Uncategorized

India extends import restrictions on synthetic fabrics until Dec 2025

India has extended the minimum import price (MIP) on synthetic knitted fabrics until December 31, 2025.
Initially applied to five HS codes, the policy now includes eight additional codes.
The MIP of $3.5 per kg aims to protect domestic industries from cheaper imports, although SEZ, EOU, and Advance Authorisation holders are exempt if they do not sell into the domestic market.Read More

06.01.2025Comments Off,
Vietnam’s estimated 2024 growth rate 7.09%

Vietnam’s economy was estimated to have achieved a growth rate of 7.09 per cent last year, slightly below the figures of 2018, 2019 and 2022.
The industrial and construction sector contributed 45.17 per cent to the GDP growth, with a rise of 8.24 per cent.
The country’s GDP reached more than $476.3 billion last year, with per capita GDP rising to $4,700, marking a $377 rise from 2023.Read More

06.01.2025Comments Off,