Indonesia-India discuss proposal to create Preferential Trade Agreement.
Indonesian Trade Minister Budi Santoso met with Indian Minister of Commerce and Industry Piyush Goyal, and discussed steps to enhance bilateral trade relations by accelerating trade cooperation, enhancing market access, and bolstering investment between the two nations. Santoso described India as a strategic trade partner in South Asia with immense potential. 'Indonesia supports the creation of trade that is increasingly open, facilitative, and mutually beneficial, thereby driving growth in trade and investment between the two nations,' the Indonesian minister noted in a statement on Saturday.
Source: economictimes.indiatimes.com
Kandla Port's 40-day cargo delays put India’s rice exports at risk.
Indian rice exporters face significant logistical challenges at Kandla port. Cargo clearance now extends to forty days, impacting perishable rice shipments. This congestion occurs while India holds substantial rice stocks and anticipates global demand. Container shortages further exacerbate issues for basmati and non-basmati rice exports. These disruptions are causing global non-basmati rice prices to increase.
Source: economictimes.indiatimes.com
India-SACU trade pact terms may be signed tomorrow.
India and the Southern African Customs Union (SACU) are likely to ink the terms of reference (ToRs) for a preferential trade pact on Wednesday, an official said. The ToRs set the framework and scope of the negotiations for the proposed trade pact. The five-member SACU includes South Africa, Namibia, Botswana, Eswatini, and Lesotho. 'The ToRs could be signed on August 12,' said the official. Talks between India and SACU for a PTA began in 2008 but were stalled on issues related to sensitivities and market access.
Source: economictimes.indiatimes.com
Russia explores rail link to India to bypass maritime chokepoints.
Russia is exploring an ambitious plan to build a rail link to India as a hedge against risks associated with the Strait of Hormuz and the Bosphorus. Russian deputy prime minister Marat Khusnullin recently told state-run news agency TASS that Russia needs to explore a rail link to the Indian Ocean to reduce risks from disruptions at key maritime chokepoints.
Source: economictimes.indiatimes.com
India, South Africa-led SACU group may ink terms of reference for negotiating trade pact on Aug 12.
India and South Africa-led SACU group are likely to sign terms of references (ToRs) on August 12 for starting negotiations for a preferential trade agreement (PTA), an official said. The five members of SACU (South African Customs Union) are Botswana, Eswatini (formerly Swaziland), Lesotho, Namibia and South Africa.
Source: economictimes.indiatimes.com
APEDA Facilitates First-Ever Export of Mustard Honey by Dergang FPO from Tripura to Dubai.
APEDA facilitated the first-ever export of 1 Metric Tonne of Mustard Honey by Dergang Farmer Producer Organisation (FPO) from Tripura to Dubai. The export marks a new milestone for the FPO and the region by creating an opportunity for local beekeepers and farmers to access international markets through organised export-oriented production.
Source: pib.gov.in
राष्ट्रीय परीक्षण और अंशशोधन प्रयोगशाला प्रत्यायन बोर्ड(एनएबीएल) ने मोबाइल खाद्य परीक्षण प्रयोगशालाओं के लिए भारत की पहली प्रत्यायन योजना शुरू की
भारतीय गुणवत्ता परिषद(क्यूसीआई) के संघटक बोर्ड, राष्ट्रीय परीक्षण और अंशशोधन प्रयोगशाला प्रत्यायन बोर्ड(एनएबीएल) ने नई दिल्ली के होटल अशोक में आयोजित 'गुणवत्ता समन्वय - बहुपक्षीय एमओयू आदान-प्रदान समारोह' के दौरान एकीकृत मूल्यांकन कार्यक्रम के तहत मोबाइल खाद्य परीक्षण प्रयोगशालाओं के लिए भारत की अपनी तरह की पहली प्रत्यायन योजना की शुरुआत की है। इस पहल का उद्देश्य समुदायों के करीब विश्वसनीय, गुणवत्ता-आश्वासन और अंतरराष्ट्रीय मानकों के अनुरूप खाद्य परीक्षण सेवाओं की पहुंच का विस्तार करना है। कार्यक्रम में भाग लेने वाले संगठनों के बीच एक बहुपक्षीय समझौता ज्ञापनों(एमओयू) का आदान-प्रदान भी हुआ, जिससे अधिक नियामक अभिसरण, समन्वित मूल्यांकन तथा अधिक एकीकृत एवं कुशल गुणवत्ता बुनियादी ढांचे की दिशा में प्रयासों को मजबूती मिली।
Source: pib.gov.in
विदेश व्यापार महानिदेशालय ने अग्रिम प्राधिकरण और निर्यात प्रोत्साहन पूंजीगत वस्तु योजनाओं के तहत निर्यात दायित्व निर्वहन प्रमाण पत्र आवेदनों के लिए भौतिक शुल्क भुगतान चालान की आवश्यकता को हटा दिया
निर्यातकों के लिए व्यापार सुगमता बढ़ाने के उद्देश्य से एक महत्वपूर्ण कदम के तहत, विदेश व्यापार महानिदेशालय (डीजीएफटी) ने अग्रिम प्राधिकरण और निर्यात संवर्धन पूंजीगत वस्तु (ईपीसीजी) योजनाओं के तहत निर्यात दायित्व मुक्ति प्रमाणपत्र (ईओडीसी) के लिए आवेदन करते समय भौतिक शुल्क भुगतान चालान जमा करने की आवश्यकता को समाप्त कर दिया है। सीमा शुल्क/आईसगेट से प्राप्त लाइसेंस-वार स्वैच्छिक शुल्क भुगतान डेटा को डीजीएफटी की ऑनलाइन प्रणालियों के साथ जोड़ दिया गया है। इससे संबंधित प्राधिकरण के विरुद्ध ऐसे भुगतानों का प्रमाणीकरण सत्यापन संभव हो गया है।
Source: pib.gov.in
Tanzania-India trade now hits $9 billion as investment ties grow.
Economic and investment ties between Tanzania and India continue to strengthen, with trade between the two countries reaching $9.02 billion, equivalent to approximately Sh23.8 trillion, in the 2025/2026 financial year. India’s Embassy in Tanzania Head of Political, Information and Communication Affairs, Lakshay Anand, said this during the launch of Divine Serenity, a modern residential project comprising 136 homes located along Haile Selassie Road in Masaki, Dar es Salaam.
Source: thecitizen.co.tz
Moldova targets India for apple and dried fruit exports.
Moldova is looking to expand fruit exports to India, starting with apples and potentially adding dried fruit shipments, according to Iurie Fala, executive director of the Moldova Fruct Association. Moldova's exports to India were below US$1 million, with apples accounting for one-fifth of the total. Since 2023, the country has shipped just under 400 metric tons of apples to India, about two-thirds of which were trial shipments subject to phytosanitary controls through the Nava Sheva terminal at the port of Mumbai.
Source: freshplaza.com