INDIA ASEAN TRADE AGREEMENT
India finalises association with Horizon Europe for research and innovation collaboration
India has concluded negotiations with the European Union to associate with Horizon Europe for research cooperation. The agreement aims to create a long-term framework for collaborative R&D projects between India and the EU. Indian researchers will have access to European consortia and cutting-edge research infrastructure through this partnership. The collaboration seeks to deepen talent mobility and co-develop critical technologies and standards effectively.
Gujarat Energy-ADNOC sign pact for procuring 4 million tonnes of LNG
Gujarat Energy has signed a long-term Sales and Purchase Agreement with Abu Dhabi National Oil Company. This agreement will allow Gujarat Energy to procure up to 4 million tonnes of LNG within ten years. The procurement will start in 2028, marking the first purchase from XRG’s international portfolio. This agreement represents ADNOC’s fifth LNG supply agreement in India.
American midterm results will not have an impact on India-US interim trade deal: Sources
The Democrats' sweeping victory in the US midterm elections is unlikely to affect the India-US interim trade agreement, as the pact does not require formal Congressional ratification, sources said. However, ongoing Section 301 investigations into forced labour and excess industrial capacity could influence Washington's tariff structure and the finalisation of the agreement.
Chinese President Xi Jinping likely to skip ASEAN Summit in Manila: Report
The Philippines' Department of Foreign Affairs (DFA) shared this information on Wednesday while responding to reports about Xi's expected absence from the annual summit, which the Philippines is hosting this year.
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.
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.
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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.
India-EU trade deal to ease mobility for Indian professionals, but work visas will still be required
The proposed India-European Union Free Trade Agreement is set to simplify temporary entry for Indian professionals. It includes provisions for intra-corporate transferees, contractual service suppliers, independent professionals, and business visitors. Visa applications will still follow existing immigration procedures and conditions, ensuring applicants meet specific requirements.
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.
India has never allowed import of GM products, will never open dairy sector: Piyush Goyal
Commerce and Industry Minister Piyush Goyal emphasized India’s commitment to safeguarding its dairy sector from free trade agreement pressures. He reiterated the nation's opposition to imports of genetically modified products, considering them sensitive. Goyal mentioned efforts to unlock new employment opportunities and promote domestic agriculture for competitive exports.
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.
Jaishankar calls for deeper Quad cooperation on energy security, counter-terrorism, maritime issues
Participating in the Quad Foreign Ministers' Meeting in Atlanta, Jaishankar said he spoke about countering non-market practices and increased economic stresses in the Indo-Pacific region.
India's FTAs to open new export opportunities as country eyes $1 trillion milestone: IIFT VC
India's trade deficit is likely to persist as long as the country remains dependent on oil imports, although rising exports of value-added petroleum products are helping narrow the gap, K. Rangarajan, Vice-Chancellor of the Indian Institute of Foreign Trade (IIFT), said on Friday.
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.
Karnataka urges exporters to leverage FTAs to boost trade, target $1 trillion economy
Karnataka's industries minister MB Patil has urged manufacturers and exporters to leverage free trade agreements effectively. The state has signed trade agreements with 38 countries, which could enhance market access for various products. This initiative is part of Karnataka's goal to achieve a $1 trillion economy in the future. Increasing foreign direct investment highlights the state's economic momentum and potential growth.
India-EU FTA likely to rollout in mid-2027, PM Modi to travel to Brussels for official signing in December: Top EU lawmaker
The European Parliament anticipates that the India-EU Free Trade Agreement will be signed by mid-December 2026. Prime Minister Narendra Modi is expected to attend the signing ceremony in Brussels. The agreement seeks to deepen investments and reduce supply-chain dependencies between India and the EU. Closer collaboration on defense and cybersecurity is also a priority for both parties.
Rajnath Singh proposes ASEAN youth bridge to boost ties
Defence Minister Rajnath Singh proposed a dedicated youth bridge across the Asean region for innovation and collaboration. He emphasized the importance of empowering youth to enhance regional peace and security in the Indo-Pacific. Singh highlighted India's maritime security efforts, including escorting merchant vessels and countering piracy on the high seas. Furthermore, he reaffirmed India's commitment to combat terrorism and share its expertise with regional partners.
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.
US and Japan to establish a Japanese facility for joint missile production
The United States and Japan have decided to establish a facility for joint missile production in a strategic partnership. Japanese Defense Minister Shinjiro Koizumi highlighted the importance of this venture in addressing regional security concerns. Both nations aim to enhance their defense cooperation against rising threats, particularly regarding China's assertiveness in Asia. Additionally, discussions emphasized the significance of maintaining a rules-based international order in the region.
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.
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 to emerge as major exporter to China, ASEAN, get edge in US trade pact, says Piyush Goyal
Commerce and Industry Minister Piyush Goyal highlighted India's potential to expand exports to China and ASEAN. Negotiations are underway for a trade pact with the United States that could provide India a comparative advantage. The country is also working towards an Investment Protection Agreement with the European Union. Goyal indicated that discussions for preferential trade agreements are progressing with multiple countries and groups.
We will see India becoming major exporter of goods and services to China: Piyush Goyal
Commerce and Industry Minister Piyush Goyal emphasised India's willingness to engage with Chinese suppliers. He highlighted the importance of fair play and judicial processes regarding pricing discrepancies. India aims to enhance exports to China and the ASEAN region over the coming years. Recent trade data shows a significant increase in India-China bilateral trade. The Indian government is also addressing concerns related to China's export controls on key machinery.
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.
Piyush Goyal says India-Chile FTA talks ' quite ripe' for conclusion, Canada negotiations making progress
India is making progress on free trade agreements (FTAs) with several countries, with negotiations with Chile nearing conclusion and talks with Canada advancing, Commerce and Industry Minister Piyush Goyal has said. Discussions with the Southern African Customs Union have recently begun, while efforts to expand trade arrangements with Mercosur continue. Talks with the Gulf Cooperation Council and Israel remain slow amid the West Asia crisis.
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