The steel ministry said today that India's steel exports to America are very low and hence the import tariff hike by the US will not pose any immediate threat to the domestic industry.
Commerce Ministry body, worked as whistle blowers to help the Department of Revenue Intelligence expose a multi-crore diamond scam.
China’s commerce ministry said on Tuesday it is raising “anti-dumping tariff rates” for some optical fiber products originating from the United States, effective on Wednesday, July 11.
China’s second-quarter economic growth is expected to have slowed slightly from the previous quarter, a Reuters poll showed, as the government’s efforts to tackle debt risks crimp activity and a looming U.S. trade war threatens exports.
Prabhu said he is expecting around 20 per cent growth in exports in June.
Exports of cereals from India grew by 34.36 per cent to USD 8.1 billion in 2017-18 on account of increasing demand in global markets, according to the commerce ministry.
India has agreed to provide tariff concessions on 3,142 products to Asia Pacific Trade Agreement (APTA) members, including Bangladesh and Sri Lanka, from July 1, the commerce ministry said.
China will significantly widen market access and oppose any kind of protectionism, Chinese Commerce Minister Zhong Shan said in an article published in People’s Daily.
Japan left unchanged its assessment that the economy is gradually recovering, showing policymakers remain confident of a moderate upturn after a contraction in the first quarter.
The Department of Commerce will soon open 10 offices in Indian missions abroad to boost export promotion activities, Commerce Minister Suresh Prabhu said.