Import window for duty-free raw sugar extended till Dec 31.
The government has extended by two months, until December 31, the deadline for duty-free imports of 10 lakh tonnes of raw sugar, according to a notification issued by the Directorate General of Foreign Trade (DGFT) on Wednesday. The earlier deadline was October 31.
Source: economictimes.indiatimes.com
NZ-India FTA Creates New Opportunities for Summerfruit Growers- Summerfruit NZ.
The New Zealand-India Free Trade Agreement (FTA) is being welcomed by the summerfruit industry as a significant step towards expanding opportunities for New Zealand cherry and apricot growers and exporters. ‘The agreement is an important milestone for the industry,’ says Summerfruit NZ Commercial Manager, Raj Singh.
Source: summerfruitnz.co.nz
Railways plans two warehouses in Kashmir to speed up farm produce transportation.
The Northern Railway has invited tenders for setting up warehouses near Anantnag and Pampore railway stations in Kashmir to improve storage facilities and facilitate the transportation of agricultural produce to major markets. The two proposed facilities, along with a warehouse planned at Bari Brahmana near Jammu, are part of the Railways’ efforts to strengthen freight infrastructure and improve the movement of farm produce, officials said on Tuesday.
Source: knskashmir.com
Australian almond exports hit August record as Indian demand surges.
Australian almonds continue to be in strong demand around the world. The industry's August Position report – which is the sixth month of the selling year – has been one of the strongest in history according to the Australian Bureau of Statistics (ABS). While the export figures can be amended in the months ahead, due to variations in the reporting protocols within the ABS, the August almond shipments were the highest on record, bettering the previous watermark month of September 2024.
Source: freshplaza.com
Asean emerges as fastest growing region for exports.
It all boils down to one commodity: Oil products. Asean has emerged as the fastest growing region for India’s exports due to a spurt in petro product shipments – mainly to Singapore -- while the European Union saw the slowest pace of increase during April Aug as export of petroleum products fell. Latest data available with the commerce department showed that India’s exports to Asean went up 56% during the first five months of the fiscal year as oil product shipments soared 2.4 times to over $6.1 billion, with Singapore accounting for almost threefourths of it. What also helped was a 20-fold jump in computer hardware to $1.4 billion to Asean countries and strong growth of electric machinery (82% to $1.6 billion) and buffalo meat (42% to $1 billion)Since March, countries have recalibrated their energy purchases due to the disruption in West Asia.
Source: timesofindia.indiatimes.com
Indian banana exports face an unusual October peak season.
October is usually an important month for Indian banana exports, with demand picking up across overseas and domestic markets. Demand is typically strong ahead of winter, when chilling in bananas becomes a concern, says Shyam Dhumal of Agroindis Exim Pvt. Ltd. 'This year, exporters are facing a more complicated trading environment, with shipping uncertainty and longer transit times disrupting established trade flows,' he adds.
Source: freshplaza.com
India-NZ FTA in force: Over half of New Zealand’s exports to India now tariff-free, Wellington also eyes Brazil, Canada.
New Zealand said on Tuesday it will work to deepen trade ties with Brazil and Canada to diversify export markets amid global economic uncertainty, as a free trade agreement with India came into force. The announcements come ahead of New Zealand's closely fought November 7 election, with Trade and Investment Minister Todd McClay presenting the measures as part of a broader target to double the value of exports by 2034. The first New Zealand-Brazil Trade and Investment Dialogue is expected to be scheduled after Brazil's October 25 election runoff and New Zealand's vote.
Source: economictimes.indiatimes.com
Rubio says India-US trade deal is ‘very, very close’ after Jaishankar meeting.
US Secretary of State Marco Rubio told reporters on Tuesday that the country's trade deal with India was in its final stages, with only a small number of items left to wrap up, after he held talks with Indian Foreign Minister Subrahmanyam Jaishankar in Mumbai. 'We’re very, very close. I would say we’re about as close as you can be without having executed the agreement. I think there’s a small number of items left to wrap up, so I think that will happen shortly,' Rubio told reporters, as per AP.
Source: economictimes.indiatimes.com
US targets $500 bn bilateral trade with India in three years, says Ambassador Sergio Gor.
The United States has set an ambitious target to double its bilateral trade with India to over USD 500 billion within the next three years, up from a record-breaking USD 240 billion, US Ambassador to India Sergio Gor said. Addressing business leaders and diplomats at the Freedom 250 reception in Mumbai, Ambassador Gor highlighted the deepening economic and strategic partnership between the two nations, noting that President Donald Trump sent him to India with a clear mandate -- 'Deliver results. Don't just talk about the future. Make it happen'.
Source: economictimes.indiatimes.com
भारत-न्यूजीलैंड मुक्त व्यापार समझौता (एफटीए) 20 अक्टूबर 2026 को विजय दशमी के अवसर पर लागू होगा, जिससे भारतीय निर्यातकों के लिए नए अवसर खुलेंगे|
केंद्रीय वाणिज्य एवं उद्योग मंत्री श्री पीयूष गोयल और न्यूजीलैंड के व्यापार एवं निवेश मंत्री माननीय टॉड मैक्ले ने आज एक वर्चुअल सम्मेलन के माध्यम से संयुक्त रूप से घोषणा की कि भारत–न्यूजीलैंड मुक्त व्यापार समझौता (एफटीए) 20 अक्टूबर 2026 को विजयादशमी के अवसर पर लागू होगा। यह दिन विजय और नई शुरुआत का प्रतीक है।
Source: pib.gov.in