Trade Deal

His remarks come days after US Secretary of State Marco Rubio indicated that only a few issues remained to be resolved, expressing hope that the agreement would be concluded shortly

Both US and Indian officials have recently made optimistic comments about the chances of an agreement, which would break a long-running stalemate over trade between Washington and New Delhi

The surge in US tariffs since President Donald Trump returned to the White House in January 2025 is redrawing global trade links

Giving or taking more beyond that plateau would be 'very, very difficult' for both countries, Sitharaman said at an event in New Delhi

US Trade Representative Jamieson Greer said he did not think there was "something imminent" on the trade deal with India and the two sides have identified "the universe of items" that are sticking points. Addressing a press conference after the G20 Trade Ministers' Meeting in Milwaukee on Thursday, Greer said President Donald Trump and Prime Minister Narendra Modi may have another phone call "very soon" to assess the progress on the trade deal. Greer met Commerce and Industry Minister Piyush Goyal on the sidelines of the G20 Trade Ministers' meeting on Wednesday evening and had a "productive discussion" on the early conclusion of a mutually beneficial interim trade agreement. "We had a very constructive conversation, minister Goyal and myself. Our staff is meeting right now since they're in the country, and we're here," Greer said. "We are continually trying to finish the trade deal with India. I would characterise it, as we say in the US, we're in the short strokes. So, I think we

The India-New Zealand Free Trade Agreement will come into force on October 20, Commerce and Industry Minister Piyush Goyal said on Monday. The two countries had on April 27 signed the Free Trade Agreement (FTA) to boost two-way commerce in goods and services and promote investments. The agreement will come into force on Dussehra, which is on Oct 20, Goyal said. The FTA provides duty-free access for 100 per cent of India's exports to New Zealand. Currently, New Zealand maintains peak tariffs of up to 10 per cent on key Indian goods, including ceramics, carpets, automobiles, and auto components. New Zealand has committed to invest USD 20 billion over 15 years in India.

Canadian ​Prime Minister Mark Carney had previously said during a trip to ‌New Delhi in March that the two countries would aim to agree a free trade pact by the end of the year

The legislation passed by a vote of 93-29, with support from the opposition Labour Party

India and Canada on Monday started fourth round of negotiations for the proposed Comprehensive Economic Partnership Agreement (CEPA) here, as the two sides look to conclude the talks this year, an official said. The issues that would figure in the five-day (September 14-18) talks include trade in goods, services, rules of origin, and technical trade barriers, among others. The third round was held in July in Ottawa, the official said. The negotiations are important as the two sides have targeted to increase bilateral trade to USD 50 billion by 2030. In 2025-26, two-way trade dipped 8.22 per cent to USD 7.95 billion (USD 4.67 billion exports and USD 3.28 billion imports) from USD 8.66 billion in 2024-25 (USD 4.22 billion exports and USD 4.44 billion imports). Key exports from India to Canada include pharmaceuticals, iron and steel, seafood, cotton garments, electronic goods and chemicals, among others. The main imports include pulses, pearls and semi-precious stones, coal, fertili

India is committed to conclude negotiations for a comprehensive trade agreement with Chile this year as it would help further strengthen economic ties between the two countries, the commerce ministry said on Sunday. Commerce Secretary Rajesh Agarwal was there in Santiago, Chile to review the progress of the talks. The proposed comprehensive economic partnership agreement (CEPA) is expected to open new avenues for greater trade and investment, while fostering cooperation in technology, talent and resilient supply chains. "India remains committed to concluding the CEPA negotiations within this year, with the aim of delivering a balanced and mutually beneficial framework that provides equitable and commercially meaningful outcomes for businesses on both sides," it said. Agrawal met Paula Estevez Weinstein, Vice-Minister of International Economic Relations, Chile, on August 26 to advance negotiations on the India-Chile CEPA. The secretary highlighted the immense potential for enhanced

Recent treaties with the UAE and Israel point to shorter arbitration timelines and broader investment protection, even as India retains regulatory safeguards in sensitive areas

Proposed pact will cover a limited set of areas, including trade in goods, market access and rules of origin, as India seeks to expand its footprint in Latin America

The proposed preferential trade agreement will initially cover goods, with India and the five-member customs union aiming to conclude negotiations within a year

The commerce ministry said negotiations with the US helped place India in the lower tier of additional tariffs, with exemptions covering about 45 per cent of exports

The United States has imposed a 10 per cent tariff on goods imported from India and 16 other countries as part of its efforts to combat the use of forced labour in the production of such items. Last month, when the US had proposed tariffs under Section 301 of the Trade Act, India was bracketed among countries attracting 12.5 per cent levies, but Washington took note of the amendment New Delhi made to its foreign trade policy prohibiting the import of goods produced using forced labour. "As a result of these actions, the Trade Representative has advised me that the goods of these economies should be tariffed at the 10 per cent rate to further encourage these economies to effectively enforce such prohibitions," US President Donald Trump said in a memorandum on the issue on Thursday. US Trade Representative Jamieson Greer announced the new tariffs on 60 countries under Section 301 of the Trade Act on Thursday, a day before the expiration of 10 per cent additional levies on all ...

Improved market access and zero tariffs under the India-UK trade agreement are expected to lift Indian pharmaceutical exports to over $980 million in FY27

A revised bipartisan US Senate bill proposes a 100 per cent tariff on imports from the five largest buyers of Russian oil and gas, including India, while allowing presidential waivers

Commerce and Industry Minister Piyush Goyal on Monday said India and the US teams are fully engaged for a trade pact that is balanced, commercially meaningful, and delivers tangible benefits for businesses, farmers, workers, and consumers. He said that he had a meeting with US Trade Representative Jamieson Greer here last month. "Both sides reaffirmed their commitment to an agreement that is balanced, commercially meaningful, and delivers tangible benefits for businesses, farmers, workers, and consumers in both countries. Our teams remain fully engaged in achieving this objective," Goyal said in a social media post.

India must not allow the negotiation process to lose momentum

US Trade Representative Jamieson Greer and Commerce and Industry Minister Piyush Goyal will hold two-day talks this week on the first phase of the bilateral trade agreement. "For the US trade deal talks, tomorrow my counterpart is coming to Delhi," Goyal told reporters in Mumbai. The meeting followed chief negotiator-level discussions on the pact held earlier this month (June 2-4) here in the national capital. Commerce Secretary Rajesh Agrawal has recently stated that the discussions between the two ministers are expected to be centred around giving final touches to the framework deal. On June 5, Goyal said 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 BTA by the middle of next month. IMPORTANCE OF THE MIDDLE OF NEXT MONTH -------------------------------------------------- The 10 per cent temporary tariff imposed by the US on all its trading partners o