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Hours after the operationalisation of the India-UK Comprehensive Economic and Trade Agreement (CETA), a senior British official said the landmark deal will deliver "tangible business outcomes" for both the partner countries. Harjinder Kang, the UK's Trade Commissioner for South Asia and British Deputy High Commissioner to Western India, also hoped that the agreement would eventually lead to a jump in bilateral trade to USD 100 billion from the present USD 60 billion. "'... as of midnight, we are now able to send goods and services between the two countries on the new trading terms that we've agreed," he told PTI videos in an interaction here. Nearly 99 per cent of the goods and services being exported by India to the UK, and 90 per cent of the goods and services imported by the country will now attract lower or zero tariffs, he said, stressing that the deal will benefit consumers in both countries by lowering costs. "'... in effect, there are some very, very good tangible outcomes
India and the US on Wednesday concluded two-day ministerial-level talks on the proposed first phase of the bilateral trade agreement (BTA), a framework for which was announced in February this year. Both sides are looking at finalising the talks before the expiry of the 10 per cent temporary tariffs imposed by the US on all its trading partners on February 24. The tariffs will expire on July 24. The talks were held between Commerce and Industry Minister Piyush Goyal and US Trade Representative Jamieson Greer here. "Concluded a series of meetings with @USTradeRep Ambassador Jamieson Greer and his delegation this morning. We reviewed progress of the ongoing IndiaUS trade discussions and explored avenues to further deepen our economic partnership. "I appreciate Ambassador Greer's leadership and the sustained efforts of both teams in advancing our discussions in a constructive and forward-looking manner," Goyal said in a social media post.
India and the United States opened high-level trade talks on Tuesday aimed at salvaging and recalibrating a proposed bilateral trade agreement after changes in US tariff policy upended a framework negotiated earlier this year. Commerce and Industry Minister Piyush Goyal met US Trade Representative Jamieson Greer here as both sides sought to conclude an interim trade pact before July 24, when Washington's temporary 10 per cent tariff on imports from trading partners is due to expire. "Warm welcome to @USTradeRep Amb Jamieson Greer, @USAmbIndia Amb Sergio Gor and their delegation to @DoC_GoI. Looking forward to productive discussions on the bilateral trade agreement between (India & US)," Commerce and Industry Minister Piyush Goyal said in a post on X. Greer's two-day visit comes days after Prime Minister Narendra Modi and US President Donald Trump held their first meeting in more than a year on the sidelines of the G7 summit in France on June 17, injecting fresh momentum into trade
India and the US are moving towards closing all the open ends of the interim trade agreement, and both sides are likely to execute the "very, very vibrant" first phase of the pact by the middle of next month, Commerce and Industry Minister Piyush Goyal said on Friday. He said that the US team was in New Delhi from June 2-4 for finalisation of the deal. They held discussions with the Indian team. "I also met with them yesterday, and we are fast moving towards closing all the open ends, and I think sometime by the middle of next month or so, we should be in a position to execute a very, very vibrant first tranche... "It is only the first tranche of our bilateral trade agreement, which will give preferential access to India over our competitors," he told reporters here. He added that a high-level team is expected to visit India towards the end of this month.
India and Qatar on Thursday held discussions on ways to boost bilateral trade and strengthen supply chain resilience, which has been disrupted due to the West Asia crisis. The meeting was held between Commerce and Industry Minister Piyush Goyal and Qatari Minister of State for Foreign Trade Affairs Ahmed bin Mohammed Al Sayed. "We discussed ways to further enhance our bilateral trade and investment ties while strengthening supply chain resilience. Looking forward to deepening our strategic partnership in the times ahead," Goyal said in a post on social media. Both had virtual interaction. The bilateral trade between the countries stood at USD 14 billion in 2024-25. Both sides have aimed at doubling it by 2030. They are also looking at negotiating a Comprehensive Economic Partnership Agreement (CEPA). Goyal recently discussed trade and supply chain related issues with trade ministers of other GCC members also. It included Saudi Arabia, the UAE, Bahrain and Kuwait. All these countr