India-EFTA FTA operational from Oct has opened big opportunities for Indian exporters: Norway envoy.
India-EFTA (European Free Trade Association) FTA could provide a beacon of hope for Indian traders impacted by American tariffs with the four European economies ready to provide opportunity to exporters from here. India-EFTA (Switzerland-Norway-Iceland-Liechtenstein) FTA, that came into force on October 1, has opened opportunities for Indian exporters in sectors including textiles, according to Norwegian envoy to India May-Elin Stener.
Source: economictimes.indiatimes.com
'Bangladeshi onion importers await government nod before supplies from India can resume'.
India's onion exports remain critical to international trade, but exporters continue to face challenges from unpredictable weather and restrictive trade policies, says Kiran Gandurde, Co-founder of Matoshree Fresh Foods. 'The current red onion season started much later than usual. Normally, we would see new crop arrivals by October, but prolonged rains pushed that back by 20 to 35 days. This delay means the first shipments of red onions from Nashik to Vietnam and Indonesia are just being arranged.'
Source: freshplaza.com
'Hopeful of sealing US, EU trade pacts soon': Piyush Goyal.
Commerce and industry minister Piyush Goyal on Sunday expressed hope that India's free trade agreements with the US and the European Union will get 'finalised soon' and said the country is 'working very actively with many developed countries around the world'.
Source: economictimes.indiatimes.com
India sets agenda for potato sector ahead of 2025 summit.
India's potato industry convened in New Delhi for a National Potato Stakeholders' Meet hosted by APEDA and Media Today Pvt. Ltd. The meeting brought together more than 60 participants from government agencies, research institutions, processors, exporters, and grower organisations. It also marked the official launch of preparations for the Global Potato Summit 2025, scheduled for 11–12 December 2025 in Greater Noida.
Source: freshplaza.com
Unilateral moves leading to reset in global trade: WTO director-general Ngozi Okonjo-Iweala.
Members of the World Trade Organization have avoided a tit-for-tat with the US and that is why the most favoured nation (MFN) trade is high, says the Geneva-based global trade watchdog's director-general, Ngozi Okonjo-Iweala. Currently on a visit to India, she tells Kirtika Suneja that the global system is resetting due to disruptions caused by unilateral actions and countries diversifying their trade and looking for new trading partners.
Source: economictimes.indiatimes.com
Global nuts and dried fruits body bets big on Gen-Z to promote consumption in India.
Gen-Z is the target segment to promote consumption of nuts in India, Chairman of International Nut and Dried Fruit Council (INC) Ashok Krishen has said. Speaking at the 100-year celebration of cashew processing in Mangaluru – ‘Kaju Centennial Summit 2025’ – in Mangaluru on Friday, he said Gen-Z will be able to consume nuts because they are more into sustainability, health and wellness. Considering this, they will be the right audience for promoting consumption of nuts.
Source: thehindubusinessline.com
Cashew consumption, processing to double in two decades, says all-India body.
India’s cashew consumption and processing are likely to double by 2045 considering the emerging trends in cashew consumption. Speaking on ‘Future of cashew processing’ at the 100-year celebration of cashew processing in Mangaluru – ‘Kaju Centennial Summit 2025’ – on Saturday, Bola Rahul Kamath, President of All India Cashew Association (AICA), said Indian cashew consumption is expected to more than double by 2045. Considering this, India will need to process at least 4 mt from the existing 2 mt just to meet the domestic demand, he said.
Source: thehindubusinessline.com
ICBA and Al Rostamani group unveil advanced research and training facilities to boost UAE’s sustainable agriculture goals.
In a major step toward advancing agricultural innovation and food security, the International Center for Biosaline Agriculture (ICBA) and Al Rostamani Group inaugurated new world-class facilities, including a training and knowledge transfer building, a plant tissue culture laboratory, and an integrated agri-aquaculture system, at ICBA’s headquarters in Dubai.
Source: fnbnews.com
Indian spices, tea exporters get a breather as Trump lowers tariffs.
Indian suppliers of spices, tea and several processed foods are set to benefit after US President Donald Trump reduced import duties on close to 200 agricultural and food products, reported Sidhartha & Chidanand Rajghatta of The Times of India (TOI). The move comes as the US administration is facing domestic pressure over rising prices.
Source: economictimes.indiatimes.com
Cabinet Approves New Export Credit Guarantee Scheme, Launches Rs.25,000 Crore Export Promotion Mission.
The Union Cabinet has approved a new Credit Guarantee Scheme for Exporters, offering 100 per cent credit guarantee to exporters, including MSMEs. This scheme will provide up to Rs. 20,000 crore in additional credit, strengthening liquidity and enhancing India’s global competitiveness. Briefing media about Cabinet’s decisions in New Delhi yesterday, Information and Broadcasting Minister Ashwini Vaishnaw said, the scheme aims to support India’s one trillion dollar export target and promote the vision of Aatmanirbhar Bharat.
Source: newsonair.gov.in