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Jun 24, 2025 News Image Asean not keen to review trade pact: Government.
Commerce and industry minister Piyush Goyal on Tuesday said little headway was made in the review of 15-year-old free trade agreement (FTA) with Asean, despite nine rounds of negotiations since 2022.The minister's statement came days after controversy erupted over his comments on some of the Asean countries being a B-team of China. While the assertion was not taken favourably by some of the countries.
 Source:  timesofindia.indiatimes.com
Jun 24, 2025 News Image India–US trade deal hits rough patch days before 26% tariff deadline.
India's proposed trade deal with the US has run into rough weather with Indian authorities resisting the insistence of their counterparts to allow lower-duty import of American agricultural products such as maize and soybean, fearing adverse impact on farmers and health concerns related to genetically modified food, according to ToI.
 Source:  economictimes.indiatimes.com
Jun 24, 2025 News Image Telangana custard apple seeks GI tag.
The famed Balanagar custard apple now seeks a Geographical Indication (GI) registration to protect its unique identity. Three farmer-based organisations – Pomal Farmer Producer Company Limited, Farmer Producer Company Limited and The Primary Agricultural Cooperative Society – have applied for the GI tag with funding support from the National Bank for Agriculture and Rural Development (NABARD).
 Source:  thehindubusinessline.com
Jun 24, 2025 News Image Basmati rice exports to Iran will likely equal last year’s level.
India’s Basmati rice exports to Iran may be near last year’s level of 0.86 million tonnes (mt). This is because shipments are normally sold at a $100/tonne discount in addition to Iran’s demand-production mismatch, experts said.
 Source:  thehindubusinessline.com
Jun 24, 2025 News Image ASEAN stonewalling FTA review, 9 rounds done: Official.
The 10-member ASEAN has stonewalled the review of its free trade pact with India, a critical demand of New Delhi as it seeks to balance its trade with the bloc. The ASEAN-India Trade in Goods Agreement (AITIGA), came into effect in 2010, is currently under review. India has been demanding a review of the pact to eliminate barriers and its misuse. The review is aimed to be completed this year.
 Source:  economictimes.indiatimes.com
Jun 24, 2025 News Image Govt holds extensive consultations on FTAs to protect public, industry interests: Piyush Goyal.
Commerce and industry minister Piyush Goyal Monday said the government holds extensive stakeholder consultations on the free trade agreements (FTAs) and is pursuing these pacts while keeping in mind the interests of the domestic industry. He said that India is keeping in mind both the offensive and defensive interests of industry while negotiating these agreements.
 Source:  economictimes.indiatimes.com
Jun 24, 2025 News Image Protecting Indian interests to be supreme in India-US BTA talks: Officials.
India will stand firm on its stance in the proposed Bilateral Trade Agreement (BTA) negotiations with the US as its interests are supreme, an official said. Indian trade negotiators are set to travel to Washington soon to take the talks forward for an interim trade deal ahead of the July 9 deadline when the 90-day reciprocal-tariff pause period of the US ends.
 Source:  economictimes.indiatimes.com
Jun 24, 2025 News Image Kharif paddy sowing up 58 per cent to 13.22 lakh hectare till June 20: Government.
Paddy sowing so far this Kharif season is higher by 58 per cent at 13.22 lakh hectares, according to the government data. Sowing of paddy stood at 8.37 lakh hectares in the same period last year.
 Source:  economictimes.indiatimes.com
Jun 23, 2025 News Image TN moves to secure GI tags for five indigenous farm products.
In a major initiative to protect and promote the state’s indigenous agricultural wealth, the Tamil Nadu State Agricultural Marketing Board (TNSAMB) has moved to obtain Geographical Indication (GI) tags for five native farm products. The move, announced in the state’s Agriculture Budget 2025-26, is aimed at enhancing the market value of these traditional crops and improving the livelihoods of farmers engaged in their cultivation.
 Source:  theshillongtimes.com
Jun 23, 2025 News Image BRICS summit in Rio: Bloc may push trade in local currencies, countries differ on common currency; India says discussions still at 'early stage'.
Ahead of the BRICS summit in Rio de Janeiro, member nations are set to intensify trade settlements in their own currencies, although a unified BRICS currency isn't imminent. Diplomats emphasized that BRICS aims for mutual respect and non-interference, not as an anti-West coalition. Discussions on a common currency are preliminary, with focus on national currency trade.
 Source:  timesofindia.indiatimes.com