Page 2 - India Trade

EU's new GSP curbs impact only 2.7% of India's exports to the bloc: Govt

The EU's revised GSP rules will affect just 2.66% of India's exports to the bloc, with most major industrial sectors already graduated due to higher competitiveness

Lula's visit to focus on defence, open office of Brazilian trade in Delhi

Brazilian President Lula will visit India from Feb 19-21 to inaugurate an ApexBrasil office in New Delhi, attend the AI World Summit and sign agreements spanning defence, critical minerals, energy

India, EU near FTA finish line, aim to close talks at January 27 summit

India and the European Union are in the final and most difficult phase of free trade agreement talks, with both sides aiming to announce the conclusion at the India-EU Summit in New Delhi on January 2

Datanomics: Skew towards UAE continues in bilateral trade with India

India-UAE trade crossed $100 billion in FY25, but rising imports-especially energy-have widened India's trade deficit despite CEPA-driven export diversification

European Union suspends GSP export benefits; to impact India's shipments

EU has withdrawn GSP tariff benefits on 87% of Indian exports from January 2026, raising duties on key sectors and hitting competitiveness ahead of the India-EU FTA

Maharashtra overtakes Tamil Nadu in NITI's 2024 export preparedness index

Maharashtra has emerged as the most prepared large state in NITI Aayog's Export Preparedness Index 2024, overtaking Tamil Nadu as several other states gain ground

US plans extra 25% tariff over Iran trade: What it means for India

India could face a sharp rise in US tariffs after Donald Trump announced a 25 per cent duty on countries trading with Iran, adding pressure on exporters already hit by higher levies

US Ambassador-designate says India to be a part of Pax Silica: Details

Gor, who assumed office as the US ambassador to India on Monday, said that no country is as essential as India for Washington

Modi didn't call Trump: Lutnick on why India-US trade deal didn't happen

US Commerce Secretary Howard Lutnick also added that the US had expected the trade deal with India to be closed before others

Venezuela tension unlikely to have big impact on India trade: Experts

US action in Venezuela may lift oil prices briefly, but officials say India's energy supplies and trade face minimal risk given limited exposure and reduced crude imports

India in talks with US to join Pax Silica silicon supply chain block

After being left out initially, India is now in talks with the US to join the Pax Silica silicon supply chain initiative, with a US official signalling possible entry in early 2026 as the bloc expands

India-New Zealand trade deal finalised: Which sectors are set to gain?

The deal includes sweeping tariff cuts, expanded services access, enhanced labour mobility and a long-term investment commitment

India-New Zealand FTA to bring in $20 bn investment, visa access boost

The India-New Zealand FTA promises $20 billion investment over 15 years, zero-duty access for Indian exports and a new capped skilled visa pathway for Indian professionals

Exports jump 23% at $38.13 billion in November, imports down 1.88%

Exports during April-November were up 2.62 per cent to $292.07 billion, while imports during the eight months rose by 5.59 per cent to $515.21 billion

US officials to visit India next week for bilateral trade talks: Report

A team of officials from the US is expected to visit India next week for talks on the proposed bilateral trade agreement, sources said on Thursday. The visit is crucial as India and the US are working to finalise the first tranche of the pact. "The team is likely to come next week. Dates are being finalised, and discussions are on," said one of the sources. This visit of the US officials would be the second after the imposition of a 25 per cent tariff and an additional 25 per cent penalty on Indian goods entering the American market for buying Russian crude oil. Earlier, the team had visited on September 16. On September 22, Commerce and Industry Minister Piyush Goyal also led an official delegation to the US for trade talks. He was accompanied by the then special secretary in the ministry, Rajesh Agrawal and other officials. Agrawal is now India's commerce secretary. The USA's Chief Negotiator for the pact is Brendan Lynch. The next week's visit would be important as Agrawal h

India, Canada agree to restart stalled talks for new trade deal: Govt

The restart of talks highlights thawing relations between the two countries as Carney pushes to expand trade ties beyond the US, its biggest trading partner

Board of Trade to meet on Tuesday to discuss strategies to boost exports

The Board of Trade (BoT) is scheduled to meet on Tuesday, chaired by Commerce and Industry Minister Piyush Goyal, to discuss strategies to boost India's exports amid the steep tariffs imposed by the US, an official has said. Headed by the minister, the board includes participants from various states, Union territories, and senior officials from the public and private sectors. In the meeting, representatives of export promotion councils, along with other participants, will present their views on the export sector. "The BoT is meeting on November 25," the official said. The meeting is important as the country's exports fell by a steep 11.8 per cent to USD 34.38 billion in October on account of the impact of high tariffs by the US, while the trade deficit widened to a record high of USD 41.68 billion, mainly due to a jump in gold imports. India and the US are negotiating a bilateral trade agreement. The first phase of the pact is expected to be announced soon, which would address the

India, Afghanistan to appoint commercial attaches to boost bilateral trade

India and Afghanistan have decided to appoint dedicated commercial attachs in each other's capitals to revitalise bilateral trade currently valued at over USD 1 billion. The decision has been taken during a bilateral meeting between Afghanistan's Minister of Industry and Commerce Hajji Nooruddin Azizi and Minister of State for Commerce and Industry Jitin Prasad here on Thursday. "In yesterday's meeting with the External Affairs Minister and the Minister of State for Commerce, both sides agreed to depute trade attaches in each other's embassy to oversee and support bilateral trade cooperation. Afghan minister will soon be sending a trade attache to the embassy here," M Anand Prakash, Joint Secretary (PAI division), said on Friday. Prakash also stated that the air freight corridor on the Kabul-Delhi sector and Kabul Amritsar routes have been activated. "Cargo flights on these sectors will commence very soon.This will significantly enhance and further strengthen our bilateral trade,"

Trade portal to open new insights for importers, exporters, startups: Goyal

The Trade Intelligence and Analytics (TIA) portal will open up new insights for importers, exporters, startups, and MSMEs of the country, Commerce and Industry Minister Piyush Goyal has said. Launching the portal here on Tuesday, he said the platform will help exporters better utilise the free trade agreements implemented by India so far. Developed by the Department of Commerce, the TIA Portal is a one-stop trade intelligence and analytics platform that integrates multiple global and national databases along with macro-economic indicators into a unified analytical model offering over 270 analytics. The platform provides real-time, interactive insights on India and global trade, commodities and sectoral analytics, market intelligence, including export opportunities, and competitor analysis. It also includes automated trade reports and tracking of trade trends for manufacturing sectors related to PLI (production linked incentive) and critical minerals. Vanlalram Sanga, Economic Advi

Exports dip 11.8% to $34.38 bn in Oct; trade deficit widens to $41.68 bn

Exports to the United States also declined, dropping to $6.3 billion in October from $6.9 billion a year earlier