1.   

New Zealand-India pact to boost bilateral trade

New Zealand and India bilateral trade is poised for big spurt with more businesses looking at cooperation and the possibility of expanding the number of goods. “The discussion on the Free Trade Agreement is progressing well. We hope this would be finalised at the earliest. Most negotiations relating to FTA are complex and they take time to conclude,” Mr Gavin Young, New Zealand Counsel General and Trade Commissioner, said.

2.   

India to ship wheat on bilateral basis

The ministry of external affairs ( MEA) is exploring opportunities for exporting 10 million tonne wheat on bilateral basis. "Twelve countries including Japan, Indonesia, Iraq, Nigeria and the Netherlands have shown interest in buying wheat from us. Diplomatic representatives of these countries have enquired about the quality, export mechanism and phyto sanitary of the food grain," said a food ministry official on anonymity.

3.   

Pakistan willing to resolve bilateral disputes with India, says Hina Rabbani Khar

Pakistan has said that it is willing to go by the agreement that it had in the past with India to resolve some of the disputes like Sir Creek and Siachen. “If you look at may be some of the disputes that we have. We have Sir Creek, we have Siachen... Pakistan has already made it clear that we are willing to go by the agreement that we had in the past,” Foreign Minister, Ms Hina Rabbani Khar, told PTI in an interview. She said the two countries must move forward in the relationship and “moving forward would require that we all are able to sometimes show flexibility, sometimes we don’t need to show flexibility.

4.   

MNCs buying up wheat for exports

Multinational companies and exporters are taking advantage of lower wheat prices in the country. They are now buying wheat at prices lower than the minimum support price of Rs 12,750 a tonne fixed by the Government and moving it to ports. This is because while wheat in most Uttar Pradesh markets is ruling below Rs 12,000, wheat of Black Sea origin is quoted at $278 (above Rs 15,500) a tonne for September delivery. The quality of Black Sea wheat, grown in Russia and Ukraine, is seen at a par with Indian milling wheat.