India
India beats Thailand as world’s largest rice exporter
India has emerged as the world’s largest rice exporter in 2012 beating its Asian counterpart Thailand with shipment of 9.75 million tonnes, according to USDA’s latest report.
India has emerged as the world’s largest rice exporter in 2012 beating its Asian counterpart Thailand with shipment of 9.75 million tonnes, according to USDA’s latest report.
Thailand was the top rice exporter with exports of 10.65 million tonnes in 2011.
However, its volume slipped to 6.5 million tonnes in 2012.“On the export side, India’s exports were raised 1.75 million tonnes to a record 9.75 million tonnes based on a record pace of shipments to date and larger supplies.
This makes India the largest rice exporter in 2012, a first for India,” the USDA report said.India is followed by Vietnam, which shipped 7 million tonnes of rice, Thailand 6.5 million tonnes, Pakistan 3.75 million tonnes and the US 3.5 million tonnes, it added.
via India topples Thailand as world’s largest rice exporter: USDA – Livemint.
Asean
Opportunities for Indian Manufacturers in ASEAN
Indian exports largely mirror those of ASEAN states, such as rice, electrical equipment, and clothing and accessories. However, there are still sectors where Indian exporters can potentially exploit market needs – wheat exports, the digital economy, and healthcare.
The economic partnership between India and the Association of Southeast Asian Nations (ASEAN) has continued to strengthen since the economic relationship began in 1992 and with the ASEAN-India Free Trade Agreement (AIFTA) coming into effect in 2009.
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Asean
India, ASEAN Agree to Review FTA Scope, Address Uneven Market Access
Chief among India’s concerns is that Indian exporters have been denied a level playing field in the Southeast Asian market. Moreover, New Delhi believes that China has taken undue advantage of the ASEAN-India FTA (AIFTA) due to weak rules of origin.
The 8th East Asia Summit (Economic Ministers’ Meeting) was held virtually on Friday, followed by the 17th ASEAN-India Economic Ministers Consultations on August 29.
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