India to partially open up Poultry and Diary Markets to imports from US

Ahead of President Trump’s visit by the end of February 2020, GoI has announced that it is to partially open the poultry and Diary market to imports from US. Highlights India will now allow imports of US turkey, chicken legs ..

Month: Current Affairs - February, 2020

Trade Deficit with China declines Marginally in 2019

As India’s biggest single or bilateral trade deficit is with China over the last few decades which reached USD 58.04 billion in 2018, The Vice Minister of General Administration of Customs of China, Zou Zhiwu informed that the Indian marine ..

Month: Current Affairs - January, 2020

India to set strict restrictions on non-essential imports from China

Ministry of Commerce and industry has announced that 371 items from China will get strict restriction from March 2020. The move aims at curbing imports of non-essential items such as plastic goods, toys, furniture, sports. Highlights The rules are to ..

Month: Current Affairs - January, 2020

India withdraws from RCEP

On November 4, 2019, India decided against joining Regional Comprehensive Economic Partnership (RCEP) trade deal as India did not receive any credible assurance on market access and non-tariff barriers. This paved way for the other 15-members to go ahead and ..

Month: Current Affairs - November, 2019

How India can reap the benefits of US-China Trade War?

The report from the Ministry of Commerce and Industries provides insights about the opportunities for India from the US-China trade war: The ongoing US-China trade provides a big window of opportunity to India for enhancing its exports for both of ..

Strategy Paper of Ministry of Commerce to bridge Trade Deficit with China

The Strategy Paper of the Ministry of Commerce has outlined measures to bridge the trade deficit with China. India’s Trade Deficit with China Over the last decade, India’s trade deficit with China had increased rapidly. But the deficit narrowed in ..