Central Board of Indirect Taxes and Customs chairman Sanjay Kumar Agarwal on Thursday said India is actively pursuing negotiation for signing of mutual recognition agreements (MRAs) with customs authorities of about 30 countries. Mutual recognition agreements help ease overseas trade by avoiding dual certifications. It thus reduces compliance cost, simplifying compliance requirements by adhering to only one regulation and enhancing trade opportunities.
The Agricultural and Processed Food Products Export Development Authority (Apeda) considers cashew as one of the 25-star products and is working on branding and marketing it as a global product, says Parashram Patil, an Apeda board member.