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Apr 03, 2025 News Image Third year of India-Oz trade pact: India’s exports up 4.4% in Apr-Feb.
India’s exports to Australia have increased 4.4% on-year during April-February 2024-25 due to the free trade agreement which was implemented in 2022, the government said Wednesday. 'Following the signing and implementation of the agreement, total bilateral trade reached $24 billion in FY24, marking an impressive 14% growth in India’s exports to Australia as compared to 2022-23' the commerce and industry ministry said in a statement on the pact completing its third year.
 Source:  economictimes.indiatimes.com
Apr 03, 2025 News Image Warangal’s ‘Chapata’ chilli gets GI tag.
This Ugadi, there’s some sweet news for Warangal farmerse growing hot chillis. Called Chapata chilli, or tomato chilli, this unique variety has got the Geographical Indication (GI) tag. As many as 20,000 farmers growing the niche variety are expected to benefit from this development through additional income.
 Source:  thehindubusinessline.com
Apr 03, 2025 News Image EU pushes for MFN provision in India trade talks, eyes US-style concessions.
The European Union is pressing for inclusion of a 'forward most-favoured-nation (MFN)' provision in free trade agreement (FTA) talks with India, which would require the latter to make concessions similar to those offered to the US in a proposed bilateral trade pact. The issue of MFN status figured during the last round of India-EU trade negotiations in Brussels held a fortnight ago, people familiar with the development said.
 Source:  economictimes.indiatimes.com
Apr 03, 2025 News Image India charges 100% tariff on agricultural goods, time for reciprocity: White House on eve of April 2 deadline.
The White House has said India imposes a 100% tariff on American agricultural products and the high levies charged by other countries make it 'virtually impossible' for U.S. products to be exported to those nations. President Donald Trump has repeatedly criticised the high tariffs charged by India and other countries on American goods. He plans to roll out a set of reciprocal tariffs on April 2, which he says will be 'Liberation Day' for the U.S..
 Source:  thehindu.com
Apr 03, 2025 News Image GI tag for Thovalai maalai, Kumbakonam betel leaf soon in TN.
Four months after the publication of applications in the Geographical Indications (GI) journal, the Kumbakonam vetrilai (betel leaf) and Thovalai maanikka maalai (flower garland) are poised to receive the GI tag, said P Sanjai Gandhi, an intellectual property attorney and government pleader at the Madras High Court. He confirmed that the applications, filed by him did not face any objections within the stipulated four-month period. Hence, these products are now considered registered in the GI registry.
 Source:  newindianexpress.com
Apr 03, 2025 News Image India's March palm oil imports rise but stay below normal levels, dealers say.
India's palm oil imports in March increased from the previous month but remained below normal levels for the fourth consecutive month, as its premium over rival soyoil prompted refiners to boost soyoil purchases, according to five dealers. Lower-than-normal palm oil imports by India, the world's biggest buyer of vegetable oils, could pressure Malaysian palm oil prices and support U.S. soyoil futures.
 Source:  economictimes.indiatimes.com
Apr 03, 2025 News Image India to face 'discounted' 26% tariff from US; Trump slaps 34% on China.
After weeks of anticipation, President Donald Trump unveiled a new set of tariffs on both allies and adversaries, aiming to address what he describes as unfair trade practices. The tariffs, which are set to impact countries that impose high duties on US exports, will see India facing a 26% tariff on its goods entering the US, along with significant penalties for other nations.
 Source:  economictimes.indiatimes.com
Apr 03, 2025 News Image Government steps up measures to curb illegal import of Chinese garlic.
Despite a ban on importing Chinese garlic due to the discovery of certain harmful fungi in the imported consignments, India continues to get Chinese garlic, as indicated by the latest data on seized consignments.
 Source:  thehindubusinessline.com
Apr 03, 2025 News Image APEDA Fortifies Millet Exports with Global Trade Fairs and Promotions.
The Agricultural Processed Food Products Export Development Authority (APEDA), under the Department of Commerce, has intensified efforts to promote millet exports through trade fairs, exhibitions, and global awareness campaigns. As part of the International Year of Millets 2023, APEDA collaborated with Indian embassies, government departments, and international trade bodies to organise buyer-seller meets, sampling events, millet-themed exhibitions, and branding initiatives. Millets remain a key focus in domestic and global trade fairs where APEDA participates.
 Source:  constructionworld.in
Apr 02, 2025 News Image CBIC to introduce e-processing of export, import through personal carriage by air pax from May 1.
The CBIC on Tuesday said it will introduce electronic processing of import/ export through personal carriage by air passengers from May 1 at specified airports. Nine airports at Delhi, Mumbai, Kolkata, Chennai, Kochi, Coimbatore, Bangalore, Hyderabad and Jaipur would allow personal carriage export of gems and jewellery. Seven airports Delhi, Mumbai, Kolkata, Chennai, Bangalore, Hyderabad and Jaipur would allow personal carriage import of gems and jewellery.
 Source:  economictimes.indiatimes.com