Page 2 - Trade Agreements

Interpreting US trade deal: Focus on the gains from import liberalisation

Amid political criticism, the India-US trade pact highlights how lower tariffs and deeper reforms could lift productivity and growth, if intent turns into binding change

Got India's commitment to stop buying Russian oil: US Secretary of State

US Secretary of State Marco Rubio has said that India has committed to stop buying Russian oil, days after New Delhi reiterated that "national interests" will be the "guiding factor" for India's energy procurement. US President Donald Trump, while announcing a trade deal with New Delhi early in February, claimed India had agreed to not procure crude oil from Russia. Since then, the US has claimed multiple times that India will stop buying oil from Russia. Speaking at the Munich Security Conference on Saturday, Rubio said, "In our conversations with India, we've gotten their commitment to stop buying additional Russian oil." Rubio was responding to a question on the Russia-Ukraine war and the sanctions imposed on Moscow. After announcing the deal, in an executive order, Trump rolled back an additional 25 per cent tariffs on India that he imposed in August last for India's procurement of crude oil from Russia. Earlier, India had said that it would maintain multiple sources for crud

Indo-US trade deal is not just about trade, it matters for growth

The deal shifts the US posture towards India from hostile to neutral, and that matters for growth

Trade agreements open doors, but India still isn't investment-ready

Creating the groundwork for shovel-ready investment would require hard work to reverse all of India's deep-seated problems

India, US trade framework offers tariff clarity for exporters: Experts

The finalisation of a framework for signing a trade pact between India and the US has provided an immediate certainty and predictability to domestic exporters at the tariff front, experts say. As per the framework, the US will reduce reciprocal tariffs on India to 18 per cent from 25 per cent. The US has already removed the additional 25 per cent punitive tariff which it imposed on India for buying Russian crude. They said that the tariff on India is the lowest compared to its competitor nations such as China, Indonesia, Vietnam and Bangladesh. Rudra Kumar Pandey- Partner, Shardul Amarchand Mangaldas Co, said the framework provides much-needed operational clarity on the recent tariff rationalisation. The framework explicitly confirms that a reciprocal tariff rate of 18 per cent will apply across several key Indian export sectors, including textiles and apparel, leather and footwear, plastics and rubber, organic chemicals, home decor, artisanal products, and selected machinery ...

India-US trade deal: India's economic moves come with strategic strings

Pax Silica and import commitments highlight opportunities and risks

India-US trade deal: Boost seen for energy, minerals imports over 5 yrs

India has expressed intent to import $500 billion worth of energy, minerals, technology products and aircraft parts from the US over five years under an interim trade agreement

On the anvil: Virtual trade corridors to ease digital bottlenecks

India is pushing virtual trade corridors and paperless logistics with key partners as digital trade becomes central to FTA talks with the EU and the US

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-US trade deal: Agri, dairy interests 'protected', says Piyush Goyal

Goyal said both sides were working on a "joint statement" outlining the details of the first phase of the agreement

From the brink and back: How the India-US trade deal finally shaped up

After months of tariff shocks, stalled talks and diplomatic sparring, India and the US finally stitched together a trade deal that reshaped bilateral ties

Farm livelihood concerns allayed as agri, dairy sectors kept out of US deal

Centre says sensitive sectors such as agriculture and dairy are outside the India-US trade deal, easing concerns even as US officials speak of higher farm exports

India's trade breakthroughs must shift focus now to execution and reform

The 'mother of all trade deals', the Indo-US thaw, and a sensible Budget signal the beginning of the implementation phase

India to import 50K tonnes of EU apples at 20% duty under FTA: Govt

Quantity will go up to 100,000 tonnes annually but only over the next 10 years

Why India-US bilateral trade arrangement is taking so long to conclude

Security dependence, not trade policy, explains Washington's speed with others, and why India is holding its ground

AYUSH gets recognition in India's free trade pacts with Oman, New Zealand

The commerce ministry on Sunday said India's traditional medicine system - AYUSH - has received formal recognition in bilateral trade agreements with Oman and New Zealand. Both the agreements, which were finalised last year in December, have dedicated annexures on health-related services and traditional medicine. "India's traditional medicine systems (AYUSH) have also received formal recognition in bilateral trade agreements, including the India-Oman CEPA and the India- New Zealand FTA," it said. Exports of AYUSH and herbal products have registered a growth of 6.11 per cent, increasing from USD 649.2 million in 2023-24 to USD 688.89 million in 2024-25.

India-US to resume trade talks in January after year-end holiday pause

Talks are going on for the last nine months, with no outcome, despite over a half dozen rounds of in-person formal and informal negotiations

Cabinet approves India-New Zealand trade pact, paves way for signing

Once signed, this deal will mark India's seventh trade agreement since 2021 and a part of its diversification strategy at a time when global trade is up for a major reset

Explained: India-Oman trade agreement: Why the FTA matters

India and Oman have signed a major free trade agreement that gives Indian exports near-total duty-free access to Oman. From goods and services to jobs and geopolitics

US President Donald Trump signals action on Indian rice 'dumping'

US President Donald Trump hinted at fresh tariffs on Indian rice as a Deputy USTR-led delegation arrived in New Delhi to assess the proposed trade deal between the two countries