customs duties

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    US Goods Trade Deficit Widens, India Remains a Key Factor

    Washington, April 3 – The United States recorded a goods trade deficit of $54.91 billion with India over the past 12 months, placing it among Washington’s top deficit partners, even as the overall US trade gap widened in February, according to official data.The monthly figures showed the US...
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    India Advocates Longer Term for E-Commerce Duty Moratorium

    New Delhi, April 2 Extending the moratorium at the WTO on import duties for cross-border electronic transmissions for a longer period will bring more certainty and predictability to businesses, Commerce and Industry Minister Piyush Goyal said on Thursday.The 14th ministerial conference, which...
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    Goyal: India Prioritizes Principles Over Consensus at WTO

    New Delhi, April 2 India stood alone at the recently concluded WTO meeting in Cameroon in opposing a China-led proposal on the Investment Facilitation for Development agreement, Commerce and Industry Minister Piyush Goyal said, asserting that it is 'better to stand alone for the right than to be...
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    Congress Questions Fuel Availability as Crisis Deepens

    New Delhi, Apr 2 – The BJP and the Congress engaged in a heated debate on LPG and fuel availability, a day after the Cabinet Committee on Security (CCS) meeting, chaired by Prime Minister Narendra Modi, reviewed the impact of the West Asia crisis on essential supplies.On Wednesday, Modi called...
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    Dubai Announces Measures to Boost Economy Amid Global Challenges

    Dubai, March 31 Dubai has introduced a series of economic measures, including incentives worth AED 1 billion, for the next three to six months to help businesses and individuals overcome financial difficulties.The Executive Council of Dubai, in a meeting chaired by Crown Prince Sheikh Hamdan...
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    Digital Trade Stalls: WTO Conference Ends Without Consensus

    New Delhi, March 30 – The WTO ministerial conference in Yaounde, which concluded on Monday, failed to reach any agreement on key issues, including the extension of the moratorium on e-commerce and reforms of the global trade body.The 14th ministerial conference (MC), which concluded in the...
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    WTO Meeting Ends Without E-Commerce Moratorium Extension

    New Delhi, March 30 – The 14th Ministerial Conference (MC14) of the World Trade Organization (WTO), which concluded on Monday in Yaounde, Cameroon, failed to reach an agreement on extending the moratorium on customs duties on electronic commerce, including digital downloads and streaming.In...
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    Deep Divisions at WTO Conference Over E-commerce

    New Delhi, March 28 A sharp divide exists at the ongoing ministerial conference of the World Trade Organization (WTO) in Cameroon over the moratorium on customs duties for e-commerce, think tank GTRI said on Saturday.It said that while the US is pushing for a permanent extension of the...
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    India's Stance at WTO Meeting Focuses on Food Security and Digital Trade

    New Delhi, March 25 Protecting the livelihoods of small farmers and fishermen while safeguarding policy space for developing economies in emerging areas such as digital trade will remain central to India's position at the four-day WTO ministerial meeting beginning in Cameroon from March 26...
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    India's 'Atmanirbhar Bharat' at Risk: SJM Calls for Customs Duty Review

    New Delhi, March 20 The Swadeshi Jagran Manch (SJM) has called for an end to the suspension of customs duties on the e-transmission of digital products, stating that it is undermining the push for self-reliance, causing revenue losses, and limiting the country's ability to tax emerging...
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    Supreme Court Ruling Spurs New Tariff Strategy from Trump

    Washington, February 22 – US President Donald Trump has raised a newly imposed global tariff to 15 percent, invoking Section 122 of the Trade Act of 1974, as reported by The Wall Street Journal. This move escalates his trade offensive a day after the US Supreme Court struck down much of his...
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    Trade Deal Uncertainty: Trump’s Tariff Hike and India’s Response

    Washington/New Delhi, February 21 US President Donald Trump on Saturday announced a hike in tariffs on all countries to 15 per cent from 10 per cent, which was imposed a day earlier.Following a Supreme Court verdict against his earlier sweeping tariffs, Trump on Friday imposed a 10 per cent...
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    US Reduces Reciprocal Tariffs on India After Supreme Court Ruling

    New Delhi, Feb 21 India will now face a lower reciprocal tariff of 10 percent, down from 25 percent, after US President Donald Trump announced a new global levy on items imported into America in the wake of the Supreme Court verdict against his sweeping duties on several nations.A...
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    India's Trade Deal with US Sees Tariff Cut Following Supreme Court Ruling

    New York/Washington, February 21 India now faces a lower tariff rate of 10 percent, down from 18 percent, following President Donald Trump’s announcement of a new global levy on goods imported into America in the wake of the Supreme Court ruling against his sweeping tariffs.In a proclamation...
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