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Chemicals Importers and exporters should be aware of the foreign trading standards prevalent in India before exporting or importing chemicals from the country. Apart from information about the basic rules and regulation, one should also be aware of the international trade system of India. Being one of the major suppliers of chemicals across the world, India is now acknowledged as an important trade destination in the international market. The international trading scenarios in India were not very flourishing in the last decade. Before 1991, import and export trade in the country was difficult and the Government had imposed several was restrictions and high duty fees. Because of heavy customs duty and excise duty imposed by the concerned authorities, even the foreign enterprises were reluctant to do business with India. Hence, only those who had huge capital to invest in the business with genuine global contacts were operating the global trading platform. The trade was only limited to the large business houses and the small scale enterprises were deprived of worldwide exposure. With the onset of high industrialization and technology transfers, the image of the country in the global market started improving. The year 1991 was an important era in the history of import export trade in the country. In this year, the Government formulated and reformed new Economy Policy that had friendly norms for the importers and exporters of the country. The custom and excise charges were reduced which eventually led to the development of international business in the country. Presently, the global trading scenarios have improved to a vast extent. India has now been established as an important destination for import export maintaining very good business relation with other countries. The exporters and importers of the country export a large number of goods commodities like Tea, Chemicals, Polymer, Paper, Seafood, garments, plastic, etc. every year. Today, Indian is known as one of the major importers and exporters in the world trading different kinds of chemical globally. Bulk chemicals like Melamine, Lactic Acid, Soda Ash, and specialties chemical and Fluorine specialties like Sodium Fluoride, Calcium Fluoride etc are exported to the major Chemicals Importers across different countries of the globe. These chemicals are required for different purposes and the Indian traders ensure that superior quality standards are maintained in their goods. Besides the reformed policies, another feature that has added to the development of the import export trade in the country is the availability of online database. Companies like Infodrive India have come up with their online import export data records that are very beneficial for the Chemicals Importers and exporters. For example – the Chemicals Importers of the country can review the importers database and find out about his rivals business strategies, like what exactly they are importing, from where, in what quantities and other such details. They can also review the rules & regulation, duties and relaxations and other such information that is relevant to foreign trade. This article is developed and submitted for Infodriveindia.com.
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