Indian exporters seek priority shipment for MSMEs at Delhi Airport due to delays caused by Bangladesh transhipment, leading to quadrupled air freight costs. Requests made to suspend transshipment facility for Bangladesh cargo.

The two countries told the WTO that they estimated that over the period 2018-19 to 2021-22, New Delhi provided sugarcane subsidy between 91-100%, which was “vastly in excess of the limits set out” at 10% of value of food production in the case of India and other developing countries.

According to S&P Global Commodity Insights, India, the world’s largest rice exporter, implemented export restrictions, including banning broken rice exports and imposing additional duties on non-basmati white rice outflows in August 2022.

Government regulations play a crucial role in shaping the landscape of import export trade, serving as the framework within which businesses must operate. These regulations encompass a variety of aspects, ranging from customs procedures and trade policies to product standards and documentation requirements. Customs regulations are among the most fundamental aspects of import export trade. They dictate the procedures for importing goods into a country and exporting them to foreign markets. This includes requirements for declaring goods, paying duties and taxes, and complying with various administrative procedures. Customs regulations vary significantly from one country to another, posing a challenge for businesses seeking to navigate international trade. Trade policies established by governments also heavily influence import export trade. These policies include tariffs, quotas, and trade agreements that determine the conditions under which goods can be imported or exported. Tariffs, in particular, impact the cost competitiveness of imported goods, affecting pricing strategies and market access for businesses. Trade agreements, on the other hand, can facilitate smoother trade relations between countries by reducing barriers and promoting preferential treatment for certain goods. Product standards and regulations set by governments ensure the safety, quality, and compliance of imported and exported goods. These standards may encompass technical specifications, labeling requirements, and certification procedures to guarantee that products meet established criteria. Non-compliance with these regulations can lead to delays, fines, or even bans on imports or exports, underscoring the importance of thorough compliance management by businesses. Documentation requirements imposed by governments are another critical aspect of import export trade. Businesses must prepare and submit various documents, such as commercial invoices, packing lists, certificates of origin, and shipping documents, to facilitate the movement of goods across borders. Accuracy and completeness in documentation are essential to prevent delays in customs clearance and ensure smooth logistical operations. In summary, government regulations profoundly impact import export trade by governing customs procedures, trade policies, product standards, and documentation requirements. Businesses operating in this realm must navigate these regulations adeptly to ensure compliance, mitigate risks, and seize opportunities in the global marketplace.

India’s metallurgical coal imports from Russia have increased by three-fold in the last three years, reaching 15.1 million tonnes in 2023-24, mainly due to lower prices. This increase is attributed to lower prices, which are cheaper for domestic steel players. Australia, a major supplier of met coal to India, has seen a decline in its exports to India. The rise in imports is attributed to “cost-benefit” reasons, as imports from Russia are costing less to domestic steel players.

India has lifted the ban on onion exports after almost six months. The Directorate General of Foreign Trade set the Minimum Export Price at $550 per tonne. Onions have historically influenced India’s political landscape during elections.

India’s imports of electronics, telecom, and electrical products surged to USD 89.8 billion in 2023-24, with over half of these imports coming from China and Hong Kong, according to the Global Trade Research Initiative (GTRI). China dominates with a 43.9% share, highlighting India’s heavy reliance on these countries. GTRI emphasizes the need to reduce this dependency to enhance economic resilience and safeguard digital sovereignty. The report suggests strategic diversification of sources and boosting domestic production capabilities to achieve this goal.

In April, India increased imports of Russian oil while decreasing imports from Iraq and Saudi Arabia, according to preliminary data from Kpler and LSEG. Despite geopolitical tensions, Russia remained India’s top oil supplier. Indian refiners boosted overall oil purchases by 13-17% but reduced imports from Iraq by 20-23%. Russia’s oil imports are projected to decrease in May.

The government is evaluating ways to enhance export competitiveness by examining the export credit landscape. Seeking insights from exporters, it aims to address challenges and improve access to financial resources crucial for international trade. With a focus on reducing the cost of export credit, officials are studying best practices from other countries. This initiative comes as India’s goods exports declined in FY24, prompting exporters to seek longer-term funding amid global uncertainty. सरकार निर्यात ऋण परिदृश्य की जांच करके निर्यात प्रतिस्पर्धात्मकता बढ़ाने के तरीकों का मूल्यांकन कर रही है। निर्यातकों से अंतर्दृष्टि प्राप्त करते हुए, इसका उद्देश्य चुनौतियों का समाधान करना और अंतर्राष्ट्रीय व्यापार के लिए महत्वपूर्ण वित्तीय संसाधनों तक पहुंच में सुधार करना है। निर्यात ऋण की लागत को कम करने पर ध्यान देने के साथ, अधिकारी अन्य देशों की सर्वोत्तम प्रथाओं का अध्ययन कर रहे हैं। यह पहल तब हुई है जब वित्त वर्ष 2014 में भारत के माल निर्यात में गिरावट आई, जिससे निर्यातकों को वैश्विक अनिश्चितता के बीच दीर्घकालिक वित्तपोषण की तलाश करने के लिए प्रेरित किया गया।

Title: What is Bill of Lading: A Comprehensive Introduction Do you know what is Bill of Lading? The bill of lading (B/L) stands as one of the foundational documents in international trade, serving as both a receipt for goods and a contract of carriage between the shipper, carrier, and recipient. This vital document plays a pivotal role in facilitating smooth and secure transactions across the globe. Let’s delve into its significance, components, and functions. At its core, the bill of lading serves three primary purposes: Now, let’s break down the key components of a bill of lading: It’s crucial to understand the different types of bills of lading: In conclusion, the bill of lading serves as a cornerstone of international trade, providing a crucial framework for documenting, securing, and facilitating the movement of goods across borders. Its importance cannot be overstated, as it not only ensures the safe and efficient transportation of goods but also plays a vital role in enabling commercial transactions and facilitating global commerce. Understanding its intricacies is essential for all parties involved in international trade to navigate the complex landscape of global logistics effectively.