Trade Deals

Wellington commits to $20 bn FDI in 15 years; dairy items excluded

New Zealand's Foreign Minister Winston Peters has called the India-New Zealand FTA a "low-quality deal", criticising its impact on dairy, labour mobility and migration

Chief Economic Advisor V Anantha Nageswaran's comments come amid a series of exchanges between the two sides to reduce trade barriers

In his address during the joint press statement after the Summit, Putin said the comprehensive roadmap provides clear guidelines

The rupee hit 90.41 per dollar intraday on Thursday before recovering to close at 89.98, as foreign banks sold dollars and RBI intervention stayed limited amid outflows and trade-deal uncertainty

India's decision to import LPG from the US helps it to diversify sources as it reduces almost full reliance on West Asian countries for supply of the country's primary cooking fuel

India says the first tranche of the Indo-US trade deal is close to finalisation, with talks focused on easing reciprocal tariffs and boosting bilateral trade amid shifting export trends

India has proposed a US totalisation pact on the lines of its UK agreement, aiming to prevent double social-security contributions and boost savings for thousands of Indians working in America

The US is "pretty close" to reaching a "fair trade deal" with India, President Donald Trump has said, adding that he will lower the tariffs imposed on Indian goods at "some point". This is the second time in less than two weeks that the US president held out hope to seal the proposed bilateral trade deal with India. It is not immediately clear whether it was Trump's usual hyperbole or there was some progress in the negotiations for the much-awaited deal between the two sides. "We're making a deal with India, a much different deal than we had in the past. So right now, they don't love me, but they'll love us again," Trump said on Monday without elaborating. He made the remarks during a ceremony in the Oval Office where Sergio Gor was sworn in as the US Ambassador to India by Vice President J D Vance. "We're getting a fair deal, just a fair trade deal. We had pretty unfair trade deals. They're very good negotiators, Sergio, so you have to take a look at that, if you would please," T

President Donald Trump's meeting on Thursday with China's top leader, Xi Jinping, produced a raft of decisions to help dial back trade tensions, but no agreement on TikTok's ownership. China will work with the US to properly resolve issues related to TikTok, China's Commerce Ministry said after the meeting. It gave no details on any progress toward ending uncertainty about the fate of the popular video-sharing platform in the US. The Trump administration had been signalling that it may have finally reached a deal with Beijing to keep TikTok running in the US. Treasury Secretary Scott Bessent had said on CBS's Face the Nation on Sunday that the two leaders will consummate that transaction on Thursday in Korea. Wide bipartisan majorities in Congress passed and President Joe Biden signed a law that would ban TikTok in the US if it did not find a new owner to replace China's ByteDance. The platform went dark briefly on a January deadline, but on his first day in office, Trump signed

The pact was last updated in 2015 and is effective until 2035. South Korea's neighbor, Japan, already has the right to reprocess spent fuel

Trump and Lee agreed that Seoul can split its promised $350 billion investment fund into $200 billion in cash to be paid in instalments and capped at $20 billion per year, Lee's aides said

Piyush Goyal made these remarks while speaking at the Berlin Global Dialogue, adding that New Delhi would take a measured approach

"Meeting marked significant step towards operationalising CETA, with both ministers agreeing to reposition Joint Economic and Trade Committee to oversee implementation and delivery," dept said

The deal between the world's fifth- and sixth-largest economies aims to increase bilateral trade by a further 25.5 billion pounds ($34 billion) by 2040

The European Union has shown flexibility in its FTA policy. India must capitalise

India and the US held marathon talks in New Delhi to push forward a trade agreement, signalling easing tensions despite tariff disputes and setting the stage for further negotiations

India and the European Union (EU) on Monday started the next round of negotiations for the proposed free trade agreement (FTA), an official said. After the 13th round of talks, European Commissioner for Trade Maros Sefcovic will visit India on September 12 to take stock of the progress of negotiations with Commerce and Industry Minister Piyush Goyal, the official said. As there is a deadline to conclude the talks by the end of this year, this round of talks is important. The 12th round of talks concluded in Brussels. In June 2022, India and the 27-nation EU bloc resumed negotiations for a comprehensive FTA, an investment protection agreement and a pact on geographical indications after a gap of over eight years. It stalled in 2013 due to differences on the level of opening up of the markets. On February 28, PM Narendra Modi and the European Commission president agreed to seal a much-awaited free trade deal by the end of this year. Besides demanding significant duty cuts in automo

Experts point out that the deal was possible only because both sides respected each other's sensitivities and regulatory autonomy

China's growing influence in the Latin American region raises concerns