Trade Policy

Commerce and Industry Minister Piyush Goyal on Tuesday said India has never allowed imports of any genetically modified (GM) products and would not do so in the future, as it is a "very sensitive" issue. Addressing students of Kirori Mal College here, Goyal also said that dairy sector is "very sensitive" in the country and India has never given any duty concessions in any free trade agreement in this sector. "We are very sensitive to opening up to certain agricultural produce, certain goods that we are very strong on like marine products. We are very sensitive to opening our dairy. In fact, till date, we have never opened up dairy for anybody. "We are very sensitive not to allow any GM products to come to India and we have never allowed it and we'll never allow it in the future. We are sensitive to our religious sensitivities. So very often in foreign countries, they use calf meat or Rennet while producing their dairy products. We don't allow that in India. It is strictly got to be

India must plan for a changing global economic environment

Raise concerns over high tariffs, QCOs, digital trade curbs

Brics partners accounted for nearly 42% of India's merchandise imports in FY26

India should avoid imposing tariffs on digital trade after the WTO moratorium expiry, as seamless data flows are crucial for services exports and global investment

The US and Japan urged India at the WTO to ease agricultural export restrictions, improve trade predictability and address non-tariff barriers during its Trade Policy Review

India's recent flurry of FTAs is an excellent start, but it is only a start

Trade policy review says India must lower trade costs, bridge infrastructure gaps and deepen global integration to sustain growth and achieve developed-country status by 2047

India on Tuesday amended the foreign trade policy to prohibit the import of goods produced using forced labour. The announcement was important as the US Trade Representative (USTR) is carrying out an investigation under Section 301 of the Trade Act of 1974 against 60 countries, including India. It has alleged that the acts, policies, and practices of 60 economies related to the failure to impose and effectively enforce a prohibition on the importation of goods produced with forced labour is unreasonable and burdens or restricts US commerce, and are thus actionable under Section 301(b) of the Trade Act. Here are the few questions and answers to under why "Forced Labour" is now at the centre of global trade: WHAT IS FORCED LABOUR? ------------------------------ As per the ILO (International Labour Organisation) Forced Labour Convention, 1930 (No. 29), 'Forced Labour' means all work or service which is exacted from any person under the menace of any penalty and for which the said pe

While services exports have expanded sharply over the past decade, India's share of global merchandise exports has remained largely unchanged despite multiple trade policy reforms

New global trade reports highlight that technological capability and regulatory compliance - not just tariffs - are becoming the key drivers of trade competitiveness

Government plans weekly sectoral stress indicator to track trade and logistics disruptions as West Asia crisis raises input costs and supply chain concerns

India's challenge at MC14 is conceptually clear, even if diplomatically complex: use the credibility conferred by its new bilateral relationships to defend, not dilute, the multilateral order

With the Supreme Court striking down Trump's use of IEEPA for tariffs, the former president may rely on older trade statutes to revive tariff action. Each carries implications for India

India's customs duty forgone due to FTAs could cross ₹1 trillion in FY27, with Asean accounting for the largest share, Budget documents show

The new India-US reciprocal tariff deal offers relief and predictability, but ties market access to strategic concessions, reshaping how bilateral trade will be negotiated

As global order frays and the US turns inward, India's Republic Day optics underline a strategic pivot towards Europe and faster reforms at home

Extending export incentives to postal shipments will make global e-commerce more accessible for small businesses in Tier-2 and Tier-3 towns

The president is floating price floors on imports - not just traditional percentage-based tariffs - to develop the supply chains for those materials that run through US-aligned nations

As the US disrupts global trade and India pushes major trade deals, 2026 will test whether reforms, new economic measures and shifting geopolitics can sustain India's growth momentum