The Centre imposed a windfall tax on domestic crude oil producing nations, imposed export duties on petrol, diesel, and aviation turbine fuel (ATF), and raised import duties on gold on Friday in an effort to relieve pressure on the rupee, reduce the current account deficit (CAD), and increase domestic supply of petroleum products.Domestic producers sell […]
Trade is important for maintaining a competitive global economy because it stimulates invention and promotes marketplaces to become more specialised. The ability to trade also allows standard of living that may be of higher quality and less expensive than their domestic counterpart. In some cases, there may be no domestic alternative, in which case trade […]
Every country relies on trade to meet demand and introduce newer innovations because no country is self-sufficient in every way. Trade also becomes a significant source of revenue for countries due to taxes and entry barriers. To facilitate trade routes, two or more countries or groups of countries enter into Free Trade Agreements (FTAs), which […]
CAPE TOWN: In order to enhance its capabilities as aglobal integrator of logistics in South Africa, A. P. Moller –Maersk now takes the next step to partner with GrindrodLimited to provide logistics solutions.Through this proposed joint venture, the logisticsactivities of Grindrod Intermodal business and the oceanactivities of Ocean Africa Container Lines (OACL) willcomplement Maersk’s current […]
