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Apr 02, 2025 News Image India's tariff policy aims to regulate trade, protect industries, generate revenue: Piyush Goyal.
Commerce and Industry Minister Piyush Goyal on Tuesday said the country's tariff policy aims to regulate trade, protect domestic industries, and generate revenue through taxes on imported and exported goods. In a written reply to the Lok Sabha, he said with the changing trade scenario, India is moving towards having free trade agreements wherein customs tariffs and non-tariff barriers are reduced or eliminated on substantial trade.
 Source:  economictimes.indiatimes.com
Apr 02, 2025 News Image Government approves export of key commodities to Maldives for 2025-26.
India on Tuesday notified exports of specified quantities of commodities like eggs, potatoes, onions, rice, wheat flour, sugar, and dal for the Maldives in the current fiscal year. The Directorate General of Foreign Trade (DGFT) in a notification said these exports have been permitted to the Maldives under the bilateral trade agreement between the countries in 2025-26.
 Source:  business-standard.com
Apr 02, 2025 News Image India a major geopolitical power, want strategic ties with it: Dutch FM.
India and the Netherlands are looking at firming up an ambitious agreement this year to facilitate cooperation in high technology areas such as semiconductors, Dutch Foreign Minister Caspar Veldkamp said on Tuesday. In a media interaction, Veldkamp said the Netherlands is also eyeing to firm up a strategic partnership with India as it is emerging as a major geopolitical power in the Indo-Pacific.
 Source:  business-standard.com
Apr 02, 2025 News Image APEDA Boosts Millet Exports with Trade Fairs, Exhibitions & Global Promotions.
Department of Commerce, through Agricultural & Processed Food Products Export Development Authority (APEDA) organized trade fairs, exhibitions and Millet Conclave for awareness, usage and export promotion of millets. Under the International Year of Millets 2023, a host of activities were conducted in close association with Indian Embassies/Missions and Government departments, which included millet themed participation in international trade fairs, sampling events, millet galleries, international buyer seller meets etc. Further, Millets are one of the key focus areas for enhanced branding and publicity in key global and domestic fairs, in which APEDA participates.
 Source:  pib.gov.in
Apr 02, 2025 News Image EU pushes for MFN provision in India trade talks, eyes US-style concessions.
The European Union is pressing for inclusion of a 'forward most-favoured-nation (MFN)' provision in free trade agreement (FTA) talks with India, which would require the latter to make concessions similar to those offered to the US in a proposed bilateral trade pact. The issue of MFN status figured during the last round of India-EU trade negotiations in Brussels held a fortnight ago, people familiar with the development said. Such a move would imply that reduced duties would apply uniformly across all imports.
 Source:  economictimes.indiatimes.com
Apr 02, 2025 News Image Government lists exporters' feedback: US 2nd biggest source of curbs.
Trade restrictions imposed by the US through standards and other compliances are next only to the European Union on a platform that is being put together by the govt based on feedback from domestic industry. The commerce department, which is testing the portal, has received 24 complaints related to recent trade barriers erected by EU, followed by the US (22) and China (20), some of which have already been flagged by Indian officials during their interaction with American counterparts.
 Source:  timesofindia.indiatimes.com
Apr 02, 2025 News Image India and GCC tighten trade ties.
Deepening trade ties between India and Gulf Cooperation Council ( GCC ) countries are opening more cross-investment opportunities, with a focus on energy and logistics, while reducing the potential impact of tariffs from the United States.
 Source:  theasset.com
Apr 01, 2025 News Image Promotion of Natural Farming under National Mission on Natural Farming
The scheme has a total outlay of ₹2481.00 crore (in Centre: State share - 90:10 for Hilly & North Eastern States and 60:40 for all other States). The scheme guidelines were circulated on 26th December 2024 and Annual Action Plan (AAP) of 33 States/ Union Territories (UT) have been approved till date. Since the approval of the scheme, in the Financial Year 2024-25, ₹177.78 lakhs has been released to various States/UTs as per approved AAPs.
 Source:  pib.gov.in
Apr 01, 2025 News Image Nirmala Sitharaman to visit London from April 8-10; FTA talks may figure in meetings
Sitharaman is likely to hold a bilateral meeting with the UK's Chancellor of the Exchequer Rachel Reeves and other British ministers. Issues pertaining to the trade agreement and bilateral investment treaty (BIT) may also come up for discussions between the two, the official said.
 Source:  thehindubusinessline.com
Apr 01, 2025 News Image From Farm to Retail: Make in India’s push for Food Processing Excellence
Agriculture sector forms the backbone of the India’s food processing industry, India being the largest producer of fruits, vegetables, millets, tea, and food grains as well as milk and livestock globally.
 Source:  pib.gov.in