Currently, the preferential trade agreement (PTA) with the Mercosur trade bloc covers about 450 tariff lines. Talks are on to expand the PTA further to cover more items across agriculture, industrial goods, pharmaceuticals, and textiles, government officials told Moneycontrol.
A massive rise in oil prices, across-the-board uptick in global prices of industrial commodities, a resurgent agri-sector and a higher share of manufactured goods are the main reasons behind India reaching the government's annual export target.
Ludhiana seems to be the one-stop destination for almost all businesses right from auto parts to garments to industrial goods. This episode discusses what more needs to be done to augment the growth of the micro, small and medium enterprise (MSME) sector.
SMEs are its primary customers. Business comes from electrical goods, power tools, materials, utilities, safety tools, office furniture segments.
The world's main trading nations remain divided over a global trade deal despite a compromise plan put forward by the European Union to rescue the stalled Doha trade round, the EU's trade chief said on Friday.