The new foreign trade policy 2023, announced recently outlines the vision to take India’s goods and services exports to $2 trillion by 2030. The Foreign Trade Policy 2023 of India is a major milestone in not only the foreign affairs of India but also in the...
Increase in Air Freight Rates Due to COVID-19, many things have taken a different turn. This caused different impacts globally including the cost of shipping goods and exports taking a high hit in the rates. The exports take place through three major modes: Train,...
Ministry of Commerce & Industry, Govt. of India made it mandatory to update the IEC details for all IEC holders every year. The Directorate General of Foreign Trade (DGFT) issued a notification that from April to June once every year the IEC holders are now...
The first Sale has been a very common way out for the people to reduce the customs duty liability on the goods which are being imported to the United States. U.S. Court of International Trade, therefore, issued a decision with important ramifications for any such...
Severe container congestion has hit Shenzhen’s Yantian port. The port is responsible for handling one-third of Guangdong’s foreign trade shipments and one-quarter of China’s exports to the U.S. Yantian port mainly connects China with Europe and the U.S. The port has...
Asia-US Trans-Pacific Hits the Capacity! The shortage of containers has now hit the limit. An official report has been received stating the Asia-US trans-pacific trade is facing massive congestion due to the problem that has now taken a very challenging turn. This has...
