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On June 14, 2023, India’s Ministry of Finance issued Public Notice No. 39/2023 - Customs that reduces the import duty on refined sunflower and soybean oils.

India’s food retail sector will continue its upward trajectory following a decade of market evolution and sustained growth. The increased purchasing power of Indian households, growing awareness and access to gourmet products, and consumer awareness toward international cuisines and food products have acted as primary growth catalysts in the sector.

On May 26, Japan’s Ministry of Agriculture, Forestry, and Fisheries affirmed that it would maintain the tariff-rate quota volumes for butter at 8,000 MT and non-fat dry milk (NFDM) at 750 MT for Japanese fiscal year 2023, in line with its previous announcement in January.

On June 8, 2023, the Government of India’s (GOI) Food Safety and Standards Authority of India (FSSAI) invited World Trade Organization (WTO) members to provide comments on draft amendments to the Food Safety and Standards (Alcoholic Beverages) Amendment Regulations 2023.

India’s average ethanol blending rate with petroleum for calendar year 2023 is estimated at 11.5 percent. The National Biofuels Policy of India, amended in May 2022, strengthens efforts to increase domestic ethanol output from sugarcane and multi-feed stocks by expediting pace toward blending goals.

On May 26, 2023, Japan's Ministry of Economy, Trade and Industry (METI) announced plans for SAF introduction and a SAF-focused biofuel target.

On June 7, 2022, the Indian government announced the Minimum Support Prices (MSP) for all kharif (summer sown, autumn harvested) crops for Indian crop year (ICY) 2023/2024.

The U.S.-Japan Trade Agreement (USJTA) entered Year 5 of the agreement implementation on April 1, 2023.

The U.S.-Japan Trade Agreement (USJTA) entered Year 5 of the agreement implementation on April 1, 2023.

The U.S.-Japan Trade Agreement (USJTA) entered Year 5 of the agreement implementation on April 1, 2023. This report is one in a series of product briefs highlighting the tariff benefits for specific commodities and products from Year 5 (2023) to Year...

On May 22, 2023, the Ministry of Health and Family Welfare/Food Safety and Standards Authority of India (FSSAI) notified on its website Direction REG-11027/3/2022-Regulation-FSSAI. The FSSAI direction informs that the draft Food Safety and Standards (Food for Infant Nutrition) Regulations (2022) are being re-operationalized.

The U.S.-Japan Trade Agreement (USJTA) entered Year 5 of the agreement implementation on April 1, 2023.