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Union commerce and industry minister Piyush Goyal held meetings with luxury company LVMH Moet Hennessy Louis Vuitton SE and beauty giant L’Oreal Groupe, focusing on growing manufacturing, exports and investment in India. In his meeting with Vincent Astoux, International Relations Director of LVMH, Goyal discussed expanding manufacturing in India to increase exports, investing in local…
China’s trade stepped up pace in April, with exports surging well beyond expectations even as the Iran war and elevated US tariffs continued to cast uncertainty over global markets. Official data released on Saturday showed Chinese exports climbed 14.1% compared with a year earlier, a substantial jump from March’s 2.5% rise and a performance that…
Commerce and Industry Minister Piyush Goyal on Thursday chaired a meeting to prepare a roadmap for securing Sanitary and Phytosanitary (SPS) approvals for Indian agricultural and fisheries products in global markets, aimed at boosting exports and improving incomes of farmers and fisherfolk, ANI reported.Sharing details of the meeting on X, Goyal said he “chaired a…
Lucknow: Union agriculture minister Shivraj Singh Chouhan on Wednesday said India has already achieved sufficient agricultural production and must now focus on processing, branding and exports to emerge as the “food basket of the world”.Addressing exporters, entrepreneurs, scientists and stakeholders during an interaction organised under “Fruit Horizon 2026” at a Lucknow hotel in Gomtinagar, the…
Venezuela’s oil is flowing across the world again, and at its fastest pace in more than seven years. In April, the country’s crude exports jumped 14% to 1.23 million barrels per day, powered by stronger demand from the United States, India and Europe, according to shipping data and internal documents from state-run PDVSA.The sharp rise…
The windfall tax was introduced to ensure that adequate domestic supplies of petroleum products remain available. (AI image) The windfall tax on exports of diesel and aviation turbine fuel (ATF) has been lowered effective May 1, 2026. The excise duty on petrol and diesel sold in the domestic market will remain unchanged. The levy on…
India New Zealand FTA (AI image) India and the New Zealand on Monday signed the India-New Zealand Free Trade Agreement (FTA) in the presence of Commerce and Industry Minister Piyush Goyal and New Zealand’s Trade and Investment Minister Todd McClay. The agreement is expected to significantly strengthen economic ties between the two countries. It aims…
Security guards the entrance of Japan’s Defense Ministry in Tokyo (File photo) Japan has taken a significant step away from its postwar pacifist stance, with the Cabinet led by Prime Minister Sanae Takaichi on Tuesday approving new guidelines that lift long-standing restrictions on the export of lethal weapons.Under the revised guidelines, Japan will now be…
China’s exports of clean technology climbed in March, reinforcing signs that manufacturers are benefiting from rising global demand for alternative energy sources as traditional supplies are roiled by the Iran war.The most notable growth came in shipments of lithiumion batteries and electric vehicles, with an annual increase of 34% and 53%, according to data released…
As the European Union is set to widen its carbon border tax regime, Indian exports could face significantly higher carbon-related costs as the regime widens its scope, according to a report by the Global Trade Research Initiative (GTRI).The report said the European Parliament’s environment committee has proposed extending CBAM to around 180 additional steel- and…
