Trade deficit Current Affairs - 2019

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US Plans To End India’s Preferential Trade Status

President Trump notified the Congress his intent to terminate trade benefits for both India and Turkey under the Generalized System of Preference (GSP) eligibility criteria. India and GSP About 2,000 products, including auto components and textiles, can enter the US duty-free if the beneficiary developing country meet the eligibility criteria. India was the largest beneficiary Read More…

Month:  Categories: Business, Economy & Banking

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Afghanistan Launches New Export Route to India through Chabahar Port

Afghanistan has launched a new export route to India through the through the Chabahar Port of Iran. 23 trucks carrying 57 tonnes of dried fruits, textiles, carpets and mineral products were dispatched from western Afghan city of Zaranj to Iran’s Chabahar port. The consignment would be then shipped to Mumbai. Chabahar port is seen as Read More…

Month:  Categories: International

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India’s exports to China set to touch Record High

India’s export to China is expected to reach an all-time high in the financial year 2018-19. Increase in Exports The increase in the exports to China is attributed to US-China trade spat creating new opportunities for exporters and Beijing removing some trade barriers in its effort to check the growing bilateral trade imbalance. The growth Read More…

Month:  Categories: Business, Economy & Banking

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China agrees to import rice from 17 mills in India

China has agreed to import rice, non-basmati and basmati varieties from 17 registered mills in India. These mills are in Punjab, Haryana, Uttar Pradesh and Madhya Pradesh. It is considered as a major breakthrough in India’s efforts to ensure market access for Indian products (especially rice) in China as it is the world’s largest rice Read More…

Month:  Categories: Business, Economy & Banking

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