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19 Feb, 2025 News Image Piyush Goyal drops hints about a major move India and US could make in next 6-8 months.
India and US are set to join hands for a major trade move in a few months' time, Commerce and Industry Minister Piyush Goyal has hinted. India and the US are committed to increasing bilateral trade to $500 billion and negotiating a 'strong' trade agreement within the next 6-8 months, news agency PTI reported on February 18 quoting Minister Goyal.
 Source:  economictimes.indiatimes.com
19 Feb, 2025 News Image India formulating strategies to ensure that interests of exporters are protected: Minister Jitin Prasada.
The government is thinking ahead as to what bumps and speed breakers and the challenges that might arise and India is formulating strategies accordingly to ensure that interests of our exporters and especially the Indian citizens are protected, said Mr Jitin Prasada, Union Minister of State of Commerce & Industry, Government of India in New Delhi today, referring to possible challenges arising from protectionist trade policy of countries.
 Source:  pib.gov.in
19 Feb, 2025 News Image Israel and India seek trade pact in 2025 as Trump touts US-India corridor via Israel.
Israel and India are seeking to sign a long-touted free trade agreement as early as this year, with US President Donald Trump revamping plans for a proposed US-India trade corridor through Israel. Leading a large business delegation to New Delhi last week, Economy Minister Nir Barkat, said that the visit marked 'a breakthrough in the economic relations between Israel and India.'
 Source:  timesofisrael.com
19 Feb, 2025 News Image Centre approves continuation of PM-AASHA scheme till 2025-26; tur procurement starts in many states.
The Centre has approved continuation of the integrated Pradhan Mantri Annadata Aay Sanrakshan Abhiyan (PM-AASHA) scheme during the 15th Finance Commission cycle up to 2025-26.
 Source:  economictimes.indiatimes.com
19 Feb, 2025 News Image India, UAE trade up 21.35% to $80.51 billion during April-January in FY25.
The bilateral trade between India and the UAE grew 21.35 per cent to USD 80.51 billion during the April-January period this fiscal year, according to the commerce ministry data.
 Source:  economictimes.indiatimes.com
19 Feb, 2025 News Image India-Qatar Joint Business Forum held to Strengthen Bilateral Economic Ties.
On the sidelines of the visit of H.H. Sheikh Tamim bin Hamad bin Khalifa Al Thani, Amir of Qatar to India from 17-18 February, Confederation of Indian Industry, in partnership with the Department for Promotion of Industry and Internal Trade (DPIIT) organised the India-Qatar Joint Business Forum on 18th February 2025 in New Delhi. The Joint Business Forum was graced by Shri Piyush Goyal, Hon’ble Minister of Commerce and Industry, Government of India and H.E. Sheikh Faisal bin Thani bin Faisal Al Thani, Hon’ble Minister of Commerce and Industry, State of Qatar, who delivered keynote address at the Business Forum.
 Source:  pib.gov.in
19 Feb, 2025 News Image Malda takes early steps to boost mango exports.
After last year’s failed mango export deal due to poor yield and quality concerns, the Malda district administration has begun preparations early this season to ensure smooth overseas shipments. On Monday evening, officials from the district administration and the Agricultural and Processed Food Products Export Development Authority (APEDA) held a meeting to strategise mango exports.
 Source:  millenniumpost.in
19 Feb, 2025 News Image China continues to import rice at a record pace.
Rice imports by China are expected to set a new record in 2015, surpassing 2014 levels by 200,000 metric tons and marking the fourth consecutive year of record imports. Rice imports surged in 2012 to more than 7 times the average of the previous 5 years, and continued to grow each year thereafter.
 Source:  ers.usda.gov
18 Feb, 2025 News Image Morocco Lifts Import Tariffs, Taxes on Rice to Steady Market Prices.
Morocco is going to scrap tariffs and VAT on rice imports to increase market supply and ease out prices, according to the Ministry of Industry and Trade. In a statement to stakeholders in the rice industry, the Ministry announced that 'from 1 January 2025, customs duties and VAT will be suspended on rice imports classified under tariff code 1006.20.90.00 until 31 December 2025.'
 Source:  moroccoworldnews.com
18 Feb, 2025 News Image Japan's private rice imports hit record high amid inflation.
Japan's private rice imports have already reached a record-high 468 tons in the current fiscal year through March, driven by robust demand from restaurants amid soaring prices for the domestic crop, according to government data. The import volume from April to December last year, the highest since the farm ministry began collecting data in fiscal 2019, was equivalent to about 6.5 million bowls of steamed rice and higher than the 350 to 450 tons annually imported by firms in recent years.
 Source:  english.kyodonews.net