India urges WTO members to start text-based talks on finding permanent solution to public food stockholding

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.

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.

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.

At a Committee on Agriculture meeting at the World Trade Organization (WTO) on Wednesday, Japan, Australia, Brazil, the EU, the UK and the US, among others, raised concerns over the impact of the ban on the global food market, highlighting its significance as the world’s largest rice exporter, accounting for over 40% of global exports.

The Export-Import Bank of India predicts a 4.8% decline in merchandise exports for the second quarter of 2023-24 compared to the previous year. This is due to a slowdown in major trading partners and global geopolitical uncertainty. The bank expects India’s merchandise exports to reach $105.4 billion in July-September FY24. Non-oil exports are projected to […]

India has defended its export ban on rice, stating that it is a regulation rather than a restriction and is necessary for the food security of its 1.4 billion people. India reiterated its commitment to ensuring food security in importing countries through exemptions granted upon request. The government has allowed exports of non-basmati rice to […]