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24 Jan

Exporters seek support measures in Budget to boost shipments

Exporters have demanded support measures, including enhanced allocations for RoDTEP scheme, high import duty on plastic finished goods, setting up of an Indian shipping line and reinstating exemption for duty free import of critical inputs for leather products, in the forthcoming Budget to promote growth of the country’s outbound shipments. They have also suggested fiscal […]

23 Jan

Ecuador: Las importaciones crecen con más fuerza que las exportaciones

El aumento en valor de las importaciones responde, sobre todo, a un mayor gasto en los rubros de combustibles y materias primas. La balanza comercial no petrolera será deficitaria.   Las importaciones de Ecuador sumaron USD 21.518 millones entre enero y noviembre de 2021, según el Banco Central.   Eso significa una subida en valor […]

21 Jan

India aiming at $500 billion exports for FY23

India has set up a target of USD 500 billion exports for the 2022-23 fiscal, a top government official said on Friday, contending that the COVID-19 pandemic has taught the country to “reimagine” world trade. In December 2021, exports stood at USD 37.8 billion, the highest-ever for any month, Additional DGFT Amiya Chandra said during […]

20 Jan

Maersk comprará LF Logistics de Hong Kong

Maersk está pagando US$3.600 millones por el negocio de logística por contrato de Li & Fung, ya que la línea de transporte de contenedores más grande del mundo trabaja para impulsar sus operaciones terrestres.   Lleno de dinero en efectivo de tarifas de flete de envío récord, el grupo danés busca ir más allá de […]

18 Jan

Erdogan Says Cost Concerns Force U.S. Rethink on EastMed Gas Pipeline

The United States has pulled its support for a subsea pipeline that would supply natural gas from the eastern Mediterrean to Europe because it makes no economic sense, Turkish President Tayyip Erdogan was cited as saying on Tuesday.   Touted as an alternative to help ease Europe’s dependence on Russian gas, the 1,900-km (1,180-mile) project […]

16 Jan

U.S. Import Prices Fall in December on Petroleum Products

U.S. import prices unexpectedly fell in December amid a decline in the cost of petroleum products, adding to signs that the worst of high inflation was probably over.   Import prices dropped 0.2% last month, the first decrease since August, after increasing 0.7% in November, the Labor Department said on Friday. In the 12 months […]

13 Jan

India, Britain Launch Talks on Free Trade Deal

India and Britain on Thursday launched talks on a free trade deal that is expected to boost bilateral trade by billions of dollars in one of the most ambitious negotiations after Brexit.   Britain’s International Trade Secretary Anne-Marie Trevelyan met with Piyush Goyal, India’s minister of commerce and industry, in New Delhi before formal talks […]