INDIA EU FREE TRADE AGREEMENT
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.
Gap apparel supplier Gokaldas eyes doubling Europe exports share to cut US reliance
Gokaldas Exports, a prominent Indian apparel supplier, expects to increase its export share to Europe significantly. The company currently derives 15% of its exports from Europe, anticipating this to rise to around 25%-30% in three to five years. This change is expected due to a proposed trade agreement between India and the European Union.
India, Dutch port authorities weigh digital push to boost logistics: Piyush Goyal
Commerce and industry minister Piyush Goyal and Port of Rotterdam CEO Boudewijn Siemons held discussions on advancing port-led growth, logistics efficiency, supply chain connectivity and unlocking new opportunities for trade and investment.
‘Very high’ expectations from India-EU FTA, says Rotterdam port chief
Boudewijn Siemons, CEO of the Port of Rotterdam, expressed high expectations for the India-EU free trade agreement. He highlighted the importance of collaboration between ports and nations to facilitate global trade. Siemons conveyed his optimism about increased business opportunities between Europe and India. Negotiations for the free trade agreement have concluded, with hopes to sign it by year-end. The implementation of the agreement is anticipated for next year.
FICCI seeks Dutch investment in mfg, tech; calls for project-level follow-up
FICCI has called for enhanced Dutch investments in India’s manufacturing and technology sectors during Piyush Goyal's visit. The discussions may lead to manufacturing partnerships and technology collaborations which would strengthen bilateral trade. Greater emphasis is placed on supply chain integration to meet Dutch quality and sustainability standards. The upcoming India-EU free trade agreement is expected to facilitate deeper commercial ties.
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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 is not living in isolation, says Piyush Goyal, as India-EU FTA and several trade pacts pave the way for German R&D
Piyush Goyal emphasized the importance of collaboration between Indian and German research institutes during his visit. He highlighted the potential for co-development and co-innovation under the India-EU free trade agreement. Goyal encouraged the institutes to connect research with industry in order to support manufacturing in India. The minister also mentioned India's extensive trade agreements that will boost global market access.
India to remain strict on quality: Industry minister Piyush Goyal
India's Commerce Minister Piyush Goyal emphasised a strict stance on quality and environmental regulations. He noted that many companies are eager to invest in India across various sectors. Goyal mentioned India's advantages in decarbonisation amidst competition from Europe’s carbon border adjustment mechanism. Discussions on free trade agreements indicate significant potential for job creation in India.
India's exports to Germany could cross $50 billion by 2030: ASSOCHAM
ASSOCHAM said the potential for expanding market access, investment and business partnerships between India and Germany. It said the two countries could use their respective strengths in manufacturing, technology and innovation to deepen economic ties and create new growth opportunities.
Union Minister Sarbananda Sonowal invites Polish firms to ‘build, innovate and grow with India’
Union Minister Sarbananda Sonowal addressed the India-Poland Business Forum, emphasizing stronger business ties between the nations. He highlighted Poland's strengths in engineering and clean energy and India's market potential and skilled workforce. Sonowal proposed initiatives to enhance collaboration in sectors like AI, quantum computing, and smart manufacturing. He called for Indian and Polish companies to innovate and invest together for mutual growth. Trade between India and Poland has reached $6.36 billion.
India-Germany trade can surge 10-fold, says Piyush Goyal
India-Germany bilateral trade is expected to increase significantly, with aims of reaching 310 billion from 31 billion. Both countries are focused on co-creating and leveraging their complementary strengths for economic growth. The India-EU free trade agreement is anticipated to be signed soon and will facilitate mutual benefits. Minister Piyush Goyal emphasized the importance of trust and cooperation between the nations.
India-EU trade deal could become operational in early-2027, Piyush Goyal says
India's trade minister Piyush Goyal announced that the EU FTA is expected to be signed soon. After signing, the FTA could be operational within four to five months. The deal aims to boost market access and bilateral trade between India and the EU significantly. Goyal emphasized the importance of collaboration in various sectors to maximize mutual benefits.
PM Narendra Modi, Polish counterpart Donald Tusk agree to boost India-Poland ties in defence, space and nuclear energy
Prime Minister Narendra Modi announced new measures to promote cooperation with Poland in several key areas. These areas include defence, space, and nuclear energy, aiming to strengthen ties between the two nations. Modi emphasized the importance of the India-European Union Free Trade Agreement in broadening partnership opportunities. He highlighted India's growing economic strength over the last two years, which further supports this partnership.
Domestic cos need strategic approach to tap India-Europe FTA gains: FICCI
Indian companies must adopt a strategic approach to fully leverage the European free trade agreement benefits, as tariff concessions alone may not suffice. The focus should be on product quality, market penetration, and building significant relationships with European buyers. Compliance with European standards will be crucial for export success, particularly for small enterprises.
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.
India-NZ FTA in force: Over half of New Zealand’s exports to India now tariff-free, Wellington also eyes Brazil, Canada
New Zealand is working to strengthen trade relations with Brazil and Canada in response to economic uncertainties. The country expects to complete the first New Zealand-Brazil Trade and Investment Dialogue after upcoming elections. A new free trade agreement with India has been implemented, making more than half of exports tariff-free. The agreement will benefit various products, including sheep meat and wool, as well as local businesses.
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.
India-New Zealand trade pact: INZCCI calls on companies to turn market access into opportunity
This agreement opens new doors for trade, investment, and partnerships, especially benefitting small and medium-sized enterprises. Companies are urged to seek pertinent information and ask crucial questions to thrive.
Ferrari accelerates India expansion, opens doors to EU trade pact benefits
Ferrari is expanding its presence in India by opening dealerships in Chennai and Ahmedabad. The company aims to take advantage of the proposed EU-India trade agreement, which could lower import duties on luxury vehicles. Ferrari’s CEO emphasized the importance of developing relationships with Indian customers and enthusiasts. The automaker has also unveiled an electric vehicle at its first exhibition in India.
India needs to leverage FTAs, export promotion mission initiatives to boost shipments: CII's Budhia
Indian businesses are encouraged to utilise free trade agreements and the export promotion mission for expansion. Recent data shows that India’s merchandise exports have increased significantly over the past year. Services exports show a small decline yet cumulative growth remains positive compared to last year. Ongoing efforts aim to strengthen India’s overall export capabilities and international partnerships.
The $50-billion question: Who gets what as India and Canada aim to strike a trade deal?
India and Canada are currently negotiating a free trade agreement designed to enhance bilateral trade significantly. Nearly 300 Canadian business delegates are visiting India to advance these discussions. Both countries aim to increase two-way trade to $50 billion by 2030. Key focus areas include energy, critical minerals, and agriculture, alongside demands for improved market access. The negotiations have resumed after a brief pause, with optimism surrounding the outcome before December.
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.
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.
India-EU FTA to make avenues for deeper alliance between Indian, Czech cos: Czech Minister Havlicek
India and the European Union have finalized negotiations for a free trade agreement this year. The deal will foster collaboration between Indian businesses and Czech companies eager to invest in India.
Audi India mulling local production of electric car, aims to double market share in 3-5 years
Audi India is considering local manufacturing of a battery electric vehicle, with a decision expected in the next few months. The luxury carmaker aims to double its market share from around 8% to 15-16% over the next three to five years through new product launches, customer-focused initiatives and dealership expansion, particularly in tier-II and tier-III cities. The proposed India-EU free trade agreement could also help Audi introduce more models to test demand.
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