Amid rising imports of cheap teas, Tea Board orders all consignments to be tested from May 1.
With the Indian tea industry complaining that imports of cheap and inferior quality of the brew have been growing, the Tea Board on Tuesday said all import consignments of tea should be mandatorily tested with effect from May 1 in order to ensure quality.
Source: thehindubusinessline.com
India-US trade deal to make sure only Indian and American products get the benefits, White House says.
The United States has said its proposed trade framework with India will be structured to ensure that 'the agreed benefits accrue predominately to the United States and India,' underscoring a push for reciprocal market access, tariff reductions and tighter rules of origin between the two strategic partners. In a fact sheet released late Monday, the White House said the arrangement is designed to expand trade while aligning economic and national security priorities.
Source: economictimes.indiatimes.com
India-EU trade agreement: Organic exporters showcase products at Germany’s Biofach amid new market opportunities.
With India and the EU announcing the conclusion of a trade agreement, exhibitors from as many as 20 Indian states, including Assam, Meghalaya, and Kerala, are here to showcase their organic food products at the world's leading trade fair Biofach Germany, the commerce ministry said on Tuesday. It is expected to help promote India's exports of organic goods in the European nations.
Source: economictimes.indiatimes.com
India-US BTA: Zero-duty access to $46 billion US market to boost farmer incomes.
The proposed India-US Bilateral Trade Agreement (BTA) is expected to significantly benefit Indian farmers, with India's export advantage and income potential across agriculture and allied sectors. India already enjoys a USD 1.3 billion surplus in agricultural trade with the United States. In 2024, India exported USD 3.4 billion worth of agricultural products to the US, while imports stood at USD 2.1 billion, highlighting India's strong net export position in the farm sector.
Source: economictimes.indiatimes.com
EU FTA provides huge opportunities in India for non-alcoholic beverage exports: French firm Richeerz.
France-based sparkling tea maker firm Richeerz on Tuesday said the free trade agreement (FTA) finalised between India and the EU has opened up huge opportunities to boosting bilateral trade between the two sides in the non-alcoholic beverages sector. The company is importing Darjeeling tea from India for its products and is now looking at export to India.
Source: economictimes.indiatimes.com
India, EU truly mother of all deals; brings together nearly one-fourth of global economy: Commerce Secretary Rajesh Agrawal.
The free trade agreement between India and the EU is 'truly a mother of all deals' as it brings together nearly one-fourth of the global economy, Commerce Secretary Rajesh Agrawal said on Tuesday here. He said that the two sides offer a lot of synergies, which is important in today's world, where people are facing a lot of turmoil and challenges in global trade.
Source: economictimes.indiatimes.com
India is the place for large-scale organic production, says Commerce Secretary Rajesh Agrawal.
India is the place for large-scale organic production and the country is keen to collaborate with the EU to strengthen this ecosystem to cater to rising demands, Commerce Secretary Rajesh Agrawal said here on Tuesday. Agrawal also said that India's organic products exports have grown threefold over the last 10 years, and the government now aims to triple them again over the next five years.
Source: economictimes.indiatimes.com
India–US partnership set to reach new heights, says Piyush Goyal after meeting Ambassador Sergio Gor.
Union Minister for Commerce and Industry Piyush Goyal on Tuesday expressed confidence that the India-US partnership will scale new heights in the coming period, particularly in the backdrop of the recently announced interim India-US trade deal. In a social media post, the minister said he was delighted to attend the welcome reception of Sergio Gor at the US Embassy in India. Highlighting the importance of the engagement, Goyal stated that the India-US Trade Deal will play a key role in strengthening bilateral ties between the two countries.
Source: economictimes.indiatimes.com
India-US trade deal to make sure only Indian and American products get the benefits, White House says.
The United States has said its proposed trade framework with India will be structured to ensure that 'the agreed benefits accrue predominately to the United States and India,' underscoring a push for reciprocal market access, tariff reductions and tighter rules of origin between the two strategic partners.
Source: economictimes.indiatimes.com
Import tariffs on agriculture items to be phased out over 10 years.
The government on Monday said tariffs on imports of several agricultural and intermediate products from the US will be phased out over a period of up to ten years under the India-US trade agreement. This would provide 'adequate adjustment space for domestic players', it said. These products include albumins, oils such as coconut oil, castor oil and cottonseed oil, hoofmeal, lard, stearin, modified starches, peptones and their derivatives, and plants and parts of plants, among others.
Source: economictimes.indiatimes.com