New Delhi, Jan 21 (IANS) India and Myanmar on Wednesday fixed a target of $5 billion for bilateral trade by 2030 at a meeting of senior officials, who deliberated on a wide range of issues, including promoting the Rupee–Kyat trade settlement mechanism, and maximising the benefits of the ASEAN–India Trade in Goods Agreement (AITIGA).Bilateral trade between India and Myanmar reached $2.15 billion during 2024–25, reflecting a strong and positive growth trajectory.The meeting held at Nay Pyi T…
Latest Commerce Ministry News & Updates
New Delhi, Jan 20 (IANS) The combined Index of Eight Core Industries (ICI) increased by 3.7 per cent (year-on-year) in December 2025 as production of cement, steel, electricity, fertiliser and coal recorded positive growth last month, the government data showed on Tuesday.The final growth rate of Index of Eight Core Industries for November 2025 was observed at 2.1 per cent.The cumulative growth rate of ICI during April to December, 2025-26 is 2.6 per cent (provisional) as compared to the corresp…
New Delhi, Jan 12 (IANS) The Agricultural and Processed Food Products Export Development Authority (APEDA) on Monday said it has inaugurated a regional office in Raipur to boost agri and processed food exports from Chhattisgarh.Chhattisgarh offers significant export potential across a wide range of products, including premium non-basmati rice varieties and Geographical Indication (GI)-tagged products such as Jeeraphool Rice and Nagri Dubraj Rice.According to Commerce Ministry, the state also pro…
New Delhi, Jan 10 (IANS) India and Chile are close to finalising a social security agreement that is expected to make it easier for professionals to work across borders and encourage greater investments between the two countries, Chile’s Ambassador to India Juan Angulo has said.Formal CEPA negotiations between India and Chile began in May 2025, and several rounds have taken place since then.The fourth round of talks concluded in December 2025, and intersessional discussions are currently under…
New Delhi, Jan 4 (IANS) Exports of Ayush and herbal products have registered a growth of 6.11 per cent, increasing from $649.2 million in 2023–24 to $688.89 million in 2024–25, the government said on Sunday.Following the establishment of Ayush Export Promotion Council (AYUSHEXCIL), this growth has accelerated, reflecting enhanced global outreach and rising international demand for India’s traditional medicine and herbal products, according to Commerce Ministry.The Ayush Export Promotion Co…
New Delhi, Jan 2 (IANS) As part of the initial rollout of the Export Promotion Mission, two key interventions under the Niryat Protsahan sub-scheme have been launched to strengthen MSME exports by providing affordable and easier access to trade finance, the Commerce Ministry said on Friday.The first intervention relates to interest subvention for pre- and post-shipment export credit, aimed at reducing the cost of export credit and easing working-capital constraints faced by MSME exporters, a Com…
New Delhi, Dec 31 (IANS) India’s Commerce Ministry officials are expected to meet their Israeli counterparts in January for bilateral trade talks, according to official sources.The two sides will discuss the framework and gateway issues in pre-round negotiations next month. The terms of reference for an FTA between India and Israel were signed in November, and now the two countries will hold further negotiations to move ahead on the issue.India’s Commerce Minister Piyush Goyal and Israel’s Eco…
New Delhi, Dec 31 (IANS) To strengthen international market access for Indian exporters, the government on Wednesday launched the Market Access Support (MAS) intervention under the Export Promotion Mission (EPM), a flagship initiative approved by the Union Cabinet in November this year.The MAS intervention is being implemented under the ‘NIRYAT DISHA’ sub-scheme of EPM, and is aimed at strengthening international market access for Indian exporters, particularly MSMEs, first-time exporters an…
New Delhi, Dec 27 (IANS) A Free Trade Agreement (FTA) with India will add more employment, exports, and raise incomes, said New Zealand Prime Minister Christopher Luxon on Saturday.He said this as India and New Zealand concluded a comprehensive and long-awaited FTA, marking a major economic and strategic milestone.“We said we’d secure a Free Trade Agreement with India in our first term, and we’ve delivered,” Luxon said in a post on social media platform X.“This landmark deal means more…
New Delhi, Dec 25 (IANS) The government on Thursday said that the Kimberley Process (KP) Plenary has selected India to assume as Chairperson of the Kimberley Process from January 1, 2026.Minister of Commerce and Industry Piyush Goyal said that India’s selection reflects global trust in the Prime Minister Narendra Modi government’s commitment to promoting integrity and transparency in international trade.As Vice Chair in 2025 and Chair in 2026, India will work closely with all participants an…