India has allowed the export of 200,000 tonnes of non-basmati white rice to Malaysia as per an August 20 notification, coinciding with the Malaysian Prime Minister’s visit. Initially banned in July 2023, exports have now started to various countries under set conditions to address their food security needs.
India allows export of 200,000 tonne non-basmati rice to Malaysia
Piyush Goyal, India’s Commerce and Industry Minister, highlighted potential to double India-Africa trade to USD 200 billion in seven years. Key collaboration areas Goyal mentioned include agriculture, pharmaceuticals, mining, and renewable energy. He urged increased participation in India’s duty-free scheme and emphasized partnerships in IT, entertainment, and critical minerals, especially for the EV sector.
India is upgrading ports to bolster its manufacturing and exports. Efforts include expanding the Jawaharlal Nehru Port and constructing a new deep-water port in Vadhvan. These enhancements aim to cut trade costs and speed up delivery times, appealing to global companies looking to diversify manufacturing away from China.
Indian exporters are worried about the Monkeypox outbreak in Africa, a key trading partner. Although the situation is currently under control, they fear possible disruptions. The WHO has renewed its declaration of the virus as a public health emergency. India and Africa aim to expand their bilateral trade to USD 200 billion by 2030.
Next round of India-Aus comprehensive FTA talks from Monday; substantial progress likely
2 years ago
India and Australia have begun a new round of negotiations in Sydney to advance their comprehensive free trade agreement. These talks aim to finalize several chapters of the pact, which builds upon the Economic Cooperation and Trade Agreement implemented in December 2022. Discussions include duty-free access and deeper engagement in key sectors like goods and […]
Unilateral environmental measures like carbon tax hamper equitable world trade: Commerce Secy
2 years ago
India raised objections to the EU’s carbon tax, claiming it undermines fair global trade principles. Commerce Secretary Sunil Barthwal stressed that the Global South faces challenges in balancing sustainable development and responding to measures like the EU’s carbon border adjustment mechanism (CBAM), effective from 2026. Barthwal advocated for increased cooperation on food security, and better […]
India’s shipping ministry suggested constructing a seaport next to Bharat Petroleum Corp’s planned refinery in Andhra Pradesh to cut costs. The refinery could act as a key customer for the port. Andhra Pradesh proposed offering land at Machilipatnam, Ramayapatnam, or Mulapeta for the complex.
Global Trade Research Initiative proposed changes to the India-UAE partnership to address potential misuse and revenue loss. They recommended removing duty concessions on precious metals and altering rules of origin norms. The suggestions aim to curb the influx of duty-free gold, silver, and jewellery that is impacting India’s jewellery sector and government revenue.
India is a leading exporter of deoiled rice bran, which is used in the cattle feed industry.
The ties between the two countries nosedived after India abrogated Article 370 of the Constitution, revoking the special status of Jammu and Kashmir and bifurcating the State into two Union Territories on August 5, 2019.