Category: International trade

India’s bilateral trade turnover with Ukraine was US$ 2.52 billion in 2019-20

Posted by on in International trade

Pharmaceuticals account for majority of Indian exports to Ukraine. India is the third largest exporter of pharmaceutical products to Ukraine, after Germany and France, in value terms. A number of Indian companies like Ranbaxy, Dr. Reddy’s Laboratories, Sun Group etc. have their representative offices in Ukraine. Representatives of major pharmaceutical companies have set up an Indian Pharmaceutical Manufacturers’ Association (IPMA) in Ukraine.

International Trade Financing Services Platform at IFSC and Circulars

Posted by on in Finance, International trade

IFSCA has been established as a unified regulator with a holistic vision in order to promote ease of doing business in IFSC and provide world class regulatory environment. The main objective of the IFSCA is to develop a strong global connect and focus on the needs of the Indian economy as well as to serve as an international financial platform for the entire region and the global economy as a whole.

Uruguay Round Agreements Act of 1994

Posted by on in International trade

The term “GATT 1947” means the General Agreement on Tariffs and Trade, dated October 30, 1947, annexed to the Final Act Adopted at the Conclusion of the Second Session of the Preparatory Committee of the United Nations Conference on Trade and Employment, as subsequently rectified, amended, or modified by the terms of legal instruments which have entered into force before the date of entry into force of the WTO Agreement.

International Trade (Anti-Dumping)

Posted by on in International trade

Foreign manufacturers engage in the practice of “dumping” when they export products to the U.S. at prices below the established domestic market price or when they ship excessive quantities of products that cannot be explained by normal market competition.

India’s Foreign Trade for June 2021

Posted by on in Business and Industry, International trade

India’s overall exports (Merchandise and Services combined) in June 2021* are estimated to be USD 49.85 Billion, exhibiting a positive growth of 31.87 per cent over the same period last year and a positive growth of 17.17 per cent over June 2019. Overall imports in June 2021* are estimated to be USD 52.18 Billion, exhibiting a positive growth of 73.65 per cent over the same period last year and a positive growth of 1.08 per cent over June 2019

DOHA WTO MINISTERIAL : MINISTERIAL DECLARATION-2001

Posted by on in International trade, Trade laws

The multilateral trading system embodied in the World Trade Organization has contributed significantly to economic growth, development and employment throughout the past fifty years. We are determined, particularly in the light of the global economic slowdown, to maintain the process of reform and liberalization of trade policies, thus ensuring that the system plays its full part in promoting recovery, growth and development. We therefore strongly reaffirm the principles and objectives set out in the Marrakesh Agreement Establishing the World Trade Organization, and pledge to reject the use of protectionism.

General Agreement on Tariffs and Trade (GATT) 1994

Posted by on in Business Law, International Law, International trade

The provisions in the General Agreement on Tariffs and Trade, dated 30 October 1947, annexed to the Final Act Adopted at the Conclusion of the Second Session of the Preparatory Committee of the United Nations Conference on Trade and Employment (excluding the Protocol of Provisional Application), as rectified, amended or modified by the terms of legal instruments which have entered into force before the date of entry into force of the WTO Agreement;