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

Not even the last desperate joint appeal of the Italian supply chain came to fruition. The Europarliament has definitively approved the regulation on tariff concessions for the least developed countries (the so-called Generalised System of Preferences) for the next ten years, leaving the ‘phantom’ clause on rice imports unchanged. The vertiginous growth of foreign arrivals...Read More

Kazakhstan will redirect crude shipments destined for Germany after Russia announced it would suspend Kazakh oil transit through the Druzhba oil pipeline in Eastern Europe starting May 1. Kazakhstan’s energy ministry said 100,000 metric tons of crude will now be transported through the Baltic Sea port of Ust-Luga in northwestern Russia. Ukraine has repeatedly attacked the oil...Read More

The Georgian government has extended its import tax on sugar for a further year, pushing the deadline to April 22, 2027. A decree published on April 24, 2026 amended a previous decision that had introduced the duty for a one-year period beginning in April 2025. Under the regulation, sugar imports exceeding 100 kilograms are subject...Read More

Last Updated:April 28, 2026, 08:16 IST Iran is grappling with a mounting oil storage crisis as a US blockade slashes exports, forcing it to rely on improvised storage and risky stopgap measures. Vessel at the Strait of Hormuz, off the coast of Oman’s Musandam province (Photo: Reuters) Iran is facing a mounting oil storage crisis...Read More

The airline is considering tariff implications when making maintenance decisions, reflecting its belief that the USA’s tariff-heavy strategy will not shift soon. JetBlue Airways has been adjusting some maintenance practices in response to import tariffs imposed by US president Donald Trump, despite the aerospace industry having secured exemptions from the administration’s most sweeping import duties....Read More