In a telephonic conversation, the official told ANI, "There is no shortage of rice in Bangladesh at this moment. However, due to recent severe floods, the government has decided to import rice in order to avoid the crisis in the future."
ndia has bilateral trade agreements, including Trade in Services, with Singapore, South Korea, Japan, Malaysia, Mauritius, UAE, Australia and an FTA in services and investment with the Association of South East Asian Nations
India's contribution to global trade has seen significant growth over the last two decades, with its share in both exports and imports doubling during this period, according to a report by the National Stock Exchange (NSE).
India's foreign exchange reserves (Forex) are sufficient to meet the more than 11 months of imports and about 96 per cent of external debt outstanding at end-June 2024, stated the Reserve Bank of India (RBI) on Tuesday.
India has extended the timeline for duty-free imports of yellow peas by two more months until February 2025, according to an official notification from Directorate General of Foreign Trade (DGFT).
India's coal imports during the April-October period of FY 2024-25 witnessed a major decrease of 3.1 per cent, reaching 149.39 million tonnes (MT) compared to 154.17 MT in the corresponding period of last year, the Coal Ministry stated on Thursday.
Experts warned the influx of cheap, low-quality Chinese products is negatively impacting local businesses of Southeast Asian nations due to which Thailand is seeking ways to combat these low-priced Chinese good's growing presence in their markets, as reported by the Voice of America.
India's merchandise trade deficit in November came at USD 37.84 billion, attributable to burgeoning imports relative to exports. Reportedly, this is the highest monthly trade deficit by far.
India's overall exports, merchandise and services combined, in November were to the tune of USD 67.79 billion, a 9.6 rise on a yearly basis, Commerce Ministry data showed on Monday. Same month last year it was USD 61.85 billion.
India's dependence on traditional fossil fuel-based energy will come down to 30 per cent by the time the country turns 100th, petroleum and natural gas minister Hardeep Puri said on Friday.
Trudeau met with Canada's premiers on Wednesday to discuss Ottawa's plan to address Trump's concerns, the second meeting since Trump threatened to impose steep tariffs on Canadian imports after he will be sworn in as President in January.
Capacity utilisation of domestic steel industry in 2024-25 is poised to slip below 80 per cent for the first time in four years as cheap imports nibble at market share, according to rating agency ICRA.