The Indian government has agreed to cut customs duties on 82.7 per cent of its tariff lines, covering 95.3 per cent of European Free Trade Association (EFTA) exports.
India has initiated efforts to create a Free Trade Agreement (FTA) with the Maldives, Maldivian Minister Mohamed Saeed has said. Addressing a press conference in Male, Saeed, who is the Minister of Economic Development and Trade, further stated that deliberations regarding the FTA are currently underway.
A group of WTO member countries, including Brazil, Canada and the European Union, have urged India to submit timely notifications on sugar subsidies in the World Trade Organisation, an official said. The issue came up for discussion during the meeting of the WTO's agriculture committee on May 23-24 in Geneva.
Exports from Madhya Pradesh in the financial year 2023-24 edged down down 0.95 per cent to Rs 65,255 crore due to export restrictions on rice, wheat and onion to curb domestic inflation though pharmaceutical products and soya recorded double digit growth from the last year.
