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India and New Zealand have taken a significant step toward strengthening their bilateral relationship by advancing discussions around a Free Trade Agreement (FTA). This proposed agreement aims to enhance economic cooperation, boost bilateral trade, and create new opportunities for businesses in both countries. With global supply chains evolving and countries…

In international trade, timely realization of export proceeds is one of the most important compliance requirements for every exporter. But in real business scenarios, not every export transaction results in successful payment from the overseas buyer. Delays, disputes, cancellations, or business closures may prevent the exporter from receiving the foreign…

In a significant move to ease export compliance and simplify trade procedures, the Reserve Bank of India (RBI) has empowered authorised dealer (AD) banks to close EDPMS (Export Data Processing and Monitoring System) entries independently for consignments up to ₹10 lakh without seeking prior approval from the central bank. Earlier,…

For exporters, every refund matters — especially when it comes to customs duty drawback, a key incentive designed to promote exports and improve profitability. However, many exporters face long delays in receiving their pending duty drawback refunds. If your claim has been stuck for months, understanding the type of drawback…

The Trade and Economic Partnership Agreement (TEPA) between the Republic of India and the four European Free Trade Association (EFTA) States—Iceland, Liechtenstein, Norway, and Switzerland—represents a pivotal advancement in India’s trade diplomacy. Signed in March 2024, the landmark agreement is scheduled to enter into force on October 1, 2025. This…

The India-UK Comprehensive Economic and Trade Agreement (CETA), formally signed on July 24, 2025, represents a landmark achievement in the bilateral economic relationship between two of the world’s leading economies. Described by the UK government as its “biggest and most economically significant new bilateral FTA since leaving the EU,” the…

The India-UK Comprehensive Economic and Trade Agreement (CETA), signed on July 24, 2025, represents a watershed moment for Indian exporters seeking to expand their presence in the lucrative UK market. This landmark agreement provides duty-free access for 99% of India’s exports to the UK, covering nearly 100% of trade value.…

As India continues to strengthen its position in global trade, exporters face increasing regulatory requirements to ensure compliance with foreign exchange regulations. One crucial system that every exporter must understand is the Export Data Processing and Monitoring System (EDPMS) and its closure process. Recent developments have made this topic even…

In July 2025, India and the United Kingdom formally signed the landmark Comprehensive Economic and Trade Agreement (CETA) after three years of intensive negotiations. The agreement was ceremonially signed on July 24, 2025, at Chequers, the official country residence of British Prime Minister Sir Keir Starmer, with Prime Minister Narendra…