Dismissing the reports of food grains import, the Union Government and Department of Food & Public Distribution said, India has no plans of importing wheat. On August 21, the government said, "The country has sufficient stocks to meet our domestic requirements and FCI has enough stock for public distribution". Although severe heat waves earlier this year affected crops, especially wheat, there is no shortage in India for people.
Amid US House speaker Nancy Pelosi's visit to Taiwan, China has issued a ban against Taiwanese imports, and has halted all trade-related activities with the island nation, on August 3. China's consul general in Karachi Li Bijian said that from August 3, China has suspended imports of citrus fruits, chilled white hairtail and frozen horse mackerel from Taiwan. China has also suspended two types of fish products from Taiwan.
India has reduced the basic import costs of crude and refined palm oil while increasing the price of crude soy oil, according to a government statement issued late on May 31. Every two weeks, the government updates the basic import prices for edible oils, gold, and silver, which compute the amount of tax an importer must pay. India permitted duty-free imports of 2 million tonnes of soy oil last week.
Courtesy: DNA India
India is eyeing a deeper discount on Russian oil. The country is reportedly seeking Russian cargoes at less than 70 US dollars per barrel. This could make up for additional obstacles, like securing financing for purchases. India imports around 85% of its oil. India is among the few nations that still purchases crude oil from Russia, which is a significant source of revenue for the Russian regime.
The final version of the Uyghur Forced Labour Prevention Act, demanding a ban on the import of goods made by persecuted labour in China's Xinjiang Uyghur Autonomous Region, was passed by the US House of Representatives. Approved on December 14, it's now been sent to the Senate for consideration. Reportedly, China forces Uyghurs, Kazakhs, Kyrgyz, Tibetans, and persecuted groups here to produce ''textiles, handicrafts, shoes electronic and food… read-more
Courtesy: United News of India
Expressing concerns regarding domestic manufacturers, India charged anti-dumping duty on China on the imports of bottle grade Polyethylene Terephthalate (PET). Used for manufacturing bottles, the country proposed to impose $60.92- $200.66 based on PET quality. Notably, a couple of domestic PET producers had written to the Directorate of Trade Remedies to introduce anti-dumping duties. However, the Indian Plastic Federation raised concerns… read-more