Daily Current Affairs for UPSC
APEDA holds a webinar on revised EU regulations
[GS Paper 3 - Food Security, Agricultural Marketing]
APEDA holds a webinar focused on the revised Regulations being implemented since 1st Jan 2022 for imports in the EU and the market opportunities for Indian Organic Products.
Key Highlights
- The Agricultural and Processed Food Products Export Development Authority (APEDA) organized a webinar with the Indian Embassy in Brussels and Denmark.
- APEDA addressed the challenges faced by the Indian Exporters in exporting to the EU.
- They even addressed enhancement of the share of Indian Organic product shipments.
What is APEDA?
- APEDA holds the responsibility for export promotion and development of products.
- It was established by the Government of India under the Agricultural and Processed Food Products Export Development Authority Act, 1985.
- It comes under the jurisdiction of the Ministry of Commerce and industry and has been endowed to monitor sugar imports.
- It looks after the development of Industries, exporters registration, Inspection of meat products, packaging of the scheduled products.
- Scheduled products include: Fruits, Vegetables and those products, Meat products, Poultry products, Dairy products, Confectionery, Bakery products, Biscuits, Honey and jaggery, Cocoa, Alcoholic and non-alcoholic beverages, Dry Fruits and nuts, Floriculture products, Medicinal plants
India and the European Union
- The European Union as a bloc is India’s largest trading partner and is the biggest foreign investor in India.
- India and the European Union have come up with many pacts and frameworks to resolve Terrorism, Nuclear non-proliferation, and maritime security.
- In the early 1960s, India was the first of the countries to develop diplomatic relations with the European Economic Community.
- Both the countries signed the cooperation agreement in 1994 that aimed beyond commercial and economic cooperation.
- The first India-EU summit took place in 2000. This relationship turned into a Strategic Partnership in 2004.
- Both the countries have always aimed for:
- Economic and business ties
- Cooperation in defence
- Science and technology collaboration
- People to people relations
- European Union is the second major destination for Indian organic food and products