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New Delhi [India], April 9 (ANI): The US Embassy in India on Thursday posted a quote wherein US Vice President JD Vance had said that India and the US have much to offer one another. The Embassy quoted Vance as saying that India has the most exciting start-up technology in the world. In a post on X, the Embassy said, ""India and the United States have so much to offer one another. We've got great hardware -- the leading artificial intelligence hardware in the world. You have one of the most ex ...Read More >
US envoy to India Sergio Gor met US Commerce Secretary Howard Lutnick on Tuesday. US envoy to India Sergio Gor met US Commerce Secretary Howard Lutnick and discussed the commercial roadmap for the two countries and the opening up of a market of 1.4 billion people for American products. In a social media post, Gor said he discussed with Lutnick a new Memorandum of Understanding that seeks to connect India's AI scale with the American AI ecosystem and also strong participation from New Delhi in ...Read More >
U.S. envoy to India Sergio Gor met U.S. Commerce Secretary Howard Lutnick here and discussed the commercial roadmap for the two countries and the opening up of a market of 1.4 billion people for American products. In a social media post, Mr. Gor said he discussed with Mr. Lutnick a new Memorandum of Understanding that seeks to connect India's AI scale with the American AI ecosystem and also strong participation from New Delhi in the upcoming SelectUSA Summit near here. "Productive meeting with ...Read More >
Hyderabad, April 4 (RAHNUMA): The Government of India reaffirmed strong support for the pharmaceutical sector at a high-level Chintan Shivir organized by the Department of Commerce and Pharmexcil. The inaugural session was chaired by Rajesh Agrawal, Secretary, Department of Commerce. Senior officials including the Chairman of Pharmexcil and Joint Secretary from the Department of Pharmaceuticals addressed the gathering. The Commerce Secretary, in his address, highlighted the strong growth traje ...Read More >
Hyderabad: The Chintan Shivir on the Pharmaceutical Sector, organized by the Pharmaceutical Export Promotion Council of India (PHARMEXCIL), with the support of the Ministry of Commerce & Industry, Government of India, concluded successfully today in Hyderabad. This event marked the continuation of the series of discussions, following successful editions in Chandigarh and Ahmedabad, and served as a platform for strengthening India's pharmaceutical export agenda. The inaugural session, chaired by ...Read More >
Striking a cautiously optimistic note, a senior official in the Commerce Ministry and representatives of the Pharmaceuticals Export Promotion Council of India on Saturday said FY26 pharma exports are expected to remain in the positive zone notwithstanding the West Asia war's impact on the March performance. For the 11 months upto February, the exports were nearly $28.29 billion as against the $26.79 billion in the corresponding period of previous fiscal. "We have already achieved 5.6% growth up ...Read More >
New Delhi: The government is working to ensure minimal disruption to supply chains amid global uncertainties, while remaining prepared for a potential dip in exports and imports, Commerce Secretary Rajesh Agrawal said on Saturday. Addressing the press conference on the sidelines of a 'Chintan Shivir' session in Hyderabad, Agrawal told the media that the initiative aims to bring together government and industry stakeholders to identify challenges and chart a clear roadmap. The official also sta ...Read More >
New Delhi [India], April 4 (ANI): India's exports may have faced challenges in March due to external factors, but the government will have clearer data on the overall impact once official numbers are released later this month, Commerce Secretary Rajesh Agrawal said. Speaking about the country's export performance, Agrawal said that March saw certain difficulties due to global developments. "In March, there have been challenges because of different externalities, all of which you are aware of," ...Read More >
New Delhi, Apr 4 (PTI) Commerce Secretary Rajesh Agrawal on Saturday asked the pharmaceutical industry to reduce its dependence on critical imported raw materials and diversify export supply chains to better navigate global uncertainties. Addressing an event in Hyderabad on the sector, he said while India exports to around 200 countries, there remains significant scope for expansion and resilience-building through a stronger market presence. Emphasising the need to navigate an increasingly unc ...Read More >
New Delhi, Apr 2 (PTI) The India-UK free trade agreement (FTA), signed in July last year, is likely to come into force in the next 30-45 days, Commerce and Industry Minister Piyush Goyal said on Thursday. Goyal held a bilateral meeting with Peter Kyle, UK's Secretary of State for Business and Trade, on the sidelines of the 14th ministerial conference of the World Trade Organisation (WTO) last month in Cameroon. "The United Kingdom is also very pleased at the speed with which the India-UK Free ...Read More >
India's exports to the US in November rose 22% on-year to $6.98 billion, despite the 50% tariff that Washington levies on imports from India since August. This is faster than the 19.38% growth in India's total outbound shipments in November and 2.62% in April-November. New Delhi: Led by engineering goods, chemicals and farm products, India's merchandise exports to the US rose 11.38% on-year in April-November FY26 at $59.04 billion, reflecting strong momentum in India-US trade ties, data release ...Read More >
New Delhi: Union Commerce Secretary Rajesh Agrawal said on Monday that India is "very close" to concluding an interim trade deal with the US to bring down tariffs but stopped short of fixing any timeline on the issue. "We are very close on closing the initial framework deal, but I don't want to put a timeline to it," the Commerce Secretary told journalists here. "We have done six rounds of talks with the US, where we have discussed both the BTA (bilateral trade agreement) as well as an interim ...Read More >
Mumbai, Dec 15 (PTI) The rupee on Monday crashed to its lowest-ever level of 90.80 before settling at a new all-time low of 90.78 against the US dollar, registering a loss of 29 paise over its previous close, weighed down by uncertainty over an India-US trade deal and persistent foreign fund outflows. Forex traders said prevailing risk-averse market sentiment, compounded by strong US dollar demand from importers, further dented investor sentiment. At the interbank foreign exchange, the rupee o ...Read More >
Merchandise exports for November 2025 stood at USD 38.13 billion, while imports were estimated at USD 62.66 billion. New Delhi: India's merchandise trade deficit registered a sharp decline to USD 24.53 billion in November from USD 41.68 billion in October despite the uncertainties in the global market triggered by the US tariff turmoil, data released by the Commerce Ministry on Monday showed. Merchandise exports for November 2025 stood at USD 38.13 billion, while imports were estimated at USD ...Read More >
New Delhi, Nov 17 (SocialNews.XYZ) India and the US are "nearing closure" of their talks for signing the first tranche of the proposed Bilateral Trade Agreement (BTA), Commerce Secretary Rajesh Agrawal indicated on Monday. Agrawal told journalists that the two countries have been holding regular virtual rounds of talks on the BTA. Although no formal deadlines can be set on the issue, the first stage of the trade talks is progressing swiftly, he added. US President Donald Trump sent positive si ...Read More >
New Delhi, Nov 7 (SocialNews.XYZ) India and the European Union (EU) had a week-long discussion as part of the ongoing effort for a comprehensive and balanced trade agreement, the Ministry of Commerce and Industry said on Friday. A team of negotiators from the EU visited India to have a comprehensive discussion on the proposed free-trade agreement (FTA). "A senior team of negotiators from the European Union (EU) visited New Delhi from November 3 to 7, 2025, for negotiations with Indian counterp ...Read More >
New Delhi [India], November 7 (ANI): India and the European Union (EU) made significant progress in the ongoing Free Trade Agreement (FTA) negotiations during a week-long round of discussions held in the national capital, according to an official release on Friday. According to a release issued by the Ministry of Commerce and Industry, the negotiations took place from November 3 to November 7, with a senior EU negotiating team visiting India to engage with their Indian counterparts in advancing ...Read More >
New Delhi, Nov 7 (SocialNews.XYZ) India and the European Union (EU) had a week-long discussion as part of the ongoing effort for a comprehensive and balanced trade agreement, the Ministry of Commerce and Industry said on Friday. A team of negotiators from the EU visited India to have a comprehensive discussion on the proposed free-trade agreement (FTA). "A senior team of negotiators from the European Union (EU) visited New Delhi from November 3 to 7, 2025, for negotiations with Indian counterp ...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 >
Gina Raimondo slams Trump's 'America alone' policy, says US 'making a big mistake with India' Former US Commerce Secretary Gina Raimondo has criticised the Trump administration over its diplomatic approach toward India and international relations, saying the government's current policies are harming America's position on the world stage. Raimondo mentioned that "We are making a big mistake with India" while speaking at an online event organised by the Harvard Kennedy School last week. During ...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 >
'As far as the contentious issues such as agriculture are concerned, we are finding some common ground.' Photograph: Dado Ruvic/Illustration/File Photo/Reuters India and the United States are "very close" to a trade deal, with both sides beginning to work on the proposed agreement's legalese. After the conclusion of the previous round of talks in Washington last week, both sides are seeing convergence on most issues, a senior government official said, signalling that the long-pending deal cou ...Read More >
NEW DELHI: Indian Prime Minister Narendra Modi may be a no-show at the Oct 26-28 Asean summit, but progress in the review of the Asean-India Trade in Goods Agreement could lead to a much-needed boost in trade after negotiations hit a rough patch earlier in 2025. External Affairs Minister S. Jaishankar will represent India at the East Asia Summit in Kuala Lumpur, while Modi is on the campaign trail in Bihar state ahead of elections. But the Prime Minister, underlining the importance attached to ...Read More >
India-US Trade Deal: Commerce and Industry Minister Piyush Goyal, in a strong message to US, said on Friday India does not do trade agreements in hurry or with a "gun to our head". He said India is actively negotiating trade pacts with countries and regions, including the European Union (EU) and the US. Notably, India and the US have been negotiating a trade deal, amid US President Donald Trump's continues warnings and tariff wars. He imposed 50 per cent tariff on India for buying Russian oil. ...Read More >
New Delhi: The US Presidential Office has released a list of donors who are funding the construction of a new ballroom in the White House complex. Trump has repeatedly stated that the ballroom's cost is being met entirely through private funding, meaning it will not burden taxpayers. On Wednesday, while discussing the project, Trump said it would cost approximately $300 million. Previously, the Trump administration had estimated the ballroom's cost at $200 million. According to the White House ...Read More >
'Commerce and industry minister Piyush Goyal Saturday said talks between India and the US on the proposed bilateral trade agreement (BTA) are progressing in a "cordial atmosphere " and New Delhi will protect the interests of domestic farmers, fishermen and MSME sectors. 'Commerce and industry minister Piyush Goyal Saturday said talks between India and the US on the proposed bilateral trade agreement (BTA) are progressing in a "cordial atmosphere " and New Delhi will protect the interests of dom ...Read More >
New Delhi, Oct 20 (SocialNews.XYZ) India and the US have made some headway in their trade talks to resolve the tariff issue, even as New Delhi has said that it will not rush into an agreement. India's trade delegation, led by Commerce Secretary Rajesh Agrawal, is reported to have held constructive meetings with US officials in Washington last week, a senior official said. While the US under the Trump administration hardened its stand on Russian oil purchases by India, New Delhi has assured Was ...Read More >
New Delhi: India and Brazil on Thursday agreed to deepen their economic engagement by expanding the scope of their Preferential Trade Agreement (PTA) under the Mercosur framework. As a part of this effort, the two countries have set a new bilateral trade target of $20 billion by 2030, up from $12 billion in 2024. At the India-Brazil Business Dialogue in New Delhi, Brazil's Vice President and Minister for Development, Industry, Trade & Services, Geraldo Alckmin, said the two nations were "comple ...Read More >
New Delhi, Oct 18 (PTI) Commerce and Industry Minister Piyush Goyal will visit Brussels later this month to give an impetus to the ongoing negotiations for a free trade agreement between India and the EU, an official said on Saturday. The minister will be in Europe to participate in the Berlin Global Dialogue, that will be held from October 23 to October 25, the official said. After that, trade talks with the EU will be held in Brussels. He will meet EU Trade Commissioner Maros Sefcovic. Goya ...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 >
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