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Jun 05, 2025 News Image India calls for WTO action on non-tariff barriers, ensuring strong dispute resolution mechanism.
India has called for action to curb non-tariff barriers, address trade distortions caused by non-market economies, and restore a strong dispute settlement mechanism at the WTO, Commerce and Industry Minister Piyush Goyal said on Wednesday. The minister also pitched for strengthening the current consensus-based approach at the World Trade Organisation (WTO), the special and differential treatment given to less developed countries and developing countries, and bringing back focus on issues that have already been finalised and mandated at previous ministerial meetings.
 Source:  economictimes.indiatimes.com
Jun 05, 2025 News Image Piyush Goyal meets Italian business leaders in Milan, to co-chair meeting with Italy’s Deputy PM.
India and Italy will assess the progress and identify new avenues for collaboration in high-impact areas such as the India–Middle East–Europe Economic Corridor (IMEC), the government said Wednesday. Industry 4.0, agritech, digitalization, energy transition and sustainable mobility, are the other areas where the two sides will focus. The issues will be discussed during commerce and industry minister Piyush Goyal’s two-day visit to Italy on June 4-5.
 Source:  economictimes.indiatimes.com
Jun 05, 2025 News Image US-India nearing trade deal as talks progress, commerce secretary says.
Trade negotiations between the United States and India are making progress and a deal could be finalised soon, U.S. Commerce Secretary Howard Lutnick said on Monday, as both sides push to conclude talks ahead of a July deadline. 'You should expect a deal between United States and India (in the ) not-too-distant future because I think we have found a place that really works for both countries,' Lutnick said at the annual summit of the US-India Strategic Partnership Forum in Washington.
 Source:  reuters.com
Jun 05, 2025 News Image ‘Centre aims to enhance farmers income by increasing production’.
The Central government is committed to enhance farmers’ income by increasing production across crops in agriculture and allied sectors, Raghavendra Bhatta, Deputy Director General (Animal Science) of ICAR has said. The ongoing ‘lab to land’ initiative under the Viksit Krishi Sankalp Abhiyan would significantly enhance productivity in the coming seasons. A substantial rise in output is expected across crops, animal husbandry and fisheries, he said.
 Source:  thehindubusinessline.com
Jun 05, 2025 News Image Union Agriculture Minister Shri Shivraj Singh Chouhan participates in ‘National Agro-RE Summit 2025’.
Union Minister of Agriculture and Farmers Welfare Shri Shivraj Singh Chouhan attended the National Agriculture-Renewable Energy Conference 2025 organised by the National Solar Energy Federation of India (NSEFI) in New Delhi today. On this occasion, he released the federation’s report and annual reference book on agriculture and renewable energy. The conference was organised to push for dialogue and collaboration among policymakers, experts, and farmers regarding the integration of renewable energy in the agriculture sector.
 Source:  pib.gov.in
Jun 05, 2025 News Image Amul launches milk in Spain, to expand to other parts of EU soon.
The Gujarat Co-operative Milk Marketing Federation Ltd (Amul) on Wednesday announced the launch of Amul milk in Madrid and Barcelona cities of Spain. The Gujarat-based cooperative body said it will subsequently expand to other parts of European Union including Portugal, Germany, Italy and Switzerland.
 Source:  thehindubusinessline.com
Jun 05, 2025 News Image Govt asks select States to increase inter-state trade on e-NAM platform.
The Centre is preparing to roll out e-NAM 2.0, and States may have to make some changes in their Agricultural Produce Marketing Committee (APMC) Acts. This will be a preparatory step by the Centre to ensure that more inter-State transactions happen over the e-NAM platform. Through hand holding of States, traders are being persuaded to buy though e-NAM. However, it needs many structural reforms required by both the Centre and States to show desired results, experts said.
 Source:  thehindubusinessline.com
Jun 05, 2025 News Image Indian agri sector to reach $1.4 trillion by 2035, says McKinsey report.
Highlighting that India’s $580-650 billion agriculture sector is the world’s fastest-growing —at 5 per cent annually in the past six years—a report by McKinsey said it can reach to $ 1.4 trillion by 2035. 'India’s agriculture sector is host to multiple structural advantages vis-à-vis other agriculture economies that, if leveraged to their full potential, could accelerate growth of the sector to $ 1.4 trillion by 2035 and $ 3.1 trillion by 2047,' it said in a report titled 'value creation in Indian agriculture'.
 Source:  thehindubusinessline.com
Jun 05, 2025 News Image India and Thailand eye closer trade ties.
As India and Thailand mark 78 years of diplomatic relations this year, both nations are seeking to expand cooperation in trade, investment, and tourism, aiming to tap into their longstanding historical and cultural ties.
 Source:  bangkokpost.com
Jun 05, 2025 News Image Lower duty on edible oils, nuts; target growth in spice, rice in US deal: Niti Aayog.
India should offer concessions on agricultural products from US such as edible oils and nuts where domestic supply gaps exist, and explore duty concessions to boost high-performing exports — including shrimp, fish, spices, rice, tea, coffee, and rubber — in the US market during the Bilateral Trade Agreement (BTA) negotiations, a Niti Aayog working paper has argued.
 Source:  indianexpress.com