Page 2 - Indian Export News Today

Contracts have been renegotiated so that exporters and importers share the increase in freight costs and pass them on to customers

Indias merchandise trade in December grew by 1% to $38.45bn, with import declines contributing to a reduced trade deficit, according to the commerce ministry. The disruption in the Red Sea trade route caused by Houthi rebels in Yemen affected 80% of Indias merchandise trade with Europe. While the first nine months of the 2023-24 financial year saw a 5.7% decrease in exports to $317.12bn, the commerce secretary said the three months to March were typically stronger for trade. The government hopes...

India stares at increased costs of some commodities and disruption to its energy supplies if the crisis in the Red Sea continues to escalate in the coming days

The project is crucial as India and the UAE aim to double their non-petroleum trade target to $100 billion by 2030 as part of the Comprehensive Economic Partnership Agreement (CEPA), which came into effect last year. The complex is to be set up in Jebel Ali Free Zone (JAFZA), a DP World company.

They said that the present situation is not alarming but if the illness spreads to other parts of the globe, it will have an impact on world trade as China is a hub of global manufacturing and exports.

Nord France Invest the investment promotion agency for Northern France willreturn to India for the second time in two years on a visit led by Artus Galiay HautsdeFrance Representative to the United KingdomIrelandIndia.

If the rupee depreciates about 10% and the import content in the product being exported is 20%, the net gain to exports would be 8%, said industry experts. "One can also get the benefit while negotiating contracts. If an exporter hasnt hedged, then they would get windfall gains during the period of depreciation, but most of the time, inflation nullifies the benefit given by deprecation," said Ajay Sahai, director general, Federation of Indian Export Organisations.

India Business News: India's goods exports have increased for the first time in eight months, driven by pharma and engineering exports. Preliminary data suggests that expo

Russian exporters trading with India through Singapore and Dubai prefer the Chinese currency with greater global acceptance

Commerce and industry Piyush Goyal launched a new initiative to issue IT system based automatic ‘Status Holder certificates to exporters under the Foreign Trade Policy 2023 under which the government will recognise about 20,000 exporters as Status Holders, up from 12,518 exporters recognised earlier.