India–Oman CEPA sealed: India gets duty-free access to 99.38% of its exports - The Economic Times Video

[ad_1] India and Oman have taken a significant step on Thursday towards deepening their economic relationship with the signing of a Comprehensive Economic Partnership Agreement, a move that is expected to substantially expand trade, investment and broader commercial engagement between the two countries. The agreement was signed in Muscat during Prime Minister Narendra Modi’s visit, underscoring the growing strategic and economic importance New Delhi attaches to the Gulf and wider Middle East region. Show more Show less [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/india-oman-cepa-sealed-india-gets-duty-free-access-to-99-38-of-its-exports-the-economic-times-video/?feed_id=3818&_unique_id=694a0e24304f1

Comments

Post a Comment

Popular posts from this blog

India’s $48 bn input subsidy for power and agri raises hackles

Image
[ad_1] The US, EU, UK and Australia, along with four others, raised concerns at India’s input subsidies for power, irrigation and fertilisers reaching $48 billion in 2022-2023. The US said at a meeting at the World Trade Organization (WTO) last week that this was more than twice the value of all tradedistorting support that it had notified in 2021-22 and called for greater transparency from India. Input subsidies available to lowincome or resource-poor producers in the country amounted to $32 billion in 2021-22. As per the Agriculture Census for 2015-16, 99.43% of farm holdings in the country are of low-income or resource poor farmers.The input subsidies, covered in Article 6.2 of the Agreement on Agriculture of the WTO, allow developing countries additional flexibilities in providing domestic support. They are not subjected to caps as other farm subsidies, such as price and income support, included in Aggregate Measurement of Support (AMS) which is fixed at 5% of agriculture pr...
Read more

India's April palm oil imports jump 34 pc on lower global prices

Image
[ad_1] New Delhi, India's palm oil imports registered a 34.11 per cent jump on-year in April to 6,84,000 tonnes, buoyed by a fall in global prices, the Solvent Extractors' Association of India (SEA) said on Tuesday. Palm oil accounted for 52 per cent of India's total edible oil imports of 13,04,409 tonnes in April, the trade body said in a statement, adding that sunflower and soybean oils import stood at 6,20,315 tonnes. Including non-edible oils, overall vegetable oil imports rose 26 per cent in April to 13,18,528 tonnes compared to 10,50,189 tonnes a year ago, it said. Bearish global prices encouraged higher imports of refined, bleached and deodorized (RBD) palmolein and crude palm oil (CPO), which declined by nearly USD 100 a tonne last month, SEA said. Soybean oil prices fell USD 40 per tonne globally, while the sunflower oil rate dropped just USD 15 a tonne over the last month, it added. Among palm oils, RBD palmolein imports climbed to 1,24,228 tonnes as aga...
Read more

Dairy sensitive for India, as peanut butter is to US, says official in the wake of tariff negotiations

Image
[ad_1] India will negotiate its trade agreements carefully and patiently in the wake of the tariffs imposed by the Donald Trump administration and protect its sensitive sectors like dairy and agriculture, officials said on Saturday, citing the example of the US which is sensitive about peanut butter.“We have to be patient. Trade pacts do not happen overnight. It is a careful and steady process. Things are analysed carefully,” an official said on the condition of anonymity, adding that a slight impact on demand in the US could be a little challenging.India has “emerged a winner” following the reciprocal tariffs imposed by the United States, officials said, pointing out that the country has a first mover advantage compared to its competitors owing to of the Bilateral Trade Agreement (BTA) that the two are negotiating and because Indian exporters are better positioned to deal with the additional US tariffs.They said the country will take all measures within the World Trade Organiza...
Read more