India calls for dismantling of export controls among BRICS members at 15th BRICS Trade Ministers’ Meeting.
The 15th BRICS Trade Ministers’ Meeting was held on 21st May 2025 under the Presidency of Brazil, with the theme, 'Strengthening Global South Cooperation for More Inclusive and Sustainable Governance.' India used the platform to oppose export controls among BRICS members, encouraging mutual support within the bloc. As India prepares to assume the BRICS Presidency in 2026, it commended the solution-oriented approach of the Brazilian Presidency in addressing critical trade issues.
Source: pib.gov.in
India, Maldives to review implementation of economic, maritime security partnership on Monday.
External Affairs Minister S Jaishankar and his Maldivian counterpart Abdulla Khaleel will on Monday take stock of the implementation of the India-Maldives comprehensive economic and maritime security partnership. Khaleel, accompanied by a high-level delegation, is paying a three-day visit to India beginning Sunday evening. It is his third trip to India this year. The India-Maldives vision document on comprehensive economic and maritime security partnership was adopted by Prime Minister Narendra Modi and Maldivian President Mohamed Muizzu in October last year.
Source: economictimes.indiatimes.com
Decathlon plans to double sourcing from India once EU FTA is finalised.
French sporting goods retailer Decathlon plans to double its sourcing of goods from India once the country's free trade agreement (FTA) with the European Union (EU) is finalised, Sankar Chatterjee, the chief executive of the company's India operations, told ET. Decathlon Sports India's Chatterjee said if the FTA comes through as expected by December, the Indian production market for sporting goods could see a boom.
Source: economictimes.indiatimes.com
MoFPI Invites EoI for Agro Processing Clusters under PMKSY.
Ministry of Food Processing Industries, Government of India, has invited applications through Expression of Interest (EoI) dated 14.05.2025 under Scheme for Creation of Infrastructure for Agro Processing Industries (APC) of PRADHAN MANTRI KISAN SAMPADA YOJANA (PMKSY) from prospective entrepreneurs for setting up of Agro processing Clusters with closing date as 14th July, 2025 at 17.00 hrs.
Source: pib.gov.in
Pakistan rice exports in trouble on internal, external conflicts.
Pakistan rice exports in trouble as the unrest in Sindh has added the problems it is facing in shipping its consignments, after its bilateral relations with India deteriorated. In April, Pakistan rice exports declined to a little less than 44,000 tonnes, the lowest during the country’s current fiscal to June, data released by the State Bank of Pakistan showed.
Source: thehindubusinessline.com
Value-added millet products fail to gain traction in rural India.
The Millet bus has missed the rural stop. While the sustained health gain campaign significantly increased the value-added millet consumption in urban and semi-urban areas, it has not caught the imagination of the rural consumers. Data indicates that there is a clear urban preference in favour of value-added millet products and snacks across all millet types, while rural consumers tend to stick to traditional consumption patterns, particularly using millets as staples or in place of rice or wheat.
Source: thehindubusinessline.com
Piyush Goyal meets EU counterpart for second time in a month on FTA talks.
Commerce and Industry Minister Piyush Goyal has met European Commissioner for Trade Maros Sefcovic in Brussels, their second meeting within a month, to discuss the proposed free trade agreement (FTA), currently under negotiation between the two regions. Goyal travelled to Brussels on May 23 from Washington, while India's chief negotiator L Satya Srinivas and his team are already at the EU headquarters for the FTA negotiations. The Indian minister held meetings with his EU counterpart earlier this month.
Source: economictimes.indiatimes.com
Piyush Goyal meets US commerce secretary for 2nd time in a week to discuss proposed trade pact.
Commerce and Industry Minister Piyush Goyal on Friday met US Commerce Secretary Howard Lutnick in Washington, their second meeting within a week, to discuss the proposed bilateral trade agreement currently under negotiation between the two countries. On May 20 also, Goyal held a meeting with Lutnick to expedite the talks on the first phase of the trade pact. 'Held a constructive meeting with Secretary @HowardLutnick for a mutually beneficial trade agreement. Committed to enhancing opportunities for our businesses and people,' Goyal said in a post on X.
Source: economictimes.indiatimes.com
BRICS trade ministers' meet: India calls for dismantling export controls among members.
India has urged member nations of BRICS group to dismantle export controls within the bloc to boost trade, an official statement said on Friday. Representing India at the 15th BRICS trade ministers' meeting in Brazil, Economic Adviser in Department of Commerce Yashvir Singh emphasised the need to eliminate restrictive trade measures that disrupt critical supply chains. 'India used the platform to oppose export controls among BRICS members, encouraging mutual support within the bloc,' the commerce ministry said.
Source: economictimes.indiatimes.com
India has scope to grow exports as supply chains are changing.
An opportunity to grow exports is knocking on India’s door as supply chains are getting redrawn and steps which raise mid-tech labour-intensive exports can boost the country’s trade interlinkages, mass consumption, investment, and GDP growth, according to an HSBC report released on Thursday. While there is a general sense that India is mostly a domestic demand-driven economy, it is in periods of rising integration with the world that India has grown its fastest, the report states.
Source: thehansindia.com