New Delhi, July 17 (IANS) India’s merchandise export growth remained strong in June at 15.5 per cent year‑on‑year ($40.4 billion) but eased on a monthly basis, a report said on Friday.The merchandise export growth was 18 per cent in May as petroleum exports nearly halved, widening the goods trade gap, the report from Crisil Ratings said.On the export front, agricultural shipments performed well in June, mainly on account of a supportive base.Rice exports grew 16.5 per cent on-year, while e…
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Ahmedabad, July 15 (IANS) Ahmedabad marked the operational launch of exports under the India-United Kingdom Comprehensive Economic and Trade Agreement (CETA) on Wednesday as the first export consignment from the region destined for the United Kingdom was flagged off from the Inland Container Depot (ICD) at Sanand, signalling the start of preferential tariff trade under the agreement that came into force on July 15. The consignment, valued at more than Rs 3.07 crore, comprised cargo from seven ex…
New Delhi, July 15 (IANS) Export consignments worth over $140 million were dispatched on the first day of the landmark India–United Kingdom Comprehensive Economic and Trade Agreement (CETA) coming into force on Wednesday.A formal inauguration event to mark the entry into force of CETA was held at Vanijya Bhawan here. The function was attended by British High Commissioner to India Lindy Cameron, Commerce Secretary Rajesh Agrawal, Director General of Foreign Trade, representatives of Industry Ex…
New Delhi, July 15 (IANS) The India-UK Comprehensive Economic and Trade Agreement (CETA), which came into effect on Wednesday, will open up new opportunities for Indian exporters, deepen technology partnerships and enhance the country’s global competitiveness, leading industry chambers said on Wednesday.Marking the implementation of the trade pact, PHDCCI released a research report titled ‘India–UK CETA: A Strategic Guide to Export Opportunities and Market Access’, providing an assessment of t…
Mumbai, July 15 (IANS) The India–United Kingdom Comprehensive Economic and Trade Agreement (CETA), which came into effect on Wednesday, is expected to provide a major boost to India’s exports, employment and services sector by offering near-complete tariff-free access to the UK market, World Trade Centre (WTC) Mumbai Chairman Vijay Kalantri said on Wednesday.Welcoming the implementation of the agreement, Kalantri said nearly 99.5 per cent of the value of India’s exports to the UK would now enj…
New Delhi, July 15 (IANS) Union Commerce and Industry Minister Piyush Goyal on Wednesday said the India-UK Comprehensive Economic and Trade Agreement (CETA) has come into force under the leadership of Prime Minister Narendra Modi, calling it a defining milestone in bilateral ties.In a post on X, the minister said the India-UK CETA, along with the Agreement on Social Security has become operational, providing zero-duty market access for nearly 99 per cent of India’s exports and covering almost 10…
New Delhi, July 14 (IANS) The India-UK Comprehensive Economic and Trade Agreement (CETA) will come into force on Wednesday, paving the way for cheaper British goods in India while granting Indian exporters near-total duty-free access to the UK market.Under the pact, tariffs on a wide range of British products — including Scotch whisky, gin, chocolates, biscuits and cosmetics — will begin declining from July 15. However, duty reductions for several items will be phased in over the coming years….
New Delhi, July 13 (IANS) Despite global headwinds, India’s total exports (merchandise and services) reached $232.73 billion during the April-June period (Q1 FY27), registering a positive growth of 11.37 per cent, the Commerce Ministry data showed on Monday.Merchandise exports during the April-June period were $129.32 billion, compared to $111.57 billion during April-June in FY26. The merchandise trade deficit during April-June FY27 was $86.86 billion compared to $68.75 billion during the same…
New Delhi, June 19 (IANS) India and Uzbekistan on Friday agreed to deepen trade ties, address the issue of non-tariff barriers and work towards doubling bilateral trade in the next three years, according to a statement issued by the Ministry of Commerce and Industry on Friday. Rajesh Agrawal, Department of Commerce Secretary, co-chaired the 14th Session of the India-Uzbekistan Intergovernmental Commission on Trade, Economic, Scientific and Technological Cooperation with Shokhrukh Gulamov, Deputy…
New Delhi, May 22 (IANS) Commerce and Industry Minister Piyush Goyal on Friday co-chaired a meeting with Minister of Ports, Shipping and Waterway, Sarbananda Sonowal, to directly engage with India’s exporters, importers and port authorities to facilitate the smoother flow of trade amid the disruption in ship movement and uncertainties in global markets due to the Middle East conflict.“We are committed to ensuring coordinated, time-bound measures to address concerns and create opportunities to …