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Explore India's FTA with EFTA: USD 100 billion investment, 1 million jobs, tariff reductions, and benefits for key sectors. New Delhi, Oct 1 (PTI) India's free trade agreement (FTA) with four European nation bloc European Free Trade Association (EFTA) comes into effect. It is aimed at boosting two-way commerce and investments. The EFTA members are Iceland, Liechtenstein, Norway, and Switzerland. It was signed on March 10, 2024. * What is an FTA? It is an arrangement between two or more count ...Read More >
New Delhi, Oct 1 (PTI) India's free trade agreement (FTA) with four European nation bloc European Free Trade Association (EFTA) comes into effect. It is aimed at boosting two-way commerce and investments. The EFTA members are Iceland, Liechtenstein, Norway, and Switzerland. It was signed on March 10, 2024. * What is an FTA? It is an arrangement between two or more countries where they agree either to eliminate or reduce customs or import duties on the maximum number of goods traded between th ...Read More >
MUMBAI: India Inc's credit quality remains strong, supported by robust domestic consumption, robust balance sheets, and steady government-led spending. However, geopolitical risks arising mainly from the 50% US tariffs on several Indian goods could weigh on sectors such as marine, gems and jewellery, and textiles. Notably, credit ratios of companies remain largely stable. In H1 of FY26, Icra upgraded ratings of 214 firms while downgrading another 75, for a credit ratio of 2.9 times, an improvem ...Read More >
India is aggressively expanding its global trade footprint, actively pursuing numerous FTAs across Europe, Asia, and the Middle East. Recent milestones include operationalizing a landmark investment-linked pact with EFTA, accelerating CEPA with the UAE, and advancing talks with the EU, EAEU, and Oman, signaling a strategic push for economic cooperation and influence. India is quietly but steadily positioning itself at the centre of global trade networks. With multiple free trade agreements (FTA ...Read More >
NEW DELHI: Commerce and industry minister Piyush Goyal will visit Doha next week to kick off talks for a bilateral trade agreement, adding another Gulf nation to the bouquet of countries negotiating trade treaties with India. UAE already has a pact with India.Sources said the minister will travel to Singapore as well, an ASEAN member with which India has a Comprehensive Economic Cooperation Agreement (CECA) but is not satisfied with the outcomes. He will also meet European trade commissioner Mar ...Read More >
The Indian Vegetable Oil Producers' Association (IVPA) has called for accelerating the path towards self-sufficiency in edible oil amidst declining imports, policy shifts and evolving free trade agreements. A media statement by IVPA said that India's vegetable oils industry is navigating a critical phase marked by global price volatility in palm and soybean oils, evolving free trade agreements, and domestic policy challenges. While these dynamics present opportunities for strategic sourcing and ...Read More >
New Delhi, Sep 30 (PTI) As the free trade agreement between India and four European nations EFTA will come into effect from Wednesday, several Swiss products like wines, chocolates, apparel, and watches will become cheaper in the domestic market. On the other hand, Indian labour-intensive sectors, such as certain agri goods like tea and coffee, fruits, processed, textiles, marine products, leather, sports goods, toys, and gems and jewellery, will get greater market access in the member countrie ...Read More >
New Delhi, September 30 (IANS): As the India-European Free Trade Association (EEFTA) Trade and Economic Partnership Agreement (TEPA) comes into effect from October 1, the India-EFTA Desk has been inaugurated as a single-window platform to facilitate EFTA investments in renewable energy, life sciences, engineering, and digital transformation, while fostering joint ventures, SME collaborations, and technology partnerships, the government said on Tuesday. The TEPA establishes India's first FTA wit ...Read More >
New Delhi: The free trade agreement between India and the four-nation European bloc EFTA will come into force from Wednesday under which New Delhi has received an investment commitment of $100 billion in 15 years from the grouping while allowing several products such as Swiss watches, chocolates and cut and polished diamonds at lower or zero duties. The European Free Trade Association (EFTA) members are Iceland, Liechtenstein, Norway and Switzerland. It was signed March 10, 2024. Domestic cust ...Read More >
New Delhi, Sep 30 (PTI) The free trade agreement between India and the four-nation European bloc EFTA will come into force from Wednesday under which New Delhi has received an investment commitment of USD 100 billion in 15 years from the grouping while allowing several products such as Swiss watches, chocolates and cut and polished diamonds at lower or zero duties. The European Free Trade Association (EFTA) members are Iceland, Liechtenstein, Norway, and Switzerland. It was signed on March 10, ...Read More >
EU calls on India to move faster on free trade deal after lack of progress in 13th round The latest round of trade negotiations between India and the European Union (EU) was a 'missed opportunity' to break new ground, EU envoy Herve Delphin said on Monday, according to PTI. Both sides met in New Delhi between September 9 and 12 for the 13th round of discussions on the proposed free trade agreement (FTA). But progress was limited, with differences persisting on sensitive issues such as automobi ...Read More >
UPITS 2025, the Uttar Pradesh International Trade Show, has emerged as a game-changer for women entrepreneurs, offering them a platform to gain confidence, secure international deals, and showcase their brands globally. Under the leadership of Chief Minister Yogi Adityanath, the state government has implemented women-centric policies and simplified business procedures, making Uttar Pradesh a hub for trade and investment. Entrepreneurs from cities like Kanpur, Delhi-NCR, and Greater Noida have s ...Read More >
New Delhi [India], September 29 (ANI): The third edition of the Uttar Pradesh International Trade Show 2025 concluded successfully at India Expo Centre in Noida, setting new records in participation and business engagement, said Rakesh Kumar, Chairman of India Expo Centre & Mart, on Monday. "This edition set a record with 2,250 exhibitors from Uttar Pradesh showcasing products across large, medium, small sectors, and ODOP CM youth categories," Kumar told ANI at the sidelines of the event. He sa ...Read More >
Greater Noida (Uttar Pradesh) [India], September 29 (ANI): Commerce and Industry Minister Piyush Goyal has said Uttar Pradesh is becoming a global centre for investment, innovation, and exports. Also Read | Canada Government Declares Bishnoi Gang Led by Gangster Lawrence Bishnoi As Terrorist Organisation. Speaking at the third UP International Trade Show, he said the event is a strong platform for Uttar Pradesh's self-reliance and prosperity. He also said India is holding negotiations for Fre ...Read More >
India's Free Trade Agreement (FTA) with the European Free Trade Association (EFTA) countries -- Switzerland, Liechtenstein, Norway and Iceland -- will officially come into effect from 1 October 2025, Union Minister of Commerce and Industry Piyush Goyal announced on Monday. Speaking at the valedictory session of the UP International Trade Show, Goyal said the deal, which was finalised in March 2024, marks another major step in India's global trade strategy. "Free Trade Agreement (FTA) with the ...Read More >
Greater Noida (Uttar Pradesh) [India], September 29 (ANI): Commerce and Industry Minister Piyush Goyal has said Uttar Pradesh is becoming a global centre for investment, innovation, and exports. Speaking at the third UP International Trade Show, he said the event is a strong platform for Uttar Pradesh's self-reliance and prosperity. He also said India is holding negotiations for Free Trade Agreements (FTA) with several countries of the world, and the country is on the way to becoming the third ...Read More >
Lucknow: Describing Uttar Pradesh as unstoppable, Union minister for commerce and industry Piyush Goyal on Monday said that Uttar Pradesh International Trade Show (UPITS) was a mirror of not only UP's economic, industrial, and cultural capabilities but also speaks for India.Speaking at the closing ceremony of the show, Goyal called upon citizens to use Swadeshi products and promote entrepreneurship. He also asked them to take a collective pledge to achieve the goal of Developed India 2047. Refer ...Read More >
India's Free Trade Agreement (FTA) with the European Free Trade Association (EFTA) countries -- Switzerland, Liechtenstein, Norway and Iceland -- will officially come into effect from 1 October 2025, Union Minister of Commerce and Industry Piyush Goyal announced on Monday. Speaking at the valedictory session of the UP International Trade Show, Goyal said the deal, which was finalised in March 2024, marks another major step in India's global trade strategy. "Free Trade Agreement (FTA) with the ...Read More >
Greater Noida: The third edition of the Uttar Pradesh International Trade Show (UPITS 2025) concluded on Monday with a grand closing ceremony. Union Commerce and Industry Minister Piyush Goyal, the chief guest on the final day, congratulated the Uttar Pradesh government on the event's resounding success. He noted, "UPITS reflects the economic, industrial, and cultural potential not only of the state but of India as a whole." He urged a collective commitment to promote indigenous products, encour ...Read More >
New Delhi: India is negotiating free trade agreements (FTAs) with a number of countries including the US, New Zealand, Oman, Peru, Chile, and the European Union, Commerce and Industry Minister Piyush Goyal said on Monday. He said that Qatar and Bahrain too are keen to negotiate trade pacts with India. In August, India and the Eurasian Economic Union (EAEU) comprising Armenia, Belarus, Kazakhstan, Kyrgyz Republic and Russia signed Terms of Reference (ToR) to launch negotiations on an FTA, he sai ...Read More >
New Delhi [India], September 29 (ANI): Union Minister of Commerce & Industry, Piyush Goyal, said the UP International Trade Show has provided a vital platform for MSMEs, women entrepreneurs, swadeshi products, and export-oriented units. Calling the event a true amalgamation of "vocal for local" and "local goes global," he urged all stakeholders to commit to using swadeshi products and ensure that GST benefits flow directly to consumers, thereby promoting inclusive growth for all, as per a gover ...Read More >
New Delhi, Sep 29: India is in discussions with the US, the EU, New Zealand, Oman, Peru and Chile for free trade agreements (FTAs), while Qatar and Bahrain have also expressed interest, Commerce Minister Piyush Goyal said on Monday. India Already Has FTAs with UAE, Australia, UK The FTA with the EFTA countries (Iceland, Liechtenstein, Norway, and Switzerland), which was finalised in March 2024, will come into effect from October 1, Goyal added. The minister informed that the developed nations ...Read More >
India is negotiating free trade agreements (FTAs) with a number of countries including the U.S., New Zealand, Oman, Peru, Chile, and the European Union, Commerce and Industry Minister Piyush Goyal said on Monday (September 29, 2025). He said that Qatar and Bahrain too are keen to negotiate trade pacts with India. In August, India and the Eurasian Economic Union (EAEU) comprising Armenia, Belarus, Kazakhstan, Kyrgyz Republic and Russia signed Terms of Reference (ToR) to launch negotiations on a ...Read More >
NEW DELHI, Sept 26 (Reuters) - Taiwan is seeking to double its exports of chips and electronics to India over the next five to seven years as smartphone shipments from the country ramp up thanks to demand from the U.S., the head of the island's main trade body said. India's smartphone exports to the U.S., which are currently exempt from elevated tariffs, jumped nearly 40% from a year earlier to $8.43 billion in the first five months of the fiscal year that started in April, according to industr ...Read More >
New Delhi [India], September 27 (ANI): Union Minister of Commerce and Industry Piyush Goyal on Friday met Russia's Deputy Prime Minister Dmitry Patrushev to discuss ways to strengthen bilateral economic and trade ties between the two countries. Goyal, in a post on X, said, "Had a fruitful discussion with the delegation led by Russia's Deputy Prime Minister, H.E. Dmitry Patrushev. We are committed to deepening the India-Russia partnership and exploring new avenues for collaboration in trade, ser ...Read More >
New Delhi [India], September 27 (ANI): Union Minister of Commerce and Industry Piyush Goyal on Friday met Russia's Deputy Prime Minister Dmitry Patrushev to discuss ways to strengthen bilateral economic and trade ties between the two countries. Goyal, in a post on X, said, "Had a fruitful discussion with the delegation led by Russia's Deputy Prime Minister, H.E. Dmitry Patrushev. We are committed to deepening the India-Russia partnership and exploring new avenues for collaboration in trade, ser ...Read More >
More than two in five multinational companies (MNCs) are planning to increase their trade and manufacturing operations in India, according to a recent report, "Future of Trade: Resilience" by Standard Chartered. The bank attributes this interest to India's status as "the world's most populous market and one of the fastest-growing large economies," highlighting the country's appeal to global businesses. The report underscores India's growing prominence as a hub for multinational investment, driv ...Read More >
New Delhi, Sep 26 (PTI) The ties between India and Sri Lanka have reached a point of "unprecedented excellence" since President Anura Kumara Dissanayake's visit to India and Prime Minister Narendra Modi's visit to Sri Lanka, the island nation's envoy Mahishini Colonne said on Friday. Interacting with PTI Videos on the sidelines of an event here, she said Sri Lanka is on the "path of recovery", the economy has been stabilised, and necessary structural reforms have been brought in to sustain it. ...Read More >
New Delhi [India], September 26 (ANI): The Chairman of the Taiwan External Trade Development Council (TAITRA), James Chih-Fang Huang, expressed optimism about a prospective Free Trade Agreement (FTA) between India and Taiwan, stating that it would significantly boost Taiwanese investments and business partnerships in the country. Speaking to ANI on Thursday during the Taiwan Expo 2025 trade show at Bharat Mandapam, Huang highlighted India's pivotal role in Taiwan's export strategy. He stated t ...Read More >
Panaji, Sep 26 (PTI) Former ambassador V S Seshadri has said unpredictability in tariff policies and unilateral measures by the United States coupled with China's "bid for economic supremacy and technological dominance" as well as widening geopolitical rifts have created turbulence in the global trading system. Delivering a lecture on 'International Trade Law: Challenges and Outlook' at the India International University of Legal Education and Research (IIULER) here on Thursday, he said these d ...Read More >
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