Page 5 - India Trade Policy

With July 9 deadline near, stock markets shrug off US tariff worries

Cautious optimism builds as investors bet on a delay or deal

India-US trade deal to be finalised soon: White House Press Secretary

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

India pursuing FTAs with mature, rule-bound markets: S Jaishankar

External Affairs Minister S Jaishankar says India's trade policy has shifted in the past 11 years to target transparent and stable economies over Southeast Asian competition

Jaishankar calls India's trade pacts with mature markets 'space to watch'

Jaishankar says India is now focusing on FTAs with mature, rule-bound markets like the UK, EU, and US, moving away from Southeast Asia to ensure balanced, transparent trade partnerships

India's trade with GCC in focus amid Iran-Israel ongoing conflict

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's overzealous anti-dumping response may gradually fuel protectionism

Its liberal use of anti-dumping duties risks turning into protectionism - and may do more harm than good

Trying to seek early resolution to China's curbs on rare earth magnets: MEA

MEA says India is in touch with China over rare earth export curbs imposed in April and seeks predictable supply chains aligned with international practices

India, US move closer to trade deal after a week-long negotiations

India and the US teams discussed issues pertaining to market access, digital trade, and customs facilitation during the week-long deliberations on the proposed bilateral trade agreement, an official said. According to the official, both sides agreed to continue negotiations to achieve an expeditious conclusion of the initial tranche of the BTA. India and the US are working towards negotiating the first tranche of a mutually beneficial, multi-sector Bilateral Trade Agreement (BTA) by fall (September-October) 2025. To advance the objective of concluding a comprehensive and forward-looking BTA, a US delegation led by Additional US Trade Representative visited India from June 4-10. "During the visit, in-depth negotiations were held on various elements of the proposed BTA that among others included areas such as market access, SPS (sanitary and phyto-sanitary/TBT (technical barriers to trade), digital trade, customs and trade facilitation and legal framework," the official said. The ..

FTA negotiations: European Union relents on raw material supply clause

Bloc earlier wanted India to commit to uninterrupted supply

India-EFTA trade pact to boost stable, predictable business ties: Goyal

The free trade agreement (FTA) between India and the four-nation European bloc EFTA will bring stability, predictability and continuity to businesses in the regions, Commerce and Industry Minister Piyush Goyal said on Tuesday. He said while India provides huge market and skilled professionals, Switzerland has advanced manufacturing capabilities. The two sides signed the Trade and Economic Partnership Agreement (TEPA) on March 10, 2024. Under the pact, India has received an investment commitment of USD 100 billion in 15 years from the grouping while allowing several products such as Swiss watches, chocolates, and cut and polished diamonds at lower or zero duties. The European Free Trade Association (EFTA) members are Iceland, Liechtenstein, Norway, and Switzerland. "The agreement will give stability, predictability and continuity in the partnership," Goyal said here while addressing businesses of both regions. The agreement is expected to be operationalised from October. He added

From non-negotiable to liberal: India sets agri tariff tiers for US

Concessions unlikely on grains; approach lenient towards almonds, blueberries

US signals trade deal with India before July 9 reciprocal tariff deadline

Ready to give New Delhi preferential access in select sectors: Lutnick

WTO chief urges India to support proposal on investment facilitation

World Trade Organization chief Ngozi Okonjo-Iweala on Tuesday urged India to support the China-led proposal on investment facilitation for development as several developing countries are backing the initiative. The Director General of the Geneva-based body said she discussed several issues like WTO reforms and agriculture with Indian Commerce and Industry Minister Piyush Goyal. The Indian minister is here on an official visit. "We need India as a leader. India is a leading country, and India is doing well. So, India needs to open the way for other developing countries, for example, on investment facilitation for development, we want it to support, because so many developing countries - 90 out of the 126 who are members, would like to move with this," she told reporters here. But for agriculture, "we also need" to listen to what India's issues are and try to be supportive. A China-led group of 128 countries is pushing for the Investment Facilitation for Development (IFD) proposal.

Defence, trade, tech discussed during foreign secy Misri's visit to US

Foreign Secretary Vikram Misri visited Washington DC from May 27 to 29, where he held a series of high-level engagements with senior officials of the US Administration.Foreign Secretary Misri held wide-ranging discussions with counterparts across the Department of State, National Security Council, Department of Defence, Department of the Treasury, and the Department of Commerce, the Ministry of External Affairs said in a statement.The visit was a follow-up to the Prime Minister's visit to the United States on February 13, during which both sides launched the India-U.S. COMPACT (Catalysing Opportunities for Military Partnership, Accelerated Commerce & Technology) for the 21st Century.Deputy National Security Advisor Pavan Kapoor was also part of the Indian delegation.According to MEA, at a luncheon meeting with Deputy Secretary of State Christopher Landau, both sides reviewed the full spectrum of the bilateral agenda. They underscored that Technology, Trade, and Talent would be .

India's auto duty offer under UK FTA linked to engine, vehicle price quotas

India's duty concession offer for the auto sector under the free trade agreement (FTA) with the UK is "very nuanced" with relaxations and quotas linked to engine capacity and vehicle prices, an official said. India has included adequate safeguards in the agreement with the UK to protect its sensitive sectors and in the automobile segment, the import duty will be reduced over 10-15 years, the official said. "The duty cut and quota depends on engine capacity and price of vehicles. A lot of nuances are there in the auto sector. India's offer to the UK is very nuanced," the official added. India and the UK, on May 6, announced the conclusion of negotiations for the trade pact that will lower tariffs on 99 per cent of Indian exports and would make it easier for British firms to export whisky, cars and other products to India, besides boosting the overall trade basket. The aim is to double the two-way commerce by 2030 from the present USD 60 billion. Tariffs on automotive imports will b

Bustling Petrapole border belies faltering India-Bangladesh trade

Cross-border trade is quietly dwindling amid strained ties between the two neighbours

India's marine exports jump 18% in April amid US tariff clouds

Price escalation due to the baseline tariff of 10 per cent imposed by the US on all exports from India will be adjusted by the market in the next few months, a senior official said

India saw lower spike in the uncertainty index amid Trump's tariffs

Other emerging markets have seen greater volatility

Uber gets CCPA notice for asking users to tip in advance for quicker rides

Union Minister Pralhad Joshi slammed Uber's practice as unethical and exploitative, while the consumer protection body issued a notice to the cab aggregator over the move

Datanomics: Imports of readymade garments from B'desh to suffer amid curbs

As on 31st March 2024, India had 12 operational land ports, out of which 6 were with Bangladesh. Two out of these six - Dawki and Sabroom became operational in 2023 and 2024 respectively