1.   

India wants to double trade with Myanmar

Leveraging the India-ASEAN Free Trade Agreement, India wants to double its commerce with Myanmar and diversify the bilateral engagement to agro-research and natural gas exploration. The India-Myanmar trade, comprising pulses, meat, products, timber and pharmaceuticals, is only USD 1.5 billion at present. "I propose that we work towards doubling of bilateral trade by 2015. We also need to work towards .....

2.   

Russia is an EU approval away from joining WTO

Rarely has the recruitment of a new member taken as long as Russia’s initiation into the World Trade Organisation (WTO), but perceived economic gains and looming Russian elections make the case for Russia joining irresistible. The EU is the main trade heavyweight still hesitant about admitting Russia into the WTO 18 years after negotiations began, but qualms about Russian motor sector policy are competing with a .....

3.   

Basmati rice exporters to gain as rupee weakens

Basmati exporters hope the rupee stays weak for longer, since the falling currency will fetch them higher margins. However, the weakness is of little use in the short run, since exports contracts are signed months in advance. Although exporters are “keeping a close watch” on the rupee, the current trend may help exporters facing problems due to the payment crisis from Iran, a key export destination for .....

4.   

Indian onions losing overseas markets to China & Pak: Exporters

Though the government has lifted a ban on onion exports, the Indian produce is losing out to its rivals from neighboring China and Pakistan due to high prices and uncertain policies, according to exporters. "We could export a meagre 4,000-5,000 tonnes of onions during the last week (from September 20, when the ban was lifted, till September 27)," a senior office-bearer of the Mumbai-based Agriculture Export Association said. Indian onions, which traditionally see great demand from .....