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 »
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 »
India and Australia have signed a trade agreement that allows India to import coal from Australia at a 0% customs duty, which means it will be cheaper for the Indian power sector to buy coal from Australia. This is the first time Australia has offered any country preferential access. The agreement also allows 96% of …
India and Australia Sign Trade Agreement for Duty-Free Coal Import Read More »
The 13th edition of the Mega Cargo Show is set to take place on February 8th and 9th, 2023, at the Bombay Exhibition Centre in Mumbai, India. Mega Cargo Show 2023 This international exposition and conference bring together the cargo industry under one roof, providing a platform for attendees to discuss trends and issues in …
