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05 Jun, 2025 News Image India seeks measures to tackle trade distortions.
India has called for action to address trade distortions caused by non-market economies, non-tariff barriers and restoration of a strong dispute settlement mechanism at the World Trade Organization (WTO), commerce and industry minister Piyush Goyal said on Wednesday. The minister, however, insisted that one should not jump to the conclusion that an existential crisis has been created at the multilateral trade body.
 Source:  economictimes.indiatimes.com
05 Jun, 2025 News Image FSSAI issues guidelines for acceptance of rPET as Food Contact Material.
The Food Safety and Standards Authority of India has issued guidelines for acceptance of recycled Polyethylene Terephthalate (PET) as Food Contact Material (FCM-rPET). According to FSSAI, these guidelines pertain only to the recycling process/operation of transforming post-consumer PET used for food applications into recycled PET as Food Contact Material (FCM-rPET) resins suitable for making Food Contact Materials and cover the acceptance criteria for using (FCM-rPET) resin in Food Contact Materials, apply only to recycling technology approved by FSSAI and do not apply to production of resins for non-food grade consumer applications.
 Source:  fnbnews.com
05 Jun, 2025 News Image ‘Centre aims to enhance farmers income by increasing production’.
The Central government is committed to enhance farmers’ income by increasing production across crops in agriculture and allied sectors, Raghavendra Bhatta, Deputy Director General (Animal Science) of ICAR has said. The ongoing ‘lab to land’ initiative under the Viksit Krishi Sankalp Abhiyan would significantly enhance productivity in the coming seasons. A substantial rise in output is expected across crops, animal husbandry and fisheries, he said.
 Source:  thehindubusinessline.com
05 Jun, 2025 News Image India weighs legal uncertainties around Trump tariffs as trade pact talks start this week.
India is weighing legal uncertainties surrounding Trump tariffs as it prepares for the next round of trade talks this week, an official said. The official said these developments could influence India's approach to the proposed bilateral trade pact with the US.
 Source:  economictimes.indiatimes.com
05 Jun, 2025 News Image Union Agriculture Minister Shri Shivraj Singh Chouhan participates in ‘National Agro-RE Summit 2025’.
Union Minister of Agriculture and Farmers Welfare Shri Shivraj Singh Chouhan attended the National Agriculture-Renewable Energy Conference 2025 organised by the National Solar Energy Federation of India (NSEFI) in New Delhi today. On this occasion, he released the federation’s report and annual reference book on agriculture and renewable energy. The conference was organised to push for dialogue and collaboration among policymakers, experts, and farmers regarding the integration of renewable energy in the agriculture sector.
 Source:  pib.gov.in
05 Jun, 2025 News Image India exports more to Latin American countries than to its neighbours, traditional trade allies.
India exported goods worth $275 million to remote Honduras in Central America during the April 2024-March 2025 period as against $201 million to nearby Cambodia. The population of Honduras is just 10 million as against Cambodia's 17 million.
 Source:  theweek.in
05 Jun, 2025 News Image Piyush Goyal meets Italian business leaders in Milan, to co-chair meeting with Italy’s Deputy PM.
India and Italy will assess the progress and identify new avenues for collaboration in high-impact areas such as the India–Middle East–Europe Economic Corridor (IMEC), the government said Wednesday. Industry 4.0, agritech, digitalization, energy transition and sustainable mobility, are the other areas where the two sides will focus. The issues will be discussed during commerce and industry minister Piyush Goyal’s two-day visit to Italy on June 4-5.
 Source:  economictimes.indiatimes.com
04 Jun, 2025 News Image India, EU likely to go for comprehensive FTA; GI pacts to follow later.
India and the European Union (EU) are likely to agree upon a comprehensive free trade agreement (FTA) instead of an interim deal, an official said on Tuesday. However, the proposed investment treaty and a pact on geographical indications (GI) may not be concluded simultaneously.
 Source:  business-standard.com
04 Jun, 2025 News Image Unlocking Global Markets: How Indian MSMEs Can Capitalize on Emerging Export Opportunities in Food and Superfoods.
India's Micro, Small, and Medium Enterprises (MSMEs) have long been the backbone of the Indian economy, contributing nearly 30% to the nation’s GDP and about 45.7% to its total exports. As global dietary habits evolve towards healthier, natural, and plant-based consumption, there lies an immense opportunity for Indian MSMEs to tap into the export markets for food and superfoods. India’s agro-diversity and traditional knowledge of nutrition position its MSMEs advantageously to supply what the world is increasingly demanding. This article explores emerging export trends, opportunities, challenges, government support schemes, and a strategic path forward for MSMEs in this domain.
 Source:  smestreet.in
04 Jun, 2025 News Image India-US trade deal in not-too-distant future: US Commerce Secretary Howard Lutnick.
Secretary of Commerce Howard Lutnick has said one should expect a trade deal between India and the US in the 'not-too-distant future' as the two countries have found a place that works for them. 'So the idea is when they put the right person and India put the right person on the other side of the table, and we've managed, I think, to be in a very, very good place,' Lutnick said in his keynote address at the eighth edition of the US-India Strategic Partnership Forum (USISPF) Leadership Summit here Monday.
 Source:  economictimes.indiatimes.com