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ARTICLE · 12 FEBRUARY 2025

TPM Newsletter - Key Highlights

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Notification of Minimum Import Price for Glufosinate Technical (24 Jan) On 24th January 2025, the Central Government vide Notification No. 54/2024-25 introduced the Minimum Import Price (MIP) for Glufosinate Technical.

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Indian Updates

Notification of Minimum Import Price for Glufosinate Technical (24 Jan)

On 24th January 2025, the Central Government vide Notification No. 54/2024-25 introduced the Minimum Import Price (MIP) for Glufosinate Technical. The MIP has been introduced for a period of one year, that is, from 24th January 2025 to 23rd January 2026. Pursuant to the MIP, the import policy has been amended to provide that imports of 'Glufosinate and its salts' (Purity – Minimum 95% w/w) having CIF value of less than ₹ 1289 per Kg are "Restricted".

Global Updates

USA and Vietnam agree to resolve the dispute regarding Fish Fillets from Vietnam (17 Jan)

On 17th January 2025, USA and Vietnam jointly notified the Dispute Settlement Body of their decision to mutually resolve the dispute concerning anti-dumping duty imposed on imports of Fish Fillets from Vietnam. The dispute was initiated by Vietnam claiming that the anti-dumping measures imposed by USA are inconsistent

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Trade Remedial Actions

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Trade Remedial Actions

The Central government continued the imposition of anti-dumping duty on the imports of Phthalic Anhydride from China and Korea subsequent to a sunset review investigation initiated on 27th January 2026 via No. 7/26/2025-DGTR. The anti-dumping duty on the product under consideration was originally imposed vide Notification No. 43/2021 -Customs (ADD) dated 9th August 2021. The anti-dumping duty imposed shall be in the range of USD 40.08 per MT to USD 140.17 per MT and shall remain in force for a further period of five years, that is, until 4th August 2031.
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TPM Consultants: June 2026 - Trade Remedial Actions

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Trade Agreements

On 12th August 2026, India and the Southern African Customs Union (SACU), comprising of South Africa, Botswana, Namibia, Lesotho, and Eswatini signed the Terms of Reference (ToR) to guide negotiations for a Preferential Trade Agreement. The ToR has revived the trade negotiations which were stalled since 2010. Pursuant to the ToR, negotiations will create preferential market access for India in the SACU countries for exports of automobiles, pharmaceuticals, industrial machinery, textiles, diamonds, and agro-processed goods.
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