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WTO, WCO chiefs pledge joint efforts to facilitate trade in essential goods

WTO, WCO chiefs pledge joint efforts to facilitate trade in essential goods New Delhi, Apr 6 (PTI) The chiefs of the two multi-lateral bodies – WTO and WCO – on Monday pledged to work together to facilitate trade in essential goods such as medical supplies, food and energy in order to deal with the COVID-19 pandemic. World Trade Organisation (WTO) Dirctor general Roberto Azevedo and World Customs Organisation (WCO) Secretary General Kunio Mikuriya in a joint statement said the two…

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Indian PM, US President discuss pandemic & impact on economy

Indian PM, US President discuss pandemic & impact on economy NEW DELHI: PM Narendra Modi had a telephonic conversation on Saturday with Donald Trump, President of United States of America. The two leaders exchanged views on the ongoing COVID-19 pandemic and its impact on the global well-being and economy. The Prime Minister conveyed deep condolences for the loss of lives in the United States, and his prayers for early recovery of those still suffering from the disease. Stressing the special…

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India, China could explore measures to boost trade hit by Covid-19

India, China could explore measures to boost trade hit by Covid-19 NEW DELHI : India and China are expected to discuss steps and explore measuresof boosting bilateral trade which has been significantly impacted by the coronavirus outbreak. China is a major market for Indian products including seafood, petrochemicals, gems and jewellery, but India’s export of these products to its neighbor has been impacted by the virus outbreak. According to Chinese official data, trade between the two countries in January and…

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Huge demand for food products in global markets due to COVID-19 outbreak, India can tap it: TPCI

Huge demand for food products in global markets due to COVID-19 outbreak, India can tap it: TPCI The Trade Promotion Council of India (TPCI) on Monday said there is an above 100 per cent spike in demand in essential commodities such as rice, wheat and pulses. Others food categories like- confectioneries, sweets, organic processed food and spices have also witnessed 15-20% rise this month, the council said. As per TPCI Chairman Mohit Singla, the major destinations where Indian food sector…

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Govt allows pharma formulations exports under export-linked scheme

Govt allows pharma formulations exports under export-linked scheme NEW DELHI: The government on Friday allowed the exports of 13 formulations including those made of Vitamin B6, B12 and B1 under advance licenses issued on or before March 3. It also permitted exports of the restricted 13 active pharmaceutical ingredients (API) and 13 formulations is allowed from units in special economic zones (SEZ). The Directorate General of Foreign Trade (DGFT) had restricted the exports of 26 active pharmaceutical ingredients (API) and…

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Sugar exports from India will again pick up soon, says ISMA

Sugar exports from India will again pick up soon, says ISMA Pune: Industry body Indian Sugar Mills Association (ISMA) has said that despite COVID-19 impacting global sugar prices, increased demand for Indian sugar from Indonesia will help the sugar exports to pick up again. In a release issued today, ISMA said, “As per reports available, sugar mills have dispatched almost 30 lac tons of sugar from their factories for export against MAEQ of 60 lac tons till 15.3.2020. As per…

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Covid-19 scare shoots up demand for India’s raw turmeric

Covid-19 scare shoots up demand for India’s raw turmeric PUNE: Turmeric sales to Europe and West Asia have shot up because its medicinal properties are getting renewed attention at the time when the coronavirus is spreading rapidly, traders said. Concerns over the virus have also boosted domestic sales of fruits and vegetables, while the poultry industry is struggling to sell chicken even after a steep fall in prices. Raw turmeric is often used with hot milk, which is believed to…

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Ships in Corona virus affected countries banned until 31 March, not allowed to arrive at Indian ports

Ships in Corona virus affected countries banned until 31 March, not allowed to arrive at Indian ports In view of the increasing threat of Corona virus, the Indian government has started taking tough measures. The government said that international passenger ships to Corona virus-affected countries would not be allowed to arrive at Indian ports until 31 March. At the same time, the captain of the ship will have to hand over the documents to the port by a passenger or any member…

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