India and Taiwan implements the Mutual Recognition Agreement (MRA) for organic products with effect from 8th July 2024. This marks the first bilateral agreement for organic products between India and Taiwan.
- This was announced during the 9th Working Group on Trade Meeting with Taiwan held in New Delhi, Delhi.
Implementing Agencies for the MRA:
i.India: Agricultural and Processed Food Products Export Development Authority (APEDA), Ministry of Commerce and Industry (MoCI).
ii.Taiwan: Agriculture and Food Agency (AFA), Ministry of Agriculture.
Key Provisions:
i.Indian organic products certified under the National Programme for Organic Production (NPOP) can be sold in Taiwan as organic, displaying the “India Organic” logo.
ii.Similarly, products certified under Taiwan’s Organic Agriculture Promotion Act can be sold in India, displaying the “Taiwan Organic” logo.
Benefits:
i.Simplifies compliance by avoiding dual certifications.
ii.Reduces compliance costs and enhances trade opportunities.
iii.Facilitates export of major Indian organic products to Taiwan, including rice, processed food, tea, medicinal plant products, etc.
CITI & TTF Sign MOU to Foster Textile Industry Cooperation
The Confederation of Indian Textile Industry (CITI) and the Taiwan Textile Federation (TTF) have signed a Memorandum of Understanding (MoU) to enhance cooperation and foster exchanges in the textile and clothing industries of India and Taiwan.
- The MoU underscores a commitment to supporting long-term, mutually beneficial partnerships and advancing the competitiveness of the Indian and Taiwanese textile sectors globally.
Signatories: The MoU was signed by Rakesh Mehra, Chairman of CITI; and James Kuo, Chairman of TTF.
Terms of the MOU:
i.Promote business activities, focusing on trade, investment, technology cooperation, and related services.
ii.Provide platforms for constructive discussions among members.
iii.Collaborate in organising events like seminars, exhibitions, and conferences with policymakers and trade promotion agencies.
iv.Enhance technological assistance, training, and capacity-building initiatives.
v.Facilitate the exchange of information on policies and industry activities.
vi.Disseminate information on trade and investment opportunities fostering economic synergy
vii.Advocate for business initiatives promoting the ease of doing business in both countries.
Recent related News:
The Government of India and the Government of Taiwan signed an MoU on the Facilitation of Employment of Indian Workers in Taiwan. The MoU aims to strengthen the bilateral labour cooperation relations between India and Taiwan.
About Taiwan:
Capital– Taipei
President– Dr. Lai Ching-te
Currency– New Taiwan Dollar
