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Apr 11, 2025 News Image India, Russia agree on 6 new strategic projects to boost bilateral investment cooperation.
India and Russia have agreed on six new strategic projects to deepen bilateral investment cooperation, the commerce and industry ministry said on Wednesday. It was agreed during a session of the India-Russia Working Group on Priority Investment Projects (IRWG-PIP) under the India-Russia Intergovernmental Commission on Trade, Economic, Scientific, Technological and Cultural Cooperation.
 Source:  economictimes.indiatimes.com
Apr 11, 2025 News Image India's exports cross $820 bn in 2024-25: Commerce ministry.
The country's goods and services exports have crossed USD 820 billion in 2024-25, marking a nearly 6 per cent increase over the previous fiscal year despite global economic uncertainties, the commerce ministry said on Wednesday. The exports stood at USD 778 billion in 2023-24. The commerce ministry informed exporters about the figure during a meeting called to deliberate on the opportunities arising out of the current situation and to apprise the industry about the steps being taken by the government to deal with it.
 Source:  economictimes.indiatimes.com
Apr 11, 2025 News Image UK Chancellor, Finance Minister Sitharaman announce $400 million in new trade.
UK Chancellor Rachel Reeves and Finance Minister Nirmala Sitharaman announced USD 400 million in new trade and investment deals at the 13th UK-India Economic and Financial Dialogue in London on Thursday. In a post on X, the British High Commission in India wrote, 'The UK and India are growing together. Chancellor @RachelReevesMP and Minister @nsitharaman have announced £400m of trade and investment wins at the 13th UK-India Economic and Financial Dialogue in London.'
 Source:  economictimes.indiatimes.com
Apr 11, 2025 News Image US suspends additional 26% tariff on India till July 9: White House.
The US has announced the suspension of additional tariffs on India for 90 days until July 9 this year, according to the White House executive orders. On April 2, US President Donald Trump slapped universal duties on about 60 countries exporting goods to America and additional steep levies on countries like India, potentially impacting sales of products from shrimp to steel in the world's biggest economy. The move was aimed at cutting its trade deficit and boosting domestic manufacturing.
 Source:  economictimes.indiatimes.com
Apr 11, 2025 News Image India eyes export gains as US-China trade war opens market opportunities.
The commerce and industry ministry has begun work on identifying export opportunities emanating from the US-China trade war even as officials said that the 90-day reprieve to the Indian exporters would give them and their overseas buyers time to share the burden of additional 10% tariffs with the consumers. 'We are exploring export opportunities because of the tariff war. A fresh exercise is being done as both sides are uncertain about the tariffs,' said an official.
 Source:  economictimes.indiatimes.com
Apr 11, 2025 News Image Virudhunagar ‘Samba Vathal’ gets GI Tag.
Virudhunagar Samba Vathal (Chilli) has got geographical indication tag based on the application made by Tamil Nadu State Agricultural Marketing Board and Virudhunagar Chillies Merchants’ Association. A distinguished variety of chilli, Virudhunagar Samba Chilli is grown in Virudhunagar district and is known for its unique flavour, moderate heat and vibrant red colour.
 Source:  thehindu.com
Apr 09, 2025 News Image India requests Israel to expedite market access to 10 agri, horti products.
India on Tuesday asked visiting Israel’s agriculture minister Avi Dichter to allow import of Indian potato, garlic, turmeric, pineapple and grapes immediately while ensuring similar approval for onions, green chilies, mango and pomegranate at the earliest. On the other hand, Israel took interest in research activities to develop climate-resilient seeds, particularly of wheat and some other crops, while requesting India to allow citrus and avocado.
 Source:  thehindubusinessline.com
Apr 09, 2025 News Image India, EU exploring possibility to negotiate FTA in phases: Official.
India and the European Union (EU) are exploring the option of negotiating their free trade agreement (FTA) in phases amidst an uncertain global trade environment following imposition of sweeping tariffs by the US, an official said. India has followed the practice of negotiating such trade pacts in two phases with Australia. Negotiating the FTA in two phases allows both sides to first conclude areas where agreement can be reached more easily. Complex issues can be dealt with at a later stage.
 Source:  economictimes.indiatimes.com
Apr 09, 2025 News Image China boosts Indian rapeseed meal purchases after tariff on Canadian imports.
China has bought 52,000 tons of Indian rapeseed meal in the past three weeks - four times the amount Beijing imported from India in the whole of 2024 - after Chinese authorities imposed a 100% retaliatory tariff on Canadian imports, industry sources said. India's rapeseed meal exports will help China, the world's top consumer, replace imports from Canada while easing pressure on local rapeseed prices in India, which is sitting on large stockpiles of the widely used animal feed.
 Source:  economictimes.indiatimes.com
Apr 09, 2025 News Image US tariffs on India: Piyush Goyal to meet exporters on April 9.
Commerce and Industry Minister Piyush Goyal will hold a meeting with exporters on Wednesday to discuss issues pertaining to India's trade amid imposition of an additional 26 per cent reciprocal tariffs by US President Donald Trump-led administration, an industry official said. Senior officials of the commerce ministry and representatives of export promotion councils (EPCs) and the Federation of Indian Export Organisations (FIEO) will attend the deliberations.
 Source:  economictimes.indiatimes.com