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 ieport Home : ieport Daily News Home : December 2006
The Geneva-based International Trade Centre, the technical co-operation agency of the WTO/Unctad, has suggested that the Indian textile industry look at sourcing specific varieties of cotton from Africa.India's textile houses could also make use of the special... (Read Article)
In a significant bid to step up trade and investment flows, India and the European Free Trade Association (EFTA) bloc, comprising the member-countries of Switzerland, Norway, Liechtenstein and Iceland, on Friday set up a Joint Study Group (JSG) to explore the... (Read Article)
"What we are doing is to see what we can do sector-by-sector to deepen and strengthen the bilateral trading relationship. This is what we have done with other trading partners before we launched something like an FTA... " - MR KARAN K. BHATIA, DEPUTY US TRADE... (Read Article)
The government has stopped a cotton consignment from India at the Wagah border and the textile industry has strongly criticized the decision, a senior government official said on Monday.He said the step is beyond comprehension since the government has recently... (Read Article)
India and France on Monday agreed to settle a row over the European Union’s (EU) allegation of high import duties on wine and spirits in India through a dialogue soon.The EU had dragged India to the World Trade Organisation last month, saying India's high import... (Read Article)
The US is trying to find a mutual solution with India on the controversy over levying of anti-dumping duty on shrimp exports.The issue involves Indian exporters paying anti-dumping duty ranging from 4.94 per cent to 15.36 per cent for shipments to the US.The... (Read Article)
There are times when being cryptic and responding to letter and not spirit of a Parliament question suits the Government better.On Monday, three Lok Sabha MPs - Mr Avtar Singh Bhadana, Mr Aaron Rashid and Dr Rajesh Mishra - raised an un-starred question on... (Read Article)
THE SPECIAL Economic Zones (SEZs) controversy has reached the Supreme Court. On Monday, a court bench issued notices to the central government and the governments of Uttar Pradesh, Rajasthan and Haryana, on a public interest petition challenging the setting... (Read Article)
Final decision in 2007; Indian exporters among those likely to benefitIndia, currently, has to pay anti-dumping duty to the tune of 10.17 pc and execute a bond of the same value.The favourable verdict was returned to eight major shrimp importers into the US.The... (Read Article)
India emerged as Dubai's largest export destination while diamonds, precious stones and precious metals topped the emirate's non-oil imports in the first nine months of 2006.Dubai's non-oil direct trade reached 231 billion dirhams ($62.89 billion) in the January-September... (Read Article)
The steel prices are expected to fall from the next financial year as government may announce import duty cut on its inputs. While iron ore and stainless steel scrap may be exempted from Customs duty, import of re-rolable scrap and ferro nickel would be cheaper... (Read Article)
There were some difficulties in export and import through Nathula Pass during the period from 6.7.2006 to 27.7.2006.Export and import was not allowed without valid Import-Export Code in Terms of Para 2.2 of Foreign Trade Policy read with Para 2.8 of Handbook... (Read Article)
The anti-dumping battle against the import of Chinese silk has ended after Chinese firms agreed on minimum prices, industry sources said here on December 12.After the one-and-a-half year anti-dumping case, China will sell silk fabrics at minimum prices, ranging... (Read Article)
Japan may funnel more than $10 billion in foreign institutional investment into the Indian markets in the coming year, the Commerce Minister, Mr Kamal Nath, said today.Speaking to the media on board the special Air India aircraft bringing home the Prime Minister... (Read Article)
Kakinada(AndhraPradesh) Dec. 15; The East Godavari district administration is going ahead with land acquisition for the proposed port-based special economic zone, even though there is uncertainty over the setting up of a refinery by the ONGC - the main project... (Read Article)
Even the best of government policies rarely satisfy the intended beneficiaries, especially the vocal corporate sector. So, it is perhaps surprising that the year 2006 saw a scheme over which all business houses - big and small alike - were falling head over... (Read Article)
NCAER to enlarge trade basket from NathulaAdd to ClippingsPTI[ SUNDAY, DECEMBER 17, 2006 09:30:37 AM]The government has asked economic think tank NCAER to identify additional items that could be traded through Nathula pass in Sikkim to boost trade between India... (Read Article)
India has justified the continuation of the generalised system of preferences (GSP) regime, a duty-free trade benefit made available to developing countries, as the US reviews the programme for the next year.The justification comes as the US has written to... (Read Article)
The Union Cabinet on Monday gave its nod for sugar exports to those advance licence holders, who have pending export obligations. The sugar stock now is more than 70 lakh tonnes, which is 24 lt more than the buffer requirement. The Union Information and Broadcasting... (Read Article)
The Prime Minister, Dr Manmohan Singh's delegation that went to Japan last week immensely enjoyed the attention and the adulation they received from their hosts. When Dr Singh spoke to the Diet, Japan's Parliament, his 25-minute speech was punctuated by applause... (Read Article)
Sixty-eight per cent of the companies feel that the next six months would see their export levels improve, according to a survey conducted by industry chamber FICCI. There is all-round optimism amongst the exporting community with 85 per cent of the respondents... (Read Article)
In a bid to provide a major stimulus to manufacturing sector growth, the West Bengal Government has decided to set up an exclusive auto components SEZ, the land for which was now being identified.Speaking at the Engineering Export Promotion Council (EEPC) awards... (Read Article)
The government said on Tuesday that the next two months would be crucial for the multi-lateral trading system, as any further delay would push the conclusion of Doha round of World Trade Organisation (WTO) further by two years."If there was no deal on the table... (Read Article)
Indian tea exports were slowly picking up due to better offtake by countries like Pakistan and Iraq, a Tea Board official said.During January to October, the total quantum of exports from India were to the tune of 150.82 million kilograms valued at Rs 1357.08... (Read Article)
Prime Minister Manmohan Singh has cautioned that the Doha round of global trade talks cannot succeed if it did not remain true to its original mandate of being a development round. "We cannot continue to live in a world of butter mountains and rivers of milk... (Read Article)
The European Union (EU) is considering hosting a mini-ministerial meeting of select World Trade Organisation (WTO) members including India, the US, Brazil, Japan and Australia ahead of the bigger meet planned on the sidelines of the World Economic Summit in... (Read Article)
India will overtake China next year as the world’s fastest-growing major economy on rising consumer and government spending, Credit Suisse's chief Asia economist Dong Tao said.Credit Suisse raised its 2007 growth forecast for India's $775 billion economy, Asia's... (Read Article)
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