Perspectives

TPCI_us-dollars

Dollar : Rise, Hegemony and Fall

India found a way of coming out of dollar payment and paying Iran in rupees for the oil it bought when sanctions were enforced on Iran prior to the signing of the Joint Comprehensive Plan of Action, known commonly as the Iran nuclear deal or Iran deal, signed between Iran and the P5+1 countries in Vienna on July 14, 2015.

TPCI_Rabi

Hiking MSP for Rabi crops a step in the right direction

Several key persons connected with agriculture in India have been talking of ways and means to improve crop production of agricultural commodities like pulses and edible oils in which India remains heavily dependent on imports.

TPCI_Doing Business

Making India more business friendly

India is on course to becoming more business friendly with each passing year, courtesy a series of reforms that have enabled India to climb up the ladder on the World Bank’s Doing Business Index for the second successive year.

TPCI_construction

Major shift towards construction and infrastructure development all across the GCC countries

Ever since oil first spurted from a well in Bahrain in 1931 and it was subsequently discovered throughout the Gulf, the focus in all the nations that are now called Gulf Cooperation Council (GCC) remained on ways to extracting oil, refining it and transporting it.

India's Ambassador to The Czech Republic Mrs. Narinder Chauhan with Mr. Andrej Babis, Prime Minister of the Czech Republic

The Czech government expressing interest to boost bilateral trade and investment in several areas: H.E. Mr.s Narinder Chauhan, India’s ambassador to The Czech Republic

H.E. Mrs. Narinder Chauhan is a seasoned and dynamic diplomat with more than three decades of active service in various key assignments, both in India and abroad. She is presently posted as Ambassador Extraordinary and Plenipotentiary of the Republic of India to The Czech Republic, in which capacity she recently played host to the visit of Hon’ble President of India Shri Ram Nath Kovind to The Czech Republic.

TPCI

Preparing to meet global trade challenges

It was in early June this year that former Secretary of the Department of Commerce of the Indian Ministry of Commerce and Industry, Rita Teaotia, outlined the challenges facing global trade, including protectionism and threats to the World Trade Organization (WTO) system, when Asian countries of the Commonwealth gathered in New Delhi to deliberate on how to respond to major shifts in the global trade landscape.

GERMANY-02

Country profile- Germany

Germany is located in the Centre-Western Europe. It is one of the most populous countries in the European Union. The United Nations Development Programme ranks Germany, 5th in terms of Human Development Index with the value of 0.936.

FDA_TPCI

Mandatory for exports of food products to the US to put new labels

If you are exporting food products to the US, you must know that it has been made mandatory by the U.S. Food and Drug Administration (FDA) to put new labels on food products in the U.S. The changes have been made with an aim to keep the end consumer better informed about details of the food that she and her family eats so as to enable them to make healthier choices.

white-and-black-sesame-seeds

Product profile- Sesame seed

Sesame or sesamum indicum L. is commonly known as ‘Till’ in India. Sesame seed is one of the oldest oilseed crops known. It was domesticated over 3000 years ago. It was a major summer crop in the Middle East for thousands of years.

Food Security VS WTO

WTO norm and Indian practice on food security: An angle of dichotomy

The Agreement on Agriculture (AoA) was considered to be the starting point for liberalizing trade in agriculture. This framework consists of three main pillars i.e. market access, domestic support, export subsidies. Domestic support measures are basically categorized in three different general boxes, depending on their trade distortive potential.

Mohit Singla, Chairman TPCI with the Head of visiting Vietnamese delegation, Tran Thanh Nam, Deputy Minister of the Ministry of Agriculture and Rural Development of Vietnam

Bilateral trade target of USD 15 billion will be met before 2020: Vietnamese minister Tran Thanh Nam

Bilateral ties between India and Vietnam have strengthened in recent years with a shared focus on regional security issues and trade. India and Vietnam have traditionally been good friends ever since Vietnam’s independence in the 70s.

01 (2)

India-Vietnam strategic partnership is the key to maintaining peace and stability not only in SE Asia but in the entire Indo-Pacific region: Pham Sanh Chau, Ambassador of Vietnam to India

Vietnam in recent years has seen high economic growth and expansion of trade and investment, which has resulted in the country moving out of the category of Least Developed Country (LDC) and become part of new lower middle income country (MIC).

https_s3-ap-northeast-1.amazonaws

Why PM’s visit to Japan is crucial: Exploring food value chains and agricultural trade

As global population is expected to reach 9 billion by 2050, food needs would require a doubling of agricultural production. The need of the hour is to meet the rising demand, increase productivity, lower costs, use fewer resources such as energy, water and pesticides, and improve product quality and availability.

To match feature TURKEY-IRAQ/CONFLICT

Improving trade with neighbours through land route, top priority for Ministry of Commerce & Industry

What is common between Marks & Spencer, VIP Industries, Reliance Retail, Raymond Apparel, Aditya Birla Fashion and Retail and Puma Sports? All these companies are sourcing their requirements of apparel and related goods from neighbouring Bangladesh and transporting into India through Petrapole-Benapole (Bangladesh) border

Acrylamide-regulation-inches-forward-to-spring-2018-start_wrbm_large

Keep an eye on acrylamide levels in your Food and Beverage exports to Europe

If you are an Indian exporter of Food and Beverage products that need to be baked, fried, grilled, toasted or roasted and you are exporting to Europe, you must know that new regulations designed to reduce overall levels of acrylamide consumption have become applicable all over Europe.

Is it really possible to replicate sugar output success in pulses and oilseeds?

Data compiled by the Union Ministry of Agriculture showed India’s total cane and sugar output at 306 million tonnes for 2016-17. During the same year, however, industry sources estimate the total sugar production of 23.26 million tonnes.

India-urges-China-to-lift-ban-on-rapeseed-imports-amid-US-trade-war

Exporters of Indian rapeseed gainer in the wake of US-China tariff war

India is likely to be the gainer of US-China tariff war that continues unabated. Indian rapeseed exporters will soon be restarting rapeseed meal export to its neighbour China, who was India’s biggest buyer of rapeseed, a key ingredient in animal food, until it banned purchases in 2011-12.

suresh-prabhu (1)

Department of Commerce taking concrete steps to grow exports and provide jobs

The Minister for Commerce & Industry Mr. Suresh Prabhu recently said India is keen to grow exports and provide more jobs for the young, talented, well-educated and even semi-skilled and unskilled workforce of India.

robots in a car plant

Robust manufacturing base is a must for signing FTAs

India is negotiating seven free trade agreements (FTAs) with countries such as Russia, Australia and Peru that could help it deal with possible loss of share in traditional markets such as the US and the EU that are negotiating mega regional trade pacts.

shrimps_jpg_1356279f-1

Food Standards & Non-Tariff Barriers on Marine Exports

Food standards are standards imposed by countries to protect human, animal and plant health. They fall under the Sanitary and Phytosanitary Standards (SPS) Agreement of the WTO.

india_growth

Concrete steps needed towards attaining sustained economic growth objective

One does not have to be an economic pundit to prophesy that India is set for an explosive growth. Great changes are taking place in the country which will have game-changing opportunities for the country’s economy and wide ranging implications for domestic businesses, multinational companies, and the government.

(3)

Product Profile- Cashew Nuts

The Cashew tree (Anacardiumoccidentale) is considered the native to the northern part of South America, but is now grown almost all over the world.

(2)

Will India be the engine of growth for the global economy in future?

India is well on track to sustain its position as one of the world’s fastest-growing economies. It will be an engine of growth for the global economy for the next few decades and it could play the role China did for the world economy during the last two decades.

chabahar-port

Connecting through water, for regional cooperation

The much talked about Chabahar port, which opened a new strategic transit route between India, Iran and Afghanistan that bypassed Pakistan and which is expected to cut transport costs significantly, is not the only such activity that India is pursuing. Large deliberations have been undertaken and focus is now on improving connectivity through water, for enhanced regional cooperation.

(1)

Improved connectivity to boost trade between India and Bangladesh: Jahangir Bin Alam, Secretary & CEO, IBCCI

Jahangir Bin Alam visited TPCI office to discuss further the avenues to boost bilateral trade between the two countries. Excerpts from the interview:

NETHERLAND

Country Profile- The Netherlands

Located in the North-Western Europe, The Netherlands is actually a kingdom which also consists of the Islands of Bonaire, Sint Eustatius and Saba. The United Nations Development Programme ranks Netherlands 10th in terms of Human Development Index. It is ranked 32nd in ‘Ease of Doing Business’ by World Bank with a 1st rank in trading across borders and 8th in resolving insolvency.

frozen-fish_new

Frozen fish export from India continue to see astounding growth

falling-rupee

Risks not being tackled in a leaderless world

When former UK Prime Minister Gordon Brown said about a month back that risks were not being tackled now in a leaderless world and consequently the global economy was “sleepwalking into a future crisis”, many would have thought that he was talking of some distant future, which may or may not come to pass.

l_2018_07_01_101744_t4wely2685bxfjvmrpcu3on9h7g1sziqdka_EN_

Maldives Election Results: What it means for India as new dawn emerges on Maldivian archipelago

Winds blowing from across the mighty Indian Ocean have brought a great change in the Maldivian archipelago. A new dawn has emerged in this tropical nation comprising of palm-fringed islands, merely 523 km southwest of India’s southern tip. The win of opposition candidate Ibrahim Mohamed Solih in the Presidential election in the Maldives is being seen as a new era of democratic revival that could push the island country closer to India. The Presidential elections were to elect the Head of Government in Maldives but they have been so consequential and of such strategic importance that some analysts are already seeing it as India’s diplomatic win over China.

Policy Incentivizing Sugar Exporters What India can expect

Plastic menace: Problem and its solution

Ironically, only two years ago, this award was given to a young lawyer from Mumbai – Afroz Shah – for the cleanliness work done by him and his team to transform the Versova beach, in other words, to remove largely plastic waste washed into the sea and accumulated near the coast.

Brexit Will there be another referendum in Britain

Brexit: Will there be another referendum in Britain

Brexit was billed as a once-in-a-generation decision when Great Britain voted in 2016 on ‘Leave’ or ‘Not to Leave’ the European Union (EU). But with the Brexit talks with the EU hitting an impasse, France saying that it is preparing for a scenario where they would end up doing No Deal and the Labour Party leadership putting the option of another vote on the table, Brexit is heading for unclear future at the moment, at least for now, and various groups in Britain have already started talking of another referendum on whether to remain in EU or not.

sugar-fact

Policy Incentivizing Sugar Exporters: What India can expect?

India’s cabinet recently approved incentives to boost cash-strapped mills to export sugar in the 2018-19 season as a part of farm support policy. This effort is germane to trim bulging domestic stockpiles which can be channelized to fetch dollars. According to this novel policy, cabinet will give transport subsidies of 1,000 rupees ($13.77) a tonne to 3,000 rupees a tonne to sugar mills, depending on their distance from ports. Also, the cabinet approbated the policy by uplifting the price that government directly pays to the cane growers to 138 rupees ($1.90) a tonne in the new season beginning October 2018.

Government steps in with measures to check widening current account deficit and capital outflows

Government steps in with measures to check widening current account deficit and capital outflows

Trade pundits in TPCI were since long speculating that it was time now for the Government to step in and take strong measures to curb non-essential imports, with the explicit purpose of checking the widening current account deficit (CAD) and capital outflows. This had become mandatory as the current account deficit had widened to 2.4 per cent of GDP in the April-June quarter.

Untitled-1

European Union proposes to contemplate WTO towards pro-modernization

The multilateral trading system has so far provided a steady and effective framework for conducting business across the globe, helping many economies to propagate rapidly. Today, the WTO is indispensable for ensuring open, fair and rules-based trade. However, despite its success, the World Trade Organization has not been able to adapt sufficiently to the dynamism of the global economy. The world has changed, the WTO has not. It's appropriate time for WTO to act to frame the system, to address challenges of the today's global economy and work for everyone, again.

Country-profile_UK

Country Profile- United Kingdom

The United Nations Development Programme ranks the UK 16th in terms of Human Development Index. This rank is above the likes of France and Belgium. They are also ranked 7th in ‘Ease of Doing Business’ by World Bank with a Distance to Frontier (DTF) of 82.22.

Leather-Industry

Product Profile- Leather Industry

Leather is one of the most widely traded commodities globally. The growth in demand for leather is driven by the fashion industry, especially footwear. Apart from this, furniture and interior design industries, as well as the automotive industry also demand leather. The leather industry has a place of prominence in the Indian economy due to substantial export earnings and growth. India’s leather industry has grown drastically, transforming from a mere raw material supplier to a value-added product exporter. The Indian leather industry accounts for around 12.9% of the world’s leather production of hides/skins.

North East Waterway

New waterways to ease trade from North East Region

Indian government, in the last 4 years and under the leadership of our Prime Minister, has made its relations with East Asian neighbours a foreign policy.

US China Trade War

Who will win the US-China trade war?

The ongoing trade war between the US and China shows no signs of abating. Instead, it has escalated to new heights in recent days with the US President announcing 10% tariffs yet again against $200 billion worth of Chinese goods with a threat of more tariffs on another $267 billion of US imports.

Will India board the RCEP train or not

Will India board the RCEP train or not?

How India handles RCEP (Regional Comprehensive Economic Partnership) is something that is being pondered and deliberated in the high corridors of power. Since RCEP is an extended Free Trade Agreement (FTA) with 10 ASEAN countries viz. Brunei, Cambodia, Indonesia, Laos, Malaysia, Myanmar, the Philippines

Tea-Plantation

Product Profile: Tea Industry

The global tea market has witnessed a strong and steady growth in the tea production and tea consumption from around the world over the recent decades, while the top tea producing countries are still dominating the global market with their significant tea productions year on year.

Supply chain of solar PV

‘Make or Buy’ Dilemma: India’s Solar PV Market Outlook

India’s Ministry of Commerce, through the Directorate General of Trade Remedies (DGTR), has recently enforced a safeguard duty (SGD) on solar cells and modules imported from China and Malaysia for the next two years. DGTR, created as an umbrella authority for trade matters under the Ministry of Commerce

Nipah Virus Threat

Nipah virus threat followed by Kerala floods led to Pakistan gaining on export of fresh fruits and vegetables

As if the Nipah virus threat that led to several GCC countries banning import of fresh, chilled and frozen vegetables and fruits from Kerala was not enough, the recent floods in Kerala have further aggravated the situation, thus leading to Pakistan trying to gain on the void caused in the GCC market.

Falling Rupee

Falling rupee: Is the situation as bad as it was in 2013?

The Indian rupee, which hovered between 68 and 69 rupees during most part of this year so far has underwent a sudden decline, falling by nearly 10% in recent days to reach above 72 rupee mark to a dollar.

Turkey Cover Image

Country Profile- Turkey

Turkey's largely free-market economy is driven by its industry and, increasingly, service sectors, although its traditional agriculture sector still accounts for about 25% of employment. The automotive, petrochemical, and electronics industries have risen in importance and surpassed the traditional textiles and clothing sectors within Turkey's export mix.

Indian Packaging Companies

Indian packaging companies to pack African milk, liquor and F&B products

The African continent has recently emerged as a high growth region for the packaging industry, with demand being driven by increased markets for consumer products, burgeoning individual incomes, an expanding population of youthful consumers and growing domestic economies, particularly in East and West Africa.

Third Era of Trade

Third Era of Trade: Global Value Chains

Global value chains have transformed the world by revolutionizing development options facing poor nations. Now it is possible for these nations to join value chains rather than having to invest decades in building their own. The offshoring of labor-intensive manufacturing stages and the attendant international mobility of technology launched era-defining growth in emerging markets, they have brought a welcome change that fosters and is fostered by domestic policy reform.

Sanjay Bhattacharyya Indian Ambassador to Turkey

India and Turkey share strong commercial and economic relations: Sanjay Bhattacharyya, India’s Ambassador to Ankara, Turkey

India is the partner country in the prestigious 87th Izmir International Trade Show to be held in Izmir - the third most populous city in Turkey, after Istanbul and Ankara – from 7th to 11th September, 2018. India is the Partner Country in the trade show, in which TPCI, along with the Ministry of Commerce, will be putting up an India Pavilion, which will host a very strong presence of 75 Indian companies.

India- Turkey Trade Expansion

The TPCI delegation will have great chance to promote Indian products in Turkey: Atilla Bastirmaci, Ministry of Trade, Turkey

The prestigious 87th Izmir International Trade Show will be held from 7-11 September, 2018 in Turkey. India is the Focus Country and the Indian Pavilion, aptly called Souce India, will have a strong presence of 75 Indian businessmen from various fields who are going to participate in this event along with TPCI.

NAFTA Article

Canada mulls over NAFTA talks

It is now Canada which is mulling over trade talks with the USA after a decision was taken to overhaul the existing trade pact by Mexico and the USA. Canada rejoined face-to-face negotiations with the United States and Mexico after the two continental partners reached a deal that has raised fresh concerns about the fate of the North American Free Trade Agreement.

Canada Map Flag

COUNTRY PROFILE- CANADA

Canada’s economic competitiveness has been sustained by strong rule of law and the solid institutional foundations of an open-market system. Canada boasts of an economic freedom score of 77.7, making the economy the 9th freest in the 2018 index. The country also has an ‘Ease of Doing Business Rank’ of 18 among 190 countries.

Ceramic Products

PRODUCT PROFILE- CERAMICS

Ceramics is a diverse industry and contains several categories of products, including sanitary ware, refractories, cement, advanced ceramics and ceramic tiles.

Trade Turmoil

Is Indian trade turmoil bothering macro prospects?

While the Indian rupee has been under momentous stress since last couple of months, it may portray a bothering situation for policymakers and economists. But is this worry perennial, from Indian macroeconomic perspective? A global environment of monetary policy tightening, escalated oil prices and mounting trade tensions have triggered the scenario of capital flight from emerging markets and supported US dollar strength. Malign concerns from the recent Turkey’s economic turmoil have miffed most emerging-market currencies, not just the rupee.

Mexico Business

Doing Business with Mexico

It was normally felt that Mexico is too far a country to do business with. Not anymore! Bilateral trade between India and Mexico are continuously on the rise with India-Mexico bilateral trade growing to US$8.37 billion in CY 2017, an unprecedented 33% increase against 2016.

Saudi Article

Investment opportunities for Indian firms and more jobs for Indian professionals opening up in Saudi Arabia

Good investment opportunities for Indian firms as well as more jobs for Indian professionals are likely to open up in Saudi Arabia in light of the gulf country’s increased public expenditure outlay in the infrastructure sector, particularly the US$500 billion futuristic mega city Project “NEOM” and the Red Sea Tourism Project. Immense scope and opportunities for Indian firms exist in the infrastructure sector and it remains to be seen how much business they bring to India.

Import Duty

Increasing import duty on textile and other products likely to boost Indian industry

With an aim to further incentivize the domestic textile industry, Indian government has increased the import duty on textile products for the second time in a month, doubling customs duty on 328 tariff lines of textile products from 10 per cent currently to 20 per cent. It is expected that this higher duty will help the Indian textile industry, which employs nearly 10.5 crore people and has been facing stiff competition from cheaper imports, particularly from China.

India Textile Industry

Is India’s first move of protectionist measure remunerative?

India doubled the import tax on more than 300 textile products to 20% in early August as the world’s biggest producer of cotton tries to curb rising imports from China. It was the second tax hike on textiles in as many months after an increase on other products including fibre and apparels which was surged in July. The moves are anticipated to provide relief to the domestic textile industry, which has been hit by cheaper imports.

Dye & Dyestuffs 1

Product Profile- Indian Dye and Dye Stuffs Industry

The dye & dyestuff industry plays an important role in the overall growth of the chemical industry. Major portion of dyes are used in the textile industry and textile, carpet and garment industry are one of the largest and most prominent sectors. Growth of the textile industry has a direct impact on the growth of dyes stuff industry.

Mexico Flag

Country Profile- Mexico

Mexico is a country located between the USA and Central America. It is the 10th most populated country in the world and is home to over 130 mn people. Mexico has an Economic Freedom score of 64.8, putting the country in the ‘moderately free’ category with a rank of 63rd for 2018. World Bank has also given the country a Doing Business rank of 49th, with a Distance to Frontier of 72.27. Moreover, they have high scores for Getting Credit, Resolving Insolvency, and Enforcing Contracts. In 2017, Mexico reported a GDP of $1,149bn, and a growth of 1.1% from 2016-17.

basmati-rice1

Product Profile- Basmati Rice

Basmati rice has been enjoying a premium position in the global marketplace, which has reflected greatly on the growth of the market for basmati rice across the world. Basmati rice, grown for many centuries in the Indian subcontinent, is known globally for its fragrance and its flavour.

US-Flag

Country Profile- United States of America

The United States of America is the world’s foremost economic power, with global interests and an unmatched global reach. Its GDP was over $19.39 trillion in 2017 and accounted for close to a quarter of the world total.

US-China-Trade War

Potential impact on Indian agricultural exports: USA-China trade dispute perspective

The United States and China, the world’s largest economic powers, have combated in an accelerating trade dispute since first quarters of 2018. This ever-changing story lingers to evolve, with auxiliary tariffs pronounced by the United States in late May 2018. Agricultural trade has gained attention due to this ongoing trade dispute. This trade acrimony between China and the United States may facilitate Indian agricultural exports as China has been the United States’ top agricultural export market outside of North America since 2009 with an annual sale of nearly $20 billion in 2017.

India-Russia Partnership

India-Russia to hold their first ever strategic dialogue in July in St Petersburg

The first ever Indo-Russian Strategic Economic Dialogue will be held in St Petersburg this July to strengthen the economic partnership between the two nations. The strategic dialogue was planned by Indian PM and the President of the Russian Federation in their informal summit.

Pharma image

China removes import tariffs on pharmaceutical products: India-China trade scenario

China has exempted import tariffs for 28 drugs, including all cancer drugs, from 1st May 2018. The move is expected to boost Indian exports of pharmaceuticals to the neighboring country as well as help reduce trade imbalance between China and India in the future.

Foreign-Trade

India’s foreign trade account for April 2018

The foreign trade scenario of April 2018 in India has largely been witnessing a positive growth as compared to April 2017, with both exports and Imports experiencing visible increase. Talking in terms of exports which includes re-exports of merchandise goods, a significant positive growth of 5.17% has been witnessed. The exports in April 2018 increased to US $25.91 billion compared to US $24.64 billion in April 2017.

Webp.net-compress-image

Exports dominated in November: Buttressed by unraveled GST and spurred Global Demand

After a brief sluggishness during in previous months, exports rose 30.55% to $26.19 billion in November on account of improved global demand, government incentives and simplification of GST payment mechanism.

farmer-hands-exchanging-money-green-crops

Agricultural Trade Negotiations 2017 – Make or Break for India

Waning quantum of Indian agricultural exports in past couple of years is enervating the India’s position as a net food exporter. With tad value addition in agricultural exports, Indian manufacturers are unable to compete with the agro- processing industries of developed countries like Australia, Canada and economies of EU.

ftp-india

Foreign Trade Policy – Mid Term Review : Must for waning Fiscal Burden

The much-awaited review of the Foreign Trade Policy (FTP) was announced earlier this month by the Commerce Minister extending support to exporters, especially those from leather- intensive sectors, to help deal with implementation burden of the new Goods & Services Tax (GST) regime.

Agriculture Trade

Why 11th Ministerial Meeting of WTO is important for Global Agricultural Trade?

Argentina is scheduled to host the Eleventh Ministerial Conference of the WTO from 10th to 13th December 2017 in Buenos Aires. Ministerial Conference is the decision-making body of the WTO that takes important trade liberalization decisions.

falling productivity (1)

Slowing productivity growth in developed countries

Improved momentum in the Chinese economy in the first half of this year due to rising domestic demand has reassured the global growth

blog-img1

Is Green Corridor a new trade instrument for the coming years?

With trade between Russia and India far below its potential, the two countries are contemplating creating a ‘green corridor’ for the smooth transit of goods. But what is the idea behind this green corridor?

1

Empowering Steady Synergies – India Korea Financial Dialogue 2017

The world is witnessing a new surge of protectionism, especially from the developed world. It is a period of transforming international relations for the developing ones. With a similar motive, the 5th Korea-India Financial Dialogue, a four day long meet was held on June 17, 2017, in Seoul, South Korea.

2

Soaring Current Account Deficit of India

According to the data issued by the Reserve Bank of India, the current account deficit (CAD) of the country narrowed to 0.7 per cent of GDP for the financial year 2016-17 from 1.1 per cent in 2015-16 mainly due to contraction in the trade deficit.

1

Trilateral to Multilateral: A scope of expanding markets

Changing geopolitical dimensions in world economy and the attention centered on India’s growth are strong reasons for India to extend its strengths within and around its frontiers. One of the sources to bestow the required strength is ‘Trade’

2

Box Shifting in developed nations and the need for Special Safeguard Measures

India will be pushing for finalising the work programme for a transparent Special Safeguard Measures (SSM) in the WTO Summit to be held in Argentina this December. SSM allows developing countries to raise import duties on agricultural products in response to import surges.

3

Integrating neighbouring economies to expand trade

The easiest market access for most finished goods is in nearby countries; but history, political rivalry, colonial rules and a host of other reasons might have left this natural advantage unexploited. This needs to be nurtured with transport infrastructure and appropriate policies.

4

Significance of Regional Economic Integration in Africa- Possibilities for India

Historically, reasons for emergence of regional integration arrangements in Africa were political exigencies and economic needs. It is often argued that India should look at Africa not as an aggregation of individual economies, but of regional blocs.

5

India’s Thriving Pharmaceutical Industry

India’s pharmaceutical industry is currently brimming with activities. The recent drug and plant approvals received by US Food and Drug Administration (FDA) has made Cadila Healthcare (Zydus Cadila) the most valuable pharmaceutical company by market capitalisation after Lupin.

6

India’s membership in Shanghai Cooperation Organisation

Shanghai Cooperation Organisation (SCO) is an intergovernmental organization founded in Shanghai on 15 June 2001 by six countries, People’s Republic of China, Kazakhstan, Kyrgyz Republic, Russia, Tajikistan, and Uzbekistan.

7

India’s growing demand for Solar Panels- Import Substitution or Optimality?

Indian Solar Manufacturer’s Association (ISMA) has appealed in June 2017 for the third time in five years, to the Directorate General of Anti-Dumping (DGAD), to impose anti-dumping duty on solar panels. This time the application is against China, Malaysia and Taiwan.

8

JAPAN-EU Economic Partnership Agreement- A potential for India to expand its trade?

Japan and the European Union recently announced their agreement on an economic partnership that would form a free-trade zone between the partners as early as 2019. The agreement between the 2nd (EU) and 4th (Japan) ranked countries in terms of nominal GDP is called..

9

Rethinking India’s Agricultural Distress

One often misses the paradigm shifts and structural changes happening in agriculture while analyzing its problems. Some issues are ever changing, while some persist. Here, we focus on one such unrelieved stumbling block faced by farmers. Lately, low farm incomes are being..

10

Implications of GST on textiles sector

Textiles is one of the most important industries for India in terms of its share in GDP, employment and exports. The industry contributes 2 per cent of GDP, 10 per cent to manufacturing output and 13 per cent of India’s export earnings. On the employment front, it provides 50 million jobs directly, and approximately 60 million indirectly. India’s contribution to total world exports is 5.12 per cent . There is indeed huge scope for an improvement.

11

South China sea dispute- Looming threat for India

The South China Sea is an important economic and strategic region of Indo- Pacific. It is bordered by Brunei, Cambodia, China, Indonesia, Malaysia, the Philippines Singapore, Taiwan, Thailand and Vietnam. It is a critical commercial gateway for significant portion of world’s merchant shipping.

12

Implications of GST- Gems and Jewellery sector

Gems and Jewellery sector is one of the fastest growing, export oriented and labour intensive sectors. Its contribution to Indian economy is quite significant. 6 to 7 % of GDP comes from this sector. Its contribution to foreign exchange earning stood at UDS 38.59 billion in 2016.

13

Amazon buys Whole Foods: Unfolding of Opportunities for India

There seems to be no stopping for Amazon. To boost their grocery delivery ambitions, it has acquired Whole Foods for a banging $13.7 billion. Whole Foods is American supermarket chain which is famous for natural and organic foods and is also the first National Certified Organic grocer in the US.

14

G20 Summit- What should be India’s agenda?

Twelfth G-20 Summit will be held on 7th and 8th July, 2017 in Hamburg, Germany. It’s a premier forum for economic cooperation and to discuss the challenges faced by its member countries. There are many pressing issues which the member countries including India would want to address at the Summit. But it is important to prioritize the issues.

15

India’s Outlook on the Pursuit of E-commerce.

E-commerce has been a focal area for WTO this year, as was witnessed during WTO Director General Roberto Azevêdo’s visit to India in February, 2017. Also, many developed countries are wanting to take up this issue in the WTO’s eleventh ministerial meeting in Buenos Aires, Argentina in December 2017. In addition, the Aid-for-Trade initiative which was launched at the 2005 Hong Kong WTO Ministerial Conference, and aims to support ..

TPCI