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May 01, 2025 News Image To complete London trade Bridge, Piyush Goyal set to visit UK again soon.
Commerce and industry minister Piyush Goyal may travel to London again later this week in an attempt to resolve the four-five thorny issues that still remain and announce the conclusion of negotiations for the India-UK free trade agreement (FTA), people in the know of the development said. The minister was in the UK Monday and Tuesday when an announcement on the FTA was expected.
 Source:  economictimes.indiatimes.com
May 01, 2025 News Image Indian trade deal talks moving well, much easier to negotiate with India: US Treasury Secretary Bessent.
The US is 'The US is 'very close' on a trade deal with India, US Treasury Secretary Scott Bessent said Tuesday, noting that it is much easier to negotiate with Delhi because of the high tariffs and talks with the country are 'moving well.' Bessent made these remarks at a press briefing in the White House. Earlier, on Monday, he told CNBC that India is likely to be among the first countries to finalise a bilateral trade agreement with the US to avert reciprocal tariffs.
 Source:  economictimes.indiatimes.com
May 01, 2025 News Image Commerce Min seeks exporters' views on schemes under export promotion plan.
The commerce ministry has sought views of export promotion councils (EPCs) on the different schemes which the government is framing under the export promotion mission announced in the Union Budget, an industry official said. The councils will have to submit their comments by tomorrow to the Directorate General of Foreign Trade (DGFT), the official said.
 Source:  business-standard.com
May 01, 2025 News Image Agriculture Trade Nominee Names India, EU as Focus for Exports.
Developing greater agricultural market access in India and the European Union for American farmers are key targets for the Trump administration’s nominee to lead the US Agriculture Department’s trade mission, he told senators Tuesday. Luke Lindberg said he’s excited to build on the administration’s efforts to secure a trade deal with India and expressed concern about a '$23.6 billion trade deficit' with the European Union during a Senate Agriculture Committee hearing considering his nomination as USDA’s under secretary for trade and foreign agricultural affairs.
 Source:  news.bgov.com
May 01, 2025 News Image Japan supermarket rice prices up for 16th straight week, imports seen jumping.
Japanese supermarket rice prices rose for the 16th straight week and doubled from a year ago, the agriculture ministry said on Monday, despite the government's release of the staple grain from its emergency stockpile to lower prices. In the week to April 20, prices rose 3 yen from the previous week to average 4,220 yen ($29.38) per 5 kg, the data showed.
 Source:  reuters.com
May 01, 2025 News Image FSSAI launches new digital tool for consumers to report misleading claims on labels.
The Food Safety and Standards Authority of India (FSSAI) on Wednesday said that it has has introduced a new digital utility tool that will enable consumers to directly report misleading claims made on food product labels. It said this move is aligned with its Advertisement and Claims Monitoring Committee and will strengthen ground-level vigilance. 'Consumers can now lodge complaints regarding misleading or false claims displayed on packaged food items through the Food Safety Connect mobile application or via Food Safety Compliance System. This initiative is part of FSSAI’s ongoing efforts to promote transparency, protect consumer rights and strengthen food safety regulations in the country,' it said in an official statement.
 Source:  thehindubusinessline.com
Apr 30, 2025 News Image Donald Trump says tariff talks with India going great, expects a trade deal soon.
US President Donald Trump said on Tuesday that talks with India on tariffs were going great and that according to him the two countries would reach a trade deal soon, reported Reuters. Ahead of a rally in Michigan, the President told reporters outside the White House that he also planned to visit Africa and hold talks with Australian officials during the 90-day pause on tariffs.
 Source:  hindustantimes.com
Apr 30, 2025 News Image Soaring prices, empty shelves as Japan’s rice crisis worsens.
Rice is a staple in Japanese culture and cuisine, so much so that the word for 'meal' is synonymous with 'cooked rice.' But demand for the grain is rapidly outstripping supply, causing prices to soar, and the country is now taking the rare steps of releasing rice from its emergency stockpile and turning to imports.
 Source:  washingtonpost.com
Apr 30, 2025 News Image Commerce Secretary Shri Sunil Barthwal Engages with Croatian Counterparts to Strengthen Bilateral Economic Cooperation.
Commerce Secretary, Government of India, Shri Sunil Barthwal, visited the Republic of Croatia from 22–23 April 2025, where he held bilateral discussions with Mr. Zdenko Lucić, State Secretary for Foreign Trade and Development, Ministry of Foreign and European Affairs, and Mr. Ivo Milatić, State Secretary, Ministry of Economy. The meetings focused on advancing India-Croatia trade and investment relations, promoting sectoral collaboration, and reinforcing India’s engagement with the Central European region.
 Source:  pib.gov.in
Apr 30, 2025 News Image Piyush Goyal meets business leaders in London to boost India-UK investment and trade ties.
Union Minister of Commerce and Industry Piyush Goyal's meetings in London, focused on boosting investment ties and strengthening bilateral trade between India and the United Kingdom. Goyal is on a two-day visit to London for a series of discussions aimed at deepening economic cooperation.
 Source:  economictimes.indiatimes.com