Page 16 - India Us Trade Deal

India, US to sign first tranche of formal trade agreement by mid-March

India and the United States are set to sign the first tranche of a formal trade agreement by mid-March, Commerce and Industry Minister Piyush Goyal said, following a joint statement expected shortly

'Commercial viability key': MEA says open to Venezuela, other crude sources

The MEA said India is open to sourcing crude from Venezuela and other countries based on commercial viability, adding that energy security for 1.4 billion people remains its top priority

India-US trade deal: NSA Doval did not meet US State Secy Rubio, says MEA

MEA Official Spokesperson Randhir Jaiswal dismissed a report that claimed Ajit Doval met Marco Rubio, saying no such meeting or no such visit has taken place

India, US likely to sign joint statement on trade deal in 4-5 days: Goyal

India and the US are expected to finalise and sign a joint statement on the first tranche of the bilateral trade agreement in 4-5 days, Commerce and Industry Minister Piyush Goyal said on Thursday. After the joint statement is signed, the US will come out with an executive order on reducing tariffs on India to 18 per cent. At present, Indian goods attract a 25 per cent reciprocal tariff and a 25 per cent additional tariff for buying Russian crude oil. Goyal told reporters that a legal agreement for the first tranche of the pact is expected to be signed by mid-March. The joint statement will be followed by an exhaustive legal agreement, he said. Goyal also said that there is no investment commitment in this pact. Once the statement is signed, it will be converted into a legal agreement and mid-March, "We are hopeful of signing that legal agreement," Commerce Secretary Rajesh Agrawal said. The signing of the legal text will lead to a cut in tariffs by India on certain US goods.

Ready to 'elevate' relationship with India, says US Ambassador Sergio Gor

Gor's comments follow a trade deal announcement between India and the US earlier this week, after almost a year of negotiations between the two countries

India told Washington it wouldn't be bullied as trade talks resumed

India's national security adviser told US officials New Delhi would wait out Trump's term, even as it quietly worked to ease tensions and restart trade talks after months of tariffs and public insults

'Detailing of trade negotiations underway': EAM on India-US trade deal

The EAM's visit coincides with the agreement between two of the World's largest democracies on a trade deal

We framed this Budget on a larger plank, not based on any one incident: FM

The India-US trade deal, had it come a little earlier, would not have made the Union Budget any different, Finance Minister Nirmala Sitharaman said

Headwinds may be turning into tailwinds for foreign inflows: FM Sitharaman

FM Nirmala Sitharaman says another round of Customs clean-up soon

Over 40% of India's US exports already face zero duty, shows govt data

More than two-fifths of India's exports to the US faced no tariffs before trade agreement was sealed

IPO pipeline stirs as markets rebound, but deal sizes continue to shrink

A rebound in equities after the India-US trade deal has lifted primary market sentiment, though companies are launching IPOs at materially reduced sizes amid valuation caution

Jaishankar, Rubio mull framework for critical minerals exploration

EAM S Jaishankar meets top US leaders in Washington as India and the US welcome a new trade deal and push cooperation on critical minerals, energy and supply chains

Leather industry looks at boom year with US, EU trade deals in bag

India-US and India-EU trade deals lift sentiment for leather exporters, who expect stronger orders, factory expansion and job creation as global sourcing shifts to India

US trade deal to spur investments into India, says Sebi Chairman Pandey

No fresh measures planned to tighten derivatives trades

Diversifying energy sourcing amid changing global dynamics: Goyal

Commerce and industry minister Piyush Goyal told Parliament that India protected key food and agriculture interests in the trade deal with the US, while both sides addressed sensitive areas

A season for textiles, from Union Budget to biggest India Art Fair so far

As textiles return to the policy spotlight, India Art Fair reflects this moment, exploring fabric and fibre as living archives of labour, identity, and cultural memory

India's trade deals are a win, but fiscal vulnerabilities are also growing

India weathered the Trump tariff shock better than expected, but high public debt and slower fiscal consolidation pose risks even as trade deals lift growth and investor sentiment

India's Russian crude imports fall 12% in January from December, shows data

Indian refiners have been redrawing crude import strategies in recent ​months to shift away from top supplier Russia and boost imports from the Middle East

Kremlin says India's oil diversification 'nothing new' amid US trade deal

After India-US trade deal, Kremlin says India has always bought oil from many countries; Moscow sees India's plan to diversify oil supplies as nothing new or surprising

Breaking the glass wall: Why the India-US trade deal works for India

The India-US trade agreement should be seen as a win for consumers and producers, with debates on protectionism and strategic autonomy often missing the economic trade-offs involved