New Delhi: India has asked the countries, with which it has free trade agreements (FTAs), to allow imports of goods without certificate of origin for the time being as the domestic authorities are currently not issuing the document on account of lockdown due to COVID-19 pandemic. The government has allowed issuing certificates of origin-retrospectively to eligible exports under various India’s trade agreements with other countries as offices temporarily closed and unable to issue the certificate of origin. Certificate of origin is an instrument which establishes evidence on origin of goods imported into any country. These certificates are essential for exporters to prove where their goods come from and therefore stake their claim to whatever benefits goods of Indian origin may be eligible for in the country of exports. Exporters have to submit a certificate of origin at the landing port of the importing country. “India would also stand ready to honour its … [Read more...] about Covid-19: India asks FTA partners to temporarily allow imports without certificate of origin
Assessing the implementation of FTAs to promote exports, especially the CPTPP, Luong Hoang Thai, director of the MoIT’s Department of Multilateral Trade Policy, told the Dau tu (Investment) newspaper reported that Viet Nam’s enterprises have efficiently exploited markets with which Viet Nam has not yet signed FTAs. … [Read more...] about Viet Nam gains higher exports to Canada and Mexico partly due to CPTPP
EVFTA paves way for European investors to contribute capital to Vietnam’s banks Within five years from the day the FTA takes effect, Vietnam pledges to consider European credit institutions’ proposals to allow them to hold up to 49 percent of shares in two Vietnamese joint stock banks. … [Read more...] about Covid-19 crisis leads to opportunity to expand markets
A key concern of most member states is the fear of cheap Chinese exports flooding their markets once the RCEP is formalised. Differences on matters relating to rules of origin, e-commerce, trade, and an auto-trigger mechanism to protect against a flood of cheap imports are being discussed by India and other member nations ahead of the summit. … [Read more...] about G-20 Member States of Southeast Asia, East Asia Anxious to See India Join Regional Trade Bloc
During the period from January 1 until March 15, goods with high export growth included phones and components ($10.2 billion); computers, electronic products and components ($7 billion); machinery, equipment, tools and other spare parts ($3.93 billion); seafood ($1.26 billion); textiles and garments ($5.88 billion); footwear ($3.42 billion); timber and wood products ($2.1 billion); and vehicles and spare parts ($1.76 billion). - VNS … [Read more...] about Việt Nam gains higher exports to Canada and Mexico partly due to CPTPP
What If You Choose Only 100 Free-To-Air Channels? If you are opting for 100 channels and if you have chosen all 100 free-to-air channels then the network capacity fee is only Rs 130. But if you add paid channels in this list of 100 channels, then the MRP of all these channels will be added along with the Rs 130 network capacity fee. … [Read more...] about TRAI New Rules: Here’s How It Will Impact Your Television Bill!
TRAI wrote, "With TRAI's New Regulation for the Television and Broadcasting Sector having come into force, Consumers have the freedom to select Television (TV) Channels they want to watch. This Application will help you optimize the selection of your choice and also inform you about the MRP (Maximum Retail Price) of your selection. However, for exercising the choice of your favourite channels, kindly visit the website of your TV service provider or get in touch with your cable operator." … [Read more...] about TRAI Introduces A New Application To Help Subscribers To Calculate The Bill!
Backing Nair's claims, MGP president Shirish Deshpande said, "In a previous meeting with TRAI secretary Sunil Gupta, I too had raised this concern, but they claimed that the pricing had been arrived at following research. I feel the costs tilt in the favour of broadcasters and channel owners. This needs to be revisited because of the grievances of consumers. There must be an in-depth study carried out on pricing, and [benefits of] all stakeholders must be considered." … [Read more...] about Ravi Nair Objects TRAI’s Norms; Says If Viewers Pay For A Channel, They Must Not Pay For Ads!
Hanoi (VNS/VNA) - Vietnam has taken full advantage of the CPTPP to gain strong growth in exports to Canada and Mexico, according to the Ministry of Industry and Trade (MoIT). These are the two CPTPP (Comprehensive and Progressive Agreement for Trans-Pacific Partnership) members that have not yet signed bilateral free trade agreement (FTAs) with Vietnam. In the first two months of this year, Vietnam’s exports to Canada rose by 20.39 percent to 578 million USD year on year. With over 37 million people, a high standard of living and an urbanisation rate at 80 percent, Canada is considered a potential market for many key export items of Vietnam, including textiles, footwear, seafood, tea, pepper, cashew nut, coffee and wooden furniture. During the first two months, textile and apparel export value reached more than 100 million USD, up 5.86 percent year on year. The export value of mobile phones and accessories surged by 104.22 percent to 122.09 million USD compared to the same … [Read more...] about Vietnam gains higher exports to Canada, Mexico partly due to CPTPP
By Sachin Dahake Being able to order a product from home, sitting on the couch has created one of the hottest industries of the millennium. But international trade is not new. One can go back to learn from the doctrines of mercantilism that dominated the high seas’ trade policies of major European nations for most of the 16th century through to the end of the 18th century. The key objective of trade for mercantilists was to obtain a favourable balance of trade, by which the value of exports must exceed the value of their imports. Over time with technology, we have seen a shift in the subtle as well as not-so subtle ways of how the world moves towards globalised modes so that international trade becomes more rewarding – both in view of profits and customer satisfaction. In this article, we will dive into the five key steps involved in exporting your product for the first time. We won’t be going over the boilerplate instructions involved for different types of goods, … [Read more...] about Introduction to export economy: A guide to securing your goods’ value