India keeps edible oil import duty lower until March 2025, imposes 50% export tax on molasses

India keeps edible oil import duty lower until March 2025, imposes 50% export tax on molasses

The Indian government on Tuesday extended lower import duty on edible oil by a year, till March 2025. The lower import duty structure on crude palm oil, crude sunflower oil, and crude soy oil was orig...

How global trade could fragment after the EU’s tax on ‘dirty’ imports

How global trade could fragment after the EU’s tax on ‘dirty’ imports

In Jiaxing, a manufacturing town on the outskirts of Shanghai, 400 steel industry executives and engineers gathered last November to tackle an enormous task: weaning the world’s biggest steel producer...

Six things to watch in 2024 global economy, from tax cuts to AI | Global economy

Six things to watch in 2024 global economy, from tax cuts to AI | Global economy

Recession, stagflation, a cost of living crisis, damaged public finances and higher interest rates. The four years since a new deadly virus spread around the world from the Chinese city of Wuhan has b...

UK’s carbon tax may impact $775 mn worth of Indian goods

UK’s carbon tax may impact $775 mn worth of Indian goods

The UK on Monday decided to implement its carbon border adjustment mechanism (CBAM) from 2027, a move that could subject $775 million of Indian exports or 6.8% of the exports to the country to 14-24% ...

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