US commerce secy says agri can't be off the table for talks
The tacit reason for QCOs is to prevent substandard goods from China that many worry are flooding Indian markets
On Wednesday, US president Donald Trump reiterated his stance to impose reciprocal tariffs on counties, including India from April 02, 2025, during his address to the Congress
The country should convert the Trump threat to an India opportunity, re-embracing a more liberal trade regime as a way of reviving manufacturing output and exports
While a trade deal between India and US looks natural, given differences in economic structure, India will need to improve quality of its exports failing which US will simply turn to other producers
Experts upbeat as this comes after Trump's comments on India being the 'biggest tariff abuser'
Economics and geopolitics are intertwined, at least in the context of China, and it is in the interests of both the US and India to continue cooperating
Modi's trip to the US on February 12 and 13 comes as Trump plans to announce reciprocal tariffs on many countries, a move aimed at reshaping global trade relationships in favour of United States
Earlier trade used to be in range of $15-18 billion, and was always seen to be used on the defence, aircraft, the air force, with mostly the industries of defence and aeronautics seen to be involved
EFTA representatives will be in the national capital with more than 100 investors
India's latest accommodation came on Saturday, when government unveiled the first-ever overhaul to its tariff regime, which included sweeping cuts to duties on imports from textiles to motorcycles
It would have been better had the government gone in for across-the-board Customs duty rationalisation instead of picking and choosing sectors across the board
The survey noted that India's external debt has remained stable over the past few years
To deal with the challenges, the Survey suggested that India needs to remain competitive and enhance its participation in global supply chains
Economists expect measures to raise disposable incomes and tariff cuts to encourage local manufacturing
Since the IES expired on December 31, the commerce department is seeking approval for a slightly modified version of the scheme to cover at least MSMEs
He also reiterated India's longstanding concern regarding the Most Favoured Nation (MFN) status, which India had extended to Pakistan but which Pakistan didn't reciprocate
India and Iran on Friday carried out a comprehensive review of their ties including the joint development of the Chabahar port, ways to boost trade and economic engagement and possible cooperation in agriculture and some other sectors. At the 19th India-Iran Foreign Office Consultations held in Delhi, the Iranian side is learnt to have requested New Delhi to explore ways to resume procurement of Iranian crude oil. India stopped the procurement of crude oil from Iran in mid-2019 following sanctions imposed on the Persian Gulf nation by the United States. The Iranian delegation at the talks was led by Deputy Foreign Minister Majid Takht Ravanchi while the Indian side was headed by Foreign Secretary Vikram Misri. Ravanchi met External Affairs Minister S Jaishankar and the discussions focused on bilateral matters and current regional challenges. "Discussed our bilateral ties, progress in Chabahar port and regional developments. Confident that the Foreign Office Consultations will give
India's trade relations with the world have evolved in the last 25 years. New partnerships have been forged, old ones have been strengthened, but challenges remain
Experts fear that Indian exporters might have to pay higher duties while exporting pharmaceuticals, textiles, chemicals, and engineering goods