Shreya Nandi

Piyush Goyal says the government will fund key compliance costs for small exporters needing EU approvals under CBAM and REACH, as India expands trade deals and targets $2 trn exports

The government has halved RoDTEP incentives with immediate effect, reducing rebate rates and value caps across categories, a move expected to raise exporters' costs amid global uncertainty

Move comes as Washington trying to figure out legalities

The US Supreme Court ruled that Trump exceeded his authority by imposing tariffs under the International Emergency Economic Powers Act (IEEPA), a 1977 law intended for national emergencies

A USTR delegation is expected to visit New Delhi in late March to sign the interim India-US trade deal, as negotiators meet in Washington to finalise the legal text ahead of April rollout

Rollout of seven schemes under the ₹25,060 crore EPM also announced

GTRI says the US Supreme Court's decision striking down Trump's global tariffs frees most Indian exports from reciprocal duties, prompting a reassessment of the new bilateral trade deal

Government revises the base year for merchandise trade indices from FY13 to FY23 to capture structural shifts in India's trade basket and align the indices with current macroeconomic realities

DGFT chief Lav Agarwal said AI can detect fraud in India's trade systems while protecting genuine exporters, urging its integration across digital public infrastructure

India ramps up imports from the US, pushing January shipments up 24% and steadily narrowing its trade surplus with Washington amid tariff pressures

Talks in Washington next week on interim deal's legal framework

Trade deficit widest in three months

Commerce minister says India-US pact safeguards key crops and opens new markets for farm exports; accuses Rahul Gandhi of spreading misinformation

Commerce minister says India will secure concessional-duty access for garments made from US yarn and cotton, similar to benefits obtained by Bangladesh

Commerce Minister indicates sector may get zero-duty US market access similar to Bangladesh; industry says cotton exports and farmers unlikely to be hit

Commerce Minister Piyush Goyal urges exporters to leverage new FTAs with developed nations as India finalises trade deals with the US and EU

Update softens language on India's $500 bn purchases plan, bringing it in line with joint statement issued by both countries

India's textile industry sees the US-Bangladesh trade deal as a mixed outcome, with zero reciprocal tariffs for some Bangladeshi goods potentially hurting apparel and cotton yarn exports

Under a WTO moratorium, countries do not levy Customs duties on cross-border e-commerce transactions such as the download of software, e-books and similar products

During 2024, India's agricultural exports to the US stood at $3.4 billion - excluding marine products, while imports were $2.1 billion