New sales scheme
Government of India has reintroduced the Open Market Sales Scheme (Domestic) starting from August 2024 for Financial Year 2024-25 for price stabilization and increasing the affordability of the rice.
In a landmark achievement, India and Taiwan have implemented the Mutual Recognition Agreement (MRA) for organic products.
In a landmark achievement, India and Taiwan have implemented the Mutual Recognition Agreement (MRA) for organic products.
This is the first bilateral agreement for organic products between the two countries signed during the 9th Working Group on Trade Meeting with Taiwan at New Delhi.
It is to be highlighted that the MRA will pave the way for the export of major Indian organic products such as Rice, Processed Food, Green/Black and Herbal Tea and Medicinal plant products to Taiwan.
Advertisement
By virtue of this agreement, agricultural products produced and handled organically in conformity with the National Programme for Organic Production (NPOP) and accompanied by an organic demonstration document (transaction certificate, etc) issued by an accredited certification body under NPOP are allowed for sale in Taiwan as organically produced including display of the “India Organic” logo.
Similarly, agricultural products produced and handled organically in conformity with the Organic Agriculture Promotion Act and accompanied by an organic demonstration document (transaction certificate etc) issued by an accredited certification body under the Taiwanese regulation are allowed for sale in India as organically produced including display of the “Taiwan Organic” logo.
The mutual recognition will ease the export of organic products by avoiding dual certifications; thus, reducing compliance cost, simplifying compliance requirement by adhering to only one regulation and enhancing trade opportunities in the organic sector.
The implementing Agencies for the MRA are Agricultural and Processed Food Products Export Development Authority (APEDA), Ministry of Commerce and Industry, India and Agriculture and Food Agency, Ministry of Agriculture (AFA), Taiwan.
Advertisement