Stanchart & sugar corp tussle Sep 21, 2009
When ISEC - a body appointed by the central government as an export agency under The Sugar Export Promotion Act 1958 - questioned the MFs, it was told that the lien followed instructions from ISECs banker, Standard Chartered. ISECs contention, sources said, is that the decision to put a lien was not backed by any resolution passed by its board, but on the basis of a document signed by an ISEC official who never had the full authority to do so. (India Times)
Post-Lehman gems lose shine Sep 20, 2009
That means more hardship in the jewellery business in the US, where sales have fallen every month this year to June and are not expected to recover soon; in Botswana, which is bracing for a 50 percent drop in diamond revenue this year; and in India, where 240 000 polishers and cutters may not be able to return to work for 18 months after the recession ends, according to Vasant Mehta of the Gem lery Export Promotion Council in Mumbai. "We relied on diamonds, and they betrayed us," Vilas Khoyani... (Business Report, South Africa)
Reducing Poverty through Beekeeping Sep 18, 2009
It referred to another study by Addaquay in (2006), which claimed that export orders for honey, through the Ghana Export Promotion Council (GEPC), in the range of 1,000 tonnes per annum, could not be met. Further, about 30 tonnes of honey was imported into the country annually by supermarkets. (Ghana Web, Ghana)
TIEE 2009: A Major Stage to Promote Thailand as the Region's Hub of International Education Sep 16, 2009
BANGKOK, Sept. 16 /PRNewswire/ -- Thailand's Department of Export Promotion (DEP), Ministry of Commerce, continues with its mission to promote its international education services in line with the government policy to firmly establish the Kingdom as the region's hub of education ... SOURCE Department of Export Promotion. (PR Newswire)
BIG+BIH October 2009 Offer More Reasons to Visit Sep 8, 2009
BIG+BIH, Asia's most prominent design exhibitions, are organized by the Department of Export Promotion (DEP), Ministry of Commerce for the 28th time with gifts, premiums, home decorative, artificial flowers and plants, handicrafts, household items, spa products, home textiles, toys, stationery, and other design objects used to draw international interest ... 66 (0) 2574 6415 Department of Export Promotion, Ministry of Commerce Email: www. (PR Newswire)
Diamond jewellery market to touch Rs 30,000 crore Sep 7, 2009
Sensing its expanding backyard market, the Gems and Jewellery Export Promotion Council (GJEPC) and the Gems and Jewellery Trade Federation (GJTF) have launched Anant, a generic marketing initiative aimed at driving consumer demand for diamond jewellery. More Stories from this section. (India Times, India -- Intl Business)
Govt to implement interventions to address problems of the private sector Sep 3, 2009
He said this had to change if the country was to make progress and directed Ghana Investment Promotion Centre, Ghana Export Promotion Centre and the newly restructured National Board for Small-Scale Industries (NBSSI), which were the country's focal point for promoting private sector development, to collaborate in order to bridge the skills gap and provide access to markets to make the SMEs and other Ghanaian businesses more competitive. He said government was aware of the challenges facing SMEs... (Ghana Web, Ghana)
Jewellery exports regain sheen Aug 30, 2009
However, the exports in July this fiscal showed a decline of about three per cent year-on-year, according to figures released by the Gems and Jewellery Export Promotion Council. "There is definitely an arrest in decline of gems and jewellery exports. We are getting orders for the Christmas season," Gems and Jewellery Export Promotion Council Chairman Basant Mehta said. (India Times)
FTP sets $ 200 billion export target Aug 28, 2009
The government should have given more support, said Rakesh Shah from the engineering export promotion council (EEPC) ... The existing export promotion capital goods (EPCG) scheme allows import of machinery at 3% duty against an export obligation. (India Times)
A cautious move Aug 28, 2009
Export Promotion Capital Goods scheme has been further fine-tuned in keeping with the current realities. All this will raise the fiscal burden of the Centre. (India Times)
Booster doses extended to revive growth Aug 28, 2009
The government also proposed to relax the Export Promotion Capital Goods (EPCG) Scheme to facilitate export of second hand plant and machinery. Export obligation on import of spares, moulds and others under the EPCG scheme has been reduced to 50% of the normal specific export obligation, the trade policy said. (India Times, India -- Intl Business)
Diamond bourses in offing Aug 28, 2009
Most issues concerning the industry have been taken into consideration, said Vasant Mehta, chairman of Gems lery Export Promotion Council ... The industry has also welcomed the announcement for increase in value limits of personal carriage for export promotion tours and exhibition. (India Times, India -- Intl Business)
Why can't we buy basmati for Rs 40/kg? Aug 27, 2009
Consumers have a right to be upset with any export promotion scheme that allows food to leave the country at prices which are not available to them. At a time when parmal rice is retailing for Rs 40/kg in most metro cities, if the government is convinced basmati is also available at the same price, it has been horribly misled. (India Times)
Highlights of new Foreign Trade Policy Aug 27, 2009
-Obligation under export promotion capital goods scheme relaxed. -Permission for tax refund scheme for jewellery sector. (India Times, India)
Unlocking Ghanas Services Export Potential Aug 23, 2009
In response to this state of affairs, the Ghana Export Promotion Council has had a national services export strategy drawn-up to develop and promote non-traditional services exports sector ... A Services Export Fund (SEF) is also in place to provide assistance in the form of reimbursable grants to Malaysian Service Providers for undertaking activities to venture into the international market through tendering or negotiating for international projects, conducting pre-feasibility or feasibility... (Ghana Web, Ghana)
Brazilian Ethanol Producers at the Indy Grand Prix in Sonoma, California Aug 22, 2009
UNICA's fuel supply agreement with Indy complements the association's existing global promotional project with Apex-Brasil, the Brazilian federal government's export promotion agency. The project is designed to promote Brazilian sugarcane ethanol around the world as a clean, renewable fuel. (PR Newswire)
BoA for SEZs may meet twice a month Aug 20, 2009
According to export promotion council for EOUs and SEZs director general L B Singhal, the move is an attempt by the government to implement single window facility at the zone level. The SEZ scheme is not only about providing fiscal benefits. (India Times)
50,000 visitors expected for commodity event Aug 10, 2009
Other related agencies supporting the event are Malaysian Palm Oil Council, Malaysian Rubber Export Promotion Council, Malaysian Timber Council (MTC), Malaysian Timber Certification Council and Malaysian Furniture Promotion Council. An official from MTC told StarBiz: I believe MTC has managed to attract the largest foreign participation for MICCOS 2009. (The Star Online, Malaysia -- Business)
Export Promotion Funds Available for Small Companies Aug 5, 2009
Text hiding to spacing. NEW ORLEANS, Aug. 4 /PRNewswire-USNewswire/ -- Demand for southern U.S. food and agricultural products in overseas markets is stronger than ever, and U.S. agricultural exports are expected to reach $95. (PR Newswire)
Indian diamond traders find a friend in China Aug 4, 2009
66 billion during April-June 2009, almost 5% lower than the year-ago figure, according to data published by Gem llery Export Promotion Council, the apex body of the countrys diamond industry. To sell diamonds in China, a company must set up processing units in that country, points out Sumit Shah, managing director of Renaissance Jewellery. (India Times)
Govt in talks on FTP with Export Inc Jul 25, 2009
The Directorate General of Foreign Trade (DGFT) is holding consultations with various export promotion councils to get inputs for the policy, a commerce department official told ET. ... Although we are working on extremely low margins, our buyers are complaining that our prices our high, said Rakesh Vaid, chairman, Apparel Export Promotion Council (AEPC) ... The carpet industry, on the other hand, is facing a major demand shortage and has witnessed a 24% fall in exports over the last few... (India Times)
LCD TVs, mobiles, select life saving drugs cheaper, set-top box costlier Jul 7, 2009
Export promotion councils have got total exemption from service tax. Their domestic tariff area goods should therefore become cheaper. (India Times, India)
Budget may have incentives for exporters Jul 5, 2009
Export promotion councils and the Federation of Indian Export Organisations (FIEO) had met Finance Minister Pranab Mukherjee and Commerce and Industry Minister Anand Sharma seeking incentives, including credit at 7 per cent interest ra 00004000 te and income tax holiday for five years. Impacted by drastic fall in exports in the second half of 2008-09 due to global downturn, the country's merchandise exports grew just 3. (India Times)
The State Of Our Macroeconomic Environment Jul 1, 2009
The ministry of Agriculture in collaboration with the Ghana Export Promotion Centre could design an incentive package for our farmers. These may include setting up buying agencies like what is done for the purchasing and marketing of cocoa in the country. (Ghana Web, Ghana)
Local diamond sales double Jun 27, 2009
While Gem lery Export Promotion Council (GJEPC) has no figures that could reflect on the trend, it maintains the demand for diamond-studded jewellery in India has also increased significantly over the last one year ... "For the last few months, the industry has witnessed good demand from consumers for expensive diamonds bigger than 1 carat. When diamonds were available at 15% lesser cost, investors found it to be a new investment option," Vasant Mehta, chairman of Gem lery Export Promotion... (India Times)
SAIL, Tata, JSW, Essar may face anti-dumping duty in Thailand Jun 21, 2009
The Indian firms which will face anti-dumping duty in Thailand include SAIL, Tata Steel, JSW Steel and Essar Steel on their export of 00004000 flat hot-rolled coils, used by the manufacturing sector, as per a notification of the Thai Foreign Trade office circulated to Indian industry by the Engineering Export Promotion Council. However, the Thai Committee on Dumping and Subsidy, which has cited over 350 per cent surge in imports from India during January-May this year, has given a chance to the... (India Times)
Rwanda: Dutch Agency to Strengthen Local Export Capacity Jun 17, 2009
"The programme focuses on export promotion for the developing countries which is crucial at this stage of Rwanda's development," said Frans Makken the Dutch Ambassador to Rwanda. CBI will also provide services in various areas including market information, training, and export coaching and support service development. (allAfrica.com)
NTEs performing well - Boateng Jun 16, 2009
Data available from the Ghana Export Promotion Council indicate that exports during the period amounted to 316 ... However, Mr Collins Boateng, Executive Secretary, Ghana Export Promotion Council, said NTEs were not entirely safe from the impact of the economic crisis. (Ghana Web, Ghana)
Exporters seek a slew of sops Jun 3, 2009
Representatives from eight export promotion councils and the Federation of Indian Export Organisations (Fieo) met finance minister Pranab Mukherjee on Tuesday, requesting him to include these measures in his Union Budget slated for next month. With exports falling by 33% in April, giving policy support to the segment has become one of the priorities of the new UPA government. (India Times)
15 lakh may have lost jobs May 31, 2009
About 37 per cent workers in the engineering exports sector, which employs about 40 lakh people, could lose jobs due to demand recession in the US and the European Union, an Engineering Export Promotion Council (EEPC) official said while commenting on the study conducted by the export chamber. "There is likely to be a reduction in workforce of nearly 37 per cent by June 30, 2009, over August 31, 2008," the EEPC survey said. (India Times)
World in our hands May 30, 2009
While the local rubber glove manufacturers possess the inherent entrepreneurial qualities enabling them to achieve technological excellence in production processes, government agencies like the Malaysian Rubber Board (MRB), Malaysian Rubber Export Promotion Council (MREPC), Sirim Bhd, Plantation Industries and Commodities Ministry, Ministry of International Trade and Industry (Miti), Malaysian Industrial Development Authority (Mida) and Malaysia External Trade Development Corp (Matrade) have... (The Star Online, Malaysia)
Govt clears the way for big SEZs, new rules lift 5000-Ha cap May 29, 2009
The incorporation of definition of vacant land in SEZ rules would help a number of developers, as they have been repeatedly asking the government to clarify as to what constitutes vacant land, said LB Singhal, director general, Export Promotion Council for EoUs and SEZ Units. Last year, there was a lot of debate between the ministries of finance, commerce and law over what constitutes vacant land, following the finance ministrys contention that the Essar Groups steel SEZ in Hazira did... (India Times)
'Denotification fine if duty benefits are returned' May 23, 2009
CHANDIGARH: The Export Promotion Council for EOUs and SEZs on Friday said cash-starved realty major DLF should be allowed to denotify its special economic zones if the developer is willing to refund the duty-free benefits claimed, even as the government will take the final call on the matter on June 2 ... The Export Promotion Council for EOUs and SEZs on Friday said cash-starved realty major DLF should be allowed to denotify its special economic zones if the developer is willing to refund the... (India Times, India -- Intl Business)
Survival of non-traditional exports depends on group dynamics-GEPC May 22, 2009
Mr Edward Collins Boateng, Executive Secretary, Ghana Export Promotion Council (GEPC) gave the advice at a dialogue between the Media, Small Scale Entrepreneurs and GEPC in Ho on its role in promoting Micro and Small-Scale Enterprises Sector. The forum was jointly organized by Ghana Journalists Association (GJA) and KAB Governance Consult as part of a project which seeks to use the media to strengthen business advocacy in the country. (Ghana Web, Ghana)
DGFT list demands for new govt May 3, 2009
After an intensive round of interactions with the industry, export promotion organizations and industry chambers, the Director General Foreign Trade (DGFT), under the commerce ministry, is preparing a list of recommendations for the next government ... However, officials say all export promotion schemes are likely to be included in the EID-enabled platform to reduce transaction cost. (India Times)
The EU Can Ignore Eastern Europe at Its Own Peril Apr 28, 2009
And export promotion can only work if protectionism does not overwhelm Western Europe the home for many of Eastern Europes exports. Indeed, Western Europe should take note how critical it is to Eastern Europes recovery: without Western Europes support, the regions growth engines would be impaired, making its politicians more skeptical of future integration. (YaleGlobal Online Magazine, CT)
Valley restaurants promote Thai New Year Apr 11, 2009
The Royal Thai Government Ministry of Commerce s Department of Export Promotion is organizing the week of events in cities across the U.S., including Phoenix. Restaurants including Thai Basil in Chandler; Swadee, Thai Elephant, Tipps 88, Wild Thaiger and Yupha s Thai Kitchen, all in Phoenix; Malee s Thai Bistro, Thai Pan and Swadee in Scottsdale; and Thai Elephant in Tempe are participating in the promotion. (Phoenix Business Journal, AZ)
Rwanda: Why Investors Are Flocking to Country Apr 10, 2009
"The Rwandan Government pro-actively addresses the perception of 'brown envelopes' needed to conduct business and shares Blue's zero tolerance policy. Very closely aligned to this is the ease in which business can be conducted. To facilitate investment in that country, the Rwanda Investment and Export Promotion Agency (RIEPA) has been established. The actual red tape usually required to work through was largely mitigated by the active involvement and support of RIEPA" he claims. Reinders cites... (allAfrica.com)
Klobuchar traveling in Asia with Graham and McCain9:40 am | (No comments posted.) Apr 8, 2009
Klobuchar, who chairs the Competitiveness, Innovation and Export Promotion Subcommittee of the Senate Commerce Committee, will meet with Asian leaders about opening new markets for Minnesota products, specifically agricultural products, according to a statement from her office. The delegation is scheduled to tour the Hanoi Hilton in Vietnam the prison where McCain was held captive for six years as a prisoner of war during the Vietnam War. (Watertown Public Opinion, SD)
CBDT untangles tax net relief on export Mar 18, 2009
Industry organisations including the Export Promotion Council for EOUs and SEZs had also made representations to the revenue officials. EOU is defined as hundred percent export-oriented undertaking approved by the board appointed by the central government under the Industries Development and Regulation Act, 1951. (India Times)
AfDB and Rwanda Sign Grant Agreements for Skills and Enterprise Development Mar 14, 2009
Kigali The agreements were signed by Rwanda's Finance Minister, James Musoni, and the Bank Group's Field Office Resident Representative, Jacob Diko Mukete. Speaking during the event, Mr. Musoni expressed appreciation for the excellent relations between his country and the Bank Group. (allAfrica.com)
Uganda Update Winter 2008-2009 Mar 14, 2009
Judges were drawn from government and civil society including the Uganda Bureau of Standards, the Uganda Manufacturers Association (UMA), the Uganda Export Promotion Board (UEPB), the Federation of Uganda Employers (FUE), the Uganda National Council of Science and Technology (UNCST), the National Environment Management Authority (NEMA) and the Uganda Journalists' Association. Best Corporate Citizen. (allAfrica.com)
FMM says export sector not given prominence Mar 11, 2009
Among the proposals were export tax rebates, double tax reduction on freight charges, greater financial support for export promotion activities undertaken by Government agencies and trade associations to assist exporters in retaining existing and securing new markets. If measures are not taken to boost exports, we will lose market share. (The Star Online, Malaysia -- Business)
Surat woes: Diamond jobs not forever Mar 9, 2009
At about $11 billion, India's exports of cut and polished diamonds is down about 3 percent so far this fiscal year from April, the Gem lery Export Promotion Council (GJEPC) said. Several diamond units have abandoned their business entirely, installing textile machinery or taking on other work. (India Times)
SEZ approval in model election code Mar 9, 2009
Clearances pertaining to approved SEZs are necessary so that there are no delays in production activities, export promotion council for EOUs and SEZs director general LB Singhal said. The government has approved over 570 SEZs of which less than 300 zones have been notified while only 87 are functional. (India Times)
Kenya: Maasai Women Artisans Eye Global Market Mar 7, 2009
The Commonwealth Secretariat and the Kenya Export Promotion Council are working with these women artisans to make their products more attractive on the international market. "The idea is to take them out of the traditional crafts they do, based on received knowledge, and get them to produce market-inspired crafts that can earn them money and improve their business," said Timothy Williams, Head of Enterprise and Agriculture at the Commonwealth Secretariat. (allAfrica.com)
MOZAMBIQUE DROUGHT Mar 7, 2009
Joao Macaringue, the chief executive of the government's Institute for Export Promotion, told Reuters demand for Mozambican produce should weather the downturn. "The majority of our export products are agricultural-based (so) I can see a room for some of our products finding a space on the international market," he said. (AlertNet)
Diamond sector may sparkle again Mar 7, 2009
If accepted, the diamond industry will get a big relief, said Chandrakant Sanghavi, chairman of Gujarat region of Gem lery Export Promotion Council. According to Surat Diamond Association president CP Vanani, If banks will lend money against polished diamonds, it will solve the liquidity problem of the industry, he said. (India Times)
SMEs cry for craft village Mar 5, 2009
He appealed to the Ghana Export Promotion Council and the Ghana Tourists Board to assist the STMA to fund the village. 4 March 09. (Ghana Web, Ghana)
AGI, India Export Promotion Council sign agreement Mar 3, 2009
Accra, March 2, GNA - The Association of Ghana Industries (AGI) and Engineering Export Promotion Council, India (EEPC India) at the week-end signed a co-operation agreement to promote development of business opportunities between Ghana and India. Under the agreement signed in Accra, AGI and EEPC India agreed to promote trade and investment relations between the two countries. (Ghana Web, Ghana)
Export target unduly Optimistic Feb 28, 2009
Hence most measures, apart from the 2% reduction in customs duty under the export promotion capital goods (EPCG) scheme and special incentive of Rs 325 crore for sectors like handmade carpets, leather and technical textiles from April 1 are non-fiscal. Thus benefits under Duty Entitlement Pass Book (DEPB) scheme can now be extended without waiting for realisation of export proceeds. (India Times)
File: Govt unveils policy to push exports; $200bn target set Feb 27, 2009
Now the STCL Limited, Diamond India Limited, MSTC Limited, Gem lery Export Promotion Council and star trading houses have been added under the list of nominated agencies ... Customs duty under export promotion capital goods scheme cut to 3% from 5. (India Times, India)
India Economy Grows at Slowest Pace Since 2003, Adds Pressure for Rate Cut Feb 27, 2009
A survey of 50 textile companies by the Apparel Export Promotion Council of India released this month found they slashed 14 percent of their workers in November. The government expects economic growth to slow to 7. (Bloomberg -- Asia)
Have successive trade policies failed to build a competitive advantage for Indian exports? Feb 27, 2009
It removed import restrictions on worked corals, allowed authorised persons of gem lery units in 100% export-oriented units to carry up to 10 kg of gold, and added star trading houses (in the gems llery sector), the Gem lery Export Promotion Council and Diamond India among others to import precious metals ... Export obligations have been relaxed for exporters who imported machinery at concessional rates under the export promotion capital goods scheme. (India Times)
Make use of palm biodiesel compulsory to cut CPO stockpiles Feb 27, 2009
PRIME is one of MPOCs palm oil export promotion strategies aimed at encouraging exporters to penetrate new markets and introduce innovative product lines in order to develop new areas of business. Most Viewed. (The Star Online, Malaysia -- Business)
Oil discovery calls for action on salt industry - Boateng Feb 26, 2009
Accra, Feb. 25, GNA - Mr. Edward Collins Boateng, Executive Secretary of the Ghana Export Promotion Council (GEPC), says the discovery of oil should provide the necessary impetus for concrete action to develop the salt industry in the country ... The Ghana Export Promotion Council (GEPC) identified the sector as one to be promoted to aid the diversification of the economy. (Ghana Web, Ghana)
Special package for exporters likely Feb 26, 2009
A set of measures to dilute the export obligation against duty free import of machinery and raw materials under schemes such as the export promotion capital goods scheme are on the cards. The government may announce lower export obligations and more time to meet them. (India Times)
FICCI for exclusive export promotion council for auto sector Feb 24, 2009
New Delhi (PTI): Industry body FICCI on Monday said India should form a separate export promotion council for the country's automotive sector to achieve five per cent share in the global automotive trade in the next 10 years. "FICCI has expressed the need for forming a separate export promotion council for India's automotive sector that would work with a mission of achieving five per cent share for India in the global automotive trade," the chamber said in a statement. (Hindu)
Cheap, simple deals await exporters Feb 23, 2009
To make it easier for industry to meet its export obligations at a time of declining orders, the government could give importers of duty-free machinery under schemes such as the export promotion capital goods (EPCG) more time to meet their export obligations. The average export obligation for exporters may also be reduced, the official said. (India Times)
Hyundai gets Top Exporter award Feb 18, 2009
Chennai (PTI): Second largest car manufacturer Hyundai Motor India Ltd today said that it has been awarded the Top Exporter of the year Award for 2006-07 by the Engineering Export Promotion Council which is the apex industry body set up by the Ministry of Commerce. The award was in recognition of Hyundai's contribution to Engineering Exports during the year 2006-07, a company release here said. (Hindu)
India's gems, jewellery exports up by 7 pc Feb 17, 2009
67 crore in the April-January 2009 period, according a Gems and Jewellery Export Promotion Council (GJEPC) data. Exports of gem and jewellery stood at Rs 67,754. (Hindu)
Nigeria: Govt Removes Major Barrier for Exporters Feb 17, 2009
The meeting, which was held behind closeddoors, at the Federal Ministry of Finance, was attended by representatives from the Federal Ministry of Commerce and Industry, Cen-tral Bank of Nigeria (CBN), Nigeria Customs Service, Nigeria Export Promotion Council (NEPC), Manufactur-ers Association of Nigeria (MAN), Economic and Finan-cial Crimes Commission (EFCC), Presidential Commit-tee on Trade Malpractices, Fiscal Policy and Budget Monitoring Department of the Federal Ministry of Finance and... (allAfrica.com)
Haryana plans liquor vends quota for SC, OBC Feb 17, 2009
The Electronics and Computer Software Export Promotion Council (ESC) of Middle East is participating in a big way in INDIASOFT 2009, the largest IT global networking even. . (All India Radio)
Govt aims at wider access for SMEs to giant retailers Feb 14, 2009
Fauzi said prospective lobbying would be led by the Trade Mnistry's directorate general for domestic trade and the National Export Promotion Agency (BPEN). The Trade Ministry's domestic trade director general, Subagyo, and BPEN head Bachrul Chairi did not respond to the Post's on this point. (Jakarta Post, Indonesia -- Business)
RBI sets up task force for diamond industry Feb 13, 2009
According to Mr Vasant Mehta, Chairman, Gem & Jewellery Export Promotion Council (GJEPC), almost one lakh out of the estimated eight lakh people employed in the diamond industry had lost their jobs in the last one year on account of the global demand slowdown. Payment cycles have got elongated due to the global credit crunch. (Hindu Business Line)
