Three-day talks on trade pact begin today: Govt weighs relief for US feedstock, cherries.
India could reduce customs tariffs on certain imports from the US, including feedstock such as gas and farm produce like cherries and pecan nuts, and seek easier regulatory barriers for its exports.
Source: economictimes.indiatimes.com
Germany looking to expand trade ties with India.
Germany is looking to work with India on making cutting-edge defence equipment, recruiting skilled workers, expanding trade and green technologies. At a strategic level, the European nation intended to ramp up its military prowess in the wake of Russian aggression in Ukraine and work alongside New Delhi in the Indo-Pacific, said.
Source: tribuneindia.com
Wheat stock limit expires on March 31; weekly stock disclosure begins from April 1.
The government has made it mandatory for the wheat industry and trade to declare weekly stock position on the portal starting April 1. The existing stock limit on wheat will expire on March 31. The Department of Consumer Affairs has said that to manage the overall food security and to prevent unscrupulous speculation, the Government of India has decided that traders, wholesalers, retailers, big chain retailers and processors have to declare their stock position of wheat on the portal from April 1 and then, on every Friday till further orders.
Source: economictimes.indiatimes.com
India, US to focus on higher market access, lower import duty and trade barriers: Govt to Parliament.
India and the US would focus on increasing market access, reducing import duty and non-tariff barriers, and enhancing supply chain integration in the proposed bilateral trade agreement, the government told Parliament Tuesday.
Source: economictimes.indiatimes.com
India Set to Maintain Sugar Export Quota on Ample Supplies.
India plans to maintain its one-million-ton sugar export quota for the current season, according to a person familiar with the matter, easing worries about possible supply restrictions that boosted global prices last week. The country will not bar outbound shipments as the world’s second-biggest producer will have enough stockpiles at the end of this season on Sept. 30, even after a drop in production, said the person, who asked not to be identified as the information is confidential. The country’s supplies are adequate to meet domestic demand for more than two months before crushing for next year’s crop begins, the person added.
Source: bloomberg.com
India, Nigeria strengthen bilateral ties.
The longstanding economic and diplomatic ties between India and Nigeria took center stage at the maiden edition of the India Trade Expo 2025, as both nations reaffirmed their commitment to deepening trade relations and fostering new investment prospects. They expressed concerns over the need to reverse the declining trade volume between both countries, which fell from $14.95 billion in 2022 to $7.89 billion in 2024.
Source: guardian.ng
Indian, US officials to hold discussions to expand bilateral trade ties: Commerce min.
Indian and US officials will hold discussions this week to expand and deepen bilateral trade ties in a mutually beneficial manner and enhance supply chain integration, the commerce ministry said on Monday. To discuss trade-related issues with India, Assistant US Trade Representative for South and Central Asia Brendan Lynch, along with a team of US government officials, will be visiting India from March 25-29.
Source: livemint.com
India’s mangoes, millets and biryani attracted visitors at London expo.
India showcased organic products, millets, mangoes, guavas and pomegranates among a host of other items at this year’s International Food & Drink Event (IFE) in London last week. A premium range of processed foods as well as a collection of Indian liquor such as Rampur, Sula, Godawan, Old Monk Coffee, Jamun Gin and Jaisalmer Gin were also displayed which attracted visitors’ attention, said an official.
Source: thehindubusinessline.com
PM Modi govt's higher MSP spend on pulses driving up production, exports.
The focus of the Narendra Modi-led Central government is on increasing productivity of pulses, cereals and vegetables to produce more food for improving the nutritional level of the population as well nurturing India's ambition to become the food basket of the world, according to a senior Ministry of Agriculture and Farmers Welfare official. According to figures compiled by the Ministry of Agriculture, pulse exports registered more growth than imports with higher MSP being given to farmers during the NDA government as compared to the erstwhile UPA government’s tenure.
Source: indiatribune.com
India's traditional beverage Goli Soda sees strong demand in US, Europe, Gulf.
India's traditional beverage Goli Soda is witnessing strong consumer response in key international markets, including the US, UK, Europe, and the Gulf, driven by strategic expansion and innovative reinvention, an official statement said on Sunday. Under a strategic partnership with Fair Exports, India has ensured steady deliveries of Goli Soda, rebranded as Goli Pop Soda, to Lulu Hypermarket, one of the largest retail chains in the Gulf region, the commerce ministry's arm Agricultural and Processed Food Products Export Development Authority (APEDA) said.
Source: economictimes.indiatimes.com