While tourism operators and youth are optimistic about targeted measures to revive growth and employment, apple farmers have little hope that the upcoming budget will address their concerns, particularly after import duties on foreign apples were reduced, which has impacted the state's ap
In the automotive sector, the agreement is poised to redefine the top end of the passenger vehicle market. With proposed reductions in import duties on select European cars, global manufacturers are likely to reassess pricing strategies and product launches in India, particularly in the luxu
Announcing the move on Truth Social, Trump said, "Because the Korean Legislature hasn't enacted our Historic Trade Agreement, which is their prerogative, I am hereby increasing South Korean TARIFFS on Autos, Lumber, Pharma, and all other Reciprocal TARIFFS, from 15% to 25%." It remains un
Sefcovic described the prospective pact as the "mother of all deals," noting that negotiators are "checking their final numbers" as the European bloc pushes to reduce India's steep import duties that can reach up to 150 % in some sectors.
Amid growing apprehensions among apple growers over reduced import duties following India's Free Trade Agreement (FTA) negotiations with New Zealand and fears of duty cuts for imports from the United States, the Himachal Pradesh government on Tuesday held a high-level meeting with farmers an
Expressing serious concern over reports of possible dilution of import duties on apples under proposed Free Trade Agreements (FTAs) with Europe, the United States and Chile, PDP (Jammu and Kashmir People's Democratic Party) leader Mehbooba Mufti on Saturday warned through her official X h
The proposed India-Oman Comprehensive Economic Partnership Agreement (CEPA) is expected to significantly boost India's industrial exports, as import duties in Oman currently range from zero to as high as 100 per cent on select products, according to a report by the Global Trade Research Init
Mexico's decision to sharply raise import duties on goods from countries without a free-trade agreement will significantly disrupt India's exports beginning January 1, 2026, according to a new report by the Global Trade Research Initiative (GTRI).
Specifically, the decree establishes tariffs on the import of various goods in the auto parts, light cars, clothing, plastics, steel, household appliances, toys, textiles, furniture, footwear, leather goods, paper and cardboard, motorcycles, aluminium, trailers, glass and soaps, perfumes and
Extending income tax holidays and waiving import duties on expensive semiconductor equipment will accelerate India's semiconductor manufacturing capabilities, said Eswara Rao Nandam, CEO of Polymatech Electronics, a company engaged in providing chip manufacturing solutions.
The three-year safeguard duty on steel imports by Directorate General of Trade Remedies (DGTR) could cripple the auto, engineering, and construction sectors by pushing up input costs and squeezing downstream users, stated a report by the Global Trade Research Initiative (GTRI).
The recent move by the U.S. President to raise tariffs on Indian goods to 50 per cent, on top of the existing Most Favoured Nation (MFN) import duties, is set to hit several Indian export sectors hard, according to a report by the Global Trade Research Initiative (GTRI).