BILATERAL TRADE PACT
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.
Canada taking advantage of US, but getting close to deal: Donald Trump
US President Donald Trump accused Canada of exploiting the United States through trade imbalances, claiming Ottawa had made $90 billion annually at Washington's expense for years. Speaking ahead of a Michigan rally, Trump said negotiations were progressing towards a deal, but stressed he wanted a long-term agreement favourable to the American economy.
German businesses now see India as manufacturing, R&D and innovation hub: Piyush Goyal
German companies are increasingly viewing India as a strategic manufacturing and innovation hub for the future. During a recent visit, Commerce and Industry Minister Piyush Goyal engaged with major firms about expanding cooperation. The India-EU free trade agreement is set to strengthen trade ties significantly later this year. Indian capabilities in research and development are attracting substantial German investment and workforce expansion.
India's Scotch probe of Diageo, Pernod undermining India-UK pact benefits, trade group says
The British government said "iconic UK products" like whiskies would benefit from the pact. Indian investigators, however, have privately told companies the reduced rate does not apply to bulk Scotch concentrates, creating the first significant dispute over the free trade agreement since it took effect.
India has huge scope to expand processed food exports to UK after trade pact: TPCI
India's processed food exports to the UK represent significant growth potential with only a 0.6 percent share. The India-UK Comprehensive Economic and Trade Agreement eliminates tariffs on various food products. As a result, Indian producers gain immediate competitive advantages in these markets. Trade missions, market intelligence sharing, and SME growth opportunities are key focuses of the TPCI-UKIBC partnership.
Piyush Goyal to explore trade, investment avenues in Germany & Netherlands
Commerce and industry minister Piyush Goyal is set to visit Germany and the Netherlands for trade engagements. He will participate in the Berlin Global Dialogue and meet various government officials in Germany. The focus will be on technological cooperation, clean technology, and the India-EU FTA negotiations. In the Netherlands, Goyal will hold ministerial meetings to explore expanded trade channels and green transition initiatives.
- Go To Page 1
India eyes a $20 billion pot of gold in New Zealand as its trade pact goes live
The free trade agreement between India and New Zealand promises to promote trade and enhance professional movement. While some goods may enjoy duty-free status, a significant rise in merchandise exports might take time. However, New Zealand's engagement in several service sectors holds potential benefits for Indian companies. The agreement also opens up new job opportunities for Indian students and creates pathways for skilled professionals.
India presents a compelling investment proposition for German firms, FICCI says
Indian industry is poised for growth as German companies are encouraged to invest in manufacturing capacities. The upcoming India-European Union free trade agreement aims to strengthen trade ties and foster economic partnerships. Opportunities exist in sectors such as automotive technologies and renewable energy as urbanisation and incomes rise. The bilateral trade has seen an increase, highlighting the growing economic relationship.
India’s $100 billion European Free Trade Association cheque is slow to clear as Vietnam joins the club
Vietnam recently signed a free trade agreement with the European Free Trade Association, expanding its trade network. This agreement comes as India's interaction with EFTA continues to evolve, with potential impacts on competition. Both countries aim to enhance exports to these markets despite different timelines of agreement enactment.
Why is market rising today? Sensex jumps 800 points, Nifty above 23,050. 5 key factors behind D-Street rebound
The Sensex and Nifty rallied nearly 1% as strong Q2 earnings, gains in IT stocks, rupee appreciation and attractive largecap valuations lifted sentiment. However, elevated crude oil prices and rising bond yields remain key risks. Analysts expect market movements to remain stock-specific and driven by corporate earnings.
India-US trade deal ‘pretty close’, Trump says; will be very different from earlier pacts
The US and India are reportedly close to finalizing a new trade deal. President Donald Trump indicated that this deal would be significantly different from prior agreements. Secretary of State Marco Rubio's visit to India aims to strengthen various bilateral relations. Commerce Minister Piyush Goyal recently engaged with US Trade Representative Jamieson Greer to discuss the trade deal. The discussions follow the recent framework finalization of the bilateral trade agreement.
Marco Rubio, S Jaishankar discuss energy ties as India-US trade deal nears finalisation
US Secretary of State Marco Rubio and S Jaishankar discussed energy security, defence, technology and regional issues in Mumbai. Rubio said the India-US trade deal was close to finalisation, with a few issues remaining.
In second visit within months, Rubio calls on India to scale up US energy and defence buys
India and the US are actively working to expand energy and defence cooperation amidst existing tensions. US Secretary of State Marco Rubio emphasized India's potential as a crude oil refining superpower. Discussions included increasing energy trade and promoting the purchase of American technologies for mutual benefit. Rubio also plans to visit Reliance Industries Ltd's Jamnagar Refinery to discuss energy security.
Marco Rubio lands in Mumbai as New Delhi, Washington push to close trade deal
US Secretary of State Marco Rubio is in India to enhance cooperation in energy, trade, and defense matters. His visit focuses on advancing the India-US Comprehensive Global Strategic Partnership and includes discussions on economic engagement. Rubio's earlier trip in May involved meetings with Prime Minister Narendra Modi and External Affairs Minister S Jaishankar. The anticipated bilateral trade deal aims to address tariff issues and boost market access.
India-New Zealand FTA comes into force, offers zero-duty access for Indian goods, new visa pathways
The India-New Zealand Free Trade Agreement (FTA) came into force on Tuesday, marking India's 17th operational free trade pact and opening up new opportunities for Indian exporters.
India-New Zealand FTA comes into effect today
The FTA will provide Indian exporters with 100% duty-free access to the New Zealand market, opening opportunities for MSMEs, women entrepreneurs, farmers and artisans. This is expected to facilitate $20 billion in investments into India in 15 years that would create opportunities across manufacturing, infrastructure, agriculture, and innovation.
India-New Zealand FTA kicks in October 20, gives all Indian goods zero-duty access
India's free trade agreement with New Zealand will begin on October 20 and provide duty-free access for Indian goods. This agreement aims to boost bilateral trade significantly by 2030, increasing it from $2.4 billion to nearly ₹35,000 crore. New Zealand will grant 100% market access, while India will provide tariff concessions on 70% of its tariff lines. Customs clearance timelines will be expedited, enhancing trade efficiency and reducing costs.
Dates of PM Modi's Canada visit currently under discussion between two sides: MEA
The Ministry of External Affairs (MEA) said the dates of Prime Minister Narendra Modi's visit to Canada are currently being discussed by both sides. Recent conversations between Modi and Prime Minister Mark Carney focused on strengthening bilateral ties. The leaders agreed to work towards building a strategic partnership covering various key areas. Efforts are being directed towards finalising the Comprehensive Economic Partnership Agreement.
India's agriculture sector can benefit from Canadian fertilisers, Fairfax keen to expand investments: Canada Trade Minister
India could gain significant agricultural advantages from Canadian fertilisers and potash to enhance crop yields. Recent agreements between India and Canada indicate strong potential for improved bilateral trade.
India, Canada sign commercial deals as both aim to seal trade pact by 2026
India and Canada have signed commercial agreements aimed at strengthening trade relations and enhancing economic cooperation. Minister of International Trade Maninder Sidhu emphasized collaboration opportunities in various sectors like artificial intelligence and digital innovation. The proposed Comprehensive Economic Partnership Agreement seeks to be concluded by the end of 2026. Current bilateral trade is projected to increase significantly following these agreements.
India-US trade pact would be concluded at earliest, in interest of global trade: FM Sitharaman
In a promising update on the India-US trade agreement, Nirmala Sitharaman indicated that negotiations are progressing well, with Commerce Minister Piyush Goyal mentioning that legal drafting for the initial phase is in motion. Addressing concerns related to trade imbalances and China's market access restrictions, Sitharaman underlined the critical role of infrastructure investments in driving economic growth despite global setbacks.
India-US trade pact in last leg of legal drafting, says Piyush Goyal
India is currently in the final stages of legal drafting for a trade agreement with the US, which is expected to be operational soon. The agreement, following sessions with US trade representatives, aims to ensure preferential access for Indian exporters. Indian officials hope for tariff stability and seek resolution on outstanding issues before the deal is signed.
'Trump may Finalise Russia Sanctions Law in 10 Days': Sergio Gor
US President Donald Trump will decide on the Sanctioning Russia and Iran Act affecting India's oil purchases. The US ambassador indicated that discussions would continue during Secretary of State Marco Rubio's upcoming visit. India has expressed concerns that tariffs could harm bilateral relations amidst ongoing trade negotiations. While progress has been made, remaining issues need resolution before a trade deal can be finalized.
India, Canada to hold next round of trade pact talks in November
India and Canada will conduct the next round of negotiations for the Comprehensive Economic Partnership Agreement in early November. The fifth round of negotiations was recently completed on October 9 in Canada. Discussions between Commerce Minister Piyush Goyal and Canadian counterpart Maninder Sidhu highlighted the need to advance these negotiations. Both countries hope to conclude the talks by the end of this year.
India, US lock first phase of trade pact; legal drafting underway: Piyush Goyal
Commerce and Industry Minister Piyush Goyal announced the finalization of the first phase of the India-US trade pact. This phase is currently undergoing legal drafting, with hopes for quick finalization and operationalization. He emphasized the need for India to secure a competitive advantage over its peer countries before implementation. Additionally, Goyal stated the free trade agreement with the European Union will be signed in December.
UK announces £1 billion in new commercial deals with India
The two sides also agreed to exchange data annually on the use of CETA, which came into effect on July 15. The data will cover businesses' claims for lower tariffs and feedback on implementation, beginning a year after the pact comes into force. "Communities across the UK and India are set to benefit from over £1 billion in new deals.
US trade deal to be finalised as 'circumstances have changed': Piyush Goyal
India is reassessing its interim trade agreement framework with the US in light of recent global shifts. Commerce minister Piyush Goyal indicated that negotiations are active with nations like Mexico, the UK, and Canada. Additionally, alternative trade discussions are being held with several countries. The export statistics up to September reflect strong performance, indicating optimistic prospects ahead.
Load More
