Page 14 - India Trade Policy

India limits market access in financial services to EFTA countries

The FTA text says the opening of branches by foreign banks in branch or wholly-owned subsidiary (WOS) mode shall also be subject to the requirements

Iceland's foreign min arrives in Delhi to boost ties in trade, investment

Sharing on social media 'X', Randhir Jaiswal stressed that Benediktsson's visit will further strengthen India-Iceland ties, including in trade and investment

UK team heads back to London with Round 14 of FTA talks still open

Sources said the UK is "proud" of all that has been achieved so far and that the Prime Minister Rishi Sunak-led government remains committed to securing a "comprehensive and ambitious" FTA and BIT

FDI inflows shrink by 21% to $41.31 billion in 2023, shows DPIIT data

The sustained contraction in investment inflows comes against the backdrop of uncertainties and challenges in the global economy

Deepening US-India ties through innovation, trade

This trade mission builds on US Secretary of Commerce Gina Raimondo's March 2023 trip to India to co-lead the US-India Commercial Dialogue

WTO MC13: India blocks EU proposal to link trade with industrial policy

The proposal was a major ask by the EU

Decoded: Differences remain amid some headway at WTO ministerial conference

Issues like subsidies, public stockholding for food security persist

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