Dr. Arpita Mukherjee, Professor at ICRIER, discusses the key challenges and opportunities in global food security, trade policies, and supply chain resilience. She highlights how disruptions like the COVID-19 pandemic and the Russia-Ukraine war have exposed vulnerabilities in global food supply chains. Emphasizing the need for policy stability, she critiques...
The global economic landscape is marked by a decline in world trade, as indicated by the World Trade Organization’s forecast of slowing trade growth in 2023 due to multiple global economic slowdowns. This challenging environment is mirrored in India, where India’s exporters face challenges, with a slowdown anticipated globally due...
The Plenary Session at India Business and Trade Conclave 2023 featured an engaging and informative panel discussion on global policy scenarios, geopolitical trends and how India needs to address them in its march towards a US$ 2 trillion export economy. A prominent fallout of the pandemic has been the focus...
The new merchanting policy, as mentioned in the Foreign Trade Policy 2023, will now allow trade of restricted items without touching Indian shores. The tweak in policy will be beneficial to merchants, helping them access lucrative opportunities as well as conserve their business interests. Photo Source: Shutterstock New Delhi, April...
Prof Manoj Pant, Director, Indian Institute of Foreign Trade, discusses the trends in global trade over the past 5 years and how policymakers should approach the Foreign Trade Policy 2021-26 with India Business & Trade. He also talks about the prospective developments in the multilateral trade agenda under the Trump...
Dr Arpita Mukherjee, Professor at ICRIER, proposes a step-by-step framework for India’s Foreign Trade Policy, where India should look at success stories from other countries, make subsidies WTO-compliant, and focus on market development, competitiveness and efficiency, as opposed to incentives. IBT: What have you observed as the most transformational changes...
Exporters would benefit from early announcement of RoDTEP rates across sectors, as well as a seamless process for claiming benefits. While there is currently ambiguity on the exact outlay given budgetary constraints, the scheme needs to be viewed from the perspective of its potential to revive India’s exports and encourage...
India needs to enhance its competitiveness in intermediate goods exports through the implementation of reforms in taxation, enhancing ease of trade and investments in skilling of the workforce. In global trade, intermediate goods have a share of 52.8% in total exports and 55.6% in total imports of merchandise. India’s exports...
Dr Sunitha Raju, Professor at Indian Institute of Foreign trade feels that the upcoming Foreign Trade Policy should address structural constraints of India’s huge informal sector. Also, it should prepare exporters for quantum shifts in the global trade environment towards sustainable development goals, rising non-tariff measures as well as technologies...
The Advance Authorisation Scheme under FTP 2015-20 allows manufacturer exporters and merchant manufacturers to imports inputs duty-free. All items except import items prohibited in ITC (HS) and those reserved for STEs are excluded from Advance Authorisation. source: https://bit.ly/35BfmUu The government of India has several provisions under FTP 2015-20 for export...
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