Trade Policy
Latest news, explainers and analysis on Trade Policy. Tracking 8 stories on Arth Vani.
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Latest on Trade Policy
Indian Govt Eyes Scope 3 Emissions Monitoring for Exporters Amid Global Green Push
The Indian government is discussing a new policy that could require exporters to track their indirect, 'Scope 3' emissions. This move comes as global trade partners are imposing stricter environmental standards, aiming to ensure Indian businesses remain competitive internationally. If implemented, this could significantly increase compliance burdens, particularly for Micro, Small, and Medium Enterprises (MSMEs).
US Waives Oil Tariffs Before Christmas; Indian Exporters Find Relief, Continue Diversifying
US President Donald Trump has waived proposed tariffs of up to 100% on buyers of Russian oil, bringing significant relief to Indian exporters ahead of the critical Christmas shipping season. Despite this positive development, Indian businesses in sectors like textiles and gems are committed to diversifying their export markets, learning from past tariff disruptions. The US remains an important market for Indian goods, but strategic market expansion is a priority.
India-US FTA Failure Could Negatively Impact Economy, Says RBI Governor
The Reserve Bank of India (RBI) Governor stated that a failure to finalize the Free Trade Agreement (FTA) with the United States would 'obviously have some negative impact' on the Indian economy. However, India is actively diversifying its export markets through other recently concluded trade agreements to mitigate such risks.
RoDTEP Export Incentive Scheme Likely to Be Extended Beyond September 30 Deadline
The Indian government's Remission of Duties and Taxes on Exported Products (RoDTEP) scheme, which offers tax refunds to exporters, is anticipated to receive an extension as its current deadline of September 30 approaches. Exporters are keenly awaiting official confirmation and details regarding the duration of the extension.
India’s FTAs Open $60 Trillion Market Access; Goyal Urges Businesses to Scale Exports
Commerce Minister Piyush Goyal highlighted that India's nine active Free Trade Agreements (FTAs) now provide preferential access to economies worth $60 trillion. This coverage represents nearly two-thirds of global trade, offering a massive growth window for Indian exporters and manufacturers.
China Dissents from G20 'Cheap Exports' Statement; Bessent Leads US Sanctions on Iran
China reportedly refused to endorse a G20 statement aimed at opposing 'cheap exports' that could flood global markets. Separately, Bessent, a key figure in the Trump administration, is spearheading efforts to cripple Iran's economy through a strategy of secondary sanctions.
India Extends Anti-Dumping Duty on Chinese Tubes & Pipes Till 2027
The Indian government has extended anti-dumping duties on certain tubes and pipes imported from China until January 2027. This move aims to protect domestic manufacturers from inexpensive foreign shipments. Similar duties are also in place for Normal Butanol imports from Malaysia, South Africa, and the United States.
India Urges US to Reconsider Proposed 12.5% Import Tariffs
India has formally requested the United States to withdraw its proposed additional 12.5% tariffs on Indian exports. New Delhi argues that these tariffs lack a proper legal foundation and sufficient evidence to justify their imposition. The US is currently investigating several economies, including India, over concerns regarding forced labor import policies.
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