India’s bilateral trade with the Association of Southeast Asian Nations (ASEAN) grew by 5.2% to reach $73 billion during the April-October period of this fiscal year, the government informed on Saturday.

 

India's economic outlook for the coming months is 'cautiously optimistic', with agriculture likely to benefit from favourable monsoon conditions, increased minimum support prices and adequate supply of inputs, the finance ministry said in a report.

 

Foreign minister S Jaishankar on Monday said while conflicts in the Middle East are creating hurdles for the IMEEC (India-Middle East-Europe Economic Corridor), the ambitious project is progressing on the eastern side, especially between India, the UAE and Saudi Arabia.

 

Secretary, Department of Commerce, Ministry of Commerce & Industry, Shri Sunil Barthwal, accompanied by senior officials, visited Norway on 22nd November 2024. The visit was aimed at furthering the objectives of Trade and Economic Partnership Agreement (TEPA) and unlocking the large market in EFTA countries for Indian exports of goods & services and push for early implementation of $100 bn investment. TEPA was signed in March 2024.

 

The 6th ASEAN-India Trade in Goods Agreement (AITIGA) Joint Committee and related meetings for discussions on the review of the AITIGA were held from 15-22 November 2024 in Vanijya Bhawan, New Delhi. The AITIGA Joint Committee met for 2 days from 21-22 November 2024 and the meeting was co-chaired by Additional Secretary, Department of Commerce, India, Shri Rajesh Agrawal, and Deputy Secretary General (Trade), Ministry of Investment, Trade & Industry, Malaysia, Ms. Mastura Ahmad Mustafa,. The leads and delegates from all 10 ASEAN countries viz. Brunei, Cambodia, Indonesia, Lao PDR, Malaysia, Myanmar, Philippines, Singapore, Thailand & VietNam participated in the meeting.

 

Dhaka-based Hydro Land Solution imported the eggs yesterday (21 November) with only Tk0.76 import duty per egg, the land port's Deputy Director Mamun Kabir Tarafdar told The Business Standard today (22 November).

 

Notwithstanding the turbulence in the Middle East following war, Andhra Pradesh govt is hopeful of reaping rich dividends from banana exports during the current season.

 

The Free Trade Agreement negotiations with India -- expected to significantly boost the estimated GBP 42-billion a year bilateral trade partnership -- will be relaunched early in the new year, Prime Minister Keir Starmer has informed the UK Parliament here. It came during his statement to update the House of Commons on Thursday about his G20 Summit visit to Brazil, where he said he had a 'good discussion' with Prime Minister Narendra Modi among other world leaders.

 

Domestic import of peas has been emphasized with a view to keeping the prices of pulses under control. Accordingly, it is claimed that around 12.54 lakh tonnes of imports were made in India during the period from April to October. It is said that it will affect the price of Turi and other sub-category agricultural commodities.

 

Telangana's rice is gaining demand not only from states like West Bengal, Bihar, Tamil Nadu, and Kerala but also from countries such as Malaysia, the Philippines, and several others across Asia.