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Sri Lanka Trade Data

Sri Lanka Crisis: Bilateral Trade With India So Far And Its Aftermath

It’s been three months since the Sri Lanka crisis, since April 2022, the small island nation in Southeast Asia is struggling to manage the foreign reserves and its domestic supplies. It safeguarded the economy through a credit line, loans, and bilateral trade with countries. The neighboring countries India and China helped Sri Lanka in its crisis – China allotted support loans to Sri Lanka, and India sent outbound shipments of essential commodities by providing loans. However, due to different issues, shipments from India are halted now.
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South Korea Import Data

South Korea Battle Rising Inflation By Increasing Tariff-Free Imports

South Korea is grappling with a rising inflation rate of 6% on the basis of year-on-year inflation for the month of June. This is the fastest growth of inflation since November 1998 in South Korea, as per official statistics. The consumer price index increased by 6% in the month of June for 2022, compared to the previous year, making it the fastest-growing consumer price index in the near 24 years. South Korean government has subjected several imports to tariff-free with quotas assigned, such as…
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India Trade Toys

India's Toy Imports Drop, Exports Surge; Shows Promising Self-Reliance

India imports for toys and games dropping this year, while exports are skyrocketing with gradual growth. It has been all possible due to the initiative taken by the government of India under “Make-In-India” campaign name. The total imports of toys, sports, and games (Chapter 95) in India amounted to $380.27 million for 2021. On the other hand, the total exports from India for toys, sports, and games in 2021 amounted to $516.51 million.
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India Gold Imports

India Hikes Gold Import Duty From 10% To 15%, Foreign Suppliers Beware

India raised the value of import duties on the imports of gold in the country recently. The import duties on the gold imports in India were increased from 10% to 15%, in order to curb the imports. This has brought a hike in gold prices in the country and foreign suppliers are expected to suffer a loss, associated with the country to export. We will see which countries will suffer the highest loss, and did gold imports in India increase?
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