India’s total exports (Merchandise and Services combined) for June 2024* is estimated at USD 65.47 Billion, registering a positive growth of 5.40 percent vis-à-vis June 2023. Total imports (Merchandise and Services combined) for June 2024* is estimated at USD 73.47 Billion, registering a positive growth of 6.29 percent vis-à-vis June 2023.

India and the five-nation Eurasian Economic Union bloc are working to finalise broad contours and their terms of reference on a proposed free trade agreement, an official said. The five members of the Eurasian Economic Union (EEU) are Armenia, Belarus, Kazakhstan, Kyrgyzstan and Russia.

Senior officials of India and the 27-nation European Union (EU) are expected to hold the next round of talks for the proposed free trade agreement, which aims at boosting commerce and investments, in September, an official said. Joint Secretary in the Department of Commerce Darpan Jain said that the eighth round of talks was concluded on June 28.

Eyeing the use of eastern Indian ports to export its goods, a delegation from Bangladesh visited the facility in Kolkata to explore new trade opportunities that would reduce cost and time, officials said on Friday.

Despite record production and ample stocks, the Philippines is expected to import a record volume of rice in the 2024-25 marketing year, according to a report from the Foreign Agricultural Service (FAS) of the US Department of Agriculture.

The food authority has issued an order making it mandatory to use FSSAI test methods for testing of fortificants (iron, Vitamin B9 and Vitamin B12) in Fortified Rice, Fortified Rice Kernel and Vitamin-Mineral Premix for Fortified Rice Kernel.