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Mar 11, 2025 News Image India readies terms of reference for bilateral trade pact with US.
India has started working on the terms of reference (ToR) for a potential bilateral trade agreement (BTA) with the US as the two sides aim to conclude the first tranche of negotiations by fall this year. The terms of reference would detail the purpose and structure of the negotiations. The commerce and industry ministry has also sought wish lists of various industries and tariff concessions they expect from Washington under the pact. 'Inputs have been sought from various stakeholders as both sides aim to increase exports,' said an official.
 Source:  economictimes.indiatimes.com
Mar 10, 2025 News Image Lower volumes, but stable season for grapes from India.
It's been a positive and stable grape season in India, says Swapnil Aware, Board member for Indian grape exporter Mersel Foods: 'The grape season commenced in December with relatively low initial volumes, accompanied by various quality-related challenges. However, as the season progressed, both the quality and the yield improved significantly.
 Source:  freshplaza.com
Mar 10, 2025 News Image Good weather results in higher production of mangoes in India.
There will be higher volumes of mangoes from India this season, says Manoj Barai, director for Indian fresh produce exporter M.K. Exports: 'We are anticipating higher production for mangoes this season, compared to last year. The yield of Indian fresh mangoes is expected to be higher due to increased farmer participation, especially for premium varieties like Alphonso, Kesar, and Badami mangoes.
 Source:  freshplaza.com
Mar 10, 2025 News Image India considers lowering import duties on American walnuts, almonds, apples, and cranberries.
India could lower or completely eliminate import levies on American walnuts, almonds, apples and cranberries as it seeks to forge deeper trade ties with the US and iron out key contentious issues with the country ahead of Donald Trump's reciprocal tariffs which are set to kick off on April 2. Officials said talks are on to offer duty concessions on American walnuts and almonds and eliminate duties on cranberries.
 Source:  economictimes.indiatimes.com
Mar 10, 2025 News Image Philippines: Agriculture industry group seeks restoration of 35% rice import tariff.
An Agriculture industry association asked the Tariff Commission to restore rice import tariffs to 35% for Southeast Asian grain, while imposing a 50% rate for all other countries of origin. Executive Order No. 62, which reduced the tariffs to 15%, has failed to reduce rice prices, as it had been designed to do, Samahang Industriya ng Agrikultura (SINAG) Chairman Rosendo O. So said in a petition filed with the Commission.
 Source:  bworldonline.com
Mar 10, 2025 News Image India rates hit lowest since June 2023, Vietnam sees demand pick up.
Rice export prices from India extended declines this week to their lowest level since June 2023 due to weak demand and abundant supplies, while Vietnam rice saw increased demand. India's 5% broken parboiled variety was quoted at $409-$415 per tonne, down from last week's $413-$420. Indian 5% broken white rice was priced at $390-$400 per ton this week.
 Source:  economictimes.indiatimes.com
Mar 10, 2025 News Image ‘Export opportunities on the rise for south Indian tea producers’.
The scope for higher export of south Indian teas is huge, said Dipak Shah, convenor of a national convention on South India Teas held in Coimbatore on March 7 and 8. Organised by the Tea Trade Association of Coimbatore, the Tea Board India, the United Planters Association of Southern India, the Federation of All India Tea Traders’ Association, and the Tea Trade Association of Cochin, the two-day event had over 250 participants.
 Source:  thehindu.com
Mar 10, 2025 News Image India lifts export ban on broken rice.
The government has lifted the export ban on broken rice to promote its shipments. The ban was imposed in September 2022. 'Export policy of broken rice has been amended from prohibited to free with immediate effect,' the Directorate General of Foreign Trade has said in a notification.
 Source:  timesofindia.indiatimes.com
Mar 10, 2025 News Image India and Nicaragua are ready for deeper engagement: MoS Margherita on advancing trade, investment.
Union Minister of State for External Affairs Pabitra Margherita on Sunday had a productive meeting with Laureano Ortega Murillo, Minister Advisor to the President of Nicaragua. The two discussed ways to strengthen India-Nicaragua cooperation in trade and investment, with both nations expressing their readiness for deeper engagement.
 Source:  tribuneindia.com
Mar 10, 2025 News Image EAM Jaishankar’s Ireland visit strengthens bilateral ties, sets stage for economic cooperation.
External affairs minister S Jaishankar concluded his official visit to Ireland and Northern Ireland, engaging in high-level discussions aimed at enhancing bilateral cooperation across multiple sectors. During his trip, he met Irish President Michael D Higgins and deputy Prime Minister and foreign minister Simon Harris, with both sides agreeing to establish a Joint Economic Commission to boost trade, investment, and technology linkages.
 Source:  timesofindia.indiatimes.com