European Union ready to talk food stock policy at WTO

The European Union has expressed its willingness to negotiate on global trade norms regarding the purchase, stockpiling, and distribution of food to ensure food security. This is seen as a breakthrough as India and 80 other countries have been calling for a deal on food security, arguing that current rules do not adequately address market […]

India has called for text-based negotiations to find a permanent solution to the issue of public stockholding for food security at the World Trade Organization (WTO). The European Union (EU) has expressed readiness for talks on the matter. The issue was discussed at an agriculture negotiations meeting in Geneva, where the EU responded positively to […]

“More than 400 Indian companies, small and big have invested in Vietnam for a cumulative value of more than USD 1 billion,” India’s Consul General in Ho Chi Minh City, Vietnam, Madan Mohan Sethi said.

Cote d’Ivoire, the largest cocoa producer in the world, is looking to explore the Indian market for direct marketing of cocoa and cocoa-based products. The cocoa regulator, Le Conseil du Cafe-Cacao, plans to visit India next month to seek market access, investors, and partnerships for processing cocoa in Cote d’Ivoire. f

India’s exports declined 6.86 per cent to USD 34.48 billion in August, for the seventh month in a row, due to a fall in shipments from key sectors like petroleum and gems and jewellery on subdued global demand. The trade deficit (difference between imports and exports) during the month touched a 10-month high of USD […]

India’s labour-intensive export sectors, including apparels, marine products, plastics, and gems and jewellery, have experienced a decline in global market share over the past five years, according to a report by the Federation of Indian Export Organisations (FIEO). The report also highlighted concerns about a spike in export growth attributed to a rerouting of crude […]

CEPA is a kind of free trade agreement, under which two trading partners significantly reduce or eliminate customs duties on the maximum number of goods traded between them. Besides, they also ease norms to promote trade in services and investments.

The Finance Ministry has exempted the export of Bangalore rose onions from duty, provided certain conditions are met, according to a recent notification. Exporters may be granted an exemption from export duty if they provide a certificate from the state horticulture commissioner certifying the item and quantity of Bangalore Rose Onion to be exported.

Anupriya Patel, India’s minister of state for commerce and industry, has said that the climate agenda at the world forum should not be used to introduce measures that restrict trade and investment cooperation. Speaking at the 22nd Meeting of Ministers of the Shanghai Cooperation Organization (SCO), Patel emphasized the importance of safeguarding the core principles […]

Engineering exports from India to the UAE and Australia have increased by 9% in the April-August period of the current financial year, providing a boost to overall engineering exports, which have seen a decline during the same period. Engineering exports to Russia have also surged by 178% during this period.