Says sending letters to more trade partners, will offer no extension beyond Aug 1
After two years of strained diplomatic relations, as India and Canada look to iron out creases, the interim trade deal is back on the table
Ahead of July 9 tariff deadline, Piyush Goyal emphasises that India will protect its national interest in ongoing trade negotiations, reiterates stance on sensitive sectors like agriculture and dairy
India has proposed suspending trade concessions worth $723.75 mn in response to US safeguard tariffs on autos, even as an interim trade agreement nears finalisation
Over the last few years, India's exports to China have been contracting but imports have been on the rise
First tranche of bilateral trade pact likely in 2-3 days to avert higher US tariffs
Mercosur is a Latin American trading bloc, with Argentina, Brazil, Uruguay, Paraguay as its members
White House says President Trump will soon announce India-US trade deal; talks ongoing in Washington amid concerns over tariffs, GM crops, dairy and data localisation
Both countries have agreed to resume talks for an interim trade agreement in a volatile global scenario as part of their effort to reset diplomatic relations following a bitter fallout under Trudeau
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