To deliver speed to exporters customs rules must be recast: Revenue secretary Arvind Shrivastava.
Customs procedures must be reoriented to deliver speed and certainty to Indian exporters, as the country re-engages with the global markets, said revenue secretary Arvind Shrivastava. Addressing the National Symposium on Customs Reforms on Thursday, he said India stood at an important juncture in its economic journey, with expanding trade volume, deeper integration in global value chains and a rapidly growing digital commerce ecosystem.
Source: economictimes.indiatimes.com
Saudi Arabia bans poultry, egg imports from 40 countries, including India; partial curbs on 16 nations.
Saudi Arabia’s Food and Drug Authority (SFDA) has imposed a full ban on poultry and table egg imports from 40 countries, including India and introduced partial restrictions on specific regions in 16 others as part of precautionary measures to protect public health and ensure food safety in the domestic market. According to Gulf News, the revised import list marks one of the most extensive updates in recent years. The changes, examined by Okaz newspaper, confirm that imports from 40 countries are now completely prohibited, while additional regional restrictions have been imposed amid ongoing global disease concerns.
Source: economictimes.indiatimes.com
Commerce minister Piyush Goyal says India has concluded nine free trade agreements covering 38 nations.
India has concluded nine free trade agreements (FTAs), covering 38 nations, enabling the country's shipments to get preferential access to nearly two-thirds of global markets, Commerce and Industry Minister Piyush Goyal said on Wednesday. Addressing the EY Entrepreneur Of The Year Awards ceremony here, Goyal said that these pacts will help Indian goods, services, agricultural and fisheries products, and labour-intensive sectors reach new markets, integrate into global value chains and enhance talent mobility.
Source: economictimes.indiatimes.com
Nepal's soyoil exports to India jump tenfold on duty free access.
Nepal's soybean oil exports to India jumped more than tenfold in 2025 to a record high, boosted by duty-free access that helped the Himalayan nation double total exports to its neighbour, industry officials told Reuters. The surge narrowed Nepal's trade deficit with India but pressured edible oil prices in border regions, making it harder for Indian refiners paying import duties to compete with cheaper supplies.
Source: economictimes.indiatimes.com
India-EU: AISEF, European Spice Association ink deal to strengthen trade cooperation.
The All India Spices Exporters Forum (AISEF) and the European Spice Association (ESA) have signed a memorandum of understanding to boost cooperation on food safety, sustainability standards and regulatory alignment in the India-EU spice trade. The agreement was signed at the International Spice Conference (ISC 2026) here on Monday by AISEF Chairman Emmanuel Nambusseril and ESA Chairman Benoit Winstel, according to a release here on Wednesday.
Source: economictimes.indiatimes.com
India Scraps South American Soy Oil Cargoes as Prices Rally.
India, the world’s biggest soybean oil buyer, canceled several more cargoes from South America as a rally in international prices gave traders an opportunity to book profits. About 65,000 to 75,000 tons that Indian traders booked for April to July have been scrapped in recent days, said Aashish Acharya, vice president at Patanjali Foods Ltd., one of India’s top vegetable oil buyers. The move involves buyers canceling the cargoes and effectively selling them back to the supplier at a higher price, providing a profit of roughly $40 to $60 a ton, Acharya said.
Source: bloomberg.com
Three-day National Pusa Krishi Vigyan Mela inaugurated by Union Agriculture Minister Shri Shivraj Singh Chouhan.
Union Minister for Agriculture and Farmers’ Welfare, and Rural Development, Shri Shivraj Singh Chouhan on Wednesday inaugurated the three-day Pusa Krishi Vigyan Mela organised at the Indian Council of Agricultural Research campus in Pusa, Delhi, and presented a comprehensive roadmap of major agricultural reforms aimed at steering Indian farming towards the vision of ‘Developed Agriculture (Viksit Krishi) – Self-Reliant India (Atmanirbhar Bharat)’. He sent a clear message that the old practice of withholding farmers’ money would no longer be tolerated. From MSP procurement to Kisan Credit Card loans, pesticide licensing and the role of Krishi Vigyan Kendras (KVKs), transparency, time-bound delivery and accountability would be ensured at every level.
Source: pib.gov.in
AI, FTAs and youth leadership key to Viksit Bharat vision: Shri Piyush Goyal.
Union Minister of Commerce and Industry Shri Piyush Goyal delivered the keynote address at the 27th edition of the EY Entrepreneur Of The Year Awards, in Mumbai today evening. The Union Minister gave away the awards in the program that brought together leading entrepreneurs, industry captains and startup founders from across the country.
Source: pib.gov.in
Govt releases 23 new high-yielding crop varieties using adv nuclear recovery.
The Government has developed and released 23 new high-yielding and climate-resilient crop varieties over the last five years, all engineered using advanced nuclear recovery and radiation-induced mutagenesis. As per reports, the Bhabha Atomic Research Centre (BARC) has now released a total of 72 improved varieties to date. The most recent batch (2020–2025) specifically targets food security and farmer income through superior genetic traits.
Source: fnbnews.com
Brazil and India advance trade digitalization with the Electronic Cerificate of Origin.
Trade operations between Brazil and India covered by Mercosur’s agreement with the Asian country will become faster and more cost-effective with the adoption of Electronic Certificates of Origin (ECO). The certificates may be issued and signed electronically.
Source: datamarnews.com