Thursday, June 30, 2022
  • Janam TV Malayalam
  • About Us
  • Contact Us
  • Privacy Policy
  • Terms of Services
Janam TV English
  • ‌
  • News
    • Kerala
    • India
    • Gulf
    • World
  • Business
  • Defence
  • Tech
  • Science
  • Health
  • Podcast
  • ‌
    • Travel
    • Entertainment
    • Lifestyle
    • Sports
    • Guest Column
    • Auto
No Result
View All Result
  • ‌
  • News
    • Kerala
    • India
    • Gulf
    • World
  • Business
  • Defence
  • Tech
  • Science
  • Health
  • Podcast
  • ‌
    • Travel
    • Entertainment
    • Lifestyle
    • Sports
    • Guest Column
    • Auto
No Result
View All Result
Janam TV English
No Result
View All Result
  • News
  • Business
  • Defence
  • Health
Home News India

India Post and United States Postal Service (USPS) signs Agreement for Electronic Exchange of Customs Data related to postal shipments exchanged between two countries

by Janam Web Desk
Oct 28, 2020, 11:51 am IST
in India

New Delhi: Department of Posts, Government of India (India Post) and United States Postal Service (USPS) have entered into an agreement for Electronic Exchange of Customs data related to postal shipments exchanged between the two countries. The agreement will make it possible to transmit and receive electronic data of international postal items prior to their physical arrival at the destination and would enable customs clearance of postal items in advance in line with the evolving global postal framework. This will also improve the performance of postal services in terms of reliability, visibility and security.

USA is the top export destination for India (~17%) which is also reflected in exchange of goods through postal channel. In 2019, around 20% of outbound EMS and 30% of Letters & Small Packets transmitted by India Post were destined to USA whereas 60% of the Parcels received by India Post were originated from USA. Exchange of Electronic Advance Data (EAD) as per the Agreement will be a key driver towards promoting mutual trade with emphasis on the exports from different parts of India to USA through postal channel considering that USA is a major destination of MSME products, Gems &Jewelry, Pharmaceuticals and other local products from India. This will fulfill a major demand of export industry to expedite customs clearances of export items.

The primary objective that will be served by this agreement is to facilitate ‘ease of exports’ for small and large exporters through postal channels from different parts of the country and will contribute towards making India an Export Hub for the world.

The agreement was signed by Mr. Prannoy Sharma, Deputy Director General (International Relations & Global Business), Department of Posts, Government of India and Mr. Robert H. Raines Jr., Managing Director, Global Business of United States Postal Service.

Tags: MAIN
ShareTweetSendShare

Related News

Kerala Governor joins fast against practice of dowry
Kerala

Kerala Governor joins fast against practice of dowry

Pak LeT commander among three militants killed in Pulwama encounter
Defence

Pak LeT commander among three militants killed in Pulwama encounter

Ramesh Bais takes oath as new Governor of Jharkhand
India

Ramesh Bais takes oath as new Governor of Jharkhand

Latest News

The Road to Atmanirbhar Bharat travels through Atmanirbhar Villages – Rajeev Chandrasekhar

The Road to Atmanirbhar Bharat travels through Atmanirbhar Villages – Rajeev Chandrasekhar

Presidential candidate Murmu to visit Pondy on Saturday

Presidential candidate Murmu to visit Pondy on Saturday

Marcos sworn in as Philippines president

Marcos sworn in as Philippines president

Sri Lankan supermarket shelves go empty

Sri Lankan supermarket shelves go empty

Nirmala Sitharaman urges industries to engage with state govts

Nirmala Sitharaman urges industries to engage with state govts

PM launches schemes to boost MSME sector, exports from India

PM launches schemes to boost MSME sector, exports from India

Corona scares again; Kerala reports highest daily covid cases

Covid Updates: 18,819 cases and 39 deaths in last 24 hours

Amarnath pilgrimage begins; 2750 pilgrims in the first group; soldiers provide utmost security

Amarnath pilgrimage begins; 2750 pilgrims in the first group; soldiers provide utmost security

  • Janam TV Malayalam
  • About Us
  • Contact Us
  • Privacy Policy
  • Terms of Services

© Janam Multimedia Limited

No Result
View All Result
  • ‌
  • News
    • Kerala
    • India
    • Gulf
    • World
  • Business
  • Defence
  • Tech
  • Science
  • Health
  • Podcast
  • ‌
    • Travel
    • Entertainment
    • Lifestyle
    • Sports
    • Guest Column
    • Auto

© Janam Multimedia Limited