Hadi Talebian Moghadam, the Director General of the Indian Subcontinent (South Asia) Department at the Trade Promotion Organization of Iran (TPOI) said that during last year of 1402 in the Iranian calendar (March 21, 2023-2024), Iran and India trade balance was positive, adding that the necessary planning for openning a new trade center in Mumbai and deploying a trade attaché there this year has been made.

In a significant stride towards bolstering economic relations between India and the growing relations with Vietnam, the Trade Commissioner of India ASEAN Trade Council of Telangana Hon. Pabbati Ravi Kumar region played a pivotal role at the India Vietnam Meeting 2024 held in the Highlands region of Dak Lak Province in Vietnam in collaboration with the Government of India under the Consulate General of Ho Chi Minh City in Vietnam.

There has been good market access offered on both sides but not enough to secure a free trade agreement (FTA), the UK government has said as Indian negotiators are in London this week to continue discussions with their British counterparts.

Russia has warned Pakistan that it would ban rice imports again if Moscow's phytosanitary concerns are not addressed in future consignments after a quarantine organism was detected in the rice consignment. The warning came after Russia's Federal Service for Veterinary and Phytosanitary Surveillance (FSVPS) issued a notification regarding violations of international and Russian phytosanitary requirements over a shipment of rice imported from Pakistan.

SEVEN YEARS after China got a regional centre of Peru-based International Potato Center (CIP), the premier research-for-development organisation with focus on potato and sweetpotato, India is set to get a similar centre. The CIP-South Asia Regional Centre (CIP-SARC) is expected to come up in Agra.

India is gearing up to challenge Pakistan's attempts to broaden the geographical indication (GI) tag for its Basmati rice. The extension of the GI tag for the premium variety of rice, from 14 to 48 districts in Pakistan, could have significant implications on India's export prospects to the European Union (EU).

Global wheat flour trade is projected to reach its highest level in five years, according to the International Grains Council (IGC), which revised its forecast 600,000 tonnes higher for the 2023-24 marketing year in its latest Grain Market Report.

China, Russia, Iraq, UAE, Singapore are among countries where India’s exports in the just-concluded financial year have risen substantially, though with a low base.

After receiving representations from food businesses, the FSSAI has decided to create Food Product category for 'Edible Dried Fruits/ Vegetable Seeds' for the purpose of licensing through FoSCoS.