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Jun 27, 2025 News Image India-UK FTA to include co-equal origin provision; product-specific norms to offer flexibility.
The draft India–UK free trade agreement (FTA) has introduced a 'coequal' rule or product-specific origin norms to offer greater flexibility to specific goods, said people aware of the matter. The rule will allow the producer of a good to meet any of the criteria of origin to claim benefits under the FTA.
 Source:  economictimes.indiatimes.com
Jun 27, 2025 News Image Horticulture crop output rises by 3.66% to 3,677 lakh tonnes in 2024-25: Govt.
India's horticulture crop production is estimated to have increased 3.66 per cent in 2024-25 to 3,677.24 lakh tonnes due to higher output of fruits and vegetables. In 2023-24, the horticulture crops production stood at 3,547.44 lakh tonnes.
 Source:  thehindubusinessline.com
Jun 27, 2025 News Image UK's global trade outlook sees India as Asia's 'standout growth engine'.
As the 'standout growth engine' in Asia, India is projected to be the third largest economy in the world by 2028, and the recent Free Trade Agreement (FTA) offer British businesses a 'major advantage' over their international competitors, the UK's new trade strategy and outlook have said. The 'UK's Trade Strategy' and an accompanying 'Global Trade Outlook 2025' released by the Department for Business and Trade (DBT) on Wednesday spotlights the trade deal with India, concluded early last month, as the centrepiece of the Labour government's approach to utilising FTAs as an important tool to meet its economic growth agenda.
 Source:  economictimes.indiatimes.com
Jun 27, 2025 News Image Vietnam, India promote trade ties via international trade fairs.
The Vietnam Trade Office in India on June 25 hosted an online seminar on strengthening trade relations through international trade fairs, drawing the participation of nearly 50 Vietnamese seafood companies and 50 Indian enterprises in sectors of processed food, agricultural products, fruits, and spices.
 Source:  vietnamnet.vn
Jun 27, 2025 News Image Oman DTAA: Withholding tax rates lowered.
India and Oman have amended their double taxation avoidance agreement (DTAA), expanding the definition of permanent establishment to cover digital and service-based operations. The amendment, notified Thursday, reduced withholding tax rates on interest and royalty payments for technical services to 10% from 15%, while applying a Principal Purpose Test to prevent abuse of the treaty for tax evasion.
 Source:  economictimes.indiatimes.com
Jun 27, 2025 News Image Indian trade negotiators in US for trade talks.
Indian trade negotiators are visiting Washington for the next round of talks for an interim trade deal with the US ahead of the July 9 deadline when the 90-day reciprocal-tariff pause period ends. The two-day visit comes after American trade negotiators visited India from June 5- 11 for the talks.
 Source:  economictimes.indiatimes.com
Jun 27, 2025 News Image Very big deal coming up that would 'open up' India: US President Trump.
While addressing the 'Big Beautiful Event' at the White House on Thursday, US President Donald Trump hinted that a 'very big' deal with India was in the offing. He said, 'We are having some great deals. We have one coming up, maybe with India. Very big one, where we are going to open up India.'
 Source:  tribuneindia.com
Jun 27, 2025 News Image India to develop sea protocol to boost mango exports and reduce spoilage.
India, a major exporter of mangoes, is developing a protocol to transport the fruit by sea to overseas destinations while maintaining their quality and preventing losses due to spoilage. Sea protocol trials have been successfully carried out with bananas and pomegranates shipped from Indian ports to Rotterdam in the Netherlands and countries in the Commonwealth of Independent States, demonstrating the effectiveness of the approach, Sudhanshu, secretary of the Agricultural and Processed Food Products Export Development Authority (Apeda), toldMint on the sidelines of a conference on agri-exports.
 Source:  livemint.com
Jun 27, 2025 News Image India to remain a bright spot amid global uncertainty: World Bank's Auguste Kouame.
India is expected to remain a bright spot in the global economy despite trade and policy uncertainty, economists and experts noted at a panel discussion on Thursday. 'India has a strong domestic economy and remains a bright spot in the global economy,' said Auguste Kouame, country director for India at the World Bank.
 Source:  economictimes.indiatimes.com
Jun 27, 2025 News Image 'A developed agriculture and prosperous farmers are essential for a developed India' – Shri Shivraj Singh Chouhan.
Union Minister of Agriculture & Farmers’ Welfare and Rural Development Shri Shivraj Singh Chouhan said that under the leadership of Prime Minister Shri Narendra Modi, the country is progressing rapidly. India has now become the fourth largest economy in the world. Shri Chouhan emphasized that for a developed India, a developed agriculture sector and prosperous farmers are essential. Under the leadership of PM Modi, efforts are being made to increase agricultural production, reduce costs, compensate for crop losses, ensure fair prices for produce, and promote natural farming.
 Source:  pib.gov.in