Fieo

Friday, Apr 26, 2024 | Last Update : 03:42 PM IST

Free Trade Agreements (FTAs) have not benefitted India much. Exports to countries with whom India has entered into FTAs have grown by a meagre 10 per cent in FY19, while the imports have grown by 27 per cent.

Free trade fails to boost exports, imports grow

According to the government, these agreements are meant to provide opportunities for exports to these trading partners at preferential duties.

13 Dec 2019 1:26 AM

FIEO President Sharad Kumar Saraf said the new scheme of Remission of Duties or Taxes on Export Products (RoDTEP) with revenue burden of up to Rs 50,000 crore for the government, looks attractive as it will neutralise all duties and levies suffered by the export products.

Incentives for exports to boost shipments: Exporters

FIEO said the new measures in form of incentives and refund of taxes will go a long way in enhancing the growth prospects.

15 Sep 2019 6:54 PM

'Chief negotiators from both the countries will hold the fifth round of negotiations for the agreement in August,' the official said.

India, Peru to hold next round of FTA negotiations in August

The fourth round was held between March 11 and 15 this year in Lima, Peru.

29 Apr 2019 5:01 PM

Since 2011-12, India's exports have been hovering at around USD 300 billion. (Representative Image)

Protectionism, commodity prices, inadequate liquidity challenges for exporters: FIEO

"Protectionism will continue to rise and it will impact global demand for goods," said FIEO Director General Ajay Sahai.

10 Apr 2019 3:43 PM

The Union Commerce Secretary Anup Wadhawan said, "The benefits in absolute sense and a percentage of trade involved are very minimal and moderate.”

No major impact of GSP withdrawal seen

GSP boosts the competitiveness of American manufacturers by lowering their costs.

06 Mar 2019 2:24 AM

US President Donald Trump on Monday said he intended to end India’s preferential trade treatment under a program that allows $5.6 billion worth of Indian exports to enter the United States duty free. (Representative Image)

India's farm, marine exports to be hit by US trade action: exporters' body

'We fear that our labour-intensive exports of agriculture, marine and handicraft products to the US would be hit hard,' said Ajay Sahai.

05 Mar 2019 10:52 AM

During 2017-18, the shipments grew by about 10 per cent to USD 303 billion. (Photo: File)

FIEO suggests series of measures to boost exports

Since 2011-12, India's exports have been hovering around USD 300 billion.

17 Feb 2019 4:29 PM

Imports went up by 10.45 per cent in September to $41.9 billion as against $37.9 billion in September 2017.

India Inc posts over 2 per cent negative growth in exports

Exports in September 2018 were $27.95 billion, as compared to $28.57 billion in September 2017.

16 Oct 2018 2:40 AM

Federation of Indian Export Organisations

FIEO flags global protectionism

He said that on domestic front, flow of credit to export sector is a huge issue as export credit declined by over 41 per cent in April-June.

04 Oct 2018 12:29 AM

Large trade deficit and rupee decline against the US dollar are putting pressure on the CAD.

Govt should focus on boosting exports, import curbs may not help control CAD: FIEO

Trade deficit soared to a near five-year high of USD 18 billion in July, but dipped slightly at USD 17.4 billion in August.

15 Sep 2018 3:49 PM

The finance ministry on Wednesday said GST refunds worth Rs 14,000-crore to exporters are pending with the government and "solutions" are being put in place to fast-track clearances.

Exporters' GST refund: Fin Min says only Rs 14,000 crore pending

Solutions are being put in place to fast-track clearances.

30 May 2018 6:19 PM

The northward movement in petroleum and commodity prices would also add to export growth. The recent depreciation of indian rupee is also supporting exports though its impact varies from sector to sector and from company to company. Ganesh Gupta, President, FIEO

Exporters see about 20 per cent growth in FY19

Commodity prices, weakness of rupee cited as reasons.

30 May 2018 1:57 AM

A USD 2 billion fraud at a state-run bank has raised the cost of funds for exporters by 1 per cent to 3 per cent.

India's exports seen hitting USD 350 bn in 2018-19: trade body

FIEO also hopes India will actively engage with the United States to protect local industry’s interest.

29 May 2018 3:24 PM

CII said that the RBI could have strengthened and tightened the existing regulations on LoUs and LoCs or could have announced a phasing out mechanism.

Exports won’t take a hit due to RBI’s move: FIEO prez

The sector is extremely important as it provides exports to about $43 billion.

15 Mar 2018 6:02 AM

As per the data released by the commerce ministry, the trade deficit or difference between imports and exports was USD 14.88 billion, up about 41 per cent year-on-year.

Exports up 12.36 per cent in Dec; trade deficit widens to 3 year high

Exports had totalled USD 274.64 billion in 2016-17, up from USD 262.29 billion in the preceding industry.

16 Jan 2018 10:32 AM

Group had suggested several changes in the new indirect tax regime with a view to simplifying procedures and ensuring automatic refund of taxes.

Law review panel to take final call on GST suggestions: Finance Ministry

The next meeting of the Law Review Committee is due on Wednesday and Thursday.

09 Dec 2017 11:52 AM

India's exports recorded a double digit growth of 10.29 per cent after a gap of three months to USD 23.81 billion in August.

Govt notifies new duty drawback rates from October 1

AEPC said the refund rates for garments will come down to 2 pc as compared to the 7.7 pc drawback available till now.

23 Sep 2017 12:20 PM

Exporters said that currently they don’t pay taxes for goods bought from the suppliers but under GST they will have to first pay taxes and later on file for its refund.

GST refund issue to hit Indian exports

FIEO said that small manufacturers have no mechanism to demand refund of GST from government.

26 May 2017 1:01 AM

FIEO highlighted the rupee appreciation and growing protectionism in developed economies as major challenges for India's shipments sector.

Govt may trim USD 900 bn shipments target in FTP review: FIEO

Shipments growing at a compounded annual rate of 15 per cent will lead to exports clocking USD 700-750 billion by 2020.

25 May 2017 8:07 PM

Over 20,000 sellers today from India currently sell over 45 million products through 10 global Amazon marketplaces.

Amazon partners FIEO to train sellers on e-commerce

Partnership with FIEO will help Indian exporters take their 'Made in India' products to millions of active customers across the globe.

14 May 2017 1:38 PM

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Sunil Gatade

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