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8/2/2019 44071769 Major Problem
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MAJOR PROBLEM
INEXPORT SECTOR
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EXPORT
Defenition:-
Transferring of any good from one country to
another country in a legal way for the purpose oftrade.
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INDIANEXPORT -SECTOR
Agriculture product
Handicraft items
Cotton & readymade garment
Food
Furniture
Textile
Jewellery
Cosmetic goods
Footwear(leather products)
Medical appliances
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India exports its goods to some of the leadingcountries of the world such as UK, Belgium, USA,China, Russia, UAE,
In the past ten years, Indian exports have grown ata rate of nearly 22%. Some commodities haveenjoyed faster export growth than others
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MAJOR EXPORT ITEMSOF INDIA
cotton, textiles,
jute goods,
tea, coffee,
cocoa products, rice, wheat,
pickles, mango pulp, juices, jams, preservedvegetables etc.
medical appliances Petro-chemical product
Steel product
Leather goods
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MAJOR PROBLEMINEXPORT
There are few problems which need to be solvedbefore India makes a mark for itself in the exportsector. The Indian goods have to be of superiorquality. The packaging and branding should be
such that countries are interested to export fromIndia. At the same time India must look for potentialmarket to sell their goods. The government shouldframe policies which gives boost to the exports.
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CONT.
Subsidies introduce in agri sector in developednation
Govt. policy
Emerging china Indian rupee (appreciation)
Infrastructure
Poor transportation
Inadequate port Regional trade block
Lack of industry near coastal area
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AGRICULTURESECTOR
According to the government's agri-trade promotionbody, Agricultural and Processed Food Products ExportDevelopment Authority (APEDA), India's exports ofagricultural and floricultural products, fruits andvegetables, animal products and processed foodproducts was worth US$ 8.1 billion in 2008-09, anincrease of 13.88 per cent from US$ 7.11 billion in 2007-08.
Exports during April-December 2009-10 were worth US$54.16 million
India's agri-export turnover is expected to double in thenext five years, according to APEDA. Agri-exportturnover is set to rise to nearly US$ 18 billion by 2014.
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PROBLEMINAGRICULTURESECTOR
Lack of irrigation facilities
Lack of new technology
Seeds and fertilizers
Financial problem Migration of farmers
Public sector unit not followtransparent procedure in
export
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COTTON &TEXTILE
Cotton priced high in international market
Most buyers are in the US, UK and Europe, and theglobal recession has meant retail activity in the Westhas slipped 20-25%.
Productivity in Indian garment factories is at only 50% ofglobal standards,
Indian exporters are also at a disadvantage on the dutydrawback front. Duty drawback is the reversal of taxes
paid on the inputs used in garment manufacturing. Indiaoffers a duty drawback of 8% on exports while in Chinait is 17%, in Vietnam it is 15% and in Bangladesh it is14%.
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ACCORDINGTOECONOMYSURVEY 2009-10PROBLEMFACEDBY INDIANINTERNATIONALTRADE
Trade credit: Indian scenario:-
As a result of difficult financing conditions prevailingin the international credit markets and increasedrisk aversion by the lending counterparties, grossinflows of short-term trade credit to India declinedby 12.2 per cent to US$ 41.8 billion during 2008-09.Export credit as a percentage of net banking creditalso fell from 5.5 per cent as on March 28, 2008 to
4.6 per cent as on March 27, 2009 and further to4.1 per cent as on January 15, 2010
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STANDARDSTAKERS, NOTSTANDARDS
MAKERS
Developed countries strict rules on internationaltrade .
Sanitary and Phytosanitary Agreement (SPS)
Technical Barriers to Trade Agreement (TBT) EU requiring multiple certification and labeling
NAFTA makes own standard for trade in his area
Japans use of the IFOAM accreditation system as
a model for national organics regulations.
http://www.wto.org/english/tratop_e/sps_e/spsagr_e.htmhttp://www.cid.harvard.edu/cidtrade/issues/spstbt.htmlhttp://www.cid.harvard.edu/cidtrade/issues/spstbt.htmlhttp://www.wto.org/english/tratop_e/sps_e/spsagr_e.htmhttp://www.wto.org/english/tratop_e/sps_e/spsagr_e.htmhttp://www.wto.org/english/tratop_e/sps_e/spsagr_e.htmhttp://www.wto.org/english/tratop_e/sps_e/spsagr_e.htm