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Commerce ministry reviewing India-US trade relations amid Trump statements.

Dec 03, 2024

The commerce ministry is reviewing various aspects of India-US trade relations focusing on implications of statements made by US President-elect Donald Trump during his election campaign and after the results, an official said.

    
Source: business-standard.com



India exports organic food products worth nearly $450 million till November 25 of FY2025.

Dec 03, 2024

India has exported organic food products worth nearly USD 450 million till November 25 of the current fiscal year, the government said on Monday. The country has exported 2,63,050 tonnes for USD 447.73 million till November 25 of the current fiscal, an official statement said.

    
Source: economictimes.indiatimes.com



Mauritius offers India a gateway for strategic cooperation with Africa.

Dec 03, 2024

Mauritius is an important gateway for India’s strategic and economic partnership with Africa. Located in the Indian Ocean, Mauritius is in a position to leverage its geographic location, robust economic policies and regional agreements to facilitate trade and investment between India and Africa in consonance with India’s Africa strategy as laid down by Prime Minister Narendra Modi.

    
Source: livemint.com



New route for INSTC gets activated for Indo-Russian trade.

Dec 03, 2024

India has used a new Transcaspian leg of the International North South Transportation Corridor or INSTC for the first time to transport goods to Russia.

    
Source: economictimes.indiatimes.com



Trade among India, Afghanistan and Iran will prosper if peace prevails: WTC Kabul chairman.

Dec 03, 2024

If peace and prosperity prevails, trade and investment among India, Afghanistan and Iran will grow four fold and it will also strengthen economic integration with the countries of the Commonwealth of Independent States (CIS), said Zabihullah Ziarmal,Chairman of the World Trade Center (WTC), Kabul.

    
Source: deccanherald.com



Sri Lanka: Cabinet Grants Approval for Private Sector to Import Rice.

Dec 03, 2024

The government has decided to grant permission for the private sector to import rice.

    
Source: newsfirst.lk



Sri Lanka raises potato import tax and lowers lowers onion levy.

Dec 03, 2024

Sri Lanka has revised its food import tax structure, significantly increasing the tax on imported potatoes to approximately $184 per ton, while reducing the tax on onions from $122 to $31 per tonne, as outlined in a gazette notice. 

    
Source: freshplaza.com



Bangladesh: Another 2.31 lakh eggs imported from India.

Dec 03, 2024

Amid the spiralling prices of eggs at local markets, another shipment of 2.31 lakh eggs entered the country from India through Benapole land on Saturday night.

    
Source: daily-sun.com



Chile pushes for lower tariffs on exports to India.

Dec 03, 2024

Frutas de Chile and the Federation of Chilean Industry (Sofofa) met with India’s ambassador to Chile, Abhilasha Joshi, last week to discuss ways to strengthen commercial ties between the two countries.

    
Source: fruitnet.com



Mumbai to host global expo of nuts and dried fruits in Feb 2025.

Dec 03, 2024

Nuts and Dry Fruits Council of India is set to host the second edition of MEWA, India from February 12 to 14, 2025 in Mumbai.
MEWA, India’s foremost B2B exhibition for nuts and dried fruits, will feature participants from over 30 countries. With 130-plus exhibitors and 6,000-plus participants last year, the event will offer the industry to foster advancements in research, innovation, production, trade, and consumption, said a press release.
    
Source: thehindubusinessline.com



Rabi crop sowing exceeds 428 lakh hectares.

Dec 03, 2024

The Department of Agriculture & Farmers’ Welfare has released progress of area coverage under Rabi crops as on 2nd December 2024.

    
Source: pib.gov.in



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