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Jan 17, 2025 News Image Exporters project record coffee output for 2024-25 at 3.8 lakh tonnes.
Exporters are projecting a record Indian coffee of 3.8 lakh tonnes for the current 2024-25 crop year starting October for which the harvest is currently going on for both the varieties — arabica and robusta — in the key producing regions. 'We expect the crop to be around 3.8 lakh tonnes (lt) comprising 80,000 tonnes of arabicas and 3 lakh tonnes of robustas,' said Ramesh Rajah, President, Coffee Exporters Association. 'We think the robusta crop is better, while arabica is partially lower,' Rajah said.
 Source:  thehindubusinessline.com
Jan 16, 2025 News Image Rupee depreciation will boost India’s export competitiveness in US, EU: Govt sources.
The depreciation of the rupee should be considered in the context of currency trends across the globe, government sources have noted. They pointed out that the rupee has been appreciating relative to most other currencies, including those of emerging economies.
 Source:  cnbctv18.com
Jan 16, 2025 News Image India, Oman aiming to seal mega trade deal.
India and Oman are looking at sealing a broad trade and investment pact this year that will cut tariffs on each other’s goods and boost the overall trade basket in line with renewed vigour in the relations, especially in the economic sphere. The negotiations for a comprehensive economic partnership agreement (CEPA) gained new momentum after Oman’s Sultan Haitham bin Tarik travelled to India over a year back.
 Source:  tribuneindia.com
Jan 16, 2025 News Image DGFT Updates Schedule II of India’s Export Policy.
The updated 'Schedule-II (Export Policy)' aligns with the Finance Act 2024, which was notified on August 16, 2024. The revised schedule includes the current export policy for all ITC (HS) codes, along with any specific conditions that must be met. Previously, specific policy conditions were only applied to goods with restrictions or special regulations.
 Source:  india-briefing.com
Jan 16, 2025 News Image India doing FTAs only after extensive stakeholder consultations: Piyush Goyal.
Commerce and Industry Minister Piyush Goyal on Tuesday said India is finalising free trade agreements (FTAs) only after extensive consultations with all the concerned stakeholders. He said that unlike in the past, these pacts are now fair, equitable and balanced.
 Source:  economictimes.indiatimes.com
Jan 16, 2025 News Image 15th round of India-UK FTA talks to begin in February.
The negotiations on a free trade agreement (FTA) between India and the UK are expected to resume in early February, after months of pause due to the general election in the UK, a senior official said on Wednesday.
 Source:  financialexpress.com
Jan 16, 2025 News Image Ease of doing business: FSSAI says any changes in labelling regulations will be enforced from July 1 every year.
In a bid to promote ease of doing business, the Food Safety and Standards Authority of India (FSSAI) on Wednesday said that it has decided to enforce any changes or amendments in labelling regulations from July 1 every year. It said this will provide food business operators a predictable regulatory environment and also ensure greater transparency for consumers. The labelling regulations are enforced through Food Safety Standards (Labelling and Display) Regulations 2020.
 Source:  thehindubusinessline.com
Jan 16, 2025 News Image Bangladesh: Consignment of 2,450 tons of Indian rice arrives at Darshana Port.
A consignment of 2,450 tons of rice imported from India has arrived in Bangladesh via Chuadanga’s Darshana Land Port. The rice, transported by rail, arrived at the Darshana port yard around 9pm on Tuesday in 42 wagons from India’s Gede Port, authorities said, the Daily Star reported on Wednesday.
 Source:  goachronicle.com
Jan 16, 2025 News Image The cumulative exports (merchandise & services) during April-December 2024 is estimated at USD 602.64 Billion, as compared to USD 568.36 Billion in April-December 2023, an estimated growth of 6.03%.
India’s total exports (Merchandise and Services combined) for December 2024* is estimated at USD 70.67 Billion, registering a positive growth of 0.92 percent vis-à-vis December 2023. Total imports (Merchandise and Services combined) for December 2024* is estimated at USD 77.44 Billion, registering a positive growth of 6.40 percent vis-à-vis December 2023.
 Source:  pib.gov.in
Jan 16, 2025 News Image Dr. Philipp Ackermann, Ambassador of the Federal Republic of Germany, Meets Dr. Devesh Chaturvedi, Secretary, Ministry of Agriculture and Farmers Welfare.
Dr. Philipp Ackermann, Ambassador of the Federal Republic of Germany, called on Dr. Devesh Chaturvedi, Secretary, Ministry of Agriculture and Farmers Welfare (MoA&FW), at Krishi Bhawan. The meeting provided an opportunity to explore avenues for further enhancing cooperation in agriculture and allied sectors, including post-harvest technology, organic and natural farming, and agricultural mechanization.
 Source:  pib.gov.in