Export Import

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

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

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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

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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

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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

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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

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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

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“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

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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

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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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Dubai Trade, DCC ‘single window’ will enable for re-exporters in Dubai

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Dubai Trade and Dubai Chamber of Commerce have simplified trade services for exporters and re-exporters by providing membership and Certificates of Origin (COO) services through the Dubai Trade portal.  A COO determines the origin of exported or re-exported goods and helps estimate customs tariffs, as it contains the basic data on trade shipments. Dubai Trade’s …

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Seamless imports of agricultural equipment to boost food security: UAE

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Dubai: The Ministry of Climate Change and Environment (MoCCAE) and Dubai Customs recently held a meeting to ensure food security by empowering the agricultural sector through facilitating the import of agricultural equipment and machinery. In attendance during the meeting were Mohammed Mousa Al Ameeri, MoCCAE sssistant under-secretary of Food Diversity Sector; Fatima Obeid Al-Kalbani, head …

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