After being approved by the Council of the European Union, the regulation will be signed by the President of the European Parliament and the President of the Council.
The agreement by the two countries to work more closely was reached during a bilateral economic cooperation committee meeting held in Seoul, South Korea.
More than half of respondents (53%) said they expect to improve their demand forecast accuracy through the use of "digital twin of the customer" initiatives.
The latest ruling by the South Asian nation, which has already imposed restrictions on wheat and sugar exports, would affect about 25% of total rice shipments from India.