In today’s US$ 3 trillion global digital economy, data is as valuable as the goods shipped across borders. With over 60% of cross-border trade involving personal data, the risk of misuse and breaches is higher than ever. To address this, the EU introduced the General Data Protection Regulation (GDPR) in...
The EU’s Corporate Sustainability Due Diligence Directive (CSDDD), effective from July 2024, mandates large companies to prevent and address human rights and environmental risks across global supply chains. While not directly targeting Indian firms, the directive indirectly impacts exporters, especially SMEs, who must align with stricter EU compliance standards. Image...
As global trade dynamics undergo a seismic shift, India finds itself at a strategic crossroads. With the United States currently its largest export destination, India’s trade profile remains deeply reliant on a single market. But as economic and geopolitical uncertainties cloud transatlantic commerce, the need for diversification has never been...
India and the European Union have begun the 10th round of Free Trade Agreement negotiations, aiming to finalize the pact by the end of 2025. Key issues include agricultural trade, tariff reductions on wines and automobiles, and market access for services. Both sides are also addressing challenges such as digital...
European Union is cracking down on goods made with forced labor. These new rules would empower customs authorities in EU countries to take products off the market, if they are found to have been made using forced labor. Primarily focusing on China, they address mounting evidence indicating Beijing’s utilization of...
The Corporate Sustainability Due Diligence Directive (CSDDD), the draft European Union (EU) regulation aims to foster sustainable & responsible corporate behaviour and restrain corporate abuses. Even as India is still discussing the Carbon Border Adjustment Mechanism (CBAM) and EU Deforestation Regulation (EUDR) in FTA talks with the EU, the due...
India and the European Union (EU) have jointly urged the World Trade Organisation (WTO) to postpone the implementation of a ruling against India’s import duties on certain Information and Communication Technology (ICT) products until September 19, 2023. Image Source: WTO An interesting development has come up pertaining to the WTO...
The European Union has recently introduced the European Union Deforestation-Free Products Regulation (EUDR). The regulation will have an impact on approximately 479 items that are exported by India, including products such as meat, leather hide, wood furniture, paper, and coffee. These exports are estimated to be worth around $1.3 billion...
While developed countries have traditionally been stringent on maximum residue limit or MRL norms, the same are now being adopted in bits and pieces by some developing countries. This is leading to stoppage in shipments and general panic among the exporting community. In the long term, it can cause serious...
Governments across the world are aggressively adopting solar energy as the resource of the future. But given the harmful side effects of the technology in the form of waste and the practices adopted by traders, there is a need for stringent regulation of industry. IRENA notes that of the myriad...
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