India has 'unequivocally' rejected the counter-notification issued earlier this month by five countries at the WTO—US, Australia, Canada, Argentina and Ukraine, targeting India for allegedly under-reporting its market price support for rice and wheat. The country’s representative pointed out that the notice was inaccurate and based on selective interpretations of WTO rules, saida Geneva based trade official.
India is aiming to eradicate foot and mouth disease in its livestock by 2030 in order to increase milk production and dairy exports, said Union minister of animal husbandry and dairying Rajiv Ranjan Singh on Tuesday.
Central Board of Indirect Taxes and Customs chairman Sanjay Kumar Agarwal on Thursday said India is actively pursuing negotiation for signing of mutual recognition agreements (MRAs) with customs authorities of about 30 countries. Mutual recognition agreements help ease overseas trade by avoiding dual certifications. It thus reduces compliance cost, simplifying compliance requirements by adhering to only one regulation and enhancing trade opportunities.
A senior Russian diplomat on Wednesday said bilateral trade between the two countries has reached a record USD 66 billion in 2024, marking a fivefold increase over the past five years, with a 9 per cent rise in the first eight months of this year. The envoy said Russia and India are on track to achieve the ambitious USD 100 billion trade target by 2030, bolstered by expanding collaborations and diversified trade opportunities.
