Sustainability to enhance agro-commercial opportunities between Brazil and India

On an official mission to India, Minister of Agriculture and Livestock, Carlos Fávaro, seeks to strengthen diplomatic relations and enhance ties of friendship between the countries through commercial and cooperation opportunities in the agricultural sector.

India’s edible oil imports in October plummeted to their lowest level in 16 months, primarily due to increased stock levels, which prompted refiners to reduce their purchases of palm oil, soyoil, and sunflower oil. This drop in imports, by the world’s largest vegetable oil buyer, may lead to surplus palm oil stocks in key producer […]

India and Sri Lanka have resumed negotiations for the Economic and Technology Cooperation Agreement (ECTA) after a five-year hiatus. The 12th round of talks took place in Sri Lanka from October 30 to November 1, following 11 rounds held between 2016 and 2018. During this latest round, both sides reviewed progress and resolved nine issues.

The decline in services imports persisted throughout all three months of the September quarter. However, there was a silver lining in the fact that services exports had seen an increase during July and August.

India’s imports of Russian oil eased in October as global oil prices rose, narrowing the discounts that had made Russian oil attractive. Preliminary data from Kpler and Vortexa showed a 12% and 8% decline in India’s monthly intake of Russian oil in October. Despite this decline, it is expected that India’s oil imports from Russia […]

India has called for the start of formal negotiations by WTO members to reform the dispute settlement body of the World Trade Organisation (WTO). These negotiations are essential as informal deliberations are preventing several nations from participating in the talks. The formal talks aim to arrive at a consensus by the 13th ministerial conference of […]

“The undercurrent of illegal trade in narcotics remains strong. Global drug trafficking is estimated to be worth USD 650 billion, contributing 30 per cent of the overall illicit economy. It is having a devastating impact…,” said the chief of the Central Board of Indirect Taxes and Customs (CBIC).

In the Group of Seven (G7) trade ministers’ meeting, Commerce and Industry Minister Piyush Goyal urged the participating countries to collaborate on a regulatory framework to ease the movement of supply chains and facilitate cross-border trade.

​The DGFT notification indicates that the export poicy change will go into effect starting Sunday, October 29. The notification also laid out exceptions to the new regulation, stating that onions designated for export and already handed over to Customs are exempt as well shipments for which export duty has been paid before the notification was […]

India and the UK have assessed the advancements in negotiations for a proposed FTA at the G7 trade ministers meeting in Osaka. Commerce and Industry Minister Piyush Goyal and UK Secretary of State for Business and Trade Kemi Badenoch reviewed the progress, aiming to bridge differences in issues like rules of origin and services. The […]