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Apr 02, 2025 News Image India a major geopolitical power, want strategic ties with it: Dutch FM.
India and the Netherlands are looking at firming up an ambitious agreement this year to facilitate cooperation in high technology areas such as semiconductors, Dutch Foreign Minister Caspar Veldkamp said on Tuesday. In a media interaction, Veldkamp said the Netherlands is also eyeing to firm up a strategic partnership with India as it is emerging as a major geopolitical power in the Indo-Pacific.
 Source:  business-standard.com
Apr 02, 2025 News Image APEDA Boosts Millet Exports with Trade Fairs, Exhibitions & Global Promotions.
Department of Commerce, through Agricultural & Processed Food Products Export Development Authority (APEDA) organized trade fairs, exhibitions and Millet Conclave for awareness, usage and export promotion of millets. Under the International Year of Millets 2023, a host of activities were conducted in close association with Indian Embassies/Missions and Government departments, which included millet themed participation in international trade fairs, sampling events, millet galleries, international buyer seller meets etc. Further, Millets are one of the key focus areas for enhanced branding and publicity in key global and domestic fairs, in which APEDA participates.
 Source:  pib.gov.in
Apr 02, 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. Such a move would imply that reduced duties would apply uniformly across all imports.
 Source:  economictimes.indiatimes.com
Apr 02, 2025 News Image India’s coffee exports surpass Govt target for 3rd year in a row.
For the third consecutive year, India’s coffee exports have exceeded government targets, driven by rising prices, global demand and growing domestic production. For FY25, India’s coffee shipments crossed $1.816 billion, registering a 46 per cent increase over previous year’s $1.286 billion. In volume terms, coffee exports were up 1.56 per cent at 3.89 lakh tonnes (lt), based on the permits issued by the Board. In fact, coffee exports have more than doubled over the past five years since 2020-21, when shipments were $735 million.
 Source:  thehindubusinessline.com
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
Apr 02, 2025 News Image India and GCC tighten trade ties.
Deepening trade ties between India and Gulf Cooperation Council ( GCC ) countries are opening more cross-investment opportunities, with a focus on energy and logistics, while reducing the potential impact of tariffs from the United States.
 Source:  theasset.com
Apr 02, 2025 News Image India exported 19.86 million tonnes rice till Mar 25 of FY25: Govt tells RS.
India has exported 198.65 lakh tonnes of rice till March 25 of the last fiscal year, surpassing the outward shipment of 163.58 lakh tonnes in the entire 2023-24 financial year. In a written reply to Rajya Sabha, Minister of State for Food and Consumer Affairs Nimuben Jayantibhai Bambhaniya said, 'The domestic production of agri-commodities. their availability and import/export is monitored closely by the government...'.
 Source:  business-standard.com
Apr 02, 2025 News Image Government lists exporters' feedback: US 2nd biggest source of curbs.
Trade restrictions imposed by the US through standards and other compliances are next only to the European Union on a platform that is being put together by the govt based on feedback from domestic industry. The commerce department, which is testing the portal, has received 24 complaints related to recent trade barriers erected by EU, followed by the US (22) and China (20), some of which have already been flagged by Indian officials during their interaction with American counterparts.
 Source:  timesofindia.indiatimes.com
Apr 02, 2025 News Image India's tariff policy aims to regulate trade, protect industries, generate revenue: Piyush Goyal.
Commerce and Industry Minister Piyush Goyal on Tuesday said the country's tariff policy aims to regulate trade, protect domestic industries, and generate revenue through taxes on imported and exported goods. In a written reply to the Lok Sabha, he said with the changing trade scenario, India is moving towards having free trade agreements wherein customs tariffs and non-tariff barriers are reduced or eliminated on substantial trade.
 Source:  economictimes.indiatimes.com
Apr 02, 2025 News Image West African parboiled rice prices fall 25% after export duty removal.
West African parboiled rice prices have fallen 25% over the past six months following India's removal of a 10% duty on exports. Platts, part of S&P Global Commodity Insights, assessed the price of PB 5% STX CFR Cotonou at $450/mt on March 31, down from $600/mt on Sept. 27.
 Source:  spglobal.com