during a bilateral meeting between Co...

[ad_1] A large number of Indian business leaders see Saudi Arabia as a reliable investment destinations and are keen to increase trade with the country amid global uncertainties, a new report has said. This aligns with the Kingdom's Vision 2030 plan, which aims to build a resilient, stable economy with attractive growth opportunities, according to the HSBC New Networks of Capital: Saudi Arabia report. Citing a survey, the report said that Indian businesses are increasingly viewing Saudi as a reliable partner and 85 per cent of Indian businesses - the highest among surveyed markets - see Saudi Arabia as a more attractive destination for trade and investment amidst global uncertainties. As many as 78 per cent of Indian businesses are planning to increase investments in Saudi Arabia in the next six months - representing the highest level of commitment among any market outside the Middle East, claims the report. Looking ahead over the next five years, this figure is expected to ...

[ad_1] New Delhi: India has imposed an anti-dumping duty on steel exported from Vietnam. The move is targeted at plugging the rerouting of Chinese steel through Vietnam, according to sector watchers. The notification states an anti-dumping duty of $121.55 per tonne on hot-rolled flat products of alloy or non-alloy steel for five years.The order exempts steel manufactured by Hoa Phat Dung Quat Steel JSC from the duty. An investigation conducted by the Directorate General of Trade Remedies (DGTR) concluded that the product had been exported to India at a price below its normal value. The notification said "the domestic industry has suffered injury as a result of dumped imports; there is also a threat of further aggravated injury to the domestic industry, if anti-dumping duty is not imposed on import of subject goods from subject country".The DGTR had initiated an investigation on a complaint filed by the Indian Steel Association on behalf of domestic producers JSW Steel ...

[ad_1] New Delhi: India has asked Russia to facilitate expedited listing of domestic establishments and registration of marine and pharma products with a view to boost two-way trade.Commerce secretary Rajesh Agrawal, who is in Moscow, highlighted the potential for expanding and deepening trade and proposed confidence-building measures to unlock market access, an official statement said on Thursday."The issues included expedited listing of Indian establishments and a systems-based approach with FSVPS in agriculture, especially marine products and a time-bound pathway in pharmaceuticals covering registration, regulatory reliance and predictable timelines," it said. FSVPS is the Federal Service for Veterinary and Phytosanitary Supervision of Russia.ET Bureau The commerce ministry also said a forward looking protocol for trade and economic cooperation across multiple sectors was finalised and signed during the meeting of Agrawal and Vladimir Ilyichev, deputy minister of ec...

[ad_1] Businesses in India are increasingly looking to Saudi Arabia to overcome challenges they face in other parts of the world, according to a new report by HSBC.The survey report revealed that Saudi Arabia is emerging as a key destination for both trade and investment amid ongoing global uncertainty.It stated, "Some 85 per cent of Indian businesses - the most of any market surveyed - see Saudi Arabia as a more attractive destination for trade and investment as a result of global uncertainty."HSBC's survey covered 4,000 international business decision-makers across nine major markets. It has been found that businesses globally now view Saudi Arabia as a more attractive destination for trade and investment due to the current global situation.The companies are mainly interested in opportunities in technology and infrastructure, similar to companies in other regions.Live EventsOverall, the report highlighted strong global interest in the Kingdom. Eight out of 10 int...

[ad_1] India and Canada on Friday jointly announced long term partnerships in critical minerals, clean energy and exploration of trade opportunities in aerospace sector, marking a revival in bilateral ties that had been strained during Prime Minister Justin Trudeau’s tenure.The announcement followed the 7th Ministerial Dialogue on Trade and Investment (MDTI) held in New Delhi from November 11 to 14.At the invitation of Commerce and Industry Minister Piyush Goyal, Canada’s Minister of Export Promotion, International Trade and Economic Development Maninder Sidhu visited India for discussions aimed at resetting economic cooperation. The meeting followed directions issued by the two Prime Ministers during their G7-side talks in Kananaskis and the joint foreign ministers’ statement released on October 13, which identified trade as the anchor of future engagement.The dialogue identified new areas of cooperation. The ministers agreed to promote long-term supply chain partnerships in cr...

[ad_1] Commerce and Industry Minister Piyush Goyal on Friday said India is negotiating free trade agreements at present with countries, including the US, European Union, New Zealand, Oman, Peru and Chile. He also said that India Trade Promotion Organisation (ITPO) would be happy to join hands with the state government to develop a world class convention centre - Andhra Mandapam - like Bharat Mandapam in New Delhi. The minister added that lowering trade barriers globally will help promote free flow of goods, services and capital. India has already implemented free trade agreements with countries such as UAE, Australia and four nation European bloc EFTA."We are currently negotiating with the EU, US, Oman, New Zealand, Chile and Peru and many more wanting us to start negotiations," he said here at CII Partnership Summit 2025.Live Events To promote ease of doing business, he said the Centre has removed as many as 42,000 compliances and abolished 1,500 laws. [ad_2] Sour...

[ad_1] India imported 16 million tonnes of edible oils for nearly Rs 1.61 lakh crore during the 2024-25 marketing year ended October to meet domestic demand, according to industry body SEA. In the 2023-24 marketing year (November-October), India's edible oil imports stood at 15.96 million tonnes worth Rs 1.32 lakh crore, as per the Solvent Extractors' Association of India (SEA) data released on Thursday. The increase in edible oil imports in value terms was 22 per cent because of higher global prices. India imports palm oil from Indonesia and Malaysia while the soyabean oil comes from Argentina and Brazil."To bridge the gap between supply and demand, India has resorted to imports since 1990s. In the initial period, the import volume was very low. However, in the last 20 years (2004-05 to 2024-25), import volume has increased by 2.2 times while cost of import has gone up nearly 15 times," the association said.Live Events In 2024-25, India had to spend nearly Rs ...

[ad_1] World Trade Organization (WTO) Director General Ngozi Okonjo-Iweala on Friday called on India to take a leading role in driving reforms at the multilateral trade body, saying the global trading system must remain rules-based and not drift toward a power-based framework.Speaking at the inaugural session of the 30th CII Partnership Summit 2025, she said global trade is undergoing major shifts and India is well-placed to benefit. “India should be a leader in the reform process at the WTO… We must correct old wrongs and seize emerging opportunities,” she said.Okonjo-Iweala noted that global supply chains are being reconfigured and India is emerging as a key beneficiary. She pointed to the rapid rise of green trade and digitally delivered services — now worth nearly USD 5 trillion — growing at 6–8% annually. India, she added, has a “unique opportunity” to expand further as it is already strong in digital trade, while South–South trade is picking up again.Highlighting India’s r...

[ad_1] The Reserve Bank has permitted exporters to bring proceeds of their shipments in 15 months as against the prevailing timeframe of 9 months in view of stress being faced by them. Exporters are facing issues due to a steep tariff imposed by the US on Indian shipments since August. The US imposed a steep 50 per cent tariff on goods from India, which took effect on August 27. Currently, the value of goods or software exports made by exporters is required to be realised fully and repatriated to the country within a period of nine months from the date of export. The changes have been made following amendments to the Foreign Exchange Management (Export of Goods & Services) Regulations.These regulations may be called the Foreign Exchange Management (Export of Goods and Services) (Second Amendment) Regulations, 2025, a gazette notification dated November 13 by RBI regional director Rohit P Das said.Live Events "They shall come into force from the date of their publication...

[ad_1] New Delhi: Union Minister of State for Commerce and Industry Jitin Prasada on Friday expressed confidence that India will soon sign free trade agreements with the 27-nation European Union bloc, New Zealand and Oman. Addressing at the inauguration of the India International Trade Fair here, he said that the commerce ministry is signing free trade agreements with various nations globally. "You will be happy to note that India talks on an equal footing today with big developed nations. Those days are gone when we used to talk under pressure (Woh Zamaane Lad Gaye Jab Hum Dab ke Baat Karte The)," said the minister. Referring to free trade agreements signed with various nations, he said, "(Detailed negotiations are underway with European Union, New Zealand and Oman. I'm fully confident that very soon we will also sign FTAs with them also) European Union, New Zealand, Oman se vistrit charcha ho rahi hai aur jaldi se jaldi mujhe poora vishwas hai ki wahan se bh...

[ad_1] New Delhi: Commerce and industry minister Piyush Goyal Friday said India is negotiating free trade agreements at present with countries, including the US, European Union, New Zealand, Oman, Peru and Chile. "We are currently negotiating with the EU, US, Oman, New Zealand, Chile and Peru and many more wanting us to start negotiations," he said at the CII Partnership Summit 2025 in Visakhapatnam.India has already implemented free trade agreements with countries such as UAE, Australia and four nation European bloc EFTA.The minister pushed for two-way investments by lowering trade barriers, creating an open, transparent environment that enables the free flow of goods, services and capital. Goyal said that at present, this is an inflection point in global history and "the world order that defined the past several decades is being rewritten in this churning and tremendously volatile and uncertain, challenging times". To promote ease of doing business, he said...

[ad_1] Toy exporters may have had a strong start in this financial year, thanks to early festive shipments and front-loading by US buyers, but they are now forced to slash prices and redesign packaging as orders continue to slump with the buyers turning to other markets following imposition of 50% tariff by the US."Toy orders from the US for the next festive season, which we usually receive by October-November, are down by 50% this year as customers are shifting to China or other countries," said Amitabh Kharbanda, governing body member, Toy Association of India. The majority of festive, carnival or other entertainment articles are usually exported during April-August, ahead of the festive season in the US. Exports to the US, the top recipient of such goods, amounted to $64.5 million in the April-August period, achieving within five months of this fiscal 78% of the shipments worth $82.3 million in the entire 2024-25. In the first five months of this fiscal, India'...

[ad_1] Pune: The Ministry of Consumer Affairs, Food and Public Distribution has initiated moves for lifting restrictions on exports of wheat products such as aata, maida, and suji. It has written a letter to the commerce ministry to consider allowing wheat product exports with a quantitative total limit of 1 million tonnes.The wheat milling industry is urging the government for easing the export curbs as it expects a bumper wheat crop in 2025-26. "India has witnessed a bumper wheat harvest this season, and with a favourable monsoon, we anticipate yet another excellent harvest in the coming season," said Navneet Chitlangia, president, Roller Flour Millers' Federation of India. "In view of the robust domestic production, we had requested the government to lift the restrictions on wheat product exports so that India may reclaim its traditional markets across the globe."India had banned wheat and wheat product exports in 2022 as a heat wave crimped domestic p...

[ad_1] India was the second-largest importer of Russian crude oil in October after China, with purchases touching 2.5 billion compared with Beijing's 3.7 billion, according to the Helsinki-based Centre for Research on Energy and Clean Air (CREA).India's overall fossil-fuel imports from Russia reached 3.1 billion compared with China's 5.8 billion.At 2.7 billion, Turkiye ranked third, while the EU was the fourth largest importer at 1.1 billion.The West has been pressuring India and China to curb purchases of Russian oil, which they argue are helping fund Moscow's war in Ukraine.Last month, the US imposed sanctions on Russia's top two oil exporters-Rosneft and Lukoil-with the impact of these measures expected to be reflected in India and China's December import data.Live EventsChina also continued to be the biggest buyer of Russian coal, ahead of India and Turkiye. India imported 351 million worth of Russian coal and 222 million worth of oil products in Octo...

[ad_1] Members of the World Trade Organization have avoided a tit-for-tat with the US and that is why the most favoured nation (MFN) trade is high, says the Geneva-based global trade watchdog's director-general, Ngozi Okonjo-Iweala. Currently on a visit to India, she tells Kirtika Suneja that the global system is resetting due to disruptions caused by unilateral actions and countries diversifying their trade and looking for new trading partners. Edited excerpts:What outcome do you expect from the 14th ministerial conference (MC14, in March 2026)? What are the expectations from India?There's an expectation that MC14 will be the venue to look at what reforms the WTO and the multilateral trading system need. The system, in spite of being in the midst of the biggest disruption in 80 years, has some resilience; 72% of world trade is still taking place on WTO terms. So, there'll be three angles. The first is to look at what works in the WTO and how to sustain the good part...

[ad_1] External Affairs Minister S Jaishankar on Monday met US Secretary of State Marco Rubio in Kuala Lumpur, where the two leaders discussed a wide range of issues, including bilateral relations, regional developments, and global challenges.In a post shared on social media platform X, Jaishankar said, "Glad to meet @SecRubio this morning in Kuala Lumpur. Appreciated the discussion on our bilateral ties as well as regional and global issues." Glad to meet @SecRubio this morning in Kuala Lumpur.Appreciated the discussion on our bilateral ties as well as regional and global issues. pic.twitter.com/mlrqoyZypB- Dr. S. Jaishankar (@DrSJaishankar) October 27, 2025 The high-level interaction between the two leaders comes at a time when trade negotiations between India and the United States are ongoing, adding diplomatic weight to the broader economic dialogue between the two nations.Last week, Union Commerce and Industry Minister Piyush Goyal asserted that India would not...

[ad_1] India on Monday advanced an anti-dumping investigation into imports from China and Thailand of Ethambutol Hydrochloride, an active pharmaceutical ingredient used in anti-tuberculosis drugs, by releasing a list of registered interested parties.The Directorate General of Trade Remedies (DGTR) launched the investigation last month following a petition by domestic drugmaker Lupin Ltd, which alleged that imports were being dumped at unfairly low prices, hurting Indian producers.The investigation comes as India ramps up efforts to counter unfair trade practices that disadvantage domestic industries. The trade remedies body issued 15 final findings of such practices in September across sectors ranging from glass fiber and steel to solar cells and chemical products.The DGTR, in a statement on Monday, named Lupin as the domestic industry participant and Chinese producer Wuhan Wuyao Pharmaceuticals Co. Ltd among the foreign respondents.It said there was evidence of dumping and inju...

[ad_1] New Delhi: India's crude oil imports from the United States climbed to their highest level since 2022 in October, a move seen as part of New Delhi's effort to diversify supplies away from Russia and ease trade tensions with the Trump administration.India's crude imports from the US reached 540,000 barrels per day as of October 27 - the highest since 2022, according to data from Kpler. October is likely to close with near 575,000 bpd, and November looks to book around 400,000-450,000 bpd, per US export data - a sharp jump from the year-to-date average of around 300,000 bpd. The increase was economics-driven, supported by a strong arbitrage window, a wider Brent-WTI spread, and no Chinese demand, which made WTI Midland competitive on a delivered basis for Indian refiners, according to Sumit Ritolia, Lead Research Analyst - Refining, Supply & Modeling at Kpler.Russia, however, remained the largest crude oil supplier to India, accounting for a third of all imp...

[ad_1] New Delhi: The government Monday clarified that the recent restrictions on the import of silver jewellery will not apply to export-linked entities such as Special Economic Zone (SEZ) units, 100% Export-Oriented Units (EOUs), and those operating under specific authorisation schemes.“The imports of silver jewellery by SEZs and EOUs will not be subject to the recently imposed restrictions…However, it underlined that such imports cannot be sold in the Domestic Tariff Area (DTA),” the Directorate General of Foreign Trade (DGFT), said in a policy circular.Last month, the government restricted the imports of jewellery of precious metal, silver, and unstudded and other jewellery, till March 31, 2026, which were free earlier, due to a surge in imports from Thailand and some other Asean countries.The clarification follows several representations from the trade and jewellery industry.As per the DGFT, imports under the Advance Authorisation and Duty-Free Import Authorisation schemes ...

[ad_1] New Delhi: India and Germany Monday discussed areas of mutual interest and growth, and their shared commitment to an early conclusion of the India–EU free trade agreement (FTA). The issues were taken up during commerce and industry minister Piyush Goyal’s visit to Brussels where he met Johann Wadephul, Federal Minister for Foreign Affairs, Germany.“Began my visit to Brussels with a meeting with Mr. Johann Wadephul, Federal Minister for Foreign Affairs, Germany. Our discussions spanned key areas of mutual interest and growth, reaffirming the robust India-Germany strategic partnership and our shared commitment to an early conclusion of the India–EU FTA,” Goyal said in a post on X.The minister is on a two-day visit to Brussels where he is slated to hold high-level discussions with Maroš Šefcovic, Executive Vice-President and European Commissioner for Trade of the EU. The two sides will discuss key areas of the proposed FTA including market access, non-tariff measures and reg...

[ad_1] The Directorate General of Foreign Trade (DGFT) Monday said it plans to launch a pilot of Bharat Aayat Niryat Lab Setu, a digital single-window platform to link testing and inspection agencies nationwide for faster and paperless certification of export and import consignments.In a trade notice, It said that the initiative seeks to streamline the process of testing and certification by digitally connecting exporters, importers, and accredited testing and inspection agencies through a unified online interface.The pilot phase will commence from November 4, and exporters and importers would be able to submit applications for product and commodity testing through the platform from November 11 this year.“The system has been designed to improve transparency, traceability and turnaround time, while also enhancing the visibility and accessibility of accredited testing and inspection agencies nationwide,” DGFT said,adding that through this functionality, exporters will be able to s...

[ad_1] India on Monday flagged serious concerns over increasingly "constricted" energy trade, selective application of norms and market access issues, in remarks that came against the backdrop of its frosty ties with the US over its procurement of Russian crude oil. In an address at the East Asia Summit in Kuala Lumpur, External Affairs Minister S Jaishankar also said that the world must adopt a policy of "zero tolerance" towards terrorism as the right of defence against the menace can never be compromised. However, what drew attention was his comments relating to energy trade, market access and supply chains. "There are growing concerns about the reliability of supply chains and access to markets. Technology advancement has become very competitive; the quest for natural resources even more so," he said."Energy trade is increasingly constricted, with resulting market distortions. Principles are applied selectively and what is preached is not ne...

[ad_1] Sweden's ambassador to India, Jan Thesleff, is promoting investment through initiatives like a new five-year plan to double Swedish investment and job creation in India, in the backdrop of a Free Trade Agreement (FTA) with the EU. Sweden views India as a preferred investment destination, with Swedish companies actively expanding in India and focusing on manufacturing and innovationThesleff has emphasized strong business ties centered on innovation and the green transition, with over 280 Swedish companies operating in India and actively expanding their operations in sectors like manufacturing, digitalization, and research. The bilateral relationship focuses on strategic collaboration, with a goal to potentially triple trade and investment, and a strong alignment with India's "Make in India" initiative through local sourcing and full supply chain integration."We should double, and in fact triple the trade and investment between the two nations during ...

[ad_1] New Delhi: S Jaishankar met US Secretary of State Marco Rubio on Monday and is learnt to have discussed regional geopolitics, global issues, including West Asia and Ukraine, energy ties and progress in trade deal talks. "Glad to meet @SecRubio this morning in Kuala Lumpur. Appreciated the discussion on our bilateral ties as well as regional and global issues," Jaishankar said on X. [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/jaishankar-rubio-discuss-trade-talks/?feed_id=3533&_unique_id=690abb1ebbc2a

[ad_1] Former US Commerce Secretary Gina Raimondo has slammed the Trump administration's trade policy, warning that America is making a big mistake with India and other global allies. Speaking at the Harvard Kennedy School’s Institute of Politics, Raimondo said, “We’re making a big mistake with India. The Trump administration has pissed off all our allies. America First is one thing. America Alone is a disastrous policy."She also said that US current posture risks eroding crucial economic and strategic partnerships. “On my list of top 20 things that I would be critical of this administration for is pissing off all of our allies. An America that’s not a good friend or partner or ally to Europe, to Japan, is a weak America.”Raimondo urged a recalibration of US diplomacy, emphasising that effective global engagement requires strong alliances, not unilateralism. “I don’t think we can be effective without strong relationships with Europe or much of Southeast Asia,” she added...

[ad_1] US sanctions on Rosneft and Lukoil may have finally succeeded in weaning India off Russian crude oil, a trade the Trump administration has blamed repeatedly for financing Vladimir Putin’s war in Ukraine. But Washington, boosted by an emerging tariff truce with China, is far from done twisting New Delhi’s arm.As a precondition for slashing its 50% import tax on the world’s most-populous nation, the White House may insist on access to its energy market. Some demands will be relatively easy to meet. For instance, India’s state-owned refiners intend to buy more liquefied petroleum gas from the US at the expense of Middle Eastern suppliers, Bloomberg News has reported. In order to secure a trade deal, New Delhi is also prepared to make US LPG purchases duty free. As I have argued previously, Mukesh Ambani, Asia’s richest tycoon, may also purchase more US ethane to make plastics and petrochemicals. Things will get tricky, however, when US negotiators try to pry open the country...

[ad_1] For decades, India’s export engine has been powered by oil and petroleum products. Now, electronics is moving in fast, and could soon take its place as the second-largest export category.According to data from the Ministry of Commerce & Industry, in the first six months of FY26 electronics exports surged 42% to about $22.2 billion from $15.6 billion a year earlier, the fastest-growing among the top 30 export categories.By contrast, petroleum product exports fell 16.4% to $30.6 billion from $36.6 billion. Engineering products led overall exports at $59.3 billion (up 5.3%) in the same period. The gap between electronics and petroleum is shrinking, and if the pace holds, electronics could take second place after engineering within a few years.Live EventsWhat this really means is: India’s export DNA is shifting.Also read: iPhone boom powers India’s electronics exports to record highs, set to overtake petroleumThe triggerThis shift didn’t happen overnight. It started in 20...