Oman is the third-largest export destination among the Gulf Cooperation Council (GCC) countries for India
The negotiations for the trade agreement with the European Union (EU) are also progressing at a faster pace, he added
India's chief negotiator, Special Secretary in the Department of Commerce Rajesh Agrawal, concluded his four-day visit to Washington last week
Piyush Goyal travelled to Brussels on May 23 from Washington, while India's chief negotiator L Satya Srinivas and his team are already at the EU headquarters for the FTA negotiations.
On May 20 also, Goyal held a meeting with Lutnick to expedite the talks on the first phase of the trade pact.
Omanisation is a policy implemented by Oman to boost the employment of its citizens in the private sector. The policy mandates companies to meet specific quotas for hiring Omani nationals
The Department for Promotion of Industry and Internal Trade (DPIIT) said that the order would not apply to electrical appliances which fall under the scope of any other QCO
The official said industry has raised regulatory hurdles and high cost of certification among other issues in the US as primary obstacles to increasing exports to the US
In March this year, soon after the US raised its duties on steel and aluminium, China and Canada proposed retaliatory tariffs against imports from the US
India and US trade ministers will meet in Washington from May 17 to assess progress on the bilateral trade agreement, provide political direction, and advance talks toward a broader trade pact
India to discuss proposed retaliatory tariffs on US goods during trade talks starting May 17, amid efforts to finalise a broader bilateral trade agreement targeting $500 billion by 2030
The four-day discussions, scheduled from May 17 to 20, will involve key meetings with US Trade Representative Jamieson Greer and Commerce Secretary Howard Lutnick
Through these discussions, officials from New Delhi and Washington aim to take advantage of the 90-day tariff pause window to advance the talks
India will impose retaliatory duties if the European Union goes ahead with its plan to levy a carbon tax on Indian products, Commerce and Industry Minister Piyush Goyal said on Tuesday.
According to a Ministry of Commerce and Industry release, this engagement follows HRH Princess Astrid of Belgium's March 2025 visit to India
On April 28, Piyush Goyal met with the UK's Secretary of State for Business and Trade, Jonathan Reynolds, to advance negotiations for a Free Trade Agreement (FTA) between the two nations
Goyal returned to London for the talks, a British government spokesperson said, after a two-day visit earlier in the week ended without a final agreement
Commerce Minister Piyush Goyal says India-EU trade deal to focus on tariff and non-tariff barriers alike, with both sides targeting a meaningful pact by end of 2025
Commerce Minister Piyush Goyal and EU Trade Commissioner Maros Sefcovic reviewed trade talks progress during their meeting in Brussels, focusing on key issues like tariffs and non-tariff barriers
Goyal also addressed a gathering, alongside UK Secretary of State for Business and Trade Jonathan Reynolds, and spoke about the bright future ahead for the India-UK partnership