The ongoing in-person round of talks between New Delhi and Washington is crucial, considering that the end of the 90-day pause on the US's plan to impose country-specific reciprocal tariffs on July 9
Piyush Goyal meets export councils and industry groups to review trade pacts, gather views on new FTAs and SEZ reforms as India negotiates key global agreements
The ongoing in-person round of talks between New Delhi and Washington is crucial, considering that the end of the 90-day pause on the US's plan to impose country-specific reciprocal tariffs on July 9
"This is largely attributable to pressure on demand in US, exacerbated by uncertainties surrounding imposition of US tariffs. Icra has thus, maintained its sector outlook at negative," report said
At present, SEZs pay full customs duty, in case a finished product is sold outside these zones, known as domestic tariff area (DTA). Based on the industry's long-standing request
India's trade with West Asia is crucial, considering that apart from Russia, it imports crude oil from Iraq, United Arab Emirates (UAE) and Saudi Arabia
India-Canada ties plummeted to an all-time low in the aftermath of a diplomatic spat over the killing of Khalistani separatist Hardeep Singh Nijjar in June 2023
Commerce minister's UK visit will focus on reviewing FTA negotiations, establishing a roadmap for finalisation, and expanding trade, investment, and creative partnerships
Next round of negotiations in July
Commerce Secretary Sunil Barthwal said that the impact of the war on India's trade will depend on how the situation unfolds over a period of time
Absence of US Trade Promotion Authority may prolong broader BTA negotiations, but India hopes to secure early agreement on tariffs by July 9 deadline
Despite overall decline in merchandise exports, shipments to US grew by 17%
The India-UK FTA is being touted as a modern, and the most comprehensive agreement that India has signed till now - comprising non-trade issues such as gender, labour, anti-corruption, sustainability
India and the US will hold further talks this month in Washington to finalise an early tranche of the bilateral trade agreement, aiming for mutual tariff concessions
Government officials said that while the deal was concluded on Tuesday, implementation could take over 15 months
The long-pending deal with the UK was finalised on Tuesday
Duplication of social security contributions to be nixed too
The longstanding dispute centres on India's imposition of tariffs on information and communication technology (ICT) goods
This is the latest in the series of measures taken by India against Pakistan following the Pahalgam terror attack
Commerce Minister Piyush Goyal says India-EU trade deal to focus on tariff and non-tariff barriers alike, with both sides targeting a meaningful pact by end of 2025