Trade Deals

The Congress on Tuesday demanded that the Modi government should take Parliament into confidence and the text of both the EU and US trade deals must be laid on the table of both Houses and debated. Congress general secretary in-charge communications Jairam Ramesh said that from the information President Donald Trump has provided, it is abundantly clear that Prime Minister Narendra Modi has "completely surrendered". He said that almost exactly a year ago, Prime Minister Modi landed at the White House to greet President Trump on his re-election. "His trademark huglomacy was on full display. India-US relations never appeared brighter. Negotiations for a trade deal started immediately thereafter.But ever since President Trump made the first announcement of the halt to Operation Sindoor on the evening of May 10, 2025 things began to go downhill," Ramesh said on X. Subsequently, President Trump embraced Pakistan and Field Marshall Asim Munir enthusiastically, "exposing the hollowness of

At the interbank foreign exchange market, the rupee opened at 90.30 against the US dollar, registering a gain of 119 paise over its previous close of 91.49

Commerce and Industry Minister Piyush Goyal on Tuesday said the India-US trade agreement will open up huge opportunities for domestic farmers, MSMEs, entrepreneurs, and skilled workers and promote Make in India initiative. India and the US have agreed to a trade deal under which Washington will bring down reciprocal tariff on Indian goods to 18 per cent from current 25 per cent, US President Donald Trump said on Monday after a phone conversation with Prime Minister Narendra Modi. Goyal said it will help India get technology from the US. "This agreement unlocks unprecedented opportunities for farmers, MSMEs, entrepreneurs, and skilled workers to Make in India for the world, Design in India for the world, and Innovate in India for the world," Goyal said in a post on social media. He added that the development reflects the power of two like-minded, fair-trading democracies working together for shared prosperity. "Both India and US are natural allies and our partnership will co-create

UK parliamentary panel backs the India-UK FTA as historic but warns British firms may face delayed gains, sectoral risks and tougher competition from Indian exports

As India courts global trade deals like the EU pact, the Economic Survey flags competitiveness-not protection-as the real key to sustainable export growth

CEA V Anantha Nageswaran says industry cannot be protected forever, backs reforms for sustained 7% growth, and stresses innovation and exports as key to India's economic future

Chennai-based Kothari to buy considerable stake in Kickers BBV

India's FTA with the EU boosts market access for 99% of exports, aiding labour-intensive sectors while cheaper EU machinery imports could support domestic manufacturing

Social Security Agreement ensures continuity of social security benefits on a reciprocal basis and thus avoids potential dual contributions for Indian workers and employers in the future

From a purely market standpoint, India-EU trade deal is a positive step and clearly in the right direction, Shah said

The European Union is willing to implement a sweeping free trade agreement with the Mercosur group of South American countries on a provisional basis, the head of the EU's executive commission said Friday, despite a vote by the EU parliament to delay ratification for legal review. The EU would be ready to act as soon as at least one Mercosur country ratifies, European Commission President Ursula von der Leyen said at the conclusion of a summit of EU leaders in Brussels, where several national leaders raised the issue. "There is a clear interest that we ensure that the benefits of this agreement apply as soon as possible," von der Leyen said at a news conference. "In short, we will be ready when they are ready." No formal decision to implement the deal had been taken yet, she said. At the same news conference, Antonio Costa, head of the EU council of member governments, said the executive commission had the authority to move ahead on interim implementation. A decision to do that is

India's exports to the EU, Incred suggests, are already comparable to those to the US, and within two-three quarters, supply chains can pivot meaningfully toward Europe

FTAs can open doors, but real gains will depend on domestic factors

Says both nations remain 'actively' engaged, next call scheduled on Jan 13

With the UK, EFTA deals already in the bag, EU on the way, almost every member of RCEP except China signed up, and even restrictions on China being lifted, India has changed its mind on trade

Modi, Trump spoke over phone on eight occasions, says MEA

The India–US trade deal was expected to be an early win for Washington—but it suddenly collapsed.

Senator Lindsey Graham said Trump has greenlit a bipartisan bill that would let the US impose steep duties on countries buying Russian oil, complicating India-US trade talks

Amid political turmoil in the US and EU, India's hopes of quick trade deals face growing uncertainty, calling for realism and preparation for worst-case scenarios

India and New Zealand have concluded a free trade agreement after nine months of negotiations. The deal offers zero-duty access for all Indian exports,opens new visa pathways for skilled professionals