The Prime Ministers of Poland and Romania have requested the European Commission to establish a tracing mechanism for Ukrainian grain exports to prevent local farmers from being adversely affected by an influx of cheaper imports. Due to Russia’s invasion of Ukraine over a year ago, Ukrainian grain exports have been forced to find alternative routes …
The Indian government has allowed the export of 3.5 lakh tonnes of broken rice to Gambia and Senegal, previously banned since September 8, 2022, on special considerations. India has allowed the export of 3.5 lakh tonnes of broken rice to Gambia and Senegal, which were banned since September 8, 2022. The Ministry of Commerce has …
India permits exports of 3.5 lakh tonnes of broken rice to Gambia and Senegal Read More »
According to an official, India’s exports to the UAE are expected to reach an all-time high of $32 billion this year. The increase in exports is part of the Comprehensive Economic Partnership Agreement (CEPA) between the two countries, which also includes plans to integrate customs and logistics portals for real-time tracking of shipments. This will …
India expects to record exports of $32 billion to the UAE this year Read More »
Free Trade Zones (FTZs) were created in China for several reasons, mainly to boost economic growth and development, attract foreign investment, and promote international trade. Free Trade Zones China Some of the key motivations behind their establishment include: Economic reform and opening up: FTZs were part of China’s strategy to open up its economy to the …
India: India’s attempt to take over China’s place as a major exporter is facing challenges as it needs to be competitive in global supply networks. Multinational companies looking for a “plus one” in their “China plus one” production strategy have turned to India, especially given the high-end Apple iPhone production expansion last year. Prime Minister Narendra …
India’s Struggle to Fill China’s Shoes in Global Supply Networks Read More »
Commerce and Industry Minister Piyush Goyal has urged the electrical industry to set big export targets, citing the sector’s potential for growth. At an industry event, Goyal praised the sector for its $10 billion exports and encouraged it to increase to $25 billion over the next five years. He also suggested that the industry organize …
India: According to industry officials, India is expected to handle the restrictions on palm oil exports from Indonesia. Indonesia has announced plans to limit its palm oil exports to secure domestic supply, but India is well-prepared for this change. India has increased its edible oil imports in the past three months, reaching a record high …
India Ready to Handle Indonesia’s Temporary Palm Oil Export Restrictions Read More »
China: China’s currency, the Yuan, has fallen to its lowest point in five weeks due to concerns about Asia’s export growth and upcoming U.S. inflation data. South Korea’s export data showed an 11.9% increase from last year but a decrease in exports per working day of 14.5%. This has harmed the Yuan, as well as …
China’s Yuan Hits 5-Week Low on South Korea Export Data Read More »
According to Governor Kay Ivey, Alabama has set a new annual record for exports, reaching over $25.5 billion in 2022. The value of exports in Alabama increased by 22% compared to the previous year, marking an almost 47% rise since 2020. The success of Alabama’s exports is due to rising overseas shipments of vehicles, aerospace …
Alabama Breaks Annual Export Record with $25.5 Billion in Sales Read More »
The Indian government launched the National Logistics Policy, a crucial plan for the development of the logistics sector in the country. The policy aims to reduce India’s logistics costs from 13-14% of gross domestic product to a single digit by 2030 and to improve the country’s ranking in the World Bank’s Logistics Performance Index, making it …
India Launches National Logistics Policy to Boost Economic Growth Read More »
