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Jul 11, 2025 News Image Amid deficit underuse of Asean trade agreement to be assessed by commerce department.
The commerce department has drawn up a list of around 20 questions to be shared with exporters to gauge the underutilisation of India's trade pact with Asean countries amid the deal being reviewed due to New Delhi's high and sustained trade deficit. These questions pertain to difficulty to trace the origin of raw materials, challenges in interpretation and procedures, cost of compliance and if exporters are not using the preferential route due to low duty differentials compared to regular rates.
 Source:  economictimes.indiatimes.com
Jul 11, 2025 News Image Dairy certificate rules face fresh heat from US at WTO.
The US has again raised concerns at the World Trade Organization (WTO) at India's dairy certificate requirements terming them 'unnecessary trade barriers' for American exports. India mandates an integrated veterinary health certificate for the import of milk and milk products, confirming that it does not contain drugs, antibiotics, pesticides or heavy metal residues.
 Source:  economictimes.indiatimes.com
Jul 10, 2025 News Image 16th Agriculture leadership conclave: Argentina reaffirms commitment to agri-cooperation with India.
At the two-day Agriculture Leadership Conclave 2025, Argentina underlined the importance of its deepening ties with India and emphasised how agriculture remains a strong pillar of the bilateral relationship between the two nations. Participating in the inaugural session of the 16th Agriculture Leadership Conclave in the capital, the Argentinian ambassador to India, H.E. Mariano Caucino, reiterated the deep-rooted importance of agriculture to Argentina’s economy, identity, and international engagement, particularly its strong and growing partnership with India.
 Source:  thehansindia.com
Jul 10, 2025 News Image Kolhapur among 59 districts in India with huge export potential:Exim study.
Kolhapur is among 59 districts in India with untapped potential for exports, said Deepali Agarwal, deputy managing director, Export-Import (Exim) Bank, citing a study by the bank. She was speaking at a programme organised by Shiroli Manufacturers Association in Kolhapur.Agarwal said that Exim Bank data showed that major exported products from Kolhapur in 2024-25 were textiles, machine gears, auto components, jewelry, refined sugar, rice, and casting. 'According to a study undertaken by Exim Bank, less than 2% of the districts in India contribute to around 40% of India's exports, and hence there remains significant scope of tapping the ‘missing middle export districts. 'The study identified 'missing middle export districts' whose exports are between US$ 1 billion and US$ 5 billion. In fact, there are around 59 districts in India out of 750 plus districts that fall under the bracket of ‘missing middle export districts', one of them being Kolhapur,' said Agarwal.Kolhapur, one of the agriculturally advanced districts in Maharashtra, is today a front runner in manufacturing engineering products, refined sugar, and textiles.
 Source:  timesofindia.indiatimes.com
Jul 10, 2025 News Image India targets $100B agri-exports by 2030.
India, despite its position as a top producer of various crops, encounters barriers in capitalizing on the global market for high-demand convenience foods and premium tropical fruits. The nation's agricultural exports have consistently generated approximately $50 billion annually over the last three fiscal years, predominantly driven by staple crops like rice and sugar. This focus highlights a need for diversification in the export portfolio, potentially enabling India to meet its 2030 government-set export targets and tap into the latent potential of high-value fresh produce.
 Source:  freshplaza.com
Jul 10, 2025 News Image India-US trade pact: ‘Deal with India close,’ says Trump; slaps 25–40% reciprocal tariffs on 14 nations largely ASEAN.
US President Donald Trump on Monday said the United States is 'close to signing a trade deal' with India, after announcing new reciprocal tariffs on 14 countries — including Bangladesh, Malaysia, Japan, Cambodia and South Korea — setting rates at 25 to 40 per cent, and warning that rerouting foreign goods or retaliating would attract even higher US tariffs. This comes as Indian negotiators are understood to have offered substantial market access to US products in most sectors, excluding sensitive areas such as dairy and agriculture. The US, in turn, is expected to offer lower tariffs on labour-intensive sectors such as textiles and footwear.
 Source:  indianexpress.com
Jul 10, 2025 News Image UPI to Ayurveda, PM Modi’s Ghana visit will unlock new trade frontiers for India.
Prime Minister Narendra Modi arrived in Accra, the capital of Ghana, on 2 July 2025. His first foray on Ghanaian soil served to nourish the longstanding friendly ties between India and Ghana. The official visit, lasting two days, is the first by an Indian Prime Minister in 30 years. The last and only other prime ministerial visit to Ghana was by former PM PV Narasimha Rao from 8–9 November 1995.
 Source:  theprint.in
Jul 10, 2025 News Image India must deepen ties with Asean nations, not abandon its trade agreement.
Indian industry, like its counterpart anywhere in the world and at any time in history, would be happy to prosper in a more protected market. This is why the voices from within industry calling on the government to abandon India’s free-trade agreement with the Association of Southeast Asian Nations (Asean) are so loud and persistent. The government, which is currently in the process of reviewing the agreement that came into force in 2010, should ignore these self-serving pleas.
 Source:  business-standard.com
Jul 10, 2025 News Image Brazil’s Lula Hosts Modi in Bid to Turn India Into a Major Trade Partner.
Brazilian President Luiz Inacio Lula da Silva wants to deepen trade ties with India, the world’s most populous nation. The question as he hosts Indian Prime Minister Narendra Modi in Brasilia on Tuesday is how to go about it.
 Source:  bloomberg.com
Jul 10, 2025 News Image India Expanding Global Footprint with New Agri Exports like Jamun, Litchi, Pineapple: Shri Piyush Goyal.
Union Minister of Commerce and Industry Shri Piyush Goyal, while addressing the ICC: Krishi Vikram Thematic Session in New Delhi today, said that India’s agriculture and fisheries exports have now reached Rs.4.5 lakh crore. He added that agricultural exports have the potential to grow to Rs.20 lakh crore, provided the country strengthens food processing and improves the quality of branding and packaging. Shri Goyal shared that India’s agricultural export basket is expanding with new items such as litchi, pineapple, bottle gourd, and jamun—products which were not traditionally exported—now reaching international markets. He mentioned that jamun was recently exported to the UK, and litchis from Punjab were exported to Doha and Dubai. He added that India’s footprint in global markets such as the UAE, Saudi Arabia, and other Gulf nations is steadily growing.
 Source:  pib.gov.in