EXPORT IMPORT NEWS LETTER:
1. Textile body seeks Ministry’s support to tackle readymade imports, help local industry
3. 16th WTO-WIPO colloquium for intellectual property teachers opens in Geneva
4. India's exports grew by 3.93% to $30 billion in May on account of healthy growth in sectors such as chemicals, pharmaceuticals and engineering, according to a commerce ministry data released Friday. Imports too rose by 4.31% to $5.35 billion, widening the trade deficit to $15.36 billion in May
5. Commerce Minister reviews free trade pactsCommerce & Industry Minister Piyush Goyal has reviewed India’s free trade agreements (FTAs) with partner countries such as Japan, South Korea, Sri Lanka and the 10-member ASEAN to identify problem areas for the Indian industry and the opportunities they could offer.
“The Minister reviewed in details the impact of the existing FTAs on the Indian industry and the extent to which the partner countries had gained from it. The idea was to explore if there are ways in which concerns of the Indian industry could be addressed and what should negotiators look out for in future pacts,” a government official told BusinessLine.
6. India responds to US moves at last with tariff hike on 29 US products
7. 50% tariff on US motorcycles by India unacceptable, says US President
8. US Secretary of State says India 'perfect partner', great place to figure out how to grow economies
9. Indian, Chinese officials hold dialogue to break deadlock in RCEP (Regional Economic Partnership) trade negotiations
- India-LAC trade up 20-fold yet since 2002; huge potential untapped: MEA official,
11. Commerce Ministry plans to boost exports through e-commerce
12. Centre removes export incentives for onion
13. Ease in government clearances
14. Electronics manufacturers seek ban on television imports from Vietnam
15. Index Numbers of Wholesale Price in India (Base: 2011-12=100)
