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Apr 17, 2025 News Image Global trade to shrink in 2025 due to US tariff war: WTO.
The World Trade Organization (WTO) Wednesday slashed its forecast for merchandise trade for 2025 and said it expects the volume of world merchandise trade to decline 0.2% in 2025- almost three percentage points lower than it would have been without the US-led trade war.
 Source:  economictimes.indiatimes.com
Apr 17, 2025 News Image India and Italy are keen on forging strategic partnerships in Agriculture, Technology and Healthcare.
India and Italy are deepening their bilateral relationship, leveraging shared democratic values and complementary economic strengths to unlock opportunities in agriculture, technology, and healthcare. Elevated to a Strategic Partnership in March 2023, the two nations are now guided by the ambitious Joint Strategic Action Plan 2025-29, launched by Prime Ministers Narendra Modi and Giorgia Meloni in November 2024. This roadmap, coupled with high-level engagements and a bilateral trade volume exceeding $14 billion, signals a new era of collaboration aimed at fostering innovation, economic growth, and mutual prosperity.
 Source:  bbntimes.com
Apr 16, 2025 News Image India Eyes Stronger Western Trade Ties Amid Shifting U.S. Policy, Says Jaishankar.
India’s External Affairs Minister S. Jaishankar said the global economic landscape is shifting, and India is moving swiftly to deepen its trade relationships with open-market Western economies, following years of policy uncertainty sparked by tariffs and global protectionism. Speaking at the Carnegie Global Technology Summit 2025 in New Delhi, Jaishankar emphasized that former U.S. President Donald Trump’s trade tariffs — including a 26% levy on Indian goods — forced India to reassess its openness to the global economy and rethink its long-term trade strategy.
 Source:  diyatvusa.com
Apr 16, 2025 News Image Organic exports from India surges 35% to $666 m in FY25.
The government on Tuesday said India’s export of organic products jumped 35 per cent to $665.96 million (about ₹5,710 crore) during the 2024-25 fiscal from $494.80 million in the previous year due to a surge mainly in shipments of cereals, tea, spices, medicinal plants, oilseeds and processed foods. In volume terms, the growth was 41 per cent at 0.37 million tonnes (mt) from 0.26 mt.
 Source:  thehindubusinessline.com
Apr 16, 2025 News Image The cumulative exports (merchandise & services) during FY 2024-25 (April-March) is estimated to grow by 5.50% at US$ 820.93 Billion, as compared to US$ 778.13 Billion in FY 2023-24 (April-March).
India’s total exports (Merchandise and Services combined) for March 2025* is estimated at US$ 73.61 Billion, registering a positive growth of 2.65 percent vis-à-vis March 2024. Total imports (Merchandise and Services combined) for March 2025* is estimated at US$ 77.23 Billion, registering a positive growth of 4.90 percent vis-à-vis March 2024.
 Source:  pib.gov.in
Apr 16, 2025 News Image Mozambique hit a new record for rice imports in 2024.
Record rice imports last year underscore a growing reliance on foreign countries to cover basic food needs in Mozambique. Data from the annual statistical report by the Bank of Mozambique (BdM) – cited by local news website Dossiers & Factos – shows that the country spent US$441 million on rice imports in 2024, an increase of 38.8 percent over 2023, when it imported US$317.7 million worth. The sharp rise is a combination of increasing domestic consumption and decreasing production as Mozambique’s agriculture sector struggles against structural and climatic factors.
 Source:  macaonews.org
Apr 16, 2025 News Image Deputy PM Tajani's visit marks 'important milestone' in Italy-India ties; tech, innovation came in focus.
The recent visit of Italian Deputy Prime Minister Antonio Tajani to India marked an 'important milestone' in Italy-India ties, bolstering bilateral cooperation in a range of areas including trade and investment, science and technology, and innovation. The Italian Embassy in New Delhi in a statement shared some of the high points of the visit from April 11-12, including the signing of a raft of agreements and Tajani's meeting with Indian leaders during which he expressed commitment to work towards strengthening and expanding the foundations of the strategic partnership between the two countries.
 Source:  deccanherald.com
Apr 16, 2025 News Image Exports hit record $820 bn amid global challenges in FY25.
Defying global headwinds and World Trade Organisation’s bleak projections, India’s exports surged to a record $820.93 billion in FY25, marking a 5.5% increase over the previous year’s $778.13 billion, the Ministry of Commerce announced on Monday. Merchandise exports edged up marginally to $437.42 billion from $437.07 billion in FY24. Merchandise imports rose 6% to $720 billion during the year. Non-petroleum exports stood out, rising by 6% to reach an all-time high of $374.08 billion, compared to $352.92 billion last year.
 Source:  newindianexpress.com
Apr 16, 2025 News Image Japan: Finance Ministry calls for increasing tariff-free rice imports.
The Finance Ministry proposed Tuesday that the government expand the minimum access system under which the country imports about 770,000 tons of rice per year at zero tariffs. The ministry made the proposal at a meeting of a subcommittee of the Fiscal System Council, which advises the finance minister, at a time when domestic rice prices are historically high.
 Source:  japantimes.co.jp
Apr 16, 2025 News Image Bangladesh: Ship carrying rice from India reaches Ctg Port.
A ship carrying a total of 10,000 metric tons of imported rice from India has arrived at Chattogram Port. The MV PHU THANH, transporting the rice under an international open tender, docked at the port, said a press release issued by the PID today. Necessary measures have been taken to ensure the quick unloading of the rice.
 Source:  bssnews.net