India-US interim trade pact removes tariffs on aircraft parts, boosting sourcing by Boeing and Airbus as India emerges as a key global OEM hub
Addressing a press conference, the Union Minister said that several Indian goods will attract zero duties on export, including pharmaceutical products and smartphones
Addressing a press conference, the commerce minister hailed the India-US trade framework, adding that it protects farmers, boosts exports, and strengthens bilateral trade ties
Commerce and Industry Minister Piyush Goyal said that the framework is expected to create jobs and MSME exports while keeping staple crops and dairy outside tariff concessions
India, the six-nation GCC bloc have signed the terms of reference for a proposed free trade agreement, formally setting the stage for negotiations aimed at boosting trade, investment, strategic ties
Goyal says first tranche of 'formal' pact by mid-March
India and the United States are set to sign the first tranche of a formal trade agreement by mid-March, Commerce and Industry Minister Piyush Goyal said, following a joint statement expected shortly
Launch of FTA talks with the GCC would be a kind of resumption of the negotiations, as the earlier two rounds of negotiations were held in 2006 and 2008 between the two regions
Commerce and Industry minister Goyal told reporters that a legal agreement for the first tranche of the pact is expected to be signed by mid-March
The EAM's visit coincides with the agreement between two of the World's largest democracies on a trade deal
Commerce and industry minister Piyush Goyal told Parliament that India protected key food and agriculture interests in the trade deal with the US, while both sides addressed sensitive areas
Parliament Budget session: Piyush Goyal said that India protected sensitive sectors like agriculture and dairy in India-US trade deal, adding that labour-intensive sectors will benefit
Goyal said both sides were working on a "joint statement" outlining the details of the first phase of the agreement
Addressing a press conference, Goyal said India secured more favourable terms than several comparable countries that have entered into trade arrangements with the United States
Goyal also said the trade deal will help India get technology from the US
Investors and captains from the mutual funds and asset management industry were also present at the meeting
This is a Budget that shows a future-ready Bharat, and carries forward the reforms that the Prime Minister initiated on August 15 last year, says Goyal
Goyal added that talks for a trade pact have started with the Mercosur group of countries to expand the existing PTA (preferential trade agreement)
He expressed confidence that "good news" on this front will be announced in the near future
He said that the NCP, as part of the Mahayuti government in Maharashtra, has performed very well