Global Trade & Exports
Weekly Roundup
Weekly Brief — Global Trade & Exports
Trade Liberalization and Strategic Export Controls: Weekly Roundup
This report covers Trade policy, export incentives, customs duty, and FTAs from May 05, 2026, to May 12, 2026. Key developments include a 2.5 million tonne wheat export quota, India-EFTA TEPA advancement, and new safeguard duties on steel flat products.
Key Statistics
| 2.5 Million MT | 92.2% | ₹10/Litre |
|---|---|---|
| Additional Wheat Export Quota | EFTA Tariff Lines Opened | Excise Duty Cut on Petrol/Diesel |
Weekly Executive Summary
- Export Quota Relaxed: The DGFT authorized the export of an additional 25 Lakh Metric Tonnes (LMT) of wheat to address global food security, despite the general "Prohibited" status. (Ref)
- FTA Implementation: High-level talks in Switzerland accelerated the India-EFTA TEPA, securing market access on nearly all EFTA tariff lines for Indian exporters. (Ref)
- Domestic Industry Protection: New safeguard duties on steel flat products and a sunset review of anti-dumping duties on chemical imports were initiated to shield local manufacturers…
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