www.thedollarbusiness.com Vol.4 Issue 01 January 2017 100 $2

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w.thedollarbusiness.com Vol.4 Issue 01 January 2017

100 $2 RNI: APENG/2014/54643

H.E. LESEGO ETHEL MOTSUMI High Commissioner of

Botswana to India

HARISH RAWAT Chief Minister, Uttarakhand

PETER SCHIFF President & CEO,

Euro Pacific Capital Inc.

HARRY S. DENT JR. Founder, Dent Research

RACHEL ZIEMBA MD, Emerging Markets & Global

Research, Roubini Global Economics

...AND MANY MORE!

EXCLUSIVE INSIDE

Plastic toysNo kidding!

Low risk, high demand & great margins

Frozen shrimpsA prize catch, indeed

What makes India its largest exporter

Policy focusBrand rate fixation

All you wanted to know about the scheme

WHAT’S IN STORE FOR GLOBAL TRADE IN

WORLD TRADE SENTIMENTS IMPROVED IN 2016. DESPITE BEING A YEAR LITTERED WITH NATURAL AND MAN-MADE SHOCKS, IT PROVED THE VALIDITY OF THE ECONOMIC PRINCIPLE

OF UPTURN-AND-DOWNTURN CYCLES. WITH 2017 PROMISING TO BE A BIGGER INNING FOR GLOBAL ECONOMICS, THE DOLLAR BUSINESS ANALYSES KEY ELEMENTS THAT WILL DECIDE

THE FATE OF WORLD TRADE IN THE NEW YEAR.

6 THE DOLLAR BUSINESS II JANUARY 2017

President (VMPL) : Steven Philip Warner& Editor-in-Chief

EDITORIAL & RESEARCHEditor : Manish K. PandeyExecutive Editor : Indranil DasAssociate Editor (Print) : Andres Meren MolierAssociate Editor (Online) : Sheela MamidennaSenior Editor (Print) : Niladri S. NathAssistant Editors (Print) : Neha Dewan, Ahmad Shariq Khan, Sairaj Iyer, Manishika Miglani, Anishaa KumarAssistant Editors (Online) : Aamir Hussain KakiPrincipal Correspondent : Deepak Kumar

EDITORIAL CONSULTING BOARDFounder & Editor : Anil GoyalPublisher : Avnish GoyalChief Consulting Editor : Dr. A. K. SenguptaEditorial Advisors : Dr. N. K. Goyal (CMAI), Atul Kumar Saxena (IIA)

ADVERTISEMENT SALES & MARKETINGAssociate Vice-President : Lalit SethDeputy General Manager : Roosevelt FernandesAssistant Manager : Maitreya Biswas Senior Executive : Ayesha Fatima

International Representatives Seoul (South Korea) : Justin Yoon (+82-2-6241-4256)London (UK) : S. Puri (+44 207 376 1996)

ART & PHOTOGRAPHYArt Director : Sujesh Kumar G.Senior Designer : Shaik Masthan Vali Designer : Gopal Ganesh ReddyPhotographer : Dileep Kumar

THE DOLLAR BUSINESS ONLINEProject Managers : Sridhar Bodla, Omar LarziSEO Manager : Sangameshwar SomaSEO Specialist : Praveen KukunarapuAsst. Mgr. (Data & Metrics) : C. Dileep ReddyAssociates (Data & Metrics) : Dinesh Reddy, Bhanu Prasad

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ALLIANCES & COMMUNICATIONSSr. Manager : Rasanpreet Kaur Deputy Manager : Anupama PolasaAsstt. Manager : Sravya Palakuru

FINANCE & LOGISTICSManager : Parchuri Jhansi

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© Copyright 2017No part of this magazine may be reproduced in whole or in part without an ex-pressed permission of the publisher. The information on this magazine is for information purpose only. Manish K. Pandey, Editor, The Dollar Business, is re-sponsible for the selection of news and content under PRB Act. Vimbri Media Pvt. Ltd. assumes no liability or responsibility for any inaccurate, delayed or incomplete information, or for any actions taken in reliance thereon. The information contained about each individual, event or organisation has been provided by such individual, event organisers or organisation without verification by us. All disputes are subject to exclusive jurisdiction of competent courts and forums in Hyderabad, Telangana.Printed and published by Avnish Goyal for Vimbri Media Pvt. Ltd. Published at 5-2-198/4, Distillery Road, Ranigunj, Secunderabad - 500 003, Telangana.

Printed at: Kala Jyothi Process Pvt. Ltd., 1-1-60/5, RTC Cross Roads, Musheerabad, Hyderabad - 500 020, Telangana.

Volume: 4 Issue: 01 January 2017

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COVER STORY 20

From Trump’s victory in US elections to Brexit, from passage of the GST bill to demonetisation, 2016 has been an eventful year for both the world and India. The impact of these epochal events is bound to start playing out in 2017. Will Trump’s maverick policies change how trade functions worldwide? Is Brexit the beginning of the end for the EU? Will GST be implemented in 2017? Will the commodity market turnaround? The Dollar Business gazes into the crystal ball to figure it all out for you.

IS WORLD TRADE POISED TO CLIMB OUT OF THE DOLDRUMS IN 2017?

JANUARY 2017 II THE DOLLAR BUSINESS 7

INBOX LETTERS TO THE EDITORReaders’ feedback, criticism, and appreciation that hit our mailbox in December 2016

MONOLOGUE PEOPLE SPEAKArun Jaitely on implementation of GST, Angela Merkel on a single market system & more

GLOBAL TRADE The suspense over China’s MES status, setbacks for French Foie Gras exports & more

INDIA TRADE Impact of demonetistion on GDP, extension of MIP on steel products & much more

SPOTLIGHTBOTSWANAThe economy remains highly dependent on diamond exports

SECRET INGREDIENTFROZEN SHRIMPIndia is the largest exporters of this delicacy. But exporters continue to face multiple hurdles!

IMPOR’TONOMICSPLASTIC TOYSThere’s no ebb in demand for the product and margins are attractive if you import from China

POLICY FOCUSBRAND RATE FIXATIONAre exporters shying away from brand rates for duty drawbacks due to a lack of awareness?

TDB FORUMQuestions about foreign trade that hit our mail box in December 2016

DATEBOOKSome must visit trade shows

BORDERLINEEditor’s column

H.E. LESEGO ETHEL MOTSUMIHIGH COMMISSIONER OF BOTSWANA TO INDIA

Talks about Botswana-India bilateral relationship and discusses the ways and means to strengthen it further

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82 74 ANWAR SHIRPURWALAEXECUTIVE DIRECTOR, MAITDiscusses the associa-tion’s evolving objectives & the problems faced by the ICT industry

HARISH RAWATCHIEF MINISTER OF UTTARAKHANDOn plans to make the hilly state a popular destination for foreign and domestic investors

20 THE DOLLAR BUSINESS II JANUARY 2017

COVER STORY WORLD TRADE IN 2017

GOODS &SERVICES TAX

EMERGING THREATSCOMMODITIESBREXIT

FOREIGN POLICY

DEMONETISATION

JANUARY 2017 II THE DOLLAR BUSINESS 21

THE DOLLAR BUSINESS INTELLIGENCE UNIT

The year gone by was eventful, both for the world and India. While the much-awaited Goods and Services Tax (GST) was passed by the Indian Parliament, United Kingdom voted to exit the European Union. While Donald Trump took the world by surprise, Indian Prime Minister Narendra Modi's sudden announcement of demonetisation left the whole country in a financial shock. The global commodity market too woke up from a slumber, though there is more recovery that can be made. While these and many other such events shook the world in 2016, their impact on global trade and policy environments will only likely be seen in 2017. Will 2017 be a year of change for the better? The Dollar Business takes a look at key elements and occurrences that could change world trade in 2017.

WILL WORLD TRADE COME OUT OF THE DOLDRUMS IN 2017?

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