The Indian government has reduced import duties on major edible oils, granting a steep 11 percent cut on sunflower oil to ensure market affordability ahead of the festive season. The duty reduction benefits South Indian consumer markets and aligns with India’s expanding trade volume with Russia, which supplied over 850,000 tonnes of sunflower oil in the first seven months of 2026. Meanwhile, the Central Board of Indirect Taxes and Customs has simplified import documentation under the India-UK Comprehensive Economic and Trade Agreement. Importers are no longer required to submit Form-I under CAROTAR rules for every bill of entry, relying instead on valid self-certified Origin Declarations from UK exporters. On the diplomatic front, Union Commerce Minister Piyush Goyal is engaging in high-level talks with US officials regarding energy security policies and ongoing Section 301 trade investigations, aiming to secure competitive tariff arrangements for Indian exports