BILATERAL AGREEMENTS
US tariff relief unlikely for Indian auto parts makers despite Democrats’ Congress sweep
Indian auto component makers see little prospect of near-term relief from steep US tariffs despite Democrats gaining control of Congress. President Donald Trump can veto legislation seeking to challenge his trade policies, while overturning that veto requires a two-thirds majority in both chambers. Industry executives see progress in bilateral trade talks as key.
Trump's midterm election setback may fast-track India-US trade deal within two months says founder, GTRI
Ajay Srivastava, Founder of the Global Trade Research Initiative (GTRI) said the election results could push Trump to focus more on trade negotiations and expedite the proposed agreement with India.
EAM Jaishankar meets Guyana President, announces $500 million Line of Credit extension
S Jaishankar recently met with Guyana President Irfaan Ali to review their bilateral cooperation agreements. They discussed the implementation of a UPI-like system and the extension of a USD 500 million Line of Credit. Additionally, agreements were signed for manufacturing projects and Quick Impact Projects in Guyana. Jaishankar also engaged with leaders from Australia and the United Kingdom to strengthen economic partnerships.
Democrats' US midterm sweep may give India more room to negotiate a balanced trade deal with Trump
Democrats' takeover of both chambers of the US Congress could ease pressure on India in trade negotiations with the Trump administration, experts said. Greater Congressional scrutiny of tariffs may create opportunities for Indian exporters, although the existing 18% tariff is unlikely to change immediately and the bilateral trade agreement could face delays.
Ukraine, US, Russia to hold working-level trilateral talks within a week: Zelenskyy
Ukrainian President Volodymyr Zelenskyy announced upcoming trilateral talks with the US and Russia to discuss the ongoing war. The discussions with US envoys lasted for an hour and a half and focused on security and diplomatic efforts. A significant meeting in Brussels facilitated collaboration on Ukraine's postwar recovery and security guarantees. Meanwhile, Russia continues its attacks on Ukraine, prompting increased mediation from the US.
Reset will keep India busy as Trump’s midterm loss redraws US politics
The recent US midterm elections have significant implications for international relations and the economy. Incoming policies may impact trade agreements between India and the US, affecting both countries' economies. Additionally, potential conflicts involving Iran could influence energy prices in India, creating economic uncertainty. The evolving political landscape in Washington will require India to adjust its diplomatic strategies.
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India-EU FTA to simplify and reinforce corporate cooperation, says Swedish Ambassador Petra Menander
The proposed India-European Union Free Trade Agreement (FTA) will simplify and reinforce bilateral corporate collaboration, said Sweden's Ambassador to India Petra Menander, pointing to expanded opportunities for technology transfers and joint industrial initiatives.
Trump's midterm setback may put India under pressure for quick trade deal on US terms: GTRI
Amid electoral challenges, US President Donald Trump is likely to ramp up pressure on India to seal a trade deal. This potential agreement would require India to decrease import tariffs on US goods while the US keeps its tariffs intact. Analysts caution that such an arrangement may breach WTO MFN principles, undermining India's trade credibility. Additionally, compromising energy security and development aspirations could have serious implications.
Piyush Goyal holds talks with Danish minister to expand economic partnership
India and Denmark are actively exploring various opportunities to strengthen their economic engagement and partnerships. The discussions between Piyush Goyal and Martin Lidegaard emphasized collaborative efforts in trade, investment, and industrial cooperation. Approximately 250 Danish companies operate in India, employing over 100,000 individuals while showing strong interest in further investments. Cooperation in renewable energy and wind energy technologies has been a core focus of their partnership.
Vietnam proposes pact with India to protect classified information
Vietnam has proposed an agreement with India to exchange and protect classified information, while both countries have agreed to strengthen real-time sharing of strategic intelligence. The proposals were discussed during National Security Adviser Ajit Doval’s meetings with Vietnamese leaders in Hanoi.
India-New Zealand FTA: Expanding India’s footprint in Oceania
More than a trade deal, the India-New Zealand FTA is a strategic gateway to new markets, fresh investment and stronger capabilities, positioning India to compete, connect, and grow across the Asia-Pacific.
India, EU discuss FTA implementation, customs cooperation and market access in Brussels
India and the European Union engaged in discussions regarding the implementation of their Free Trade Agreement. Commerce Secretary Rajesh Agrawal held meetings with various senior European Commission officials in Brussels, focusing on market access and customs procedures. The FTA is expected to eliminate tariffs on the majority of exports from both regions. Both parties are working towards the proposed signing and full ratification of the agreement.
India-France defence ties poised for new phase, with 114 Rafales in focus
India and France are advancing their defence relationship with proposals for new fighter aircraft and submarines. The two nations are collaborating on advanced technologies and strategic partnerships essential for regional security. As the global security landscape evolves, India aims to enhance ties with trusted allies like France. The Horizon 2047 Roadmap outlines a vision for future cooperation across various sectors.
Bangladesh opposition leader warns against Indian transit corridor, demands fair Ganges water deal
Nahid Islam, a leader of the National Citizen Party, warned against facilitating an Indian transit corridor through Bangladesh. He urged for a fair renewal of the Ganges water-sharing treaty, which expires soon. There are indications of potential protests if the agreement is not renewed to protect Bangladesh's water interests. Discussions on Bangladesh's partnerships are ongoing, particularly with Japan regarding regional development initiatives.
UK minister calls for speedier India-UK healthcare innovation
UK Health Minister James Frith addressed the Westminster Diwali gathering in London, highlighting the need for healthcare innovation adoption. He noted that India excels in digital innovation, while Britain leads in research and life sciences. The India-UK Comprehensive Economic and Trade Agreement has created opportunities for deeper cooperation. Indian High Commissioner P Kumaran emphasized India's manufacturing capabilities and ambition for commercial innovation.
India-Brazil bilateral trade set to reach $20 bn with focus on critical minerals, AI, defence: Envoy
Brazil's Ambassador to India highlighted growing trade relations, expecting bilateral trade to reach USD 20 billion soon. The partnership encompasses critical sectors such as defence, energy, and pharmaceuticals, promoting economic engagement. Both nations aim to deepen cultural ties, celebrating the centenary of musician Antonio Carlos Jobim in 2027. Recent political visits strengthened commitments toward technological and economic cooperation in multilateral forums.
India’s FTAs to open access to $85 trillion market; Piyush Goyal urges exporters to go global
India's trade agreements are expected to provide exporters preferential access to markets with a combined GDP of $85 trillion, covering 76% of the global economy, Commerce Minister Piyush Goyal said. He urged businesses to expand internationally, improve product quality and build global brands as India pursues additional trade pacts.
Germany's Merz says EU to shape better offer as global trade order comes under pressure
German Chancellor Friedrich Merz has stated that the European Union will lead in shaping free trade offers. He highlighted the significance of international trade for many countries in terms of prosperity. During his Asia tour, Merz met with South Korean President Lee Jae Myung to enhance security partnerships. There were agreements signed between South Korean and German companies to support various sectors.
US trade deal will protect all sensitive Indian interests, says Piyush Goyal
Commerce Minister Piyush Goyal said India’s trade deal with the US would protect sensitive interests, including those of farmers, and give the country a competitive advantage. He criticised opposition parties for questioning the agreement before its details were released, while defending India’s trade strategy and its decision to stay out of RCEP.
UK PM Burnham's trip to India could take place soon: British envoy
UK Prime Minister Andy Burnham is keen to visit India soon, Acting British High Commissioner Ben Mellor said on Thursday, highlighting strengthening ties between the two countries. Mellor also expressed confidence that India and the UK would surpass their target of doubling bilateral trade to around $120 billion by 2030, citing new deals worth £12 billion since the free trade agreement was signed.
Denmark to launch new work permit scheme in 2027; sets DKK 322,000 as the minimum salary
Denmark is set to roll out a fresh work permit scheme for international workers from January 1, 2027. To be eligible, foreign workers must hold jobs that adhere to sanctioned collective agreements and fulfill salary standards. Employers are required to gain certification to join this initiative and affirm compliance with said agreements.
India, Mexico begin talks for trade pact; aim to boost commerce, investments
India and Mexico have initiated negotiations for a preferential trade agreement to enhance bilateral trade and investment. The agreement aims to create new economic opportunities while addressing market access, customs procedures, and trade facilitation. Discussions included organising a Mexican business mission to India in early 2027 to improve commercial ties. India had a trade surplus with Mexico, largely due to exports in autos and pharmaceuticals.
Rajnath Singh, US War Secretary Hegseth review progress of 10-year defence pact
In a significant move, India and the US are enhancing their defence relationship through a comprehensive 10-year agreement aimed at fostering technological advancements and military integration. Defence Minister Rajnath Singh, alongside US Secretary of War Pete Hegseth, engaged in dialogue about the security landscape of the Indo-Pacific region and marked the anniversary of their partnership.
India, Mexico sign terms of reference to kickstart trade pact negotiations
India and Mexico have signed the Terms of Reference to initiate negotiations on a Preferential Trade Agreement. This agreement aims to enhance bilateral trade and investment opportunities between the two countries. Key negotiating areas include market access, customs procedures, and trade facilitation measures. Both delegations discussed organizing a Mexican business mission to India in early 2027.
India and US fine-tune trade pact after concluding most talks, says Piyush Goyal
India and the United States have nearly finalized discussions regarding a proposed bilateral trade agreement. Commerce Minister Piyush Goyal mentioned that fine-tuning of the agreement is currently underway. This follows remarks from US Secretary of State Marco Rubio about a few remaining details. Initially, the US removed a penalty on Indian goods related to Russian oil purchases.
US, Brazil and Israel elections put India’s trade worth billions in focus
Recent elections in the US, Brazil, and Israel may impact India's trade negotiations and economic partnerships. The US is close to finalizing a trade pact, which could affect Indian exports significantly. Brazil's growing economic relationship with India is leading to ambitious trade targets between the two nations. In Israel, the continuation of defense cooperation and negotiations for a free trade agreement are crucial for India.
PM Modi, Liechtenstein's Prince Alois hold talks to boost ties
Prime Minister Narendra Modi on Tuesday held talks with Liechtenstein's Hereditary Prince Alois to strengthen bilateral ties and advance cooperation in trade, investment, science and technology. The visit comes as the India-EFTA trade pact opens opportunities for investment, with the four EFTA states committing to invest USD 100 billion in India over 15 years.
India-US trade deal enters fine-tuning stage as most talks conclude, says Piyush Goyal
India and the US are refining their bilateral trade agreement after concluding most discussions on the deal. Commerce Minister Piyush Goyal indicated significant progress has been made towards finalizing the agreement. Recent talks have involved high-level meetings between officials from both nations, focusing on tariff reductions and trade frameworks. Goyal is currently leading a significant delegation to the Netherlands and Germany to promote bilateral business ties.
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