Articles Tagged with ''India''

President Joe Biden announced Monday from Tokyo the official launch of his Indo-Pacific Economic Framework, or IPEF, that will so far include Australia, Brunei, India, Indonesia, Japan, South Korea, Malaysia, New Zealand, Philippines, Singapore, Thailand, and Vietnam.

An agreement to ban food export restrictions could be in reach for the World Trade Organization after years of failing to produce a major achievement.

India on Saturday banned wheat exports in efforts to protect its domestic supply and that’s drawn the criticism of the U.S. and its fellow G7 member countries, says U.S. Agriculture Secretary Tom Vilsack.

The Biden administration has all but ruled out tariff-slashing market access deals when it comes to its proposed Indo-Pacific Economic Framework, but the U.S. ag sector still hopes the agreement will include a trade pillar that boosts exports to rapidly growing markets that are home to a patchwork of regulatory restrictions and non-tariff trade barriers.

India’s subsidized wheat and rice stockpiling has made the country’s government a foe of U.S. wheat and rice farmers, but now the country’s prime minister is trying to use the farming crisis in Ukraine to justify its efforts to prop up domestic farmers by saying it could come to the rescue of grain-deprived countries.

Eighty-seven House members have signed a letter urging the Biden administration to focus on improving agriculture trade as it builds foreign relationships under the Indo-Pacific Economic Framework.

American Soybean Association delegates representing states throughout the U.S. voted Saturday to ratify a proposal supporting the U.S. negotiation of a free trade agreement with India and other countries in South Asia to take advantage of rising demand there.

USDA increased its forecast for global wheat stocks despite the war in Ukraine but also cautioned that the Russian invasion had “significantly increased the uncertainty” of agricultural supplies and demand around the world.

India is ready to allow imports of U.S. pork, removing a long-running trade irritant between the two countries, U.S. Trade Representative Katherine Tai and U.S. Agriculture Secretary Tom Vilsack said Monday.

Nations continued to heatedly bicker and complain even in the last days leading up to what was supposed to be the summit for reforming international agricultural trading rules, but the postponement World Trade Organization’s 12th Ministerial Conference gives WTO countries more time to lay the groundwork for consensus.