Prime Minister Narendra Modi will hold extensive talks with President of the European Council Charles Michel and President of the European Commission Ursula von der Leyen on a range of issues in the summit.
Last week’s decision to resume border trade via West Bengal despite opposition from the Mamata Banerjee government will help increase Bangladeshi exports to India after a hiatus, said sources.
Courier imports have been on the radar of authorities after it was found that the route was being misused by some ecommerce platforms to bring goods declaring them as gifts, which are duty-free. Some such Chinese platforms operating via mobile apps selling goods including Shein have been banned as part of a larger clampdown.
A decision by the Mamata Banerjee government to stop all goods from Bangladesh through the Petrapole-Benapole border since March has resulted in serious damage to bilateral trade and it came to a head-on Wednesday with Bangladesh refusing to allow Indian trucks to cross the border. The Centre had told Bengal its actions were in clear violation of the MHA ord […]
Importers of agricultural commodities from China are also worried. Traders said they would have to look for alternatives for communication with Chinese parties.
Most of the markets abroad have not been able to make such a “remarkable” comeback, he said, adding imports are still far behind.
The exporters reckon that the current problems will be temporary. “We hope that what is happening at the border will not affect commerce and trade,” noted Rajiv Palicha, chairman of All India Spices Exporters Forum.
Even ecommerce companies like Flipkart and Amazon, which are heavily dependent on smartphone sales anchored by Chinese brands, are figuring out newer strategies. Amazon, for instance, is betting big on promoting local stores on its platform.
Days after a deadly border clash with China that saw 20 Indian soldiers losing their lives, there has been a call from various quarters to cut imports from the neighbouring country.
Delhi probes trade deals that are leading to preferential rates being lower on finished products.
China is India’s second-biggest trade partner after the US, and its companies have a significant market share in the consumer goods segment, especially electronics. Kirtika Suneja looks at the bilateral trade numbers.
India will respond faster to complaints about dumping of Chinese goods, as the country looks to stimulate local production and reduce dependence on imports.
Foreaders 