Import/Export Industry Notifications

Private terminal operators seek revival measures as policy changes clip cargo. A lobby group of Indian private terminal operators has sought the government's policy intervention to permit single cargo handling terminals to handle multi commodities at major ports.

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The second wave of Covid has unfortunately dampened the spirits of the cashew processing sector. It was looking forward to a better 2021 after being battered by the first wave last year.

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The Embassy of India in Jakarta has issued a statement saying reports that Indonesia had suspended the import of frozen boneless buffalo meat were 'false propaganda.' Bulog, the meat buying arm appointed by the Indonesian Government, represents 80% of buffalo imports.

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APEDA's 2nd #VirtualTradeFair will be from 27-29 May 2021. Live at: vtf.apeda.gov.in.

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FIEO signed an MoU agreement with The Chamber of Commerce & Industry, Burkina Faso, in 1993 to strengthen the India-Burkina Faso partnership and increasing business connections.

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The government will likely retain certain essential export schemes, such as those relating to special economic zones (SEZs) and export-oriented units, in the next foreign trade policy as well. Even though these programmes have been challenged at the World Trade Organization (WTO), sources told FE. However, any new scheme within the FTP will be designed in sync with WTO stipulations, one of the sources said.

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Despite constant government push over the past 5-years to increase exports of high-value manufactured goods across major markets, India’s export basket remains dominated by the commodities category.

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Many safety measures are being taken by Syama Prasad Mookerjee Port (formerly Kolkata Port Trust or KoPT) to avoid loss of lives and damage of vessels in Yaas. The cyclone is predicted to hit Bengal next week.

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India may impose anti-dumping duty on Phthalic Anhydride imported from China, Indonesia, South Korea, and Thailand on the basis of an application filed by IG Petrochemicals Limited, SI Group India Private Limited, and Thirumalai Chemicals. The Directorate General of Trade Remedies under the commerce and industry ministry has recommended a duty between $40.08- 140.17 per MT on the imports of the chemical intermediate used in the plastic industry.

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