General

Chennai: Port Wings News Network: WTO members discussed concerns over the sustainability of palm oil production and trade at the 15 May meeting of the Committee on Trade and Environment. Delegates from both exporting and importing economies highlighted the need to safeguard the environment while exploring the sector’s employment and …

New Delhi: Port Wings News Network: The High-Level Committee (HLC) constituted by the Government of India to examine the issues relating to preparation of action plan to create synergy among R&D Centres of Oil & Gas PSUs; tax issues and ways to benefit from GST by the Oil & Gas …

New Delhi: Port Wings News Network: Reacting to the April, 2019 trade data, FIEO President, Mr Ganesh Kumar Gupta said that the export data of USD 26.07 billion with a growth of 0.64 percent is not at all encouraging as almost all the labour-intensive sectors including leather & leather products, …

New Delhi: Port Wings News Network: The WTO Ministerial Meeting of Developing Countries concluded in New Delhi today. The Ministerial Meeting began last evening with a dinner hosted by the Union Minister of Commerce & Industry and Civil Aviation, Suresh Prabhu. The Director General of WTO, Roberto Azevedo, was also …

New Delhi: Port Wings News Network: Central Board of Indirect Taxes and Customs (CBIC) is organising a meeting of the Regional Heads of Customs Administration of Asia Pacific Region of the World Customs Organisation (WCO) in Kochi from 08th to 10th May, 2019. India is hosting this meeting in its …

New Delhi: Port Wings News Network: Commerce Secretary, Dr.Anup Wadhawan, welcomed senior officials of participating delegations from Developing and Least Developed Countries (LDCs) who are meeting in New Delhi over two days to discuss key issues and challenges facing the multi-lateral trading system. Speaking at the inaugural session, Commerce Secretary …

New Delhi: Port Wings News Network: Commerce Secretary, Anup Wadhawan and Vice Minister, General Administration of Customs of China (GACC), Li Guo, held a meeting in New Delhi recently to discuss trade related issues of pending Indian request for clearance of agricultural products. According to a media statement, both sides …

New Delhi: Port Wings News Network: The total gross GST revenue collected in the month of April, 2019 is Rs 1,13,865 crore of which CGST is Rs 21,163 crore, SGST is Rs 28,801 crore, IGST is Rs 54,733 crore (including  Rs 23,289 crore collected on imports) and Cess is Rs …

Mumbai: Port Wings News Network: To attract new entrepreneurs in exports and bridge the gap of availability of qualified skilled manpower in Exim trade,  Federation on Indian Export Organisations (FIEO) signed a MoU with Prin. L N Welingkar Institute of Management Development & Research, (WeSchool) Mumbai to launch a Post …

Chennai: Port Wings News Network: The all India Readymade Garment exports recorded Rs.1,12,715 Crore in 2018-19 against Rs.1,07,679 Crore achieved in 2017-18, with a  positive growth of 4.7% revealed by Ministry of Commerce and Industry. In a press release, Shri. Raja M Shanmugham, President said the knitwear exports from Tirupur …

New Delhi: Port Wings News Network: Reacting to the overall merchandise exports figures for the FY 2018-19, Mr Ganesh Kumar Gupta, President, FIEO said that amid slowing global trade, India’s exports registered an all-time high of USD 331 billion for the fiscal with a growth of 9.06 percent as against …

Chennai: Port Wings News Network: Director-General Roberto Azevêdo joined with IMF Managing Director Christine Lagarde and World Bank CEO Kristalina Georgieva on 10 April to argue for renewed efforts to leverage trade as a force to reduce poverty. DG Azevêdo argued that the current trade tensions could undermine recent progress …

New Delhi: Port Wings News Network: Enhanced trade facilitation and lower tariffs between India and EU have potential to boost bilateral trade from USD 141 billion (2017-18) to USD 200 billion by 2022, said Industry Body PHD Chamber of Commerce and Industry in a press statement issued here on 5 …

Chennai: Port Wings News Network: The Executive Directors of the World Bank today unanimously selected David R. Malpass as President of the World Bank Group for a five-year term beginning on Tuesday, April 9, 2019. The Board expressed its deep gratitude to Interim President Kristalina Georgieva for her dedication and …

Chennai: Port Wings News Network: Mr Ganesh Kumar Gupta, President, FIEO along with DG & CEO and Regional Chairman (WR) met Mr Kamal Nath, Chief Minister of Madhya Pradesh to discuss about exports potential of the State and attract exports centric FDI in pharma, auto components, machineries, textiles, processed agriculture …