New Delhi: India has begun looking at several products where taxes on input items are higher compared to the finished goods as part of a comprehensive review of its trade pact with the 10-member Asean to correct several anomalies that have undermined domestic manufacturing. Imbalances in import duties, rules of origin, and non-tariff barriers will … Read more
The rush for free trade agreements (FTAs) is real. A decade and a half after economist Jagdish Bhagwati infamously dubbed preferential pacts as termites in the global trade system, the world is seeing an uptake in bilateral pacts, taking the momentum away from multilateralism. India, too, is aligned with the prevailing trend. After a long … Read more
New Delhi: India is drawing up a list of market access and non-tariff barriers(NTBs) hurting its goods and services exports and would take them up with the respective trade partners as it seeks to give a fillip to outbound shipments. The commerce department has begun the exercise with barriers such as registration requirements, higher pesticide … Read more
New Delhi: Robust exports performance in electronic goods, particularly smartphones, and services sectors will help India contain the fall in growth rate of overall trade, which is expected to decline by 2.6 per cent in the current year, a report said. Economic think tank Global Trade Research Initiative (GTRI) in its report said that despite … Read more
