Shreya Nandi
Shreya Nandi
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Govt updates merchandise trade index base year to FY23 for better accuracy
Government revises the base year for merchandise trade indices from FY13 to FY23 to capture structural shifts in India's trade basket and align the indices with current macroeconomic realities
 "Govt updates merchandise trade index base year to FY23 for better accuracy")
Five FTAs to be operational this year, says Piyush Goyal at EPM launch
Piyush Goyal said FTAs with the UK, Oman, New Zealand and the EU will be implemented this year as India launches new schemes under the Rs 25,060 crore Export Promotion Mission to boost exports
 "Five FTAs to be operational this year, says Piyush Goyal at EPM launch")
USTR team may visit India in March-end to sign interim trade agreement
A USTR delegation is expected to visit New Delhi in late March to sign the interim India-US trade deal, as negotiators meet in Washington to finalise the legal text ahead of April rollout
 "USTR team may visit India in March-end to sign interim trade agreement")
AI can transform trade by curbing fraud and aiding governance: DGFT
DGFT chief Lav Agarwal said AI can detect fraud in India's trade systems while protecting genuine exporters, urging its integration across digital public infrastructure
 "AI can transform trade by curbing fraud and aiding governance: DGFT")
Rising imports from US narrow trade surplus: Commerce department data
India ramps up imports from the US, pushing January shipments up 24% and steadily narrowing its trade surplus with Washington amid tariff pressures
 "Rising imports from US narrow trade surplus: Commerce department data")
18% US levy may kick in this week: Commerce Secretary Rajesh Agrawal
Talks in Washington next week on interim deal's legal framework
 "18% US levy may kick in this week: Commerce Secretary Rajesh Agrawal")
Gold, silver rally drove January import bill up 19%; exports increased 0.6%
Trade deficit widest in three months
 "Gold, silver rally drove January import bill up 19%; exports increased 0.6%")
India-US trade deal to benefit farmers with higher farm exports: Goyal
Commerce minister says India-US pact safeguards key crops and opens new markets for farm exports; accuses Rahul Gandhi of spreading misinformation
 "India-US trade deal to benefit farmers with higher farm exports: Goyal")
India to receive same garment duty benefits as B'desh in US deal: Goyal
Commerce minister says India will secure concessional-duty access for garments made from US yarn and cotton, similar to benefits obtained by Bangladesh
Indian textile exporters may get zero-duty US access, easing B'desh impact
Commerce Minister indicates sector may get zero-duty US market access similar to Bangladesh; industry says cotton exports and farmers unlikely to be hit
 "Indian textile exporters may get zero-duty US access, easing B'desh impact")
Goyal urges exporters and industry bodies to take full advantage of FTAs
Commerce Minister Piyush Goyal urges exporters to leverage new FTAs with developed nations as India finalises trade deals with the US and EU
 "Goyal urges exporters and industry bodies to take full advantage of FTAs")
US revises fact sheet: $500 bn clause softened, 'certain pulses' dropped
Update softens language on India's $500 bn purchases plan, bringing it in line with joint statement issued by both countries
 "US revises fact sheet: $500 bn clause softened, 'certain pulses' dropped")
US-Bangladesh pact to put India's textile, cotton exports in a spot
India's textile industry sees the US-Bangladesh trade deal as a mixed outcome, with zero reciprocal tariffs for some Bangladeshi goods potentially hurting apparel and cotton yarn exports
 "US-Bangladesh pact to put India's textile, cotton exports in a spot")
On India-US table: Locking in duty-free electronic transmissions
Under a WTO moratorium, countries do not levy Customs duties on cross-border e-commerce transactions such as the download of software, e-books and similar products
 "On India-US table: Locking in duty-free electronic transmissions")
India-US trade deal: India gets expanded market access for agri exports
During 2024, India's agricultural exports to the US stood at $3.4 billion - excluding marine products, while imports were $2.1 billion
 "India-US trade deal: India gets expanded market access for agri exports")
India, GCC sign ToR to restart free trade talks after three-year pause
India, the six-nation GCC bloc have signed the terms of reference for a proposed free trade agreement, formally setting the stage for negotiations aimed at boosting trade, investment, strategic ties
Trade deal: 18% US tariff to kick in after joint statement in 4-5 days
Goyal says first tranche of 'formal' pact by mid-March
 "Trade deal: 18% US tariff to kick in after joint statement in 4-5 days")
India, US to sign first tranche of formal trade agreement by mid-March
India and the United States are set to sign the first tranche of a formal trade agreement by mid-March, Commerce and Industry Minister Piyush Goyal said, following a joint statement expected shortly
 "India, US to sign first tranche of formal trade agreement by mid-March")
Diversifying energy sourcing amid changing global dynamics: Goyal
Commerce and industry minister Piyush Goyal told Parliament that India protected key food and agriculture interests in the trade deal with the US, while both sides addressed sensitive areas
India-US trade deal: Agri, dairy interests 'protected', says Piyush Goyal
Goyal said both sides were working on a "joint statement" outlining the details of the first phase of the agreement
 "India-US trade deal: Agri, dairy interests 'protected', says Piyush Goyal")