CBIC Brings Major Relief for Importers with Faster Food Import Clearance and More Inspection Hubs The Central Board of Indirect Taxes and Customs has issued an Instruction No. 04/2026-Customs on April 20th, 2026, under Section 25 read with Section 47(5) of the Food Safety Standards (FSS) Act, 2006, and Regulation 13(1) of the FSS (Import)...Read More

Brazilian fruit exports increased by 25% in the first half of 2026, with mangoes and apples among the main drivers. Total export revenue exceeded US$350 million during the period. According to Abrafutas, the sector generated US$351 million and shipped 330 million kilograms...Read More

Live: Rupee hits new low amid Brent above $120; market breadth weakens | Closing Bell Indian markets staged a sharp intraday comeback, with the BSE Sensex rebounding nearly 800 points from the day’s low and the Nifty 50 reclaiming the crucial 24,000 mark. The recovery was driven by a mix of global and domestic triggers...Read More

IANS | 30 Apr, 2026 India is targeting $2 trillion in total exports by 2030–31, comprising $1 trillion in merchandise exports and $1 trillion in services exports, the government said on Wednesday. The Department of Commerce has developed a structured Export Monitoring Framework, which breaks down the national target into sector-wise actions across Engineering Goods,...Read More

Representational image. | New Age file photo The Bangladesh Bank has instructed all scheduled banks not to open letters of credit or process telegraphic transfers for the import of dietary and related supplements without prior approval from the Directorate General of Drug Administration. The directive was issued on Wednesday through a...Read More

Commerce and Industry Minister Piyush Goyal said that year-on-year export from India has risen in the first three weeks of April 2026 despite an ongoing West Asia, with goods being rerouted and the strait of Hormuz still a challenge. The Minister recently held a monthly meeting with exporters, who he described as “enthusiastic” despite the...Read More

Africa’s fertilizer sector could see a ripple effect as U.S. Senator Roger Marshall of Kansas pushes legislation to remove countervailing duties on phosphate imports from Morocco, potentially unlocking cheaper supply for American farmers and boosting demand for Moroccan exports. The bill is cosponsored by Senators Chuck Grassley (R-Iowa), Cindy Hyde-Smith (R-Mississippi), and Joni...Read More

Muktadir for formalizing jewellery sector to tap $14b export potential Commerce Minister Khandakar Abdul Muktadir. File photo DHAKA, April 29, 2026 (BSS) – Commerce Minister Khandakar Abdul Muktadir today stressed the need to bring the country’s gold and jewellery sector under the formal economy to unlock an estimated export potential of $12-14 billion. “Bangladesh possesses...Read More

BEIJING: China’s Sinopec Corp said on Wednesday its refineries cut production by around 7.6 percentage points on an annualised basis in the first quarter of 2026, with utilisation rates averaging around 83 per cent. Formerly known as China Petroleum & Chemical Corp, Sinopec’s ethylene utilisation rate stood at 89 per cent in the first quarter,...Read More

In a much anticipated step, Ukraine is opening up its arms exports to global markets, President Volodymyr Zelenskyy announced on Tuesday evening. ADVERTISEMENT ADVERTISEMENT “The export of Ukrainian weapons will become a reality, we have approved all the details at the level of our state institutions,” Zelenskyy said in a statement. “Currently, our security expertise...Read More