June 05, 2026
The measures cover areas such as electronic payment services, preferential tariffs, intellectual property protection and ethanol market access
Import surge and export decline widen trade gap by over 24 percent
Experts push for increasing the facility’s refinement and storage capacity
Export performance is falling short of forecasts by a wide margin
Remittance surge partially offsets pressure as imports rise and exports decline
An economist estimates that the annualised fiscal hit from the duty cut may be nearly 1.55 trillion rupees
In addition to cutting off oil sales to Cuba, US President Donald Trump has escalated his rhetoric against the Communist-run island
"Customs knows how to do this," he says. "They do it every day. They liquidate entries and make refunds."
