06 May, 2024 News Image India to leverage South Africa's WTO case to push for relaxation of EU food safety standards

India plans to leverage a new case filed by South Africa challenging the strict food safety regulations imposed by the European Union (EU) on citrus fruit to also call for relaxations in standards that currently hinder a whole range of Indian food exports, two people aware of the development said.

The EU's stringent safety norms have significantly limited India's exports of chilies, tea, basmati rice, milk, poultry, bovine meat, fish, and chemicals.


 Source:  www.livemint.com
06 May, 2024 News Image India extends duty-free import of yellow peas by four months

India has extended the timeline for duty-free imports of yellow peas by four more months until October 2024, according to an official notification.

In early December, the central government allowed duty-free imports of yellow peas until March 2024, later to be extended till April and then June. It was part of New Delhi's intervention to cool the prices of the overall pulse basket.


 Source:  economictimes.indiatimes.com
06 May, 2024 News Image India has one of the most stringent standards of maximum residue limits in the world: FSSAI

Claiming some media reports to be false and malicious, the Food Safety and Standards Authority of India (FSSAI) on Sunday said that India has one of the most stringent standards of maximum residue limits (MRLs) in the world, and that these are fixed at different levels for different food commodities based on risk assessments.

MRL is the maximum amount of pesticide residue expected to remain on food products when a pesticide is used according to label directions and is not a health concern for humans, the Indian food regulator said in a press statement.


 Source:  www.livemint.com
06 May, 2024 News Image India, Ghana agree for early operationalisation of UPI on Ghana interbank payment systems
India and Ghana are working to link their payment systems - Unified Payments Interface (UPI) and Ghana Interbank Payment and Settlement Systems (GHIPSS) respectively to permit users to make instant, low-cost fund transfers on a reciprocal basis. The two countries have also delved into discussions regarding the possibilities of a Memorandum of Understanding on Digital transformation Solutions; Local Currency Settlement System and the opportunities offered by African Continental Free Trade Agreement (AfCFTA).
 
'They agreed to work expeditiously towards the operationalisation of NPCI's (National Payments Corporation of India) UPI on Ghana's GHIPSS within a period of 6 months,' the Department of Commerce said on the social media platform X (formerly twitter).

 Source:  economictimes.indiatimes.com
03 May, 2024 News Image Centre Approves Export of 2,000 Tonnes of White Onions from Gujarat.

In a move that has stirred both anticipation and controversy, the Union government has partially relaxed the indefinite ban on onion exports, greenlighting the immediate export of 2,000 tonnes of white onions. The decision announced on 25 March 2024, has brought relief to Gujarat, the leading producer and exporter of white onions in the country.


 Source:  krishijagran.com
03 May, 2024 News Image Meghalaya hosts stakeholder orientation for Phase IV of North-East India s Organic Farming Initiative.

Shillong hosted a significant event marking the orientation for Phase IV of the Mission Organic Value Chain Development for North-East Region (MOVCDNER), bringing together key stakeholders, government officials, and industry leaders to outline the roadmap for organic farming development in the Northeast. The program, which took place from May 2 to May 3, was held at MAMETI, Shillong.


 Source:  hubnetwork.in
03 May, 2024 News Image India s Trade Negotiations with East Asian Partners: Status Update.
India has developed a comprehensive and strategic approach that integrates diplomacy, economics, and culture in its involvement with East Asian countries. The Act East Policy, introduced in 2014, aims to bolster economic and strategic relations with nations in Southeast Asia and East Asia.
 

 Source:  india-briefing.com
03 May, 2024 News Image India Maldives hold talks to enhance trade cooperation.

India on Wednesday said it looked forward to strengthening bilateral economic cooperation with the Maldives as its envoy held discussions with a senior minister of the archipelagic nation.


 Source:  theweek.in
03 May, 2024 News Image India-UAE CEPA registers increase of 16 percent growth in bilateral trade.

The UAE-India Comprehensive Economic Partnership Agreement (CEPA) has emerged as a resounding success story, solidifying the two nations’ long-standing economic ties and ushering in a new era of prosperity. It has been two years since CEPA was signed and became operational. This has significantly advanced trade, with bilateral exchanges increasing from USD 72.9 billion to USD 84.5 billion, registering a year-on-year increase of 16 percent.


 Source:  financialexpress.com
03 May, 2024 News Image India and New Zealand to have deeper collaboration in Pharma, Agriculture and Food Processing Industries, among others.
A delegation led by the Commerce Secretary, Shri Sunil Barthwal held a number of constructive and outcome-oriented meetings in New Zealand from 26-27 April 2024 to work on ways to deepen the existing bilateral relations. These meetings were held with the Minister for Trade of New Zealand Hon. Todd McClay, Acting Chief Executive and Secretary of Foreign Affairs and Trade of New Zealand, Mr. Brook Barrington, the India-New Zealand Business Council (INZBC) and the 11th India - New Zealand Joint Trade Committee (JTC) Meeting.
 

 Source:  pib.gov.in