India concerned over China's actions to stall exports
The Dollar Business Bureau Commerce and Industry Minister Nirmala Sitharaman has pitched for a strong focus on the country’s trade with China, while expressing concern over China’s “efforts to stall India’s exports through non-tariff barriers”. On Friday, the Minister held a meeting with a parliamentary consultative committee in Goa to assess the performance of India’s foreign trade. Responding to suggestions given by the committee members, the minister said that focus was being given on sectors such as pharma/ IT/ ITES/gems & jewellery/ textiles/ fruits & vegetables/ meat exports to improve India’s exports to China. “The Commerce Minister highlighted the concern that China has been making efforts to stall India’s exports through non-tariff barriers such as phytosanitary stipulations, standardisation issues etc,” ...
Euro Zone crisis considerably affected Indian leather industry
Sai Nikesh | The Dollar Business A decline in value of Euro followed by the crisis in Euro Zone is likely to have negative effect on India’s exports to European region, which accounts for around 18%-19% of India’s total exports. The exports from key areas like Leather and Gems & Jewellery, which hold a major contribution in India’s total exports to the region were said to have witnessed a negative effect in the initial months of the current fiscal due to the Euro Zone crisis. Speaking to The Dollar Business, M Rafeeque Ahmed, Chairman, Council for Leather Exports (CLE), Ministry of Commerce, Government of India, said, “European Union accounts for a significant share (65%) of leather exports from India. But, the ...
