Current Affairs - Economy - Discussion

India has introduced new Harmonized System (HS) codes to facilitate the export of GI-recognized rice varieties such as Red Rice, Black Rice, and Kalanamak Rice. These codes help differentiate premium GI-tagged rice from general non-basmati rice, ensuring better market positioning and protection from export restrictions. The initiative aims to promote fair pricing, simplify trade processes, and strengthen India’s presence in global speciality rice markets. By assigning specific HS codes, India acknowledges the cultural and economic importance of these rice varieties while safeguarding farmers’ interests and boosting agricultural exports.