Indian sugar industry holds talk with South Korea

Delegation of Indian Sugar industry held talks with top representatives of all three sugar refineries in South Korea during seventh round of India-South Korea Comprehensive Economic Partnership Agreement (CEPA) to pursue the matter of exports of sweetener to the country. The negotiations were held in South Korea between December 11 and 13. South Korea imports […]

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How buyers are lining up for Iran oil after U.S. exemptions

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Armed with waivers to keep importing oil from Iran without running afoul of U.S. sanctions, several countries are preparing to manage the repercussions of sanctions. Here is a list prepared by Bloomberg. The exemptions mean at least some supplies from OPEC’s third-biggest producer will keep flowing into international markets, after Iran’s exports plunged by almost […]

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India’s non-ferrous metal firms raise concerns over New Delhi joining RCEP – report

India’s biggest non-ferrous metal companies have sounded a warning on the country joining the 10-member Regional Comprehensive Economic Partnership (RCEP) on fears of another blow to their business after their experience of the India-ASEAN free trade agreement, the Economic Times newspaper reported. These companies — Hindalco, Vedanta, Hindustan Zinc, Hindustan Copper and Nalco — with […]

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Data – Anti-dumping duties on steel products imported into India

A definitive anti-dumping duty in the range of 4.58% to 57.39%, of the landed value of goods has been imposed on imports of cold rolled flat products of stainless steel to give relief to domestic steel industries from China, South Korea, the European Union, South Africa, Taiwan, Thailand and the United States of America, in 2015, according to the steel ministry’s response to a […]

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China calls for U.S. restraint on trade protectionism over steel, aluminium tariffs

The United States should remain restrained on trade protection and follow multilateral trade rules, China’s foreign ministry said after Washington announced it would impose tariffs on imports of steel and aluminium. President Donald Trump said last week the United States would introduce a 25 percent tariff on steel imports and 10 percent for aluminium on […]

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China becomes world’s second-largest LNG importer; EIA says consumption seen only increasing

China’s natural gas consumption is expected to continue to increase — driven by economics and environmental policies – after the country became the world’s second largest LNG importer, the U.S. Energy Information Agency (EIA) said in a note. Imports and increasing domestic production will be used to meet growing demand, the note said, adding that […]

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