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Searched Tag: global trade research initiative gtri

GTRI calls to withdraw FTA cuts on precious metals

August 16, 2024, 03:00 PM - 2 min read

GTRI urged the Indian government to review the India-UAE Free Trade Agreement (CEPA), specifically calling for the withdrawal of duty concessions on precious metals and stricter rules of origin. GTRI warns that current provisions could harm India's domestic jewellery industry and facilitate misuse, leading to significant customs revenue loss and increased bullion imports.

The EU's suggestion that India could bypass its carbon tax by imposing a similar levy locally is unlikely to alleviate the financial burden on domestic players, as they would still owe the duty for their exports to the European Union, think tank GTRI stated on Wednesday.

EU's carbon tax proposal faces skepticism in India

July 31, 2024, 12:10 PM - 2 min read

The EU plans to enforce the CBAM, or carbon tax, starting January 1, 2026. However, beginning this October, companies in seven carbon-intensive sectors, such as steel, cement, fertilizer, aluminum, and hydrocarbon products, must report their carbon emissions data to the EU. GTRI warned that the fully implemented EU-CBAM would impose a 20-35% import tax on Indian firms. Additionally, the domestic industry would be compelled to disclose all plant and production details to the EU.

In the wake of escalating trade tensions between the United States and China, concerns are mounting over the possibility of India becoming a dumping ground for Chinese products, particularly electric vehicles (EVs) and batteries.

India faces dumping threat amid US-China trade tensions

May 15, 2024, 05:57 PM - 2 min read

With the U.S. and the European Union (EU) reducing imports of electric vehicles from China, there's a risk that China could resort to dumping these products in countries like India.

Specialists urge coordinated action to elevate Geographical Indications (GI) products like Kala Namak, rice, and Nagpur oranges to premium status globally, highlighting their vast export potential.

Experts emphasize promotion of geographical indications products for boosting exports

March 6, 2024, 11:51 AM - 2 min read

Ajay Srivasatava, Founder of the Global Trade Research Initiative (GTRI), highlighted the inadequacies in branding, promotional activities, and limited access to global markets as factors contributing to the underperformance of Indian GI products internationally. He emphasized the importance of strengthening these areas to enhance the global presence and market value of Indian GI products.

According to a report, India's proposed trade agreements with the UK, Oman and four European nation bloc EFTA will reflect its commitment to trade liberalisation and economic integration

India's trade pacts with EFTA reflects positive signal of economic integration: GTRI

February 23, 2024, 11:30 AM - 2 min read

"Everyone wants to do an FTA with India. The main reason for this is India's high import duties, which make it difficult for these countries to access India's large and rapidly growing market," the report said. It added that these three pacts with UK, Oman, and the European Free Trade Association (EFTA) also reflect a shift in India's focus from east to west in terms of preferential trade partnerships.

GTRI calls to withdraw FTA cuts on precious metals

EU's carbon tax proposal faces skepticism in India

India faces dumping threat amid US-China trade tensions

Experts emphasize promotion of geographical indications products for boosting exports

India's trade pacts with EFTA reflects positive signal of economic integration: GTRI

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