The government on Saturday exempted customs duty on cotton imports to ensure adequate availability of the raw material at competitive rates for domestic textiles industries for five months starting from Monday. Govt exempts import duty on cotton till October “This notification shall come into force with effect from the 01st day of June, 2026, and...Read More

India is set to reduce export duties on petrol, diesel, and aviation turbine fuel (ATF) effective June 1, according to a statement issued by the government on Saturday. The new duty rates are 1.5 rupees per litre for petrol, 13.5 rupees for diesel, and 9.5 rupees for ATF. These rates are subject to a fortnightly...Read More

Businesses across the United States have begun receiving refunds for tariffs deemed unconstitutional by the US Supreme Court, with the CBP initially managing a smooth process for claims. However, the Trump administration’s intention to appeal a court ruling that expands refund eligibility threatens to hinder this process. As of May 22, refund applications totaling USD...Read More

Rice bags shifted from rail wagons to sea containers at the Concor ICD in Tondiarpet | Photo Credit: Supplied Nearly 2,700 tonnes of rice from Andhra Pradesh are on their way to China through a rail-road-sea logistics chain via Chennai Port, marking the revival of export cargo handling through BCN wagons at the Container Corporation...Read More

New Delhi [India], May 30: Gold occupies a rare and unique space in India’s economy and culture. It is inherited across generations, gifted during festivals, and often treated as a practical asset of value. That is why the India gold import story is never just about luxury; it is also about household savings and buying...Read More

Guwahati: From Meghalaya’s globally sought-after Lakadong turmeric to Assam’s citrus fruits and Nagaland’s indigenous chillies, North East India is increasingly emerging as one of the country’s most promising frontiers for food processing and agri-exports. Industry leaders, policymakers and agricultural experts at the India Food Manufacturing Summit – Northeast in Guwahati said the region’s vast horticultural base,...Read More

Canadian ethanol producers seek urgent CFR reforms to counter subsidized U.S. imports threatening domestic investments, farmers, and clean fuel growth. Canada’s ethanol industry is urgently advocating for substantial amendments to the federal Clean Fuel Regulations (CFR) to counter a significant competitive disadvantage posed by subsidized U.S. imports. Andrea Kent, vice-president of industry and government...Read More

The Executive Management Committee of Brazil’s Foreign Trade Chamber (Gecex-Camex) announced early Friday a series of trade defense measures, including actions aimed at the steel industry, as well as expanded support for exports. On the trade defense front, the agency approved the inclusion of carbon steel bars on the list of products subject to temporary...Read More

Tokyo, May 29 (SANA)    Official Japanese data released on Friday showed that the country’s crude oil imports fell by nearly 66 percent in April compared with the same month a year earlier, amid the ongoing repercussions of the US Israeli–Iranian war in the Middle East on oil supplies from the region. Reuters quoted Japan’s Ministry of...Read More

The agreement, coming into force on June 1, is expected to expand duty-free market access, enhance LNG cooperation and position Oman as a critical logistics gateway for India amid regional geopolitical uncertainty. The India-Oman Comprehensive Economic Partnership Agreement (CEPA), set to take effect from June 1, 2026, is expected to significantly expand bilateral trade, strengthen...Read More