By giving up diplomatic relations with Taiwan and recognising PRC, India has voluntarily limited its negotiating space with China
India and the US desire to give preferential market access to each other's businesses and teams of both the countries are working together on the proposed bilateral trade agreement, Commerce Minister Piyush Goyal has said. In February, US President Donald J Trump and Prime Minister of India Narendra Modi announced plans to negotiate the first tranche or phase of a mutually beneficial, multi-sector Bilateral Trade Agreement (BTA) by fall (September-October) of 2025. It is aimed at more than doubling the bilateral trade to USD 500 billion by 2030 from the current level of USD 191 billion. "Both countries are committed to work together, both countries desire to give preferential access to each other's businesses and we are working towards the bilateral trade agreement," Goyal told reporters here. Goyal is here on an official visit to hold talks with French leaders and business representatives to boost trade and investments. When asked about an announcement of Trump to double tariffs o
May negotiate favourable conditions under BTA
". These landmark agreements will further deepen our Comprehensive Strategic Partnership, and catalyse trade, investment, growth..." PM Modi said
The April 22-26 visit came ahead of Prime Minister Narendra Modi's three-nation Europe tour to Croatia, Netherlands and Norway in May
India's point-person on Afghanistan Anand Prakash held talks with Taliban's acting Foreign Minister Amir Khan Muttaqi and discussed political and trade issues, Afghan media reported on Sunday. In the meeting held in Kabul, the acting foreign minister emphasised the expansion of political and economic relations with India, Tolo news reported. Muttaqi emphasised the increase in diplomatic and economic relations between the two countries and added Indian investors should take advantage of opportunities to invest in Afghanistan, the media outlet said quoting an Afghan spokesperson. The visit by Prakash, the joint secretary heading the division for Pakistan, Afghanistan and Iran in the Ministry of External Affairs, comes amid rising tensions between India and Pakistan over the Pahalgam terror attack. It is not known whether the issue figured in Prakash-Muttaqi talks. India has not yet recognised the Taliban regime in Afghanistan and has been pitching for the formation of a truly inclus
India is likely to ask the US to ease export controls and grant it access to critical technologies on par with key American allies like Australia, the UK, and Japan under the proposed bilateral trade agreement (BTA), sources said. They added that India may seek these easing for sectors like telecom equipment, biotechnology, AI (artificial intelligence), pharmaceuticals, quantum computing and semiconductors. The country is also seeking duty concessions for labour-intensive sectors like textiles, gems and jewellery, leather goods, garments, plastics, chemicals, shrimp, oil seeds, chemicals, grapes and bananas in the proposed pact with America. On the other hand, the US wants duty concessions in sectors like certain industrial goods, automobiles (electric vehicles particularly), wines, petrochemical products, dairy, agriculture items such as apples, and tree nuts, they said. As part of the proposed BTA, one of the sources said, India may request the US to place it on par with other ke
India is on the brink of becoming the first nation to clinch a trade pact with the US, potentially dodging Trump's steep 26 per cent tariff and deepening economic ties
The factsheet said the United States has long recognised significant trade barriers with India
Both sides discuss energy, defence, and strategic tech in bilateral meet
A formal meeting between Vice President Vance and Prime Minister Narendra Modi is scheduled for 6.30 pm on Monday at the Prime Minister's official residence
Trump administration officials have named India as one of several countries the US is prioritising negotiations with during the 90-day pause on higher duties
The expert believes it's in Bangladesh's interest to enhance its relationship with India and increase economic exchange
Jaishankar emphasised a shift in the national mindset--from one of apprehension to one of assertive optimism
India and the US have finalised terms for the first phase of their trade deal, aiming to boost bilateral trade to $500 billion by 2030 and deepen strategic economic ties
These sectoral engagements under the proposed Bilateral Trade Agreement (BTA) framework between both nations will begin virtually this week
Lays out priority areas like digital tech, infra, RE among others to enhance ties
The official stated that the there was a possibility of a "win-win shape and form" to the deal in the next 90 days
External Affairs Minister S Jaishankar said the world is heading towards a period of sharp competition and contestation, where the planning is going to be much harder for different countries
India and Russia discussed initiatives to strengthen economic ties and affirmed their commitment to expanding investment collaboration