Export Import

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Medicines Ban: Nepal ban import of medicines from 16 Indian companies, including Patanjali’s, Zydus

The Nepal government has said that it would not import medicines manufactured by 16 Indian companies, including Patanjali’s Divya Pharmacy, Zydus Lifesciences, for failing to keep up with the World Health Organization’s (WHO) good manufacturing practices. The move comes after the WHO issued an alert on Indian-made cough syrups, which were allegedly responsible for the …

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Wheat Ban: India lifts ban on wheat export to Nepal

India has lifted the ban it had enforced on export of wheat to Nepal some five months ago. On Thursday, India issued a permission to import 50,000 tons of wheat. Traders say the import of the wheat was, however, continuing in a clandestine way. Arguing that there was a sudden spike in the price of …

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India, Bangladesh discuss trade settlement in rupee, free trade agreement

India, Bangladesh discuss trade settlement in rupee, free trade agreement

Union minister of Commerce and Industry Piyush Goyal and his Bangladeshi counterpart Tipu Munshi discussed the settlement of trade in Indian rupees in New Delhi on Thursday. The two countries will also likely develop a free trade agreement (FTA) soon. “A joint feasibility study on a Comprehensive Economic Partnership Agreement (CEPA) has been carried out after the …

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Coal India Imports 3.58 Lakh Ton Coal From Indonesia

Coal India Ltd (CIL) has imported approximately 3.58 lakh tonne of coal from Indonesia, the Parliament was informed on Monday. “Approximately 3.58 lakh tonne of coal has been imported by Coal India Limited (CIL) from Indonesia through the vendor namely M/s GHV-BDE-DIL (JV) during this year on behalf of Thermal Power Plants (TPPs) of State …

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Malaysia Shortage: import up to 10 million chicken eggs daily from India

The Ministry of Agriculture and Food Security (MAFS) has agreed to temporarily allow the import of chicken eggs from foreign countries, adding that the decision will be reviewed when the domestic supply stabilizes. In a statement issued on Friday (Dec 16), MAFS said that the move was taken to overcome the egg supply shortage facing …

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CAMPCO urges Centre to restrict arecanut imports via India – Bhutan Border

BY Raghavendra, Lok Sabha member from Shivamogga district in Karnataka, urged the Centre December 15, 2022 to levy a hefty import duty on arecanut to check falling prices in the domestic market.  The country’s arecanut farmers are faced with an unfair challenge as imports of cheaper varieties, especially from Bhutan, flooded the domestic markets and …

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Indonesia confirms bauxite export ban to proceed as scheduled

Indonesian President Joko Widodo on Wednesday confirmed an export ban for bauxite starting in June next year as scheduled, to encourage domestic processing of a material used as the main ore source of aluminium. The resource-rich nation has surprised markets with its commodity exports policies, including brief but controversial bans earlier this year on shipments …

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Bangladesh increased import duty: Crushes Indian orange farmers’ hopes by trebling import duty

“The import duty on kinnow in Bangladesh has been increased from Rs 30 to Rs 62 per kg. During the past six months, Bangladesh has gradually increased the anti-dumping duty and import duty on the import of fruits and vegetables from India. The suspension of kinnow fruit supply to Bangladesh due to increased anti-dumping and …

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Tipu Munshi: Bangladesh commerce minister to visit India this week

With focus on deciding the negotiation roadmap for India-Bangladesh Comprehensive Economic Partnership Agreement (CEPA), Bangladesh’s commerce minister Tipu Munshi will be on India visit next week. He will hold talks with Indian trade minister Piyush Goyal on 22nd and 23rd December during the visit. Both countries have already finalised a Joint Feasibility Study when it …

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Bangladesh: Home textile export dropped in July-November

Thanks principally to fall in orders from the global buyers, Bangladesh’s home textile exports, in the first five months of the current fiscal year (FY) 2022-23, have declined. This is as per media reports, which citing data from the country’s Export Promotion Bureau (EPB), maintained home textiles fetched US $ 518.63 million during the July-November …

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