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Higher US tariffs on key trading partners like China, Canada and Mexico could hand Indian exporters a significant competitive edge, especially in sectors like pharmaceuticals, textiles and electronics, according to a new report by NITI Aayog. In the latest edition of its Trade Watch Quarterly, the government think tank said that "India is expected to gain competitiveness in 22 out of the top 30 categories (HS 2 level), representing a market size of USD 2,285.2 billion." These gains, it said, s ...Read More >
India and New Zealand have resumed negotiations after a decade for a free trade agreement. The talks face challenges due to tariff disparities and demands in sectors like dairy from New Zealand. Trade and services between the two nations include varied goods and sectors such as IT and education. India and New Zealand have commenced their second round of negotiations for a much-anticipated free trade agreement, aimed at enhancing bilateral commerce and investments. The ongoing discussions, expec ...Read More >
Commerce Secretary Sunil Barthwal announced that India is actively engaged in trade agreement negotiations with the EU and the US, following the recent FTA with the UK. These modern FTAs aim to promote global capability centers in India by addressing complex issues like harmonizing regulations, resolving disputes, and fostering innovation, potentially concluding by the end of the year. Negotiations for proposed trade agreements with the European Union (EU) and the US are going on, Commerce Secr ...Read More >
New Delhi: Negotiations with the US are going at a "very fast pace and in the spirit of mutual cooperation" to come out with a win-win trade complementing agreement, commerce and industry minister Piyush Goyal said Monday. His statement came amid Indian trade negotiators reaching Washington for another round of talks on the proposed bilateral trade agreement (BTA), which will begin Monday, an official said. The four-day talks are likely to be held on all 19 chapters of the trade pact. Speaking ...Read More >
Mumbai, Jul 14: The rupee depreciated 12 paise to close at 85.92 against the US dollar on Monday due to a rise in global crude oil prices and a strengthening greenback against major currencies overseas. Foreign fund outflows and a delay in any breakthrough in the India-US trade deal further pressured the local unit, according to forex traders. At the interbank foreign exchange, the local unit opened at 85.96 and traded in a narrow range of 85.92-86.05 before settling at 85.92, down 12 paise fr ...Read More >
New Delhi, Jul 14 (PTI) An Indian commerce ministry team has reached Washington for another round of talks from Monday on the proposed bilateral trade agreement (BTA), an official said. Chief negotiator of India and special secretary in the Department of Commerce, Rajesh Agrawal, will join the team on Wednesday. Also Read | Maharashtra Govt To Invoke MCOCA Against Drug Dealers and Peddlers, Says CM Devendra Fadnavis. The four-day talks start on Monday and will end on Thursday. India's deputy ...Read More >
New Delhi [India], July 14 (ANI): Union Minister of Commerce and Industry Piyush Goyal on Monday said that India-US trade negotiations are going on, to come up with a win-win agreement for both nations. Speaking to reporters, Piyush Goyal said, 'Negotiations are going on at a very fast pace and in the spirit of mutual cooperation so that we can come out with a win-win trade complementing agreement with the United States.' Goyal's statement comes in the backdrop of talks with the US to finalise ...Read More >
New Delhi, Jul 14 (PTI) The negotiations between India and the US for a proposed trade agreement are going at a fast pace, Commerce and Industry Minister Piyush Goyal said on Monday. The Indian team has reached Washington for the next round of talks on the first tranche of the bilateral trade agreement. Also Read | Prime Minister Narendra Modi Condoles Demise of Kota Srinivasa Rao Garu, Remembers Actor-Politician's 'Cinematic Brilliance' and 'Social Service' (See Post). "Negotiations are goin ...Read More >
New Delhi, Jul 14 (PTI) The negotiations between India and the US for a proposed trade agreement are going at a fast pace, Commerce and Industry Minister Piyush Goyal said on Monday. The Indian team has reached Washington for the next round of talks on the first tranche of the bilateral trade agreement. "Negotiations are going on at a very fast pace and in the spirit of mutual cooperation so that we can come out with a win-win trade complementing agreement with the United States," Goyal told r ...Read More >
New Delhi: The India-UK free trade agreement will feature a dedicated chapter on innovation, commerce secretary Sunil Barthwal said on Monday, marking a shift in India's trade strategy towards deeper technological and research partnerships. The pact is in its final stages, with both sides subjecting the chapters to legal scrutiny. "This is for the first time that a chapter on innovation is being added in an FTA. A working group will be set up to advance cooperation in this area," Barthwal said ...Read More >
New Delhi [India], July 14 (ANI): Union Minister of Commerce and Industry Piyush Goyal on Monday said that India-US trade negotiations are going on, to come up with a win-win agreement for both nations. Speaking to reporters, Piyush Goyal said, Negotiations are going on at a very fast pace and in the spirit of mutual cooperation so that we can come out with a win-win trade complementing agreement with the United States. Goyal statement comes in the backdrop of talks with the US to finalise a B ...Read More >
New Delhi [India], July 14 (ANI): Union Minister of Commerce and Industry Piyush Goyal on Monday said that India-US trade negotiations are going on, to come up with a win-win agreement for both nations. Speaking to reporters, Piyush Goyal said, "Negotiations are going on at a very fast pace and in the spirit of mutual cooperation so that we can come out with a win-win trade complementing agreement with the United States." Also Read | Double Murder Shocks Delhi: 2 Best Friends Die After Stabbin ...Read More >
New Delhi [India], July 14 (ANI): India is making concrete progress toward finalising a Bilateral Trade Agreement (BTA) with the United States, with both countries committed to following the path outlined by their respective leaders, a senior government official said on Monday. Speaking on the ongoing trade negotiations, the official emphasised that India is 'moving in terms of a BTA' and actively 'looking at a mutually beneficial deal' that would serve the interests of both nations. The offic ...Read More >
New Delhi: The government on Monday said that talks for proposed trade agreements with the European Union (EU) and the US are still in the discussion stage. India and the US are negotiating a bilateral trade agreement (BTA) and they are aiming to conclude the first phase of the pact by fall (September-October) of this year. Similarly, India and the EU are also negotiating free trade agreements (FTA). "The FTAs, which India is doing, are one of the key enablers to promote global capability centr ...Read More >
New Delhi: An Indian commerce ministry team has reached Washington for another round of talks on the proposed bilateral trade agreement (BTA), which will begin on Monday, an official said. Chief negotiator of India and special secretary in the department of commerce Rajesh Agrawal will join the team on Wednesday. The four-day talks will end on Thursday. India's deputy chief negotiator for the proposed BTA has reached Washington for the talks on the first phase of the BTA, the official said. The ...Read More >
New Delhi: An Indian commerce ministry team has reached Washington for another round of talks on the proposed bilateral trade agreement (BTA), which will begin on Monday, an official said. Chief negotiator of India and special secretary in the department of commerce Rajesh Agrawal will join the team on Wednesday. The four-day talks will end on Thursday. India's deputy chief negotiator for the proposed BTA has reached Washington for the talks on the first phase of the BTA, the official said. ...Read More >
New Delhi [India], July 14 (ANI): India must stay firm and avoid trading away its core sectors, especially agriculture, despite increasing pressure from the United States under President Donald Trump's administration, according to a report by the Global Trade Research Initiative (GTRI). The report warned that entering into a trade agreement under duress could lead to 'irreversible consequences,' particularly when such deals may not survive a change in the US political landscape. 'India should ...Read More >
New Delhi [India], July 14 (ANI): India must stay firm and avoid trading away its core sectors, especially agriculture, despite increasing pressure from the United States under President Donald Trump administration, according to a report by the Global Trade Research Initiative (GTRI). The report warned that entering into a trade agreement under duress could lead to irreversible consequences, particularly when such deals may not survive a change in the US political landscape. India should stay ...Read More >
Economic think tank GTRI (Global Trade Research Initiative) says India must recognise that it is not alone in facing US pressure India should avoid rushing into a trade deal with the US that compromises core sectors like agriculture, experts on Sunday said, cautioning that Washington is not sparing even its key partners like the EU. The US has shot off letters to 24 countries and the European Union (EU) imposing tariffs that are as high as 50 per cent on Brazil. On its key trading partners lik ...Read More >
Mumbai: The rupee depreciated 19 paise to 85.89 against the US dollar in early trade on Friday, after Trump announced 35 per cent tariffs on Canada from next month, denting investor sentiments. At the interbank foreign exchange, the rupee opened at 85.76 against the dollar, then touched an early low of 85.89, down 19 paise from its previous close. On Thursday, the rupee pared initial gains and settled for the day higher by 3 paise at 85.70 against the US dollar. Trump on Thursday announced a ...Read More >
CHENNAI: Marumalarchi Dravida Munnetra Kazhagam (MDMK) Secretary Durai Vaiko on Thursday regretted the incident at his party's event in Sathur on Wednesday, where MDMK cadres allegedly assaulted journalists. Durai Vaiko, the son of MDMK General Secretary Vaiko, stated that his party firmly believes that for democracy to thrive, freedom of the press must be upheld and protected. "Yesterday evening, a gathering of MDMK cadre from the Nellai Zone was held in Sattur. Over 3,000 people had gathered ...Read More >
NEW DELHI: With the Trump administration's deadline for imposing higher import tariffs on its trading partners shifted to August 1, Indian trade negotiators are likely to visit the US again to iron out the differences and seal a deal, government sources said. India was expecting to sign an interim trade deal with the US ahead of the earlier deadline of July 9 but could not, due to differences over tariff rates on agriculture, dairy, and automobiles. The government decided to send the trade neg ...Read More >
Mumbai, Jul 10: The rupee pared initial gains and settled for the day higher by 3 paise at 85.70 against the US dollar on Thursday, supported by US-India trade deal optimism, even as domestic equity markets were closed in the negative territory. Forex traders said the Indian rupee ended the day in green against the US dollar amid firm expectations that India and the US will reach a deal soon. At the interbank foreign exchange, the rupee opened on a positive note at 85.62 against the US dollar, ...Read More >
New Delhi: In order to sort out issues involved in the 'disagreements' between India and the United States over duties for auto components, steel, pharma and farm goods among others, the Indian team is expected to further visit Washington soon for trade talks. A delegation of senior officials has been assigned for this crucial visit. Though the visit dates have not yet been finalised, the team is likely to join the US team in a week or two, an official source said on Thursday. India is among th ...Read More >
Mumbai, Jul 10 (PTI) The rupee pared initial gains and settled for the day higher by 3 paise at 85.70 against the US dollar on Thursday, supported by US-India trade deal optimism, even as domestic equity markets were closed in the negative territory. Forex traders said the Indian rupee ended the day in green against the US dollar amid firm expectations that India and the US will reach a deal soon. At the interbank foreign exchange, the rupee opened on a positive note at 85.62 against the US do ...Read More >
New Delhi: In order to sort out issues involved in the 'disagreements' between India and the United States over duties for auto components, steel, pharma and farm goods, among others, the Indian team is expected to further visit Washington soon for trade talks. A delegation of senior officials has been assigned for this crucial visit. Though the visit dates have not yet been finalised, the team is likely to join the US team in a week or two, an official source said on Thursday. India is among t ...Read More >
Mumbai, Jul 10 (PTI) The rupee pared initial gains and settled for the day higher by 4 paise at 85.69 (provisional) against the US dollar on Thursday, supported by US-India trade deal optimism, even as domestic equity markets were closed in the negative territory. Forex traders said the Indian rupee ended the day in green against the US dollar amid firm expectations that India and the US will reach a deal soon. At the interbank foreign exchange, the rupee opened on a positive note at 85.62 aga ...Read More >
NEW DELHI, Jul 10: An Indian commerce ministry team will soon visit Washington for another round of talks on the proposed trade agreement with the US to iron out differences in sectors, like agriculture and automobiles, a government official said on Thursday. "We are not differentiating between an interim or the first phase of the bilateral trade agreement. We are negotiating a complete deal. Whatever will be finished, we can package it as an interim deal and for the rest, talks will continue," ...Read More >
New Delhi: An Indian commerce ministry team will soon visit Washington for another round of talks on the proposed trade agreement with the US to iron out differences in sectors, like agriculture and automobiles, a government official said Thursday. "We are not differentiating between an interim or the first phase of the bilateral trade agreement. We are negotiating a complete deal. Whatever will be finished, we can package it as an interim deal and for the rest, talks will continue," the offici ...Read More >
New Delhi, July 10 (SocialNews.XYZ) Commerce Minister Piyush Goyal on Thursday said he had a productive meeting with Tzafrul Aziz, Malaysian Minister of Investment, Trade and Industry, during which he discussed the ongoing review of the ASEAN-India Trade in Goods Agreement (AITIGA). "Looking forward to fast-tracking discussions with ASEAN member states to ensure fair trade and balanced growth," Piyush Goyal said in a post on X. "We also held discussions on the Comprehensive Economic Cooperatio ...Read More >
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