India and Vietnam are emerging as key beneficiaries of the China plus one strategy, with Nomura predicting significant growth opportunities for Asian economies. According to a report by Nomura, India’s exports are projected to skyrocket to $835 billion by 2030 from $431 billion in 2023, driven by its vast domestic market attracting companies seeking supply chain diversification away from China.
India’s $48 bn input subsidy for power and agri raises hackles
WTO members, including the US and UK, have raised questions about India’s $48 billion farm input subsidies for 2022-23, which have been attributed to inflation and rising fertilizer costs. India explained that these subsidies are mainly for power, irrigation, and fertilizers and that the information had been duly notified to the WTO. The US claimed that this amount is more than twice the value of all trade-distorting support notified by India in 2021-22.
WIPO treaty a big win for India & global south: Commerce ministry
India and the Global South celebrate a significant win with the WIPO treaty on intellectual property, genetic resources, and traditional knowledge. The treaty introduces a new disclosure requirement for patent applicants based on genetic resources, providing added protection to Indian resources and knowledge in countries without disclosure obligations.
India’s coffee exports rise 12% to $1.28 billion in 2023-24
India’s coffee exports increased by 12.22% to USD 1.28 billion in 2023-24 due to higher demand for Robusta coffee in global markets. The country, Asia’s third-largest coffee producer, exports Arabica and Robusta varieties. Coffee shipments increased by 13.35% to 1,25,631 tonnes during January-March 2023-24.
UK’s July general election: Impact on India FTA, Indo-Pacific tilt
While political analysts and strategic experts have expressed confidence that very little should change on the bilateral relationship front whatever the outcome in either election, the very small window that was open for a deal being clinched by the Sunak-led Tory government has now been swept away in the election wave of both countries.
How to Leverage Social Media for Your Import Export Business
Leveraging social media for your import export business can significantly enhance your visibility, attract potential clients, and build strong industry relationships. Here are key strategies to maximize your social media presence: By strategically utilizing social media, you can effectively promote your import export business, connect with key stakeholders, and drive growth in the global marketplace.
India exports over 45,000 tonnes onion after lifting ban
India exported 45,000+ tonnes of onions post-ban lift, easing farmer woes. Nidhi Khare, Secretary, noted major exports to Middle East, Bangladesh. Govt has set minimum export price for onion. Monsoon forecast ensures good kharif crop sowing, buffer stock building.
Hope India-UK FTA not far away, says incoming FICCI UK Council chair
Priya Guha, the new chair of FICCI UK Council, and Baroness Usha Prashar discuss the India-UK Free Trade Agreement, emphasizing research, innovation, and cultural ties for a stronger bilateral partnership.
India reaffirms restrictions on import of certain electronics & IT goods
India has reinforced restrictions on specific electronics and IT goods imports, according to a recent Commerce Ministry notification dated May 20. The order, active since 2021, prohibits unregistered and non-compliant products. Measures include random sampling and testing of LED products. The government will allow imports meeting safety standards, while non-compliant goods face re-exportation or destruction.
The Future of Import-Export Post-COVID-19
The Future of Import-Export Post-COVID-19: The COVID-19 pandemic has had a profound impact on global trade, disrupting supply chains and altering trade dynamics across the world. As the world begins to recover, the import-export industry is poised for significant changes. Here are several key trends and considerations for the future of the import-export business post-COVID-19. 1. Supply Chain Resilience and Diversification 2. Acceleration of Digital Transformation 3. Changes in Trade Policies and Regulations The Future of Import-Export Post-COVID-19ChatGPT The Future of Import-Export Post-COVID-19 The COVID-19 pandemic has reshaped global trade, introducing new challenges and opportunities for the import-export industry. As the world recovers, businesses in this sector must adapt to a transformed landscape. Here are the key trends and developments that will shape the future of import-export post-COVID-19. 1. Supply Chain Resilience and Diversification 2. Digital Transformation 3. Changes in Trade Policies and Regulations 4. Sustainability and Ethical Practices 5. Geopolitical Shifts and Trade Relationships 6. Changing Consumer Behavior and Market Demand 7. Enhanced Risk Management Strategies Conclusion The future of the import-export industry post-COVID-19 will be characterized by resilience, digital innovation, sustainability, and strategic geopolitical alignment. Companies that embrace these changes and adapt their strategies accordingly will be well-positioned to succeed in the evolving global market. Staying informed, agile, and proactive will be crucial for navigating the new landscape of international trade.
