Amul, the pioneer of India’s white revolution, is eyeing an opportunity to turn the country into a global dairy hub. Already accounting for a fifth of the world’s milk output, the country’s share is set to grow to about a third, said Amul’s Managing Director R.S. Sodhi. “In dairy, we have lot of export potential because […]
Several rulings about subsidies and global trade pending with the World Trade Organization (WTO) are likely to delay the announcement of a new foreign trade policy (FTP), even as the current one, already extended by a year, expires on March 31. At the heart of this delay is not just Covid-induced disruptions but a policy […]
The fourth edition of IndusFood, this Saturday at Greater Noida Expo, is going to be the first major physical exhibition to be held in the country post-Corona. Organised by the Trade Promotion Council of India (TPCI) and supported by the Ministry of Commerce, South Asia’s largest Food & Beverage trade show will be conducted with […]
The Biden administration has told the US Congress that India’s recent emphasis on import substitution through the ‘Make in India’ campaign has “epitomised” the challenges facing the bilateral trade relationship. In its 2021 Trade Policy Agenda and 2020 Annual Report, the US Trade Representative (USTR) said that during 2020 the US continued its engagement with India to […]
The U.S. Commerce Department issued final anti-dumping duties on common alloy aluminium sheet from 18 countries, including up to 242.8 per cent on imports from Germany and 4.83 per cent on imports from Bahrain. The International Trade Administration issued a fact sheet showing anti-dumping and anti-subsidy rates for other countries, including Brazil, Croatia, Egypt, Greece, […]
Global container shipping companies’ performance will be strong in 2021 after a profitable 2020, Fitch Ratings says. Spot freight rates will remain high in the short term, which will flow through to contracted rates for 2021. However, Fitch said, it considers the current rates unsustainable in the medium term, as the sector is susceptible to […]
Britain clinched a narrow Brexit trade deal with the European Union on Thursday, just seven days before it exits one of the world’s biggest trading blocs in its most significant global shift since the loss of empire. The deal means it has swerved away from a chaotic finale to a tortuous divorce that has shaken […]
From Asia to Europe, a severe shortage of container boxes amid the pandemic is threatening a recovery in global trade. Indian exporters have also been affected by the shortage, which could prove to be a spoiler for commodity exports like rice in a year of record harvest. Rice exporters say the shortage of containers has already started […]
The Ministry of Commerce and Industry and the Ministry of Ayurveda, Yoga & Naturopathy, Unani, Siddha and Homoeopathy (AYUSH) have decided to work together to set up an AYUSH Export Promotion Council (AEPC) to boost AYUSH exports. The decision was taken recently in a joint review by the Commerce Minister Piyush Goyal and AYUSH Minister […]
The impact of recent farm laws introduced by the Indian government –including the right to farmers to sell their produce anywhere as well removing stock limits on essential commodities — will begin to be realised in the next 2-3 years, according to global consultancy PWC. The new laws have met with strong resistance in certain […]
