TRADE AGREEMENTS INDIA
India, US have resolved bulk of trade deal issues, pact could be sealed soon: Jaishankar
India and the US have nearly resolved issues regarding the proposed trade deal. External Affairs Minister S Jaishankar expressed hope that the agreement could soon be finalized. Negotiations have focused primarily on changes needed from the American side. The upcoming meeting between Prime Minister Narendra Modi and President Trump may further progress the deal. Securing this trade pact would significantly benefit India’s economy in the large context.
What India's roadmap to global apparel leadership should look like
India's textile and apparel industry is aiming for USD 100 billion in exports by 2030 through Free Trade Agreements. The focus should be on enhancing capabilities in quality, delivery, and price to remain competitive. Indian manufacturers must leverage automation, digitization, and vertical integration to improve efficiency and respond to global demands.
India clocks record $89.99 billion exports in October, but merchandise trade deficit hits 1-year high
India's total exports surged 29.9% year-on-year to approximately $90 billion in October 2026. Merchandise exports hit a record high of nearly $50 billion, showing significant growth during the month. However, imports also increased sharply, leading to a merchandise trade deficit of approximately $40 billion. This situation reflects ongoing challenges with rising import dependence and fluctuating global energy prices.
US assures India of tariff edge over competitors in trade pact
India and the US are working to finalize an interim trade deal by the end of this financial year. Ongoing negotiations focus on tariff advantages and customs issues as outlined in the agreement. New Delhi will uphold concessions on Scotch whiskey in its trade relationship with London. Concerns have been raised over high import duties on bulk Scotch at Indian ports despite reductions proposed in the trade pact.
India’s October merchandise trade deficit widens to one-year high of $39.88 billion as imports surge
India's merchandise trade deficit widened to $39.88 billion in October, surpassing economists' forecasts. Exports rose to $49.47 billion from $44.40 billion, while imports increased to $89.35 billion. The trade figures reflect pressures from high import costs, particularly in energy markets amid global uncertainty. India imports nearly 85% of its crude oil, impacting the overall trade balance significantly.
Finance Ministry assures stakeholders to honour trade concessions on British Scotch Whisky
The Finance Ministry is currently engaging with stakeholders about bulk scotch whiskey imports from the United Kingdom. Stakeholders expressed concerns after bulk scotch containers faced detainment at Indian ports. Customs officers are demanding a 150% import duty instead of the agreed 75% rate. Foreign Trade Secretary Rajesh Agrawal assured that India would honor duty concessions under the trade agreement. This situation unfolds amidst ongoing discussions regarding import regulations and concessions.
Desire within US, India to conclude trade deal by G20: ex-US diplomat
Negotiations for a phase one trade agreement between the US and India are ongoing and complex. Both countries express a desire to conclude the deal by the upcoming G20 Summit in Florida. Former diplomat Nisha Biswal indicated that significant issues remain, particularly concerning India's comparative advantages. India's Commerce Minister Piyush Goyal stated that the country expects one of the best trade deals with the US.
India will have one of the 'best' trade deals with the US: Comerce Minister Piyush Goyal
Commerce and Industry Minister Piyush Goyal stated that India is close to finalizing a strong trade deal with the US. The framework for the initial phase of the bilateral agreement has been completed. However, recent changes in US tariffs have necessitated further discussions between the two countries. Goyal emphasized that the outcomes of the negotiations will be beneficial for India.
Piyush Goyal pitches India as safe investment haven amid global turmoil, highlights $85 trillion market access
Union Minister Piyush Goyal highlighted India's commitment to global investors through stable policies and fair laws. He emphasized that India has signed trade agreements benefitting nearly $70 trillion of global GDP, expanding market access for its goods and services. Goyal assured investors about intellectual property protection, underlining that technology is not appropriated. He noted India's reliability demonstrated during the COVID-19 pandemic by supplying essential goods to over 100 countries.
Use FTAs to build joint ventures, explore investment opportunities: CII President to industry
R Mukundan, the CII President, stressed the crucial role of Free Trade Agreements (FTAs) in fostering joint ventures and enhancing investment prospects. He noted India's resilient economic growth, even faced with global challenges like geopolitical tensions and elevated energy prices. The broadened scope of India's FTAs promises to enrich economic interactions and spur advancements in emerging technologies such as AI and biotechnology.
India, Canada begin sixth round of trade talks
India and Canada have initiated their sixth round of negotiations for a Comprehensive Economic Partnership Agreement. Commerce and industry minister Piyush Goyal engaged with Canada's international trade minister Maninder Sidhu before the talks. Both ministers emphasized the necessity of a balanced agreement to enhance market access. The discussions aim to leverage the strengths of both economies for mutual benefit.
India drawing up list of export snags in South Asia
India is identifying regulatory and market-access barriers in seven South Asian countries to expand exports and reach its $1-trillion target. Merchandise exports to these markets fell 1.3% to $25.7 billion in FY26. The government is examining certification delays, tariffs and product standards while exploring opportunities in chemicals, pharmaceuticals and textiles.
Trump's midterm poll setback won't derail India-US trade talks: Official
India and the US are continuing technical negotiations on the first tranche of their proposed bilateral trade agreement, with a US customs and trade facilitation team visiting New Delhi on November 2-3. Officials said the talks will continue despite the Republican Party losing its majorities in both chambers of Congress. India is seeking lower US tariffs than those faced by competitors such as Bangladesh, Vietnam and Cambodia.
India-US hold bilateral talks in New Delhi on Customs and trade facilitation: Govt sources
A US delegation engaged with Indian Commerce Ministry officials to enhance bilateral trade and customs procedures. The discussions took place on November 2-3 and focused on trade facilitation frameworks. Ongoing negotiations are related to the proposed Bilateral Trade Agreement aimed at improving market access. Both nations are close to finalizing an interim trade agreement, with few issues left to resolve.
Jaguar Land Rover to launch its first electric vehicles in key growth market India in 2027: MD
Jaguar Land Rover (JLR) will enter India's luxury electric vehicle market in 2027 with the Range Rover Electric and Range Rover Sport Electric. The company will also launch the new Jaguar GT next year. JLR India plans to initially import the EVs to test demand, expand its retail network to 40 outlets and capitalise on India's growing premium car market.
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.
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.
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.
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.
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