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09 Aug, 2023 News Image 5th India-Vietnam Joint Trade Sub-Commission meeting in New Delhi.
The 5th meeting of India-Vietnam Joint Trade Sub-Commission (JTSC) was held in New Delhi today. The meeting was co-chaired by the Additional Secretary, Department of Commerce, Ministry of Commerce & Industry, Shri Rajesh Agrawal from the Indian side and Deputy Minister, Ministry of Industry and Trade, Ms. Phan Thi Thang from the Vietnam side. This meeting was held after a gap of more than four years since 4th JTSC meeting held in January 2019, on account of COVID-19 pandemic and other factors.
 
Vietnam is the 23rd largest global trade partner of India and the 5th largest among ASEAN countries with bilateral trade of USD 14.70 Bn during 2022-23. Vietnam accounts for 11.2% of India’s total trade with ASEAN. Vietnam is an important destination for India’s iron & steel and agricultural and animal products mainly meat products, animal fodder, cereals and marine products.
 
Both sides reviewed the progress on bilateral trade and economic cooperation and discussed ways to unlock the vast untapped potential in bilateral trade to enable the business communities from the two sides to benefit from the partnership of two of the fastest growing economies.
 
Both sides identified potential sectors such as agriculture, fisheries, textiles, footwear, pharmaceuticals, chemicals, fertilizers, machinery and equipment, consumer products, energy and automobile industry, for expanding trade cooperation and agreed to work together to resolve market access issues and technical barriers faced by the exporters through regular and sustained bilateral discussions.
 
The Indian side raised the issues of pending registration of Indian fishery and meat establishments for export, restricted market access in public procurement of drugs for Indian pharmaceutical companies and high anti-dumping duties imposed on Indian polyster filament yarn products and sorbitol.
 
The Indian side highlighted the potential in service sector cooperation and suggested cooperation in IT, financial services, education sector, tourism, healthcare, tele-medicine, medical tourism and start-up ecosystem. The Indian side also suggested Mutual Recognition Agreements (MRAs) on professional services, internationalization of RuPay card, QR based payment system, and domestic currency trade settlement.
 
Both sides discussed logistics challenges affecting bilateral trade and agreed to continue efforts for exploring direct shipping services, collaboration in freight movement and improving air connectivity.

 Source:  pib.gov.in
09 Aug, 2023 News Image APEDA facilitates export of first trial shipment of fresh pomegranate to USA via air.
In a major boost to fruits exports prospects, Agricultural and Processed Food Products Export Development Authority (APEDA), which works under the aegis of Ministry of Commerce and Industry, has facilitated the export of the first trial shipment of fresh pomegranate to the USA through air route. The first export consignment of pomegranate to USA was initiated by APEDA in collaboration with National Plant Protection Organization (NPPO) of India, the US’s Animal & Plant Health Inspection Service (US-APHIS), Maharashtra State Agricultural Marketing Board (MSAMB), ICAR-National Research Centre on Pomegranate, Solapur (NRC-Solapur) and others.
 
Chairman, APEDA, Shri Abhishek Dev said that the increase in pomegranate exports to the USA would result in higher price realisation and increase in farmers' income. There has been encouraging response from the importers of the pomegranate shipment.
 
The trial shipment of pomegranate was carried out by the APEDA registered ‘INI Farms’, which is amongst the top exporters of fruits and vegetables from India. It has built a value chain of banana and pomegranate by working directly with farmers. As a part of Agrostar group, complete services from agronomy, agri-inputs and off-take is provided to farmers with the produce exported to over 35 countries across the world. As the long-distance market and high cost was prohibitive in commencing commercial operations, the export of trial shipment of pomegranate would help in building capacities amongst Indian exporters and US importers by ensuring that quality fruits are exported.
 
Buoyed over the acceptance of Indian mangoes in US markets, exporters are hopeful that pomegranate would also become a successful product in the USA. For ensuring traceability in the export value chain of pomegranate, APEDA organizes sensitisation programmes on a regular basis in association with state governments to register farms under AnarNet – a system developed by APEDA. APEDA has played a significant role in gaining market access by opening the pathway to allow high quality Indian pomegranates in USA and Australia.
 
Because of its high antioxidant content and super fruit characteristics, ‘Bhagwa’ pomegranate from Maharashtra has a substantial export potential. The ‘Bhagwa’ variety of pomegranate has substantial demand in the overseas markets. The Solapur district in Maharashtra contributes almost 50 percent of the pomegranate export from the country.
 
In 2022-23, 62,280 metric tonne of pomegranate worth USD 58.36 million was exported to the countries including United Arab Emirates (UAE), Bangladesh, Nepal, Netherlands, Saudi Arabia, Sri Lanka, Thailand, Bahrain, Oman. India is the second largest producer of horticulture crops. In 2021-22, India recorded a total 333.20 million metric tonne (MMT) production of horticulture crops out of which the share of fruits and vegetables is 90%. The total production of fruits during 2021-22 was 107.10 MMT and pomegranate accounted for around 3 MMT.
 
India ranks seventh in production of pomegranate in the world and the total area under cultivation is around 2,75,500 hectares. In India, the major pomegranate producing states are Maharashtra, Gujarat, Karnataka, Rajasthan and Andhra Pradesh. APEDA has formed Export Promotion Forums (EPF) for Pomegranate to give an impetus to exports of pomegranate and remove bottlenecks of the supply chain. The EPF has representatives of the Department of Commerce, Department of Agriculture, state governments, national referral laboratories and top ten leading exporters of the product.
 
In a continuous process, APEDA has taken several initiatives to address the concerns of the pomegranate value chain from pre production, production, post-harvest, logistics, branding, to marketing activities. Besides, establishing more than 250 export oriented European Union compliant pack houses in the private sector, financial assistance has also been provided to state governments under Common Infrastructure Development augment capacity infrastructures for exports. APEDA has chalked out strategies for country-specific export promotional programmes and organized International Buyer Seller Meets for EU countries, Middle East and South East Asian countries to tap export potential in new markets.
 
The rise in the export of agricultural and processed food products is the outcome of APEDA’s various initiatives taken for the export promotion of agricultural and processed food products such as organising B2B exhibitions in different countries, exploring new potential markets through product-specific and general marketing campaigns by the active involvement of Indian Embassies. APEDA also organized a conference on the boosting export potential of natural, organic and GI-agro Products from the north-eastern states in Guwahati, Assam. The objective of the conference is to promote the export of natural, organic and GI agro-products grown in Assam and neighbouring states by creating international market linkages.
 
In collaboration with the Union Territory of Ladakh, APEDA recently organized an International Buyer Seller Meet, which aimed at boosting exports of Apricots and other agri-products from Ladakh.  Eighteen entrepreneurs from UTs of Ladakh and Jammu and Kashmir displayed a range of Apricots and other Agri Products. Twenty buyers from India, USA, Bangladesh, Oman and UAE participated in this event.

 Source:  pib.gov.in
09 Aug, 2023 News Image Implementation of PMKSY.
The Ministry of Food Processing Industries (MoFPI) has been implementing an umbrella scheme- Pradhan Mantri Kisan Sampada Yojana (PMKSY) since 2017-18 across the country. PMKSY is a comprehensive package of component schemes, which is aimed at creation of modern infrastructure with efficient supply chain management from farm gate to retail outlet. It provides boost to the growth of food processing sector in the country, helps in providing better prices to farmers, creates employment opportunities especially in the rural areas, reduces wastage of agricultural produce, increases the processing level and enhances export of the processed foods.
 
682 projects with grants-in-aid of Rs. 3530.25 crore during the last four years  (2019-20 to 2022-23) and 33 projects with grants-in-aid of Rs. 160.22 crore during the current year  2023-24 (till 31.07.2023) have been approved under various component schemes of PMKSY across the country. Out of this, 53 projects with grants-in-aid of Rs. 248.44 crore and 4 projects with grants-in-aid of Rs. 13.30 crore have been approved during the last four years and current financial year (till 31.07.2023) respectively in the State of Tamil Nadu.  
 
Fund amounting to Rs. 3925.89 crore has been allocated to PMKSY and out of this, Rs. 2648.41 crore has been released under various component schemes of PMKSY across the country including the State of Tamil Nadu for the period from 2019-20 to 2023-24 (till 31.07.2023). The details of the same are provided at Annexure.

Details of fund allocated / grants-in-aid released under various component schemes of PMKSY from 2019-20 to 2023-24 (till 31.07.2023)

                                                           (Rupees in crore)

S. No.

Component scheme of PMKSY

Financial

Year

Funds allocated

Grants-in-aid

released

1

Mega Food Parks (MFP)

 

 

2019-20

139.40

106.34

 

 

2020-21

61.25

61.22

 

 

2021-22

53.60

51.52

 

 

2022-23

24.00

21.68

 

 

2023-24

54.00(BE)

0.00
 

 

Total

332.25

240.76

 

 

 

 

  

2

Integrated Cold Chain & Value Addition Infrastructure (Cold Chain)

 

 

2019-20

324.16

269.13

 

 

2020-21

250.58

204.89

 

 

2021-22

260.82

223.44

 

 

2022-23

220.00

201.64

 

 

2023-24

194.00(BE)

31.51

 

 

Total

1249.56

930.61

 

 

  

 

  

3

Creation of Infrastructure Development for Agro Processing Clusters (APC)

 

 

2019-20

49.83

43.53

 

 

2020-21

56.59

48.68

 

 

2021-22

53.50

49.08

 

 

2022-23

56.15

46.42

 

 

2023-24

81.00(BE)

5.73

 

 

Total

297.07

193.44

 

 

  

 

 

4

Creation/Expansion of Food Processing & Preservation Capacities (CEFPPC)

 

 

 

2019-20

200.72

169.98

 

 

2020-21

217.30

200.84

 

 

2021-22

241.00

236.58

 

 

2022-23

217.68

168.11

 

 

2023-24

319.00(BE)

26.62

 

 

Total

1195.70

802.13

5

Food Safety & Quality Assurance Infrastructure (FTL)

 

 

 

2019-20

39.80

26.85

 

 

2020-21

36.63

28.84

 

 

2021-22

46.60

34.14

 

 

2022-23

32.80

18.53

 

 

2023-24

44.50(BE)

2.47

 

 

Total

200.33

110.83

 

 

  

 

  

6

Operation Greens (OG)

 

 

2019-20

28.03

2.37

 

 

2020-21

38.00

38.00

 

 

2021-22

71.50

65.15

 

 

2022-23

73.34

69.91

 

 

2023-24

212.34(BE)

12.01

 

 

Total

423.21

187.44

 

 

  

 

  

7

Creation of Backward Forward Linkage (CBFL)

 

 

2019-20

48.96

42.13

 

 

2020-21

55.85

53.67

 

 

2021-22

40.39

32.85

 

 

2022-23

18.58

9.33

 

 

2023-24

5.19(BE)

0.42

 

 

Total

168.97

138.40

 

 

  

 

  

8

Human Resources & Institutions (HRI)

 

 

2019-20

23.69

17.70

 

 

2020-21

15.59

14.40

 

 

2021-22

8.89

7.80

 

 

2022-23

5.82

4.77

 

 

2023-24

4.81(BE)

0.13

 

 

Total

58.80

44.80

 

 

Grand Total

3925.89

2648.41
 

 

This information was given by Union Minister of State for Ministry of Food Processing Industries Shri Prahlad Singh Patel in a written reply in the Lok Sabha today.

 


 Source:  pib.gov.in
08 Aug, 2023 News Image India may scrap wheat import duty, lower its stock limit.
The Indian government has decided to lower the stock limit for wheat to 2,000 tonnes from the current 3,000 tonnes in an effort to ensure ample availability in the domestic market. The move follows the Centre’s finding that over 40 million tonnes (mt) of wheat have been hoarded in the country, escaping the current stock limit provisions.
 
Besides, the government is considering lowering the import duty up to zero from the current 44 per cent (including cess) soon.
 
When asked about options available to the Government to check rising wheat prices, Food Secretary Sanjeev Chopra said the Centre has various options that are under consideration, including tweaking the stock limit as well as reducing the import duty. He did not specify when these measures would be in place. He, however, said the Government is aware of the fact that in the weekly auction by the Food Corporation of India (FCI), the average selling price has been increasing every week.
 
Chopra also said there was no plan under consideration for government-to-government import, especially from Russia.
 
Mystery over stocks
According to a June 12 notification, 10 tonnes of wheat limit has been fixed for any retail outlet, including big chains while 3,000 tonnes for traders and wholesalers. For processors of atta and other flour products such as sooji and maida, the maximum capacity will be either 75 per cent of the annual installed capacity of the mills or 10 months of actual requirement (June 2023-March 2024) based on monthly capacity.
 
According to sources, traders have declared to the government that they have 2.9 mt and processors have 6.2 mt, totalling 9.1 mt of wheat as on July 31. After factoring 30-35 mt, which is used for own consumption and seed and feed purposes, and an additional 9-10 mt declared stock held by processors and stockists, there should be 42-48 mt of wheat available in the market throughout the year, officials said. “When this stock outside the radar of stock limit will be released in the market no one knows,' an official source said on August 3.
 
The Agriculture Ministry has estimated wheat production in 2022-23 crop year at a record 112.74 mt. The wheat started arriving in the market from April and the government procured about 26.2 mt of the production. The official Agmarknet portal shows that the 21 mt of wheat arrived at various agri market yards (mandis) across the country between March 1 and July 31 this year.
 
Rising retail prices
The all India average retail prices of wheat and atta increased in June and July from their previous month’s rates. According to Consumer Affairs Ministry data, wheat prices were Rs.31.32/kg in April, Rs.31.27 in May, Rs.31.67 in June, Rs.31.96 in July and Rs.32.13 in August (1-3). Similarly, atta rates were Rs.36.55/kg in April, Rs.36.42 in May, Rs.36.95 in June, Rs.37.18 in July and Rs.37.37 in August (1-3).
 
The weighted average selling price in this week’s auction increased to Rs.2,208.33/quintal for FAQ from Rs.2,182.68 in the previous week. The reserve price for FAQ wheat is Rs.2,150/quintal. The weighted average selling price of URS wheat in current round was Rs.2,219.29, up from Rs.2,173.85 in previous round, whereas the reserve price is Rs.2,125. The highest price in the August 2 auction of FCI was recorded Rs.2,500/quintal in West Bengal and Maharashtra.
 

 Source:  thehindubusinessline.com
08 Aug, 2023 News Image Meghalaya s turmeric now landing in UK, Netherlands. Mission Lakadong transformed farming.
The zigzag roads in the West Jaintia Hills district of Meghalaya are a gateway to villages that now draw traders from across India and abroad to the golden spice, turmeric. Beyond the mist and clouds that often wrap these remote villages, people have been growing Lakadong—considered to be the finest variety of turmeric in the world—for generations. Now, Meghalaya’s Lakadong Turmeric has got fresh legs. And one magic word is on every grower’s mind—curcumin, the active ingredient in turmeric that’s used for pharmaceutical purposes, lending it its premium value.
 
Five years after Meghalaya set up Mission Lakadong, the local turmeric has set the district abuzz with economic activity, trade, and transforming farming and making it export-ready. Now Meghalaya’s turmeric is landing in the United Kingdom and the Netherlands. The state’s biggest competitors are Telangana and Maharashtra.
 
Several other states eclipse Meghalaya when it comes to the quantity of turmeric produced, but when the scales of quality are put out, the numbers flip. Three varieties of turmeric are grown in the West Jaintia Hill district – Lachein, Lasyein and Lakadong. While the first two varieties yield only four to five per cent curcumin, Lakadong boasts an average of seven per cent curcumin content. And the number is only native to this tiny district, which is bordered by Bangladesh in the south and Assam in the north. All attempts at growing the same turmeric elsewhere resulted in a sharp fall in curcumin level.
 
India needs fair, non-hyphenated and questioning journalism, packed with on-ground reporting. ThePrint – with exceptional reporters, columnists and editors – is doing just that.

 Source:  theprint.in
08 Aug, 2023 News Image Madhya Pradesh: Red Hot Chillies Of Khargone To Get GI Tag In Khargone.
The Madhya Pradesh horticulture and food processing department has selected a total of 46 products as specialities in the state and has applied for the geographical indication (GI) tag to aid with worldwide promotion.
 
These 46 products include Nimar's distinctive crop, Khargone Red Chillies which is already making a splash in foreign markets as part of the government's 'One District, One Product' initiative.
 
Red chillies of Khargone district are going to get special product status under Vikas Parv.
 
The chillies of the district have also been included in 46 special horticulture products of the state. For this work is going on in mission mode. Chilli crop was sown in the district in an area of 46556 hectares in 2023 in the state.
 
Notably, Bediya chilli mandi in Khargone district is the country's second-largest chilli market. Due to the branding of chilli crop here, the expectation of quality and business has increased.
 
Following the instructions of Chief Minister Shivraj Singh Chouhan, the department of horticulture and food processing conducted a survey of the status of horticulture products in various districts of the state.
 
Chilli To Probably Get GI Tag This Financial Year
 
Deputy director horticulture KK Girwal told that all the inputs including chilli area and research papers of the Agricultural Research Centre have been sent for documentation which is being done by government advisor Rajinikanth. The process will be completed in three months and thus chilli will probably get GI tag in this financial year.
 
Product Will Be Globally Branded
 
Distinctive geographical identification is what 'GI Tag' stands for and obtaining a GI tag will result in agricultural product branding. This will bring international attention to the product and farmers will get economic benefits. This initiative of the government is expected to increase the business here thus paving the way for increasing the prosperity of the district.

 Source:  freepressjournal.in
08 Aug, 2023 News Image Bhutan reaches out for rice amid export ban, India likely to offer it.
Bhutan has requested India to allow rice export to the country after India banned overseas shipments of non-basmati rice, causing global rice prices to rise. Bhutan has made a diplomatic request for rice shipments of up to 90,000 tonnes. India's rice ban allows for exemptions for export under government-to-government deals and in cases of requests made by "friendly countries" with genuine food-security needs. India's share in global rice exports is nearly 40%.
 
Bhutan has requested India to allow rice export to the Himalayan kingdom, following India’s July 20 ban on overseas shipments of non-basmati varieties of the grain , a person aware of the matter has said. India’s decision has sent global rice prices soaring.
 
The world’s biggest rice exporter imposed the ban over growing concerns of El Nino, a weather pattern whose effects ripple around the globe, affecting the Indian monsoon and hitting rice output, and Russia’s blockade of Ukraine’s grain shipments.
 
Bhutan has made a diplomatic request to India for rice shipments of up to 90,000 tonnes, the person said. Global prices have hit a 12-year high following India’s ban. The FAO’s All-Rice Price Index leapt 129.7 points in July 2023, up 19.6% from a year ago. India’s share in global rice exports is nearly 40%.
 
India’s rice ban allows for exemptions for export under conditional government-to-government deals and in case of requests made by 'friendly countries” which have genuine food-security needs, the person cited above said. The same relaxations also apply to the wheat-export ban instituted in May 2022.
 
The conditions also stipulate that food exported by India under such exemptions cannot be used for trade and has to be utilized for domestic consumption, the person added.
 
Such diplomatic requests are first reviewed by the ministry of external affairs, a second person said, adding Bhutan’s request for rice is very likely to be acceded to. Once the proposal is sent to the food ministry, the Food Corporation of India, the Centre’s main food agency, will process the request and release the stocks.
 
Immediately after the wheat ban last year, food minister Piyush Goyal had said that India wasn’t a significant exporter of wheat, yet the country would cater to 'genuine food-security needs of any friendly country”.
 
In September last year, India also banned the export of broken rice, but it has allowed exports to some countries.
 
'In the case of rice also, India will take up requests of any country that may face a dire need of food and seeks humanitarian assistance. This especially applies to our neighbours,” the second person added.
 
Since imposing the wheat and broken rice bans, India cleared over 300,000 tonnes of wheat shipments to Nepal, 200,000 tonnes of broken rice to Indonesia, 500,000 tonnes of broken rice to Senegal and 50,000 tonnes of broken rice to Gambia under humanitarian food assistance.
 
Global supplies have tightened since Ukraine is a major supplier of all types of grain and Russia’s blockade of its food shipments has caused a rally in global cereal prices. On July 17, Russia announced it was pulling out of the so-called Black Sea grain deal under which Ukraine could operate its ports. Days later, India clamped a ban on rice exports.

 Source:  hindustantimes.com
08 Aug, 2023 News Image India, Peru decides to resume FTA talks.
India and South American country Peru have decided to resume negotiations for a proposed free trade agreement (FTA) with an aim to promote two-way commerce and investment, a top government official said on Friday.
 
'We have decided to proceed with the FTA negotiations. We would be working out the priority areas...Post September, we will start engaging,' Commerce Secretary Sunil Barthwal told reporters here.
 
He also said that Chile is also requesting a similar agreement.
 
'If the countries are interested in FTAs, we will also look into possibilities,' he said at the sidelines of CII's India-LAC conclave.
 
The talks for an FTA were halted after a few rounds due to the breakout of the Covid-19 pandemic in 2020.
 
The main chapters of the trade agreement could include market access for goods, trade in services, movement of professionals, investments, dispute settlement, technical barriers to trade, trade remedies, rules of origin of goods, customs procedures and trade facilitation.
 
In an FTA, two countries significantly reduce or eliminate duties on most of the goods traded between them besides relaxing norms and rules to promote trade in services and increase bilateral investments.
 
Peru ranked third among export destinations for India in the Latin America and Caribbean (LAC) region.
 
The bilateral trade between the nations dipped to USD 3.11 billion in 2022-23 (exports stood at USD 866 million and imports USD 2.25 billion) from USD 3.6 billion in 2021-22.
 
Among the top-10 commodities that India exports to Peru are motor vehicles, cars, products of iron and steel, cotton yarn and fabrics. While the imports include bulk minerals and ores, gold, fertilisers, crude oil and zinc.
 
Latin America and the Caribbean (LAC) Region nations include Belize, Ecuador, Nicaragua, Brazil, El Salvador, Panama, Chile, Guatemala, Peru, Costa Rica, Guyana, and Suriname.
 
While speaking at the conclave, Barthwal also said that considering that imports from India constitute less than 2 per cent of LAC's total imports, there is significant scope for expansion of India-LAC bilateral trade.
 
While efforts are underway to double the bilateral trade to USD 100 billion in the coming years, that will also call for a new approach to broadbase the trade exchanges, such as integrating with diversified global value chains in a re-globalised world, he added.
 
Further he also emphasised on the need for closer India-LAC cooperation in the area of energy transition.
 
Fresh thinking is called for in areas like renewals, battery manufacturing, energy storage technology, chemical industry impact, that are aligned with the net zero goal, he said.
 
He suggested a Joint Economic and Trade Cooperation (JETCO) model for cooperation between the two regions, besides calling for close India-LAC cooperation on issues in the forthcoming trade ministers level meeting of the WTO in Abu Dhabi next year.

 Source:  zeebiz.com
08 Aug, 2023 News Image FTA Talks: Top ministers, officials of India and the European Union to meet in month-end.
Top ministers and officials of India and the European Union will meet on the sidelines of the G-20 trade ministers meeting in the last week of August to discuss the state of negotiations of the proposed free trade agreement (FTA) and to speed up the talks, a senior official said. 
 
While trade ministers’ meeting is in Jaipur on August 24 and 25, the bilateral ones will be held in New Delhi. 
 
'There will be a ministerial-level on August 26 in the national capital between India and the EU. Commerce Secretary Sunil Barthwal is also likely to meet EU director general for trade Sabine Weyand in Jaipur,' the official said.
 
So far, five rounds of discussions have been held on the FTA, the last one being in June. 
 
In the fifth round, modalities for exchange of market access offers in goods and government procurement were finalised, negotiations on small and medium enterprises (SMEs) chapter has concluded and the textual part of government procurement chapter has also been agreed in principle. 
 
India and the 27-nation bloc resumed negotiations on the FTA on June 17 last year after a gap of over eight years. 
 
The first attempt at FTA with the EU was made in 2007 and after many rounds of discussions the progress stalled in 2013 due to differences on issues of tariffs on automobiles, wines and spirits and freer movement of professionals. Brexit (exit of UK from EU) further complicated matters. The proposal for FTA was drawn afresh and discussions began again.
 
India’s merchandise exports to the EU increased to $ 74.5 billion in 2022-23 from about $65 billion in 2021-22. 
 
Imports too rose to $60 billion in FY23 from $51.4 billion in 2021-22.
 
The EU accounts for about 17% of India’s total exports and about 8.5% of the country’s total imports.

 Source:  financialexpress.com
08 Aug, 2023 News Image WTO ranks India 18th in merchandise exports.
Last Monday, the World Trade Organization (WTO) released its 2023 edition of the World Trade Statistical Review (WTSR), its annual flagship publication featuring key data on global trade in merchandise and commercial services. 
 
It gives data on merchandise and services trade broken down by geographical origin, main product groups and sectors, along with related data on key economic developments such as gross domestic product (GDP) growth, commodity prices, and exchange rate fluctuations, mostly for 2022.  It also presents recent trends in international trade at a time of geopolitical and macroeconomic st

 Source:  business-standard.com