Global Trade & Exports
Weekly Roundup
Weekly Brief — Global Trade & Exports
India Concludes EU FTA Negotiations and Automates Courier Import Refunds
This report covers Trade policy, export incentives, customs duty, and FTAs from July 27, 2026 to August 3, 2026. Key developments include the conclusion of the India-EU FTA negotiations and the complete automation of refund processing for courier-based imports.
Key Statistics
| ₹4.24 Lakh Cr | ₹793.27 Cr | 10% |
|---|---|---|
| Value of Electronics Exports (11x growth) | PLI Incentives Committed for Millets | Reduced BCD on Crude Edible Oils |
Weekly Executive Summary
- Major FTA Milestones: The Ministry of Textiles confirmed the successful conclusion of India-European Union FTA negotiations and the signing of a new FTA with New Zealand to diversify export markets. (Ref)
- Customs Automation: The CBIC issued new guidelines to automate refund applications for courier imports through the Express Cargo Clearance System (ECCS), eliminating manual processing. (Ref)
- Export Incentive Progress: The PLI Scheme for Millets reached 99% allocation of its ₹800 Cr budget, whil…
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