Page 4 - Free Trade Agreement

India-EU FTA nears completion, says Goyal; focus now on non-tariff barriers

Piyush Goyal's remarks come just days after he claimed that the FTA between India and the four-nation European bloc will bring stability, predictability, and continuity to businesses in the regions

Looking to deepening ties, centrepiece is FTA: EAM on India-EU relations

Jaishankar stated that India gives "pretty high priority" to its relations with the EU, highlighting the growing interest in Europe over the past decade

India, EU likely to go for comprehensive FTA; GI pacts to follow later

India and the European Union (EU) are likely to agree upon a comprehensive free trade agreement (FTA) instead of an interim deal, an official said on Tuesday. However, the proposed investment treaty and a pact on geographical indications (GI) may not be concluded simultaneously. The official said that the situation remains dynamic in the free trade agreement negotiations. Negotiations for the "comprehensive agreement" between India and the EU are progressing at a rapid pace, and the deal could be concluded before the year-end, the official added. Earlier, there were discussions that an early harvest trade pact may be finalised before going for a comprehensive deal. In June 2022, India and the 27-nation EU bloc resumed negotiations for a comprehensive free trade agreement, an investment protection agreement and a pact on GIs after a gap of over eight years. A GI is primarily an agricultural, natural or manufactured product (handicrafts and industrial goods) originating from a defi

To revive manufacturing, India must focus on strengthening six key pillars

Despite its large economic size, India has struggled to integrate into manufacturing global value chains (GVCs), unlike many of its Asian peers

UK FTA: India may leave Pakistan, Türkiye behind in textile exports

India's apparel and home textiles shipments to the UK attract an 8-12 per cent import duty, that would be scrapped under the FTA expected to come into force in calendar year 2026

BTAs are the way to go in the new world order: CII President Sanjiv Puri

Puri said that the India-UK Free Trade Agreement (FTA) has set a template for future deals and will create opportunities for India to build alternate supply chains

Statsguru: India-UK FTA set to boost British investment prospects

The FTA has come at a time when the economic relations between India and the UK are growing, with their bilateral trade at roughly $60 billion, and projected to double by 2030

Smartphones, electric vehicles off limits in India-UK free trade agreement

Government officials said that while the deal was concluded on Tuesday, implementation could take over 15 months

UK unveils historic US trade deal at Tata Motors' Jaguar Land Rover factory

Days after confirming a landmark Free Trade Agreement (FTA) with India, British Prime Minister Keir Starmer on Thursday chose a Tata Motors-owned Jaguar Land Rover (JLR) factory in northern England to announce a historic trade deal with the US. Following a phone call with President Donald Trump, Starmer addressed JLR workers in Solihull to highlight the "big win" for the automotive industry as a result of car export tariffs being cut from 27.5 per cent to 10 per cent. This will apply to a quota of 100,000 UK cars, almost the total number Britain exported last year. We are the first country to secure such a deal with the United States and in an era with global insecurity and instability that is so important, said Starmer. We are sending a message to the world that Britain is open for business, striking trade agreements with India on Tuesday, with the US today and working to boost trade with other partners too, including of course the EU (European Union) with whom we have a really ..

India, Chile ink terms of reference for comprehensive free trade pact

India and Chile on Thursday signed terms of reference (ToRs) to negotiate a comprehensive free trade agreement. The two countries implemented a preferential trade agreement (PTA) in 2006 and are now planning to widen its scope for a comprehensive economic partnership agreement (CEPA). An expanded PTA was subsequently signed in September 2016 and became effective from May 16, 2017. In April 2019, both countries agreed to pursue a further expansion of the PTA. To deepen their economic engagement, both sides expressed their intention to negotiate a CEPA to unlock the full potential of their trade and commercial relationship, boosting employment, facilitating investment promotion, and cooperation and exports, the commerce ministry said. The CEPA aims to build upon the existing PTA between the two nations and seeks to encompass a broader range of sectors, including digital services, investment promotion and cooperation, MSME (Micro, Small and Medium Enterprises), and critical ...

India-UK trade deal signals that globalisation momentum remains strong

This agreement clearly reflects the importance of political momentum and compromise

US could be on losing side in the test of wills with China: Claude Smadja

There are limits to India-EU FTA, EU lobbies want protection, don't think will meet the timeline

India's meat, shrimp exporters hope for new markets with India-UK FTA

Indian exporters expect a rise in meat, shrimp, and spirits demand in the UK as tariff removal under the Free Trade Agreement opens access to South-East Asian diaspora

India-UK FTA: Automobile stocks up after the signing of trade deal

The auto-component industry which exports around $757 mn worth of parts to that country may benefit from the trade deal

No duty cuts by India on diamond, smartphones, fibres in UK trade pact

India seals FTA with UK but keeps duty shield on EVs, smartphones, diamonds, and other key goods to protect domestic industry and manufacturing base

India-UK FTA: From auto to textiles, India Inc hopes to reap benefits

Medical-device makers apprehensive due to the China factor

India-EU trade pact to address tariff and non-tariff barriers equally

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

India stresses focus on non-tariff barriers, import duty in EU trade talks

India has emphasised that resolving non-tariff barriers faced by businesses is as important as addressing import duty issues for meaningful progress in talks on the proposed free trade agreement with the European Union (EU), an official statement said on Friday. The progress of the talks was discussed during the meeting between Commerce and Industry Minister Piyush Goyal and European Commissioner for Trade and Economic Security Maros Sefcovic in Brussels. Both leaders also reaffirmed their shared resolve to conclude the India-European Union Free Trade Agreement (FTA) by the end of 2025. "India emphasised that meaningful progress in trade negotiations requires an equal focus on Non-tariff Barriers (NTBs) alongside tariff (import duty) discussions and regulatory frameworks must be inclusive, proportionate, and avoid restricting trade," the commerce ministry said. The country has earlier on multiple occasions flagged NTBs being faced by domestic industry in the European Union markets

India-US BTA: Officials discuss opportunities for 'early mutual wins'

Chief negotiator and commerce secretary designate Rajesh Agrawal, who headed a team of commerce department officials, held talks with his counterpart in Washington during April 23-25

Piyush Goyal meets UK counterpart Reynolds to resolve pending FTA issues

Government officials said that the trade deal talks between India and the UK are inching towards conclusion