The Federation of Indian Export Organisations (FIEO) clarifies the recent reports concerning the European Union's notification that extends the withdrawal of Generalised System of Preferences (GSP) benefits for specific Indian product categories. This clarification addresses concerns regardi
From January 1, 2026, India faces a major setback in the EU market, as 87 per cent of its exports begin paying higher import tariffs following the EU's suspension of Generalised Scheme of Preferences (GSP) benefits. These GSP concessions previously allowed Indian products to ship at less
Speaking to ANI, Ajai Sahai, CEO & DG of the Federation of Indian Export Organisations (FIEO), said he is not unduly concerned about the statement, as Indian industry and banks deal only with Iran on goods that fall outside the scope of US OFAC sanctions.
Additionally, long-term MoUs were signed between the Department of Micro, Small and Medium Enterprises and the Federation of Indian Export Organisations (FIEO), along with agreements involving the Central Bank of India, Karvy Startup Labs and Startup Middle East on the occasion. The Chief
"With the proposed tariff of around 500%, doing business with the US is out of the question right now. It will very badly affect exporters in textiles, engineering goods, pharmaceuticals, toys, and gems and jewellery," Mehta told ANI in an exclusive interview in the national capital. He d
Following the assumption of office by former US President Donald Trump, a 50 per cent tariff was imposed on Indian exports, pushing several sectors of Indian industry into severe stress.
On January 4, US President Donald Trump warned that Washington could raise tariffs on Indian imports if New Delhi does not stop purchasing Russian crude. The warning comes even as Indian exports to the US are already subject to a 50 per cent import tariff, half of which is directly linked to
According to a report from the Bank of Baroda, this transition follows a period of rapid frontloading of shipments earlier in 2025 as businesses sought to secure cost advantages before new trade barriers took effect.
The Directorate General of Foreign Trade (DGFT) has concluded 2025 with a series of strategic policy updates and digital reforms aimed at strengthening India's trade facilitation ecosystem. According to a DGFT press release, the year was marked by the institutionalization of formal consul
The Government of India on Wednesday launched the Market Access Support (MAS) Intervention under the Export Promotion Mission (EPM) to bolster international market access for Indian exporters. According to a Ministry of Commerce & Industry press release, the program aims to improve buyer con
India and Australia marked the third anniversary of their Economic Cooperation and Trade Agreement (ECTA), showing a significant rise in trade between the two nations.