Trade Restrictions

Reflecting on the changing global scenario, the minister has assured all export promotion councils that the government is working on an overtime basis

India has initiated a probe into an alleged increase in imports of certain steel flat products into the country following a complaint from the Indian Steel Association, according to a government notification. The Directorate General of Trade Remedies (DGTR), under the commerce ministry, has started the investigation into imports of 'Non-Alloy and Alloy Steel Flat Products', used in various industries, including fabrication, pipe making, construction, capital goods, auto, tractors, bicycles, and electrical panels. According to the notification of the DGTR, the Indian Steel Association, on behalf of its members - ArcelorMittal Nippon Steel India, AMNS Khopoli, JSW Steel, JSW Steel Coated Products, Bhushan Power & Steel, Jindal Steel and Power, Steel Authority of India - has filed an application under the customs tariff Act, 1975. They have sought imposition of safeguard duty on imports of these products into India. The applicant has alleged that there is a "recent, sudden, sharp and

The US has imposed export controls and investment restrictions targeting Chinese tech firms, citing national security concerns

The govt is considering an extension to a 20% export levy, which is due to expire on Oct. 15, according to people familiar with the matter who asked not to be identified as the talks are confidential

India never halted trade relations with Pakistan and wants to move towards normalising business ties, a senior Indian diplomat here has said, stressing that today's diplomacy focuses on tourism, trade and technology because money speaks its own language. Suresh Kumar, India's Deputy High Commissioner to Pakistan made these remarks on Friday while speaking at the Lahore Chamber of Commerce and Industry (LCCI), the Dawn newspaper reported. India always wants better relations with Pakistan because we cannot change our geography, he said. We want to move towards normal relations with Pakistan. We also didn't stop trade with Pakistan, as it was Pakistan that did it, he said. It would be better to see how we can change our problems and situations, Kumar said. In 2019, Pakistan suspended bilateral trade with India and expelled its High Commissioner in Islamabad after New Delhi revoked the special status of Jammu and Kashmir. India has been maintaining that it desires normal neighbourly

Non-promoter shareholding in the company exceeded the 10% ceiling prescribed for TReDS operators

The World Trade Organization said in a report on Tuesday that countries were introducing trade restrictions at an increased pace, particularly on food, feed and fertilisers

The European Commission said in a statement that the scheme will be open to companies from all sectors, except for the finance, agriculture and forestry, as well as fisheries and aquaculture sector

The United States is adding 120 Russian and Belarusian entities to its trade blacklist for their support of the countries' armed forces amid the ongoing war in Ukraine, the US Commerce Department said

US House of Representatives has voted to suspend normal trade relations with Russia, paving the way for the US government to impose higher tariffs on Russian goods

Prime Minister's Office reportedly pushing foreign and commerce ministeries to deliver on initial deals with countries including Australia and the UK

Traders in Aurangabad have threatened to protest against restrictions imposed by the Maharashtra government to curb the spread of Covid-19

India imports close to 90 per cent of its solar cells and module demand, of which 80 per cent is from China

Last week, Chinese Ambassador Sun Weidong urged India to review restrictions on trade and movement of people

The restrictive measures cover an estimated USD 460.4 billion worth of traded merchandise, an increase of 37 per cent over the same period previous year.

A shortage of skilled workers, bureaucracy and lack of adequate road and port infrastructure are key impediments investors face in India

Between October 2017 and May 2018, even as trade tussles raged on between the US and China, India topped the list

This is of particular concern given the continuing global economic uncertainty and the WTO's recent downward revision of its trade forecasts