Indian Tobacco Association has urged the government to include tobacco under the tax rebate scheme RoDTEP (Remission of Duties and Taxes on Exported Products) with an aim to encourage exports from the sector. On 17 August this year, the government announced rates of tax refunds under the export promotion scheme RoDTEP for 8,555 products, such […]
China has accused the European Union is breaching trade principles with its proposal to impose a so-called carbon border tax that would push up the prices of non-EU products sold in the bloc to account for their carbon footprint. “CBAM is essentially a unilateral measure to extend the climate change issue to the trade sector. […]
The European Union on Monday extended its steel safeguard, saying it will run from July 1, 2021 to June 30, 2024, with an automatic annual liberalisation of 3%. Eurofer (European Steel Association) welcomed the move and said the conditions that required the launch of the safeguard initially were still very much present – including global […]
The U.S. Department of Agriculture (USDA) has revised world production of coffee up by 300,000 bags from the December 2020 estimate to 175.8 million. Brazil is up 2.0 million bags to 69.9 million, largely due to updated data for Arabica output. Uganda is revised 1.2 million bags higher to 6.0 million largely due to increased […]
Wheat production in the European Union (EU, 27 members) is estimated at 137.5 million metric tons (mmt), up 3.5 mmt from last month, up 11.6 mmt from last year and 5 percent above the 5-year average, the U.S. Department of Agriculture said in its latest global agri forecast report. It said crop area is estimated […]
The Council of Palm Oil Producing Countries (CPOPC) has expressed its disappointment over Belgium’s notification to the European Commission that it proposes a ban on palm oil as a renewable source of biofuel in the near future, and said the move could be a step back in ties between ASEAN and the European Union. The […]
Global sugar production in 2021/22 is forecast up 6 million tons to 186 million as higher production in the European Union, India, and Thailand will more than offset the decline in Brazil, the U.S. Department of Agriculture said in a report. Consumption is forecast to rise to a new record due to growth in markets […]
Gold Teak Holding, a Singaporean company with operations in Myanmar and Italy, gave a flawless display of hubris last week when it posted a photo on its LinkedIn profile showing a container of timber with the caption “An other [sic] cargo carried out despite COVID-19 and #Myanmarcoup”, the Environmental Investigation Agency (EIA) reported. The LinkedIn post photo available […]
Going by the 4.8 per cent increase in global steel production in January 2021, it would appear that the demand for steel is increasing all over, indicating a recovery in economy. The COVID 19 pandemic broke the back of many industries globally, large or small, apart from taking away the lives of more than 2.5 […]
Global wheat production in 2021 is likely to increase and hit a new record of 780 million tonnes, according to FAO’s preliminary forecast, as expectations of a rebound in production in the European Union more than offset weather-impacted production prospects for output in the Russian Federation. Maize production in South Africa is expected to reach […]
