Business Standard

India trade policy

Commerce ministry developing platform for registration, resolution of NTB's

The commerce ministry is developing a platform for registering non-tariff barriers (NTBs) faced by exporters and taking up with the concerned countries for their resolution, a senior official said. At present, there is an information gap on these barriers particularly for small items. "We are making a portal so that we can prioritise all the NTBs. Traders will register their complaints and the ministry will pursue that," the official said. In cases where the barrier is impacting a large volume of goods will be prioritised for their redressal and action-taking. Economic think tank GTRI in its report has stated that India needs to act in a fast-track manner for the removal of NTBs, being faced by domestic exporters in different countries like the US, China and Japan, to achieve export target of USD 1 trillion for goods by 2030. The Global Trade Research Initiative (GTRI) has suggested a two-pronged strategy to mitigate the influence of NTBs on exports. It asked for upgrading domest

Commerce ministry developing platform for registration, resolution of NTB's
Updated On : 02 Jul 2024 | 4:58 PM IST

Piyush Goyal meets exporters; reviews trade scenario, non-tariff barriers

Exporters asked the government to firm up a strategy to deal with the issue of non-tariff barriers imposed by trade partners that ultimately hurts India's exports

Piyush Goyal meets exporters; reviews trade scenario, non-tariff barriers
Updated On : 28 Jun 2024 | 12:36 AM IST

A champion of trade liberalisation

Arvind Panagariya's book offers a rich and fascinating analysis of how protectionism has harmed the country's trade and economy

A champion of trade liberalisation
Updated On : 17 Jun 2024 | 9:50 PM IST

100-day plan: Govt e-platform to spur exports, connect with stakeholders

Since India has been on a free trade agreement (FTA) signing spree, the platform will offer easy access to benefits under these agreements

100-day plan: Govt e-platform to spur exports, connect with stakeholders
Updated On : 13 Jun 2024 | 11:50 PM IST

Changing terms of trade

India must aim to boost export share

Changing terms of trade
Updated On : 12 Jun 2024 | 10:21 PM IST

India seeks arbitration proceedings with Aus under WTO rules on services

India has sought arbitration proceedings under the WTO rules against Australia to resolve an issue with regard to services sector, as it could impact New Delhi's trade in services, an official said. The official said India has already communicated to the World Trade Organisation (WTO) regarding its request for arbitration on the issue. On November 17, 2023, Australia notified to the secretariat of the WTO about its intention to modify its schedule of specific commitments under the GATS (General Agreement on Trade in Services) to incorporate additional commitments relating to services domestic regulation. GATS is a WTO agreement that came into force in 1995. India is a member of the Geneva-based organisation since 1995. WTO is a global tarde watchdog and adjudicates trade disputes among member nations. As an "affected member", India has stated that Australia's intended modification of its specific commitments does not satisfy certain conditions, the official said. "Thereafter... In

India seeks arbitration proceedings with Aus under WTO rules on services
Updated On : 06 Jun 2024 | 12:30 AM IST

Georgia reaches out to India to begin free-trade agreement talks

India and Georgia have discussed the possibility of a trade deal for over seven years now

Georgia reaches out to India to begin free-trade agreement talks
Updated On : 01 Jun 2024 | 12:36 AM IST

Trade with Pak key poll issue; will benefit farmers: Amritsar traders

For the traders and industry in Amritsar, resumption of trade with Pakistan through the Attari-Wagah land route is a key poll issue. They say reviving cross-border trade will also benefit farmers, transporters and labourers. The volume of trade between India and Pakistan through the land route used to be around Rs 5,000 crore per annum before the bilateral trade ties were suspended in 2019. Resuming trade with Pakistan will not only boost the economy of Amritsar but it will also create more employment opportunities, the traders said. The local industry has made it clear to the candidates of all major political parties that the revival of trade was necessary for the betterment and development of Amritsar. Amritsar along with 12 other parliamentary constituencies of Punjab will go to polls in the final round of the seven-phase Lok Sabha elections on June 1. "The government must resume trade with Pakistan because in Amritsar there is no manufacturing industry," said Amritsar-based ..

Trade with Pak key poll issue; will benefit farmers: Amritsar traders
Updated On : 21 May 2024 | 10:29 AM IST

What lies ahead for the India-EFTA countries free-trade agreement?

India's interest in trade and economic partnership with EFTA countries stems from the expertise of affluent member-nations in precision technology, and India's appetite for foreign direct investment

What lies ahead for the India-EFTA countries free-trade agreement?
Updated On : 19 May 2024 | 11:41 PM IST

Digital Competition Bill may hinder investments in tech startups: IAMAI

The Digital Competition Bill seeks to further regulate large digital enterprises, including news aggregators, as part of efforts to ensure a fair competition in the digital spaces

Digital Competition Bill may hinder investments in tech startups: IAMAI
Updated On : 16 May 2024 | 11:21 AM IST

Xi's balancing act

China tests EU cohesion on Ukraine and trade

Xi's balancing act
Updated On : 09 May 2024 | 11:10 PM IST

Decoded: How trade deals are ratified by India's partner countries

Trade experts said that Indian government officials generally reach out to their counterparts to discuss any major concern flagged by the trade partner's Parliament during FTA negotiations

Decoded: How trade deals are ratified by India's partner countries
Updated On : 08 May 2024 | 9:52 PM IST

Best of BS Opinion: Prioritise trade, Troubled spice route & more

Here is the best of Business Standard's opinion pieces for today

Best of BS Opinion: Prioritise trade, Troubled spice route & more
Updated On : 07 May 2024 | 6:30 AM IST

Prioritise trade

New markets and harmonised regulations necessary

Prioritise trade
Updated On : 06 May 2024 | 8:58 PM IST

Govt working on global trade ahead of World Bank business ready report

With the World Bank planning to come out with its first Business Ready report in September this year, the commerce ministry has started working on the international trade topic in detail to further push India's ranking, an official said. Business Ready (B-READY) is the World Bank's new flagship report benchmarking the business environment and investment climate in most economies worldwide. The report assesses the regulatory framework and public services directed at firms, and the efficiency with which regulatory framework and public services are combined in practice. The first B-READY report will be launched on September 25, 2024. The Business Ready report is replacing the World Bank Group's earlier Doing Business index. In 2020, the World Bank decided to pause the publication of its Doing Business report following a number of irregularities regarding changes to data in previous reports. The new focuses on 10 topics covering the lifecycle of a firm in the course of starting, ...

Govt working on global trade ahead of World Bank business ready report
Updated On : 05 May 2024 | 2:24 PM IST

India, Australia to speed up trade deal after Lok Sabha elections

India, Australia trade deal may include deeper market access and outcomes in digital trade & goods

India, Australia to speed up trade deal after Lok Sabha elections
Updated On : 04 May 2024 | 12:14 AM IST

India's spice exports at potential risk, needs urgent action: GTRI

India needs to address the quality issues with urgency, the think tank said

India's spice exports at potential risk, needs urgent action: GTRI
Updated On : 01 May 2024 | 6:50 PM IST

LS polls: Makhana traders demand policy refit for opportunity pop-up

Returning entrepreneurs hamstrung by inadequate policy measures

LS polls: Makhana traders demand policy refit for opportunity pop-up
Updated On : 01 May 2024 | 12:40 AM IST

Export figures for FY04, FY14, and FY24 show interesting trends

A look at the destination of our exports shows that our shipments to our neighbours in South Asia at 5.8 per cent have stagnated in the past 10 years

Export figures for FY04, FY14, and FY24 show interesting trends
Updated On : 28 Apr 2024 | 11:05 PM IST

Trade fragmentation

India must adjust to emerging trends

Trade fragmentation
Updated On : 25 Apr 2024 | 2:59 AM IST