Export of basmati rice priced below $1,200/tonne halted

The commerce and industry ministry said on Sunday that it directed trade promotion body Agricultural and Processed Food Products Export Development Authority (Apeda) not to register contracts below $1,200 per tonne. Existing contracts below $1,200 per tonne have been kept in abeyance.

​​”So at this point, our trade relationship within the context of the larger relationship, is mirroring the dynamism and the upward trajectory that I see just over the course of a couple of days visiting Jaipur and Delhi (for G20). It is an incredible sense of optimism and forward-looking vantage point. We are challenging ourselves […]

Indian and UK officials will continue their negotiations till the month-end to iron out differences on the proposed free trade agreement (FTA), the commerce ministry said on Sunday. This meeting will be followed by a review at the higher level, it said.

In a message on social media network X (formerly called Twitter), Piyush Goyal said he held a bilateral meeting with the US counterpart Tai. “Discussed key bilateral issues of mutual interest and explored ways to give further impetus to the growing India-US partnership through enhanced trade and investments,” he said.

Commerce and Industry Minister Piyush Goyal and US Trade Representative Katherine Tai have discussed ways to enhance trade and investments between India and the US. They are working towards resolving their last trade dispute related to poultry in the World Trade Organisation and exploring opportunities for companies from both countries to participate in each others’ […]

India and the European Union have made good progress in the ongoing three negotiations- India-EU Free Trade Agreement; a standalone Investment Protection Agreement; and a Geographical Indications Agreement, the government said Saturday. The commerce and industry ministry said in a statement that the two sides discussed their market access issues and review the progress made […]

Kazakhstan has ranked 25th in the World Bank’s Ease of Doing Business Report. The country aims to enter the top 10 countries within 5 years. Kazakhstan is India’s main trading partner in Central Asia, with bilateral turnover exceeding that of all other countries in the region. Kazakhstan offers over 200 project packages in various sectors, […]

“An FTA agreement is very close for a final call with the UK and I think negotiations with Canada are also progressing and I expect that to come to a conclusion sooner than later,” Sitharaman said. She further said the finance ministry and commerce ministry are working closely on trade agreements with different countries.

At a session with Chinese and US trade ministers, Union Minister Piyush Goyal on Friday said India did not join China-led RCEP as its trade deficit would have widened and New Delhi’s “heart” is with Washington, hinting at the trade surplus with the US. The Commerce and Industry Minister’s remarks at the B20 summit in […]

India has notified the export of 5,841 tonnes of sugar to the European Union (EU) under the tariff-rate quota (TRQ) scheme for the period of October 2023 to September 2024. TRQ allows for a certain volume of exports with low tariffs, after which higher tariffs apply.