Page 14 - India Trade Policy

Few gains at WTO

Basic functioning must be repaired

Gaining momentum: Petro product exports fire up after fall in January

In Feb, country regains market share in diesel shipments, India's most-valued export to Europe, putting a check on US expansion

India's trade pacts with EFTA positive signal of economic integration: GTRI

Successful conclusion of India's proposed trade agreements with the UK, Oman and four European nation bloc EFTA will reflect its commitment to trade liberalisation and economic integration at a time when the whole world is turning protectionist, according to a report. Economic think tank Global Trade Research Initiative (GTRI) said the free trade agreements (FTAs) have become pivotal instruments for India's economic expansion and integration into the world market. These nations and the bloc are eager to finalize these agreements before the upcoming general elections, GTRI said, adding the talks are on the verge of conclusion. Signing of these three agreements will take India's FTA tally from 13 to 16. Number of countries with comprehensive FTAs will go up from 22 to 28. In addition India has six small scope PTAs (preferential trade agreements). Last pact was signed with Australia in March 2022. "Everyone wants to do an FTA with India. The main reason for this is India's high impo

WTO ministerial: Agri reforms to e-com, India to stand ground on key issues

India has found support from a group of developing nations at the WTO, including Africa on this issue. However, developed countries view this as a subsidy for farmers and as a distortion to trade

Foreign investors pursue every avenue to access hot India bond trade

Indian sovereign bonds have gained prominence after JPMorgan Chase & Co.'s move to add them to its global debt indexes from June

Rethink trade

India's attitude to WTO negotiations needs more clarity

India, New Zealand working to address trade barriers, says envoy David Pine

The Joint Trade Committee (JTC) was established under the 1986 India-New Zealand Trade Agreement

Progress of India-UK trade pact talks reviewed at highest level: Report

With the negotiations for the proposed India-UK free trade agreement reaching an advanced stage, the Prime Minister's Office reviewed the progress of the talks on February 16, sources said. Commerce and Industry Minister Piyush Goyal and Commerce Secretary Sunil Barthwal were also present in the meeting, they said. "The talks for the agreement are at a crucial stage now. About three reviews have happened so far at the highest level," they said, adding both countries are working to iron out differences on the remaining issues. The commerce secretary recently stated that the negotiations were taking time because "we want" to safeguard India's interest. "India should commercially gain out of it and we should also be able to safeguard the interest of our farmers, PLI (production linked incentive) scheme goods. So, we are there to see that the deal is a fair deal," he said. So far 13 rounds of talks have been completed and the 14th round started on January 10. Some of the key issues .

Govt rejects EFTA's data exclusivity demand to protect generic drug cos

Commerce secretary Sunil Barthwal on Thursday said that there is no free trade agreement (FTA) in which India will go against the generic drug industry

India closes in on Vietnam for tag of 'alternative to China' in tech sector

Owing to the persistent strain in US-China relations, Chinese supply chains have been looking at moving out of their country to locations which the US considers to be 'friendly'

Six Indian markets offer counterfeit products, shows US report

For instance, Heera Panna market reportedly offers counterfeit watches, footwear, accessories, and cosmetics that may have health and safety risks

How to enforce climate agreements with trade measures

Future climate-change COPs can focus on other consequential issues, rather than on crafting the right mix of hollow words that everyone can agree on

Silver imports likely to pick up pace after falling over 63% in 2023

High prices and previous year's base weighed on the precious metal

UK delegation meets top govt officials in final push for trade agreement

For India, the cut-off date is model code of conduct. Talks will stop once it sets in

Leverage free trade agreements to our benefit, Piyush Goyal tells industry

There were also discussions on the priorities identified in the Foreign Trade Policy (FTP) 2023 and the strategies and measures to be adopted to take forward the export growth

Trade deficit falls to three-month low of $19.8 billion in December

Merchandise imports, meanwhile, grew 8.45 per cent to $58.25 billion, boosted by gold imports

Likely pact with Oman comes as a welcome surprise in India's FTA drive

CEPA is also commonly referred to as a free trade agreement, or FTA. The next round of talks for it with Oman are scheduled to start on January 16

India to press for social security pact at Trade Policy Forum meet with US

New Delhi will raise issues of visa delay, exports of pharma goods and marine products

India to seek greater market access for mangoes in TPF meet with US on Fri

India will raise a number of issues with the US such as inking social security pact, and greater market access for mangoes in America during the Trade Policy Forum (TPF) meet here on Friday, an official said. The official said India will also raise issues pertaining to delay in visa; increasing exports of table grapes, pharma goods, and marine products like wild caught fish and shrimp; reinstating the Generalized System of Preferences (GSP) status to India; and export control regulations for high-tech products and technologies. The 14th TPF meet will be co-chaired by US Trade Representative Katherine Tai and Commerce and Industry Minister Piyush Goyal here. Social security, or totalisation agreement, is a long-pending demand of the country, as it will provide social security to Indian professionals in America. This would eliminate dual social security deduction, both in the home country and in the nation where an employee works. Under this, an expatriate in either country need not

Inter-ministerial meeting next week to discuss ongoing Red Sea crisis

The development comes in the backdrop of the Red Sea crisis impacting global trade