Philippines exports to EU increases 56.2%
The Dollar Business Bureau The EU was the largest destination of exports for Philippines in March this year. The latest statistics by Philippine Statistics Authority (PSA) revealed that exports to European Union member countries, with 16.2% share to total merchandise exports amounted to $901.24 million. It rose by 56.2% from $577.04 million recorded in March 2016. What was even more interesting was that the export numbers of Philippines to EU for that month overtook those of US which was $809.93 million and Japan $762.43 million. Several factors contributed to the increase in trade numbers. A strong EU economy and its rising demand saw an increase of 1.9%, a rise in the agri-food sector exports backed by the EU’s Generalised Scheme of Preferences (GSP) that allows ...
EU may soon allow vegetable imports from India
The Dollar Business Bureau After the European Union lifted the ban on Indian mango last year, it has indicated that it may also allow imports of bitter gourd, brinjal, colocasia and snake gourd from the country. However, these exports consignments will undergo strict checks and supervision to ensure they are peat-free. The Indian government has taken a wide gamut of measures, such as registering farmers to make them traceable and implementing standard operating procedures for pack houses to ensure the shipped products meet the international standards. The European Union (EU) has, however, said it will lift a complete ban on these vegetables only after assessing their quality. The EU had banned imports of Indian mango a few years ago, over quality issue. The EU ...
Changes in import duty of veg oils
Dated 24th December, 2014 | Notification no. 34 /2014-Customs | G.S.R. (E). - In exercise of the powers conferred by sub-section (1) of section 25 of the Customs Act, 1962 (52 of 1962), the Central Government, being satisfied that it is necessary in the public interest so to do, hereby makes the following further amendments in the notification of the Government of India in the Ministry of Finance (Department of Revenue), No. 12/2012- Customs, dated the 17th March, 2012 which was published in the Gazette of India, Extraordinary, vide G.S.R. 185(E), dated the 17th March, 2012, namely:- In the said notification, in the Table,- (i) against S.No.51, for the entries occurring in column (4) against clauses (A), (B) and (C) ...
Lack of storage, poor transport facilities plague Indias food exports
Sachin Manawaria | @TheDollarBiz Most of the perishable food produce in India is transported through non-reefer mode India’s exports of fruits and vegetables have grown in the last three years due to surging demand in Pakistan, Kuwait, Bangladesh, and Sri Lanka. Overall, India’s exports of fruits and vegetables increased to around $1.4 billion in FY2013-14, which is up about 36% from the previous year, according to the Agricultural and Processed Food Products Export Development Authority (APEDA). However, exports could get a significant boost with improvement in storage and transport facilities, say experts. India annually suffers around Rs.550 billion as wastage of fruits and vegetables due to inadequate cold storage, supply chain infrastructure and lack of food processing in agri-sector, according ...
Indias organic agri exports on upswing
Sachin Manawaria | @TheDollarBiz Growing demand for organic products globally and increasing popularity of Indian organic products is helping increase both production within the country and exports of organic products from India. According to the Agriculture and Processed Food Products Export Development Authority (APEDA), India exported 135 organic products in FY2012-13 with a realization of $374 million which is up around 4.38% from the previous year. Soyabean makes for the bulk, accounting for around 41% of India’s organic exports, while sugarcane (26%) and processed food (14%) are other major organic exports from India. India also exports organic basmati rice and tea. Source - APEDA India currently ranks tenth among countries in terms of land cultivable under organic condition, but the organic ...