Brazilian envoy backs ethanol exports from India, calls it ‘great news’ for global market

Brazil’s Ambassador welcomed India’s potential ethanol exports, emphasizing its role in making ethanol a global commodity. The two nations are deepening bioenergy cooperation, focusing on sustainable aviation fuel and higher ethanol blending targets, with Brazil sharing its extensive experience in ethanol integration.

The Reserve Bank of India has amended FEMA regulations, allowing exporters to hold foreign exchange proceeds in Gujarat’s Gift City for up to three months. This move provides operational relief and greater flexibility in repatriating funds, aligning with USD-INR trends. Previously, funds had to be repatriated by the end of the following month.

Indian trade negotiators are heading to the US this week for talks on a bilateral trade agreement, with both sides hopeful of concluding the first phase by year-end. Discussions are progressing positively, and New Delhi may also increase natural gas purchases from the US to address the trade gap.

India and Canada have agreed on a new roadmap for bilateral relations following talks between their foreign ministers in New Delhi. Canadian Foreign Minister Anita Anand’s visit aims to reset ties, with discussions focusing on enhanced cooperation in trade, energy, technology, agriculture, and people-to-people connections.

India and the US are nearing a trade deal, with optimism high for a fall conclusion. A delegation heads to Washington this week to finalize market access, energy, and tech trade. Simultaneously, India’s Free Trade Agreement talks with the EU are progressing, though carbon adjustment and sector-specific issues remain. These efforts bolster India’s global economic […]

US ambassador-designate Sergio Gor met with Commerce Secretary Rajesh Agrawal to discuss strengthening India-US economic ties and firming up a trade deal. The discussions followed Gor’s meetings with top Indian officials, aiming to improve relations strained by recent US trade actions and visa policies.

India is actively addressing over 65 non-tariff barriers impacting its marine and agricultural exports to Russia, aiming to reduce a significant trade deficit. Key concerns include obtaining approval for Indian marine product units for shrimp exports, a crucial step for diversifying shipments after US tariffs.

Afghanistan’s Foreign Minister Amir Khan Muttaqi has invited India to invest in the country’s minerals, agriculture, and sports sectors. He also requested India to facilitate trade by opening the Wagah border, calling it the fastest trade route.

India’s merchandise trade deficit is projected to widen to $28.0 billion in September 2025, primarily due to a surge in gold imports driven by the festive season. A delay in the US-India trade deal also impacts exports. The deficit is expected to remain elevated, with ongoing trade talks offering a potential for future improvement.