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Choosing the right products for export or import is crucial to the success of any international trade venture. Here are some key factors to consider when making your selection:1.Market Demand and TrendsResearch: Identify countries with high demand for your chosen products.Trends: Stay updated on global trends and consumer preferences.Competition: Analyze the competitive landscape in the target mar...
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While this list provides a general overview, specific requirements may vary depending on the nature of your goods, destination country, and applicable regulations. Always consult with relevant government agencies and trade experts for accurate and up-to-date information.1.Core Documents Bill of Lading (BL): This document serves as a contract of carriage between the shipper,...
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Effective communication is crucial for successful exporting. Understand your target market's language and cultural nuances to tailor your message appropriately. Use clear and concise language, avoiding jargon and technical terms. Choose the right communication channels, whether it's email, phone calls, or video conferencing, and ensure timely responses. Build trust through open and honest communic...
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When finding buyers, focus on identifying your target market, leveraging online marketplaces and trade shows, building strong relationships, and understanding import regulations. For your first export shipment, prioritize choosing a reliable shipping company, proper packaging, accurate customs documentation, comprehensive insurance, and effective tracking and communication. By carefully considerin...
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India's merchandise exports continued their upward trajectory during April-October, with 21 of the top 30 sectors registering growth in value terms, buoyed by rising global demand for Indian goods.Growth in key sectors like pharmaceuticals, electronics, and engineering goods contributed to the overall gains, while a sharp decline was reported in traditionally strong sectors—petroleum and gems and...
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Simplified Two-Slab GST StructureIndia replaces its four-rate GST model with just two major slabs—5% (merit rate for essentials) and 18% (standard rate), plus a special 40% rate for luxury and sin goods (tobacco, pan masala, luxury cars).Essentials such as milk, Indian breads, soaps, shampoos, and pre-packed foods shifted to nil or 5% GST.Consumer durables like small cars, TVs,...
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A New Gateway to Europe: India-EFTA Trade Pact Comes into Force on October 1, 2025Date: September 26, 2025For: Import-Export Trainees & ProfessionalsThe international trade landscape is set for a significant shift as the landmark Economic Partnership Agreement between India and the European Free Trade Association (EFTA) officially comes into effect on October 1, 2025. For aspiri...
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1. Overview: India’s Export Performance in 2025India’s total exports, including merchandise and services, have surged significantly in 2025. For the April–September 2025 period, exports reached approximately USD 413.3 billion, marking a 4.45% year-on-year rise compared to the same period last year. The government remains focused on achieving the ambitious target of USD 1 trillion in annual exports...
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