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Commerce Minister Piyush Goyal and his Chinese counterpart, Wang Wentao, have met on the sidelines of a WTO event India and China have held talks aimed at expanding bilateral trade, on the sidelines of the World Trade Organization's ministerial conference, Commerce Minister Piyush Goyal has said. The talks between Commerce Minister Piyush Goyal and his Chinese counterpart, Wang Wentao, come amid a thaw in trade tensions "Met Mr. Wang Wentao, Minister of Commerce of China, on the sidelines of ...Read More >
The India-Australia Economic Cooperation and Trade Agreement (Ind-Aus ECTA) completes four years since its signing today, marking an important milestone in the evolving economic partnership between India and Australia, stated the Ministry of Commerce & Industry. Since its signing on April 2 2022, the Agreement has played a pivotal role in enhancing trade flows, fostering industry linkages, and creating new opportunities for businesses, entrepreneurs, and employment in both countries. Trade grow ...Read More >
New Delhi: India is looking at preferential market access for its products in the US, commerce and industry minister Piyush Goyal said on Thursday, adding that the country's trade pact with the US is the 'best' as compared to its competitor countries. "Our relations are very robust. We have a deep strategic partnership on several aspects- technology, defence, trade and investments, and our approach is that India should get preferential market access," Goyal told reporters here as one year elaps ...Read More >
New Delhi, Apr 2 (UNI) The India-Australia Economic Cooperation and Trade Agreement (Ind-Aus ECTA) has emerged as a key pillar of bilateral engagement, delivering tangible benefits for businesses, MSMEs, workers, and consumers in both countries, according to a Ministry of Commerce statement here on Thursday. Marking four years since its signing today, this pact is an important milestone in the evolving economic partnership between India and Australia. Since the beginning of the Ind-Aus ECTA in ...Read More >
New Delhi [India], April 2 (ANI): Union Commerce and Industry Minister Piyush Goyal on Thursday asserted that India is pushing for "preferential access" and the "best possible deal" in its ongoing trade engagement with the United States, underlining that the country is currently in a "very sweet spot" among emerging economies. "Our approach is that India should get preferential access, market access and, having got the best deal compared to any of our competitors or any other emerging or develo ...Read More >
New Delhi: India and the European Union announced Tuesday the "mother of all deals", a huge trade pact to create a market of two billion people, reached after two decades of negotiations. EU chiefs and Prime Minister Narendra Modi hope the pact will help shield against challenges from the world's two leading economies, the United States and China. The agreement will cut or eliminate tariffs on almost 97 percent of European exports, saving up to 4 billion euros ($4.75 billion) annually in dutie ...Read More >
India and the European Union are advancing free trade agreement negotiations. Key tariff issues are seeing good progress. An EU delegation will visit New Delhi soon to finalize technical tariff discussions. Both sides aim for a robust and balanced agreement. This pact is expected to bring the economies closer and foster mutual benefits. Commerce and industry minister Piyush Goyal Tuesday said his talks with the EU have "significantly reduced our outstanding issues" and laid the foundation for a ...Read More >
New Delhi: India on Monday flagged serious concerns over increasingly "constricted" energy trade, selective application of norms and market access issues, in remarks that came against the backdrop of its frosty ties with the US over its procurement of Russian crude oil. In an address at the East Asia Summit in Kuala Lumpur, External Affairs Minister S Jaishankar also said that the world must adopt a policy of "zero tolerance" towards terrorism as the right of defence against the menace can neve ...Read More >
NEW DELHI: India on Monday flagged serious concerns over increasingly "constricted" energy trade, selective application of norms and market access issues, in remarks that came against the backdrop of its frosty ties with the US over its procurement of Russian crude oil. In an address at the East Asia Summit in Kuala Lumpur, External Affairs Minister S Jaishankar also said that the world must adopt a policy of "zero tolerance" towards terrorism as the right of defence against the menace can neve ...Read More >
NEW DELHI, Oct 26: Commerce Minister Piyush Goyal will visit Brussels on October 27-28 to advance India-EU Free Trade Agreement (FTA) negotiations, meeting EU Trade Commissioner Maros Sefcovic. The visit aims to provide political impetus and strategic guidance as both sides work to conclude a comprehensive trade pact by December. Talks will focus on market access, non-tariff measures, regulatory cooperation, and areas needing convergence. This follows the 14th round of negotiations and prior d ...Read More >
India and the EU will discuss key areas of the proposed free trade agreement (FTA) including market access, non-tariff measures and regulatory cooperation, during commerce and industry minister Piyush Goyal's visit to Brussels on October 27-28. Goyal will hold high-level discussions with Maroš Šefčovič, Executive Vice-President and European Commissioner for Trade of the EU. "The visit will also serve to review progress achieved so far and to identify areas requiring further convergence," the ...Read More >
New Delhi, Oct 19 (SocialNews.XYZ) Minister of Commerce and Industry Piyush Goyal on Sunday listed the Trade and Economic Partnership Agreement (TEPA) between India and the European Free Trade Association (EFTA) which has now come into force, and his meeting with UK Prime Minister Keir Starmer in Mumbai to advance the India-UK trade and investment partnership as major highlights of his ministry in the last fortnight. "The Trade and Economic Partnership Agreement (TEPA) between India and the EFT ...Read More >
Martin Saladin, Head of Promotion Activities Directorate at State Secretariat for Economic Affairs Martin Saladin, Head of the Promotion Activities Directorate at the State Secretariat for Economic Affairs, SECO, the Swiss government, on Wednesday said that Switzerland is shifting its focus towards India as a strategic economic partner amid the US trade tariffs. On US tariffs, Saladin said, "This is a concern. Obviously, Switzerland has also very high tariffs at the moment with 39 per cent. Th ...Read More >
New Delhi: A team of senior officials from India will visit the US this week for trade talks, and negotiations on the proposed bilateral trade agreement are progressing well, a top official said Monday. In February this year, leaders of the two countries directed officials to negotiate a proposed Bilateral Trade Agreement (BTA). It was planned to conclude the first tranche of the pact by the fall (October-November) of 2025. So far, five rounds of negotiations have been completed. "The Indian ...Read More >
New Delhi [India] October 15 (ANI): After the 14th round of Free Trade Agreement (FTA) negotiations, India-EU FTA negotiations have entered an advanced stage, as both sides intensify discussions to resolve key issues and accelerate the agreement's conclusion.According to the Commerce Ministry, India's trade diplomacy is gaining momentum, with other countries also following suit. India is negotiating multiple bilateral trade deals, including those with the UK, Australia, the US, Korea, and others ...Read More >
Mumbai (Maharashtra) [India], October 9 (ANI): Prime Minister Narendra Modi on Thursday expressed confidence that India and the United Kingdom will double bilateral trade from the existing approximately USD 56 billion before the mutually set target of 2030. Addressing the India-UK CEO Forum, PM Modi said the Comprehensive Economic and Trade Agreement (CETA) between the two countries is not just a trade agreement, but a roadmap for shared progress and shared prosperity between the world's two la ...Read More >
Indian and EU officials will commence their 14th round of free trade agreement talks in Brussels on Monday, aiming to resolve differences and conclude negotiations by December. Commerce Minister Piyush Goyal is hopeful for an early agreement, which seeks to boost bilateral commerce and investments. Senior officials of India and the 27-nation European Union (EU) will commence the next round of talks for a proposed free trade agreement on Monday in Brussels to iron out differences on issues for e ...Read More >
NEW DELHI, Sept 30 (Reuters) - India's trade pact with four European nations, including Switzerland and Norway, will take effect from Wednesday, boosting exports of textiles, leather and food products while attracting investments, a government statement said. Under the Trade and Economic Partnership Agreement, opens new tab, signed last March after nearly 16 years of negotiations, the European Free Trade Association - comprising Switzerland, Norway, Iceland and Liechtenstein - will cut tariffs ...Read More >
Lucknow: Senior Samajwadi Party leader and former minister Gayatri Prajapati was attacked by a fellow inmate inside Lucknow Jail on Tuesday. The scuffle took place within the jail premises, after which prison authorities launched an internal inquiry. According to a statement issued by Dr Ramdhani, DIG Prisons, Lucknow Range, the incident occurred after Prajapati allegedly used abusive language towards another inmate, Vishwas Rajput. In response, Vishwas attacked Prajapati using a sharp object i ...Read More >
New Delhi, Oct 1 (PTI) The free trade agreement between India and the four-nation European bloc EFTA came into force on Wednesday, under which the country has received an investment commitment of USD 100 billion over 15 years, while lowering or removing duties on products like Swiss watches and chocolates. The European Free Trade Association (EFTA) members are Iceland, Liechtenstein, Norway, and Switzerland. It was signed on March 10, 2024. Commerce and Industry Minister Piyush Goyal said the ...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 [India], September 29 (ANI): The Directorate General of Foreign Trade (DGFT), Regional Authority Delhi, under the Ministry of Commerce & Industry, hosted an outreach programme on the recently concluded India-UK Comprehensive Economic and Trade Agreement (CETA) at Bharat Mandapam, New Delhi. According to a press release, the event brought together senior government officials, diplomats, Export Promotion Councils (EPCs), industry leaders, and trade associations to discuss the transforma ...Read More >
New Delhi [India], September 29 (ANI): The Directorate General of Foreign Trade (DGFT), Regional Authority Delhi, under the Ministry of Commerce & Industry, hosted an outreach programme on the recently concluded India-UK Comprehensive Economic and Trade Agreement (CETA) at Bharat Mandapam, New Delhi. According to a press release, the event brought together senior government officials, diplomats, Export Promotion Councils (EPCs), industry leaders, and trade associations to discuss the transforma ...Read More >
NEW DELHI, Sept 12 (Reuters) - Trade talks between India and the European Union have entered a crucial phase and negotiators are working intensively to meet a year-end deadline for signing the free trade pact, a top European Union Official said on Tuesday. The EU is India's biggest trading partner in goods, with bilateral trade hitting $137.5 billion in the 2023/24 fiscal year, up nearly 90% over the past decade. "We are now maximising our efforts to finalise negotiations by the end of the yea ...Read More >
NEW DELHI - Trade talks between India and the European Union have entered a crucial phase and negotiators are working intensively to meet a year-end deadline for signing the free trade pact, a top European Union Official said on Tuesday. The EU is India's biggest trading partner in goods, with bilateral trade hitting $137.5 billion in the 2023/24 fiscal year, up nearly 90% over the past decade. "We are now maximising our efforts to finalise negotiations by the end of the year," Maros Sefcovic, ...Read More >
India and the EU are set to continue FTA negotiations in September, following the 12th round in Brussels where both sides exchanged offers on services. Discussions also covered market access for goods. Aiming to finalize the trade deal by year-end, the EU seeks duty cuts in automobiles and a strong IP regime, while India anticipates enhanced competitiveness for its exports. India and the European Union (EU) will hold the next round of negotiations on the proposed free trade agreement (FTA) in S ...Read More >
New Delhi: India is well-positioned to benefit from a global realignment in trade and investment flows driven by shifting tariff regimes, and could outpace several Asia-Pacific (APAC) peers, Moody's Ratings said on Thursday. As multinationals reassess supply chains amid rising protectionism and evolving trade policies, India's relative tariff advantage may strengthen its appeal as an emerging global manufacturing hub, Moody's noted in its latest Sovereigns - Asia-Pacific Outlook. "India may be ...Read More >
India and the US are in crucial trade talks. New Delhi is firm on its stance regarding market access in agriculture. This includes GM crops and dairy. India hopes for a deal before July 9. After July 9, reciprocal tariffs from the US will take effect. India will not compromise the interests of its farmers.The India-US trade pact talks are at a crucial stage with New Delhi sticking to the red line on the issue of market access in agriculture, genetically modified (GM) crops, and dairy, people pri ...Read More >
India and the US are currently engaged in negotiations for a bilateral trade agreement (BTA), aiming for a swift and mutually advantageous initial phase. Discussions focus on enhancing market access by lowering tariffs and trade barriers, alongside strengthening supply chain integration.The proposed trade agreement between India and the US would provide greater market access for goods by reducing tariffs, cutting trade barriers, and improving supply chain integration, an official said on Friday. ...Read More >
NEW DELHI, June 5 (Reuters) - Indian and U.S. are holding high-level talks this week, aiming to finalise tariff cuts in sectors such as farm and automobiles as part of an interim deal, two government sources said, with an announcement likely later this month. A U.S. delegation led by senior officials from the Office of the United States Trade Representative (USTR) began closed-door, two-day discussions in New Delhi on Thursday with Indian trade officials headed by chief negotiator Rajesh Agrawa ...Read More >
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