Imports of copper, paperboard, RBD likely to decline on stringent ‘rules of origin’

India’s imports of copper, RBD (refined, bleached and deodorised) palmolein, paper and paperboard are likely to decline in the coming quarters due to stringent norms being put in place on the ‘rules of origin’ to check undue dumping of these commodities under Free Trade Agreements (FTAs) from non-producing countries. Sharp increases in the import of copper, RBD palmolein, paper […]

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Minimum Support Price hikes add to the woes of India’s farm exports

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India’s farm exports are at a severe peril. First, a global oversupply in agricultural commodities has led to constantly declining agricultural commodity prices. To add to its woes, sustained and regular increases in the minimum support price (MSP) of agri commodities by the Indian government has over-priced the country’s agricultural commodities in the world market. […]

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India’s copper exports plunge 69% in FY19 on Sterlite unit closure: EEPC

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Cumulatively for FY19, the export of the metal and its products dropped by whopping 69.4% to $1.065 billion, against the previous fiscal due to the shutdown of Sterlite Copper smelter plant at Tuticorin in Tamil Nadu, said Engineering Export Promotion Council (EEPC). The export of copper and copper products in March 2019 declined sharply by […]

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Pakistan’s decade-long free trade deal with China turns out to be a damp squib

While the Pakistan and China bilateral free trade agreement (FTA), signed in 2006, seemed to be quite ambitious, the ground realities have turned out to be quite different. The FTA resulted in the Pakistani market getting flooded with Chinese goods, as the country had extended unwarranted and unintentional clandestine market access to China. Pakistan’s trade […]

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After South Korea, it is turn for Indonesia to bring in cheap imports of gold into India

Less than a month after Government of India banned import of gold under a free trade agreement with South Korea, traders have discovered a loophole to import gold from Indonesia. Almost 150 kg of gold from Indonesia has already landed in India. Jewellers were importing gold jewellery from South Korea under the Indo-Korea Comprehensive Economic […]

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