Page 6 - India Trade Policy

Andean aspirations: Why is India cosying up to Chile for a trade deal?

While both sides have shared trade interests such as agricultural products and services, the elephant in the room is Chiles expansive reserves of critical minerals, key among them being lithium

Bengaluru's wholesale cloth merchants suspend trade with Turkey, Azerbaijan

The Bangalore Wholesale Cloth Merchants Association (BWCMA) has decided to cease all import and export of textiles to and from Turkey and Azerbaijan, with immediate effect, citing their recent "support" for Pakistan in the wake of 'Operation Sindoor'. The BWCMA have declared their unanimous decision in this regard. "This collective action has been taken after careful deliberation and in alignment with our commitment to ethical business practices, national sentiment, and the interests of our trade community. As responsible stakeholders in the textile trade sector, we believe it is essential to take principled stands when necessary," BWCMA President Prakash Pirgal said in a statement. "Accordingly, all our members have agreed to: halt all current and future import of textile goods from Turkey and Azerbaijan, cease all ongoing or planned export activities to these nations, and refrain from engaging in any indirect trade through intermediaries or third-party countries that may involve .

India reviews US push to lift ethanol curbs amid trade deal talks

India is examining a US request to open ethanol imports for fuel use as part of broader trade negotiations, sparking concerns from domestic producers over policy reversal

India's trade gap widens in 'tariff tantrum' month; exports surge 9%

Data released by the commerce department showed in the first month of FY26, exports grew 9 per cent to $38.5 billion while imports shot up by 19.1 per cent to $64.91 billion

India-US trade pact talks moving forward smoothly: Commerce Secretary

India and the US are making steady progress on a bilateral trade deal, with high-level talks scheduled in Washington as both nations explore early wins and deeper economic cooperation

India's trade relations with Turkey, Azerbaijan hit amid Pakistan conflict

India's trade relations with Turkey and Azerbaijan are expected to come under strain due to Ankara and Baku backing Islamabad and condemning India's recent strikes on terror camps in Pakistan. Following their support to Pakistan, calls for Turkish goods and tourism have surfaced across the country, with online travel platforms such as EaseMyTrip and Ixigo issuing advisories against visiting these nations. In fact, Indian traders too have started boycotting Turkish products such as apples and marble. India launched Operation Sindoor on May 7 to destroy nine terror infrastructures in Pakistan and Pakistan-occupied-Kashmir in retaliation for the Kashmir's Pahalgam terror attack on April 22. All subsequent retaliations for Pakistani offensives were carried out under 'Operation Sindoor'. India and Pakistan on Saturday last announced reaching an understanding to stop all firings and military actions on land, air and sea, with effect from 5 pm that day. During the conflict, Pakistan u

No urgency to put retaliatory tariffs on US, says Indian official

India on Tuesday informed the WTO that the safeguard measures by the US would affect $7.6 billion exports by India into the United States

India's retaliatory tariff plan may strain trade pact talks with US: GTRI

India's proposal to impose retaliatory import duty on certain US products in response to American tariffs on steel and aluminium could cast a shadow over ongoing negotiations for a trade agreement between the two countries, think tank GTRI said on Tuesday. The Global Trade Research Initiative (GTRI) said that if the US engages in consultations with India on the matter or withdraws tariffs, a resolution may be reached. Otherwise, India's retaliatory import duties could take effect in early June, potentially impacting US exporters and deepening trade frictions, it added. In a significant move targeting US safeguard duties on steel, aluminium, and their derivative products, India has formally notified the World Trade Organisation (WTO) of its intention to suspend trade concessions granted to the US. The proposed suspension of concessions could take the form of increased tariffs on selected US products. While India has not disclosed those items yet, in a similar move in 2019, it had ..

India, Chile to begin negotiations for comprehensive trade deal in May

First CEPA negotiation round between India and Chile to begin May 26 in New Delhi aiming to expand the existing PTA and deepen economic cooperation across key sectors

Pahalgam attack: Pakistan shuts ports for Indian ships in tit-for-tat move

In a directive issued by Pakistan's Ministry of Maritime Affairs, Indian flag carriers would no longer be permitted at any Pakistani port

India bans all imports from Pakistan over security, public policy concerns

India issues a commerce notification banning all imports from Pakistan, including indirect or in-transit goods, amid heightened tensions after a terror attack in Pahalgam

Last-mile hurdles keep India-UK FTA elusive despite intense talks

The development follows Commerce and Industry Minister Piyush Goyal's visit to London, where he was on a two-day trip starting Monday

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

Commerce secy visits Croatia, Netherlands to boost trade, investment ties

The April 22-26 visit came ahead of Prime Minister Narendra Modi's three-nation Europe tour to Croatia, Netherlands and Norway in May

Indian goods worth $10 bn annually reach Pakistan via third countries: GTRI

Indian goods worth over USD 10 billion are reaching Pakistan every year indirectly through ports such as Dubai, Singapore, and Colombo, bypassing trade restrictions, according to estimates of economic think tank GTRI. Explaining the system, Global Trade Research Initiative (GTRI) said that Indian firms send goods to these ports, where an independent company offloads the consignment and keeps the products in bonded warehouses, where goods can be stored without paying duties while in transit. "In the bonded warehouse, the labels and documents are modified to show a different country of origin. For example, Indian-made goods may be relabelled as 'Made in UAE'. After this change, they are shipped to countries like Pakistan, where direct trade with India is not allowed," GTRI Founder Ajay Srivastava said. This method, he said, helps firms to bypass India-Pakistan trade restrictions; sell goods at higher prices, using the third country route; and avoid scrutiny, since the trade appears to

India won't allow transshipment of goods to other regions: Piyush Goyal

Says govt has been able to protect domestic steel industry from 'dumping'

Trump's tariff war helps India's edible oil prices soften by 7-8%

Sharp drop in crude oil rates over fears of a recession contributed to softening of the global edible oil markets

Serious lack of reciprocity in trade with India: USTR Jamieson Greer

The factsheet said the United States has long recognised significant trade barriers with India

J D Vance nudges India to drop non-tariff barriers for US businesses

While Trump has been labelling India as a high tariff nation and a 'tariff king', Vance refrained from using such words against India

India should restore soybean exports to US in bilateral trade talks: SEA

India should prioritise reviving exports of organic non-GMO soybean and soybean meal to the United States during ongoing Bilateral Trade Agreement (BTA) negotiations, industry body Solvent Extractors Association (SEA) said on Monday. India previously exported 150,000-200,000 tonnes of organic, non-GMO soybean products to the US before safeguard duties imposed after opposition from domestic US producers effectively halted this trade, according to SEA. "It is essential that the Ministry of Commerce pursues the revival of these exports as part of the ongoing BTA discussions," SEA President Sanjeev Asthana said in a statement. The two countries are currently negotiating a bilateral trade agreement that includes discussions on key agricultural commodities such as soybean and maize. SEA also raised concerns about non-standardised packaging of edible oils following regulatory changes in 2022, saying varied pack sizes like 800 gram, 810 gram and 850 gram have created consumer confusion and