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Red Bull’s manufacturer files case against Nepal in WTO against ban on import of energy drinks

Manufacturer of Red Bull, an energy drink, has filed a case against Nepal at the World Trade Organization (WTO), citing the restriction imposed by the government on the import of the synthetic drink. Following the incident, the WTO has sent a letter to the government showing concern over the issue. Narayan Prasad Regmi, spokesperson for …

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LNG Crisis: Bangladesh govt plans to build USD 2.6 billion LNG import capacity

Notwithstanding the gas crisis, Bangladesh is all set to build liquefied natural gas (LNG) import capacity worth US $ 2.6 billion even if the country was placed 7th on the list of top 10 Asian investors. According to media reports this has been underlined by the US-based Global Energy Monitor (GEN), which in a report …

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Govt Say: Defence, aerospace export up 334% in Last 5 years, now exporting to 75 nations

Painting a mixed picture of defence exports and imports, the defence ministry told Parliament on Monday that foreign procurement in defence has risen to Rs 50,061 crore in 2021-22 from Rs 37,030 crore in 2017-18. Meanwhile, defence and aerospace exports have risen to Rs 12,815 crore from Rs 4,682 crore during the same period. Improvements in innovation The ministry told Parliament …

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Cotton Industry want to removed import duty That’s why operating below capacity

As big farmers and small trade aggregators hoard cotton expecting return of the historically high prices of the previous year, the cotton-based industry continues to operate below its capacity, seeking the removal of import duty. However, a section of the industry thinks that allowing imports may hurt farmers’ sentiments at a time when the industry …

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AEPC Chairman says, Apparel exports arrest fall, rise by 11.7% in November

Apparel exports in November rose by 11.7 per cent to about USD 1.2 billion after declining for the last few months amid global challenges, export promotion body AEPC said on Friday. Apparel Export Promotion Council (AEPC) Chairman Naren Goenka said that exports of ready-made garments (RMG) from India witnessed a rough patch in the past …

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Jaishankar’s savage reply silences Pak journalistin UN; ‘You’re asking the wrong minister’

S Jaishankar, who presided over the ‘UNSC Briefing: Global Counterterrorism Approach: Challenges and Way Forward’, described terrorism as an existential threat to international peace and security United Nations: The world sees Pakistan as the “epicentre” of terrorism, External Affairs Minister S Jaishankar said on Thursday, asserting that the international community has not forgotten where the menace …

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CBIC Makes Exports From Post Office easy for MSMEs

In a bid to use India’s vast network of post offices and enable MSMEs to export to global markets using e-commerce or other regular channels, the Central Board of Indirect Taxes and Customs (CBIC) has notified an automated system for postal exports as per which an exporter will not be required to visit a foreign …

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Government may change textile duty to increase export competitiveness | Union Budget TBI Chairman Says, India’s tea export prospect to G20 nations bright Wheat Ban: India lifts ban on wheat export to Nepal South Korea: lifts ban on import of adult-sized sex dolls | Export Import News Red Bull’s manufacturer files case against Nepal in …

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