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

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…