By using this site, you agree to the Privacy Policy and Terms of Use.
Accept
Latest World News UpdateLatest World News UpdateLatest World News Update
  • Home
  • Business
  • National
  • Entertainment
  • Sports
  • Lifestyle
  • Health
  • Science
  • Tech
  • World
  • Marathi
  • Gujarati
  • Hindi
  • Press Release
    • Press Release Distribution Packages
  • Legal Talk
Notification Show More
Font ResizerAa
Latest World News UpdateLatest World News Update
Font ResizerAa
  • Home
  • Business
  • National
  • Entertainment
  • Sports
  • Lifestyle
  • Health
  • Science
  • Tech
  • World
  • Marathi
  • Gujarati
  • Hindi
  • Press Release
    • Press Release Distribution Packages
  • Legal Talk
Follow US
Latest World News Update > Blog > Business > Trade agreements, new markets contribute to robust export growth in 2024 – World News Network
Business

Trade agreements, new markets contribute to robust export growth in 2024 – World News Network

worldnewsnetwork
Last updated: December 26, 2024 12:00 am
By worldnewsnetwork
Share
4 Min Read
SHARE

New Delhi [India], December 26 (ANI): India is enhancing trade through FTA agreements and leveraging them to ensure certainty in market access, non-discriminatory treatment and a transparent and objective regulatory environment for services exports.
Trade agreements and forays in the new markets have contributed to robust export growth in 2024, according to Year End Review of the Department of Commerce.
India has bilateral trade agreements, including Trade in Services, with Singapore, South Korea, Japan, Malaysia, Mauritius, UAE, Australia and an FTA in services and investment with the Association of South East Asian Nations (ASEAN). The India- EFTA Trade and Economic Partnership Agreement (TEPA) was signed in March 2024.
India is engaged in FTA negotiations including in Trade in Services with the UK, the EU, Oman, Peru, and Sri Lanka. India is also engaged in negotiations on a Comprehensive Economic Cooperation Agreement (CECA) with Australia building upon the market access commitments in Trade in Services under India- Australia Economic Cooperation Trade Agreement (ECTA).
“India is leveraging its FTA engagements to achieve these goals by ensuring certainty in market access, non-discriminatory treatment and a transparent and objective regulatory environment, for our Services exports,” an official release said.
Apart from the above trade agreements, India has initiated various other bilateral and multilateral trade agreements in goods and services with various countries and associations.
Discussions were held on concluding the ASEAN India Trade in Goods Agreement (AITIGA) Review negotiations by 2025.
India’s total exports during April-October 2024 exhibited a positive growth of 7.3 percent. Total exports (merchandise and services) during April-October 2024 stood at USD 468.5 billion as compared to USD 436.5 billion during April-October 2023.
Total imports (merchandise and services) during April-October 2024 stood at USD 531.6 billion as compared to USD 496.5 billion in April-October 2023, registering a growth of 7.1 percent.
Agriculture,engineering,electronics,drugs and pharmaceuticals were among sectors that showed healthy growth in exports.
India has strengthened its leadership in traditional exports with labour-intensive sectors while expanding into new areas. During April-October 2024 the agricultural and allied products exports were USD 27.84 billion as compared to USD 26.90 billion in April-October 2023.
The release said exports of spices have risen from USD 2.4 billion in 2013-14 to USD 4.2 billion in 2023-24, for April-October 2024 they were USD 2.47 billion as compared to April-October 2023 when they are USD 2.24 billion, registering a growth of 10 per cent.
Basmati rice exports increased from USD 4.8 billion to USD 5.8 billion, and non-basmati rice exports from USD 2.9 billion to USD 4.6 billion.
In April-October 2024, the exports of basmati rice were USD 3.38 billion as compared to April-October 2023 when they were USD 2.96 billion, registering a growth of 14.28 per cent. (ANI)

Contents
WORLD MEDIA NETWORKPRESS RELEASE DISTRIBUTIONPress releases distribution in 166 countriesPress releases in all languagesPress releases in Indian LanguagesIndia PackagesEurope PackagesAsia PackagesMiddle East & Africa PackagesSouth America PackagesUSA & Canada PackagesOceania PackagesCis Countries PackagesWorld Packages

Disclaimer: This story is auto-generated from a syndicated feed of ANI; only the image & headline may have been reworked by News Services Division of World News Network Inc Ltd and Palghar News and Pune News and World News

sponsored by

WORLD MEDIA NETWORK


PRESS RELEASE DISTRIBUTION

Press releases distribution in 166 countries

EUROPE UK, INDIA, MIDDLE EAST, AFRICA, FRANCE, NETHERLANDS, BELGIUM, ITALY, SPAIN, GERMANY, AUSTRIA, SWITZERLAND, SOUTHEAST ASIA, JAPAN, SOUTH KOREA, GREATER CHINA, VIETNAM, THAILAND, INDONESIA, MALAYSIA, SOUTH AMERICA, RUSSIA, CIS COUNTRIES, AUSTRALIA, NEW ZEALAND AND MORE

Press releases in all languages

ENGLISH, GERMAN, DUTCH, FRENCH, PORTUGUESE, ARABIC, JAPANESE, and KOREAN CHINESE, VIETNAMESE, INDONESIAN, THAI, MALAY, RUSSIAN. ITALIAN, SPANISH AND AFRICAN LANGUAGES

Press releases in Indian Languages

HINDI, MARATHI, GUJARATI, TAMIL, TELUGU, BENGALI, KANNADA, ORIYA, PUNJABI, URDU, MALAYALAM
For more details and packages

Email - support@worldmedianetwork.uk
Website - worldmedianetwork.uk

India Packages

Read More

Europe Packages

Read More

Asia Packages

Read More

Middle East & Africa Packages

Read More

South America Packages

Read More

USA & Canada Packages

Read More

Oceania Packages

Read More

Cis Countries Packages

Read More

World Packages

Read More
sponsored by
Share This Article
Facebook Twitter Copy Link Print
Leave a comment Leave a comment

Leave a Reply Cancel reply

Your email address will not be published. Required fields are marked *

Fast Four Quiz: Precision Medicine in Cancer

How much do you know about precision medicine in cancer? Test your knowledge with this quick quiz.
Get Started
APSEZ breaks records: Handles 420 MMT cargo globally, sets new milestones in March 2024 – World News Network

The company announced that it achieved its highest ever monthly cargo volumes,…

Stock market opens on a bullish note: Nifty-Sensex surge – World News Network

Simultaneously, the BSE Sensex followed suit, leaping by 317.27 points or 0.43…

IIHM Institute of Hospitality Skills (IIHS) opens largest training centre in Udaipur – World News Network

New Delhi [India], April 1: IIHM Institute of Hospitality Skills (IIHS), India's…

Your one-stop resource for medical news and education.

Your one-stop resource for medical news and education.
Sign Up for Free

You Might Also Like

Dark clouds of uncertainty still hover over global economy but it has done better than feared: IMF Chief – World News Network

By worldnewsnetwork

Mondelez India Strengthens its Sustainability Agenda with Climate-tech Investment in Promethean Energy – World News Network

By worldnewsnetwork

Mondelez India Strengthens its Sustainability Agenda with Climate-tech Investment in Promethean Energy – World News Network

By worldnewsnetwork

India Needs Community-Driven Approach To Tackle Adolescent Health Challenges: Experts” – World News Network

By worldnewsnetwork

Sports

Mohun Bagan Super Giant’s 22-year wait for IFA Shield ends with shootout win against East Bengal – World News Network
Sports
“India’s morale remains high despite consecutive losses”: Deepti Sharma – World News Network
Sports

Popular Category

  • Business
  • Entertainment
  • Health
  • Lifestyle
  • National
  • Science
  • Sports
  • Tech
  • Videos
  • World
  • Marathi
  • Hindi
  • Gujarati
  • Press Release
  • Press Release Distribution Packages

Entertainment

Here’s how Neena Gupta plans to make her Diwali celebrations “special” this year – World News Network
Entertainment
Konkona Sensharma, Rohan Sippy open up about ‘Search: The Naina Murder Case’ and its complex characters – World News Network
Entertainment
Latest World News UpdateLatest World News Update
Copyright © 2024 World News Network. All Rights Reserved
Welcome Back!

Sign in to your account

Lost your password?