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Guides

Incoterms®: Delivered Duty Paid - Cogoport

Under the DDP Incoterm®, when the seller has delivered the items - from the port to the door - the buyer is responsible for all risk and liability relating to those goods.

Expert Speak

The Automobile Industry Drives India’s Economy

The automobile industry in India accounts for 12 percent of the Gross Value Added (GVA) in the manufacturing sector. Recognized as a core sector, the auto industry contributes 49 percent to India’s manufacturing GDP, 7.5 percent to the GDP at large, and is responsible for 32 million jobs.

Expert Speak

Sustainability is the Key for Sourcing

As sustainability and conservation become ethical concerns, companies must keep in mind the social and environmental implications of their sourcing and supply chain strategies. Sustainable sourcing is essential to all industries.

Trade News

India restricts exports of flour and derivatives

After the ban on wheat in May, India now restricts flour exports and other derivatives. The central government (Centre) has now put restrictions on wheat exports and other related products like maida, semolina (rava), whole meal atta and resultant atta.

Expert Speak

Global Port Congestions and the Shipping Crisis

Over the past two and a half Covid-stricken pandemic years, the world has been disrupted by port congestions and the shipping crisis. This has crippled numerous industries and company operations. Read on to know more about how this crisis shifted trade flows from the US west coast and east coast, where American ports require up to $168 billion of investment and are facing Chinese logistics woes.

Expert Speak

A Showcase of India’s Top 10 Trade Partners

In the wake of the US surmounting China as India’s top trade partner in 2021 - 22, it is pertinent to take a look at South Asia’s biggest economy’s top 10 trade partners. Interestingly, barring the top trade partner, the US, India has a trade deficit with the rest of the nine partners, amounting to a colossal $154.7 billion. Only the top two partners, the US and China have bilateral trade above $100 billion whereas the bottom three, Indonesia, South Korea and Australia roughly have the same quantum of around $25 billion. Read on to know more about how crucial is the Gulf geography for India’s economy et al.

Trade News

Over 90% Export from India to UAE now duty-free

CEPA between India & UAE came into effect on May 1. It aims to increase bilateral trade between both nations to $100 billion by 2030.

Trade News

Ocean carriers seriously eyeing freight pie

Ocean carrier powerhouses CMA CGM, Maersk, MSC, and others-- awash with cash from the past few years--are looking from the high seas up to the sky. They are keen to grab some of the air freight pie as a decent chunk of sea freight is buoying upwards, with shipping line – airline partnerships. Such players include CMA CGM – Air France – KLM, Maersk Air Cargo and MSC’s courting of Lufthansa.

Trade News

US now India’s Largest Trade Partner FY 21 - 22

Around the time India inked the Indo-Pacific Economic Framework for Prosperity (IPEF) pact as a founding member with the US, the world’s largest economy surpassed China as India’s top trade partner for the fiscal year 2021 – 22.