New Delhi, Feb 25 (IANS) The European Commission announced stricter controls on imports of arachidonic acid oil from China beginning February 26, after finding that it is the source of contamination in infant formulas.Since December, major producers including Nestlé, Lactalis and Danone have recalled infant formula in 60 countries after tests detected cereulide, a toxin produced by bacterium Bacillus cereus, that can cause gastrointestinal illness, particularly in infants who are more prone to …
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New Delhi, Feb 11 (IANS) The EU-India free trade agreement (FTA) — touted as “mother of all deals” — unveils the emerging silhouette of a post-US world order amid relentless threats to territorial sovereignty, punitive tariffs and the weakening of multilateral institutions, according to a recent report in The Guardian.The trade deal announced recently by President of the European Commission Ursula von der Leyen, President of the European Council, Antonio Costa, and Prime Minister Narendra …
Washington, Feb 5 (IANS) Warning that critical mineral supply chains have become tools of political coercion, the United States (US) convened 54 countries and the European Commission to overhaul the global market for strategic minerals and rare earths.At the ministerial, the US announced the signing of 11 new bilateral critical minerals frameworks or memoranda of understanding. These include agreements with Argentina, Ecuador, Guinea, Morocco, Paraguay, Peru, the Philippines, the United Arab Emi…
Paris, Feb 3 (IANS) The Paris prosecutor’s office said on Tuesday that the French offices of social media platform X were being searched as part of an investigation. The prosecutor’s cybercrime unit is conducting the searches with the support of Europol and the cyber unit of the National Gendarmerie, it said in a post on X, adding that the action is related to an investigation opened in January 2025.The investigation was launched after a French lawmaker contacted prosecutors over concerns about …
Washington, Jan 29 (IANS) Washington reacted with unease after India and the European Union sealed a landmark free trade agreement, with influential lawmakers, top administration officials, and policy experts warning that America risks being sidelined. With this trade deal, New Delhi and Brussels will reshape global trade and strategic alignments, they feared.Senator Mark Kelly said the deal reflects growing frustration among US allies with Washington’s trade approach. “The EU has signed a t…
New Delhi, Jan 28 (IANS) The tariff turmoil unleashed by US President Donald Trump as part of his “America First” trade policy has been an important factor in speeding up the historic free trade agreement just concluded between India and the European Union, according to reports in the western media.”Concluded after nearly two decades of on-again, off-again negotiations, the pact unites two of the world’s largest markets in a free trade zone of about two billion people, roughly a quarter of glo…
Ahmedabad, Jan 27 (IANS) The signing of the Free Trade Agreement (FTA) between India and the European Union has triggered a wave of optimism among textile traders in Surat, one of India’s largest textile hubs. The agreement, finalised on Tuesday, is expected to significantly boost exports by providing Indian textile products with improved access to markets across 27 European countries. Industry representatives said the FTA would allow Surat-based traders to sell their products in Europe at mor…
New Delhi, Jan 27 (IANS) Bangladesh could fall behind peer nations and competing economies without radical reforms in tariffs and trade facilitation within five years, an economist warned, according to a new report.Bangladesh-based media house ‘The Daily Star’ cited chairman of the Policy Research Institute of Bangladesh Zaidi Sattar calling for urgent reforms as the country has not undertaken significant trade policy reforms for around 16 years.Zattar warned at an event marking International Cu…
New Delhi, Jan 27 (IANS) Prime Minister Narendra Modi on Tuesday announced the signing of a free trade agreement (FTA) between India and the European Union, stressing that the landmark partnership between two major economies will create new opportunities for businesses, consumers, and the skilled workforce.Addressing a joint press conference at Hyderabad House here with European Commission President Ursula von der Leyen, PM Modi underlined that the agreement – biggest in India’s history — r…
New Delhi, Jan 27 (IANS) European Commission President Ursula von der Leyen announced on Tuesday the successful conclusion of the India-EU free trade agreement, referring to the pact “as the mother of all deals”.“Europe and India are making history today. We have concluded the mother of all deals. We have created a free trade zone of two billion people, with both sides set to benefit,” the EC President wrote on X.“This is only the beginning. We will grow our strategic relationship to b…