UAE hosts First Exporters Forum

November 4th, 2009 NEW DELHI - Indian garment exporters, already reeling under a severe demand crunch in key markets, have expressed concern over the application for bankruptcy protection filed in the US by CIT group, among the largest lenders to small and medium sized businesses. "Nearly 80 percent of Indian exporters service small US vendors.

October 22nd, 2009 NEW DELHI - The US-India chief executives' forum will be one of the side events during Prime Minister Manmohan Singh's visit to Washington next month, according to US embassy's minister-counselor for commercial affairs Carmine D'Aloisio. We are planning to have CEOs' (chief executives) encounter during the state visit, D'Aloisio told IANS on the sidelines of a function here.

October 11th, 2009 Rainy-day oil funds see Mideast through downturnDUBAI, United Arab Emirates — The Middle East has weathered the global economic downturn better than other parts of the world because its energy exporters were able to tap billions of dollars in oil profits collected when prices were booming, the International Monetary Fund said Sunday. By reaching into those reserves, major oil producers like Saudi Arabia shielded their economies from the worst of the slump by maintaining government spending and injecting liquidity into domestic banking systems rattled by the credit crisis.

September 30th, 2009 GENEVA - Global trade, projected to fall by a full 10 percent this year, could be dealt an even bigger blow if members of the World Trade Organization were to adopt the full range of protectionist measures they are allowed, the head of the WTO has warned. Exporters could be faced with tariff hurdles twice their current level, Pascal Lamy told delegates at the annual WTO public forum.

September 23rd, 2009 Obama: UN has often been forum for discordUNITED NATIONS — President Barack Obama says the United Nations is at a pivotal point in its history. Obama says the UN has done extraordinary good around the world, but has often been a forum for discord instead of forging common ground.

September 8th, 2009 GENEVA - Switzerland Tuesday replaced the US in the top place in the World Economic Forum (WEF) ranking of most competitive countries for doing business. "The United States falls one place to second position, with weakening in its financial markets and macroeconomic stability," the Geneva-based foundation said.

September 1st, 2009 PANAJI - Iron ore exporters in Goa say Australia's Yandi mines have emerged as a tough competition. According to Goa Mineral Ore Exporters Association (GMOEA) executive director S.

August 27th, 2009 NEW DELHI - The Government will unveil its foreign trade policy today for the next five years starting from FY10. It is expected to eliminate or refund taxes and offer cheaper bank credit to recession-battered exporters, besides encouraging them to look beyond the US and European markets.

July 3rd, 2009 DHAKA - Bangladesh's exporters have made common ca use with Indian importers to urge Dhaka to reduce taxes on the prized hilsa fish and place it on par with frozen shrimp and other marine products it exports to other countries. Slackening export of Bangladeshi hilsa to India would make way for cheaper hilsa from Myanmar, besides affecting the lives of over 600,000 fisherfolk and traders on both sides, they said at a joint media conference.

June 17th, 2009 NEW DELHI - Federation of Indian Chamber of Commerce and Industry (FICCI) has called for cheap export credit and income tax exemption for export earnings for Indias garments exporters. At a meeting with Textiles Minister Dayanidhi Maran Wednesday, FICCI advocated credit for exporters at an interest rate of 7 percent, 100 percent exemption on income tax for export earnings for three years, initiation of skill development programmes, and reimbursement of duties to exporters.

March 30th, 2009 CHENNAI - India's engineering industry, which saw 20 percent fall in exports this fiscal, should focus on increasing trade with the 'untapped' markets in Latin America and the Commonwealth of Independent States (CIS), a top industry leader said here Monday. 'Exports to Latin American countries have increased from $1 billion in 2006-07 to $1.15 billion in 2007-08, which proves that these markets are largely untapped,' Mahesh K.

March 12th, 2009 NEW DELHI - As a result of deteriorating indo-Pak relations post the Mumbai terror attacks, cross-border trade is likely to witness a sixty percent decline in fiscal 2009-10. The trade relatio has hit the new low because Indian exporters are scared from doing business with Pakistani businessmen, a FICCI survey has revealed.

January 5th, 2009 NEW DELHI - The Indian export sector will lose nearly 10 million jobs by March following cancelled orders and higher transaction costs, a top official of an Indian exporters' forum said here Tuesday. 'This year is already bad for exporters and the next fiscal is only going to be worse.

January 3rd, 2009 NEW DELHI - Aggressive pricing by Chinese exporters, coupled with lack of credit flow and cancellation of orders, is crippling India's exports, which may go down further in the first half of 2009, said an industry lobby survey, released here Sunday. According to the report by the Federation of Indian Chambers of Commerce and Industry (Ficci), Indian exporters are facing 'meet the China price' challenge from across the market.

December 25th, 2008 NEW DELHI - The government Friday announced allocation of Rs.3.5 billion (Rs.350 crore) to the state-run Export Credit Guarantee Corp of India Ltd (ECGC) for providing higher risk cover to micro, small and medium exporters (MSME). The Cabinet Committee on Economic Affairs gave its approval for allocation of the amount that will increase the risk cover to the MSMEs from 85 percent to 95 percent.