Skip to content
Search

Latest Stories

In a first, India allows imports of US pork

In a first, India allows imports of US pork

THE US has announced that India would allow imports of US pork and pork products for the first time, welcoming the removal of an old block on US farm trade.

US agriculture secretary Tom Vilsack and trade representative Katherine Tai made the announcement on Monday (10).

"This new opportunity marks the culmination of nearly two decades of work to gain market access for US pork in India - and it signals positive movement in US-India trade relations," Vilsack said.

At the Trade Policy Forum between the US and India held in New Delhi in November 2021, Tai had spoken about the importance of access to the Indian market for American pork.

"We will continue working with the Indian government to ensure that the US pork industry can begin shipping its high-quality products to consumers as soon as possible," she said.

In 2020, the US was the world's third-largest pork producer and the world's second-largest exporter, with global sales of pork and pork products valued at $7.7 billion (£5.66 bn), according to US Trade Representative data.

Last year, the US exported more than $1.6 bn (£1.18 bn) worth of agricultural products to India.

India had last week said mango and pomegranate exports to the US would start from January-February.

Exports of pomegranate aril to the US and imports of Alfalfa hay and cherries from America would also begin from April this year, the Indian commerce ministry stated on Saturday (8).

(AFP & PTI)

More For You

Deliveroo posts first annual profit after 12 years

A Deliveroo rider near Victoria station in London, England. (Photo by Dan Kitwood/Getty Images)

Deliveroo posts first annual profit after 12 years

FOOD DELIVERY app Deliveroo announced on Thursday (13) its first annual profit as orders and revenue rose, while the 12-year old company sees further growth despite exiting Hong Kong.

The milestone follows sizeable full-year losses owing to high investment costs since American Will Shu founded the company in 2013 and made Deliveroo's first delivery in London.

Keep ReadingShow less
JLR-Tata-Getty

JLR had initially planned to manufacture more than 70,000 electric vehicles at the facility. (Photo: Getty Images)

JLR halts plan to build EVs at Tata’s India plant: Report

JAGUAR LAND ROVER (JLR) has put on hold plans to manufacture electric vehicles at Tata Motors’ upcoming £775 million factory in southern India, according to a news report.

The decision was influenced by challenges in balancing price and quality for locally sourced EV components, three of the sources said. They added that slowing demand for electric vehicles was also a factor.

Keep ReadingShow less
Government to abolish payments regulator to boost growth

Keir Starmer (R) and Rachel Reeves host an investment roundtable discussion with members of the BlackRock executive board at 10 Downing Street on November 21, 2024 in London, England. (Photo by Frank Augstein - WPA Pool/Getty Images)

Government to abolish payments regulator to boost growth

PAYMENTS REGULATOR will be abolished and its remit absorbed by another financial regulator, the government said on Tuesday (11), as it aims to cut red tape in favour of growth.

The Payment Systems Regulator (PSR), which oversees systems including MasterCard and bank transfers, tackles problems such as fraud, excessive fees and lack of competition among banks and payment providers.

Keep ReadingShow less
Boohoo

Boohoo’s shares, which have fallen by about 20 per cent this year, dropped 4 per cent on Tuesday. (Photo: Getty Images)

Boohoo rebrands as Debenhams after 21 per cent sales drop

BOOHOO has rebranded itself as Debenhams Group after sales from its young fashion brands, including Boohoo, MAN, and PrettyLittleThing, declined by 21 per cent to £947 million.

The move comes amid strong competition from Shein and a shift towards second-hand clothing among younger shoppers, The Guardian reported.

Keep ReadingShow less