India-Taiwan Agreement Boosts Organic Product Trade
The India-Taiwan Mutual Recognition Agreement (MRA) for Organic Products will go into action on July 8, 2024. It is a plan to boost trade between India and Taiwan in the organic products sector. Even though the two regions don’t have official diplomatic ties, this agreement shows that they are working together more on business.
Implementation Agencies
The agreement is managed by two core agencies:
- India’s Agricultural and Processed Food Products Export Development Authority (APEDA)
- Taiwan’s Agriculture and Food Agency.
These organizations are instrumental in ensuring that the standards for organic products are met, facilitating smooth import and export processes under the MRA.
Details of the Agreement
According to this deal, organic goods that are approved in India can be sold in Taiwan and vice versa, as long as they meet the organic standards set by each country. In India, this is controlled by the National Program for Organic Production, which requires strict farming methods that don’t use any chemicals. Aromatic and medicinal plants, rice, herbal tea, and other items from India and Taiwan that are certified organic will be affected.
Bilateral Benefits
This MRA is good for both countries because it gives consumers more options and expands the market for organic farmers. It also boosts the trustworthiness of the organic certification process in India and Taiwan, which could lead to more demand and help the economies of both countries.
Impact on Indian Organic Production
India is one of the best places in the world to grow healthy food, thanks in large part to states like Madhya Pradesh, Maharashtra, and Sikkim. This deal should help India’s place in the global organic market even more by giving them new ways to do business in Taiwan, which is known for its strict quality control and knowledge about organic products among its consumers.
About Agricultural and Processed Food Products Export Development Authority (APEDA)
- Facilitation and Financial Assistance: The Agricultural and Processed Food Goods Export Development Authority (APEDA), which was set up by the APEDA Act of 1985, makes it easier for scheduled goods to be exported and helps exporters by giving them money, information, and rules.
- Industry Development and Promotions: APEDA helps create industries that work with foods like fruits, vegetables, meat, and poultry. It advertises Geographical Indications (GI)-registered goods around the world and keeps a market information system running while promoting goods in other countries.
- Key Role in Organic Production: Through several programs and projects, APEDA is very important in putting the National Program for Organic Production (NPOP) into action and making a big difference in the growth of India’s agricultural export sector.
Month: Current Affairs - July, 2024
Category: Agriculture Current Affairs