July rollout of India, US trade interim pact likely as two move to seal 'vibrant’ 1st phase: Piyush Goyal.
India and the US are moving towards closing all the open ends of the interim trade agreement, and both sides are likely to execute the 'very, very vibrant' first phase of the pact by the middle of next month, commerce and industry minister Piyush Goyal said Friday, adding that a higher level US team is expected to visit India towards the end of this month.
Source: economictimes.indiatimes.com
India-US trade deal '75 years overdue'; proposed 12.5% tariff part of talks: USIBC's Atul Keshap.
US-India Business Council President Atul Keshap said he shares Donald Trump's optimism that India and the US will reach a bilateral trade agreement (BTA) soon. Apprising that Washington's proposal of a 12.5% tariff on Indian goods over forced labour concerns is part of the ongoing negotiation, he said that the latest Indo-US trade deal was '75 years overdue'.
Source: economictimes.indiatimes.com
South America to ramp up India outreach despite geography.
South America is taking into account the strategic importance of India in the world today and focusing on ramping up ties with New Delhi notwithstanding the geography. Speaking at the India-Latin America and Caribbean Roundtable at the India International Centre, Argentine Ambassador Mariano Caucino remarked on the 'objective complementarity between India and Argentina” and stated that 'India and our region are called to work together'.
Source: economictimes.indiatimes.com
Nepal wants to resolve boundary row with India through diplomacy, open heart: Shishir Khanal.
Nepal wants to resolve the border row with India through diplomacy as no problem is too large if both sides sit across with an 'open heart', Nepalese Foreign Minister Shishir Khanal said on Sunday. Khanal said the new government in Kathmandu refuses to look at India through the 'distorted, hyper-sensitive lens of 21st century geopolitics' and instead wants to build a mutually beneficial relationship for overall prosperity of both the nations.
Source: economictimes.indiatimes.com
Odisha doubles rice milling charges, to encourage paddy procurement.
The Odisha government has doubled the rice milling charge in order to smoothen the paddy procurement from farmers and support the millers, an official said. The proposal in this regard was approved by Chief Minister Mohan Charan Majhi on Friday. The milling charge for parboiled (Ushuna) rice has been enhanced from Rs 20 to Rs 40 per quintal, while the charge for raw (Arua) rice is raised from Rs 10 to Rs 20 per quintal, a release issued by the CMO said.
Source: economictimes.indiatimes.com
FTA talks with EAEU likely to take up agri, marine goods.
India is expected to take up compliance and certification requirements aimed to ease exports of marine goods, agricultural items and processed foods with the Russia-led Eurasian Economic Union (EAEU), during the second round of talks for the proposed free trade pact end of this month in Moscow, said an official. Russia, Armenia, Belarus, Kazakhstan, and Kyrgyzstan comprise the EAEU.
Source: economictimes.indiatimes.com
Record pulses buffer to act as shield against El Nino, says govt official.
The government's record pulses buffer of 43 lakh tonnes will serve as a strategic cushion against any supply disruption or price flare-up triggered by a likely El Nino weather phenomenon, a top government official said on Thursday. 'We don't have to dispose it of now. If there is an El Nino effect and it impacts kharif sowing, this buffer stock of pulses will be used,' Consumer Affairs Secretary Nidhi Khare told PTI on the sidelines of a FICCI event.
Source: economictimes.indiatimes.com
US optimistic about progress in trade talks with India; deal a priority: State Dept.
The United States is very optimistic about the progress of trade negotiations with India, and a bilateral trade deal remains a priority for the Trump administration, State Department Spokesperson Tommy Pigott said. Pigott was responding to a question by PTI during a roundtable interaction organised by the New York Foreign Press Centre with a select group of international journalists on Thursday.
Source: economictimes.indiatimes.com
India to roll out 6–7 FTAs next year as trade push accelerates: Piyush Goyal.
India is likely to execute three to four significant trade agreements in the coming year, while another two to three substantive free trade agreements (FTAs) are expected to come into force in the next six months, commerce and industry minister Piyush Goyal said on Thursday.
Source: economictimes.indiatimes.com
Livestock industry demands 1.5 million tonnes soymeal imports amid price surge.
India's livestock industry has urged the government to allow imports of 1.5 million tonnes of soybean meal, after domestic prices of the key poultry feed ingredient surged about 45% in two months, raising costs for farmers and squeezing margins across the sector.
Source: economictimes.indiatimes.com