The Hindu : India may regain Egyptian tea market

Online edition of India's National Newspaper
Friday, Jul 04, 2003

Business

Business

India may regain Egyptian tea market

By Our Staff Correspondent

KOLKATA JULY 3. After Pakistan, the Indian tea industry may expect some good news from Russia and Egypt. As part of an overall bilateral trade negotiation with Egypt, the Union External Affairs and Commerce Ministry tipped the Tea Board of a strong possibility of regaining the Egyptian market.

Talking to The Hindu Tea Board sources said that the External Affairs Ministry (in collaboration with the Ministry of Commerce) was now spearheading bilateral negotiation for trading a host of commodities between both the countries. While tea features among the products and commodities listed for exports from India, cotton holds prime position on Egypt's agenda.

Meanwhile the Board is in an advanced stage of negotiation with a number of large Russian blenders and packers, marketing Indian packet tea in that country, for allowing them to use logos such as Indian Tea and Gold Standard issued by the Board. At present, such logos are issued only to the Indian exporters. Negotiation is also on through the diplomatic channels to convince the Russian Federation authorities to remove the differential tariff structure.

With the existing deputy chairman of the Tea Board, Basudeb Bannerjee, completing his five year term on July 31, search is on to find a new person.

Printer friendly page
Send this article to Friends by E-Mail

Business