Page 5 - Trade Agreements

Step forward for trade: India-UK FTA is more comprehensive than expected

Whitehall has suggested the FTA will lead to an additional increase of 10 basis points in the UK's gross domestic product (GDP) growth rate every year

Datanomics: India's investment treaties progress in bits and pieces

Objectives of these agreements are to promote and protect investments through a stable legal environment for investors from both countries

India, US in continuous dialogue on bilateral trade deal: MoS Jitin Prasada

India and the US have a continuous dialogue and communication on the bilateral trade deal and the first tranche is set to roll out by fall this year, Minister of State for the Ministry of Commerce & Industry and the Ministry of Electronics & Information Technology Jitin Prasada said. Prasada made these remarks while addressing members of the Indian-American community at an interactive session organised by the Consulate General of India in New York on Friday. India and the US share a great relationship, and there is continuous dialogue and communication between both countries. The last dialogue that Prime Minister (Narendra) Modi and President (Donald) Trump had, the formalities and modalities of the bilateral trade agreement have been worked out, and by September, this fall, you will see the first tranche of our programme and policies, Prasada said. At the beginning of the event, a moment of silence was observed to pay respects to the victims of the Pahalgam terror attack in ..

Pahalgam terrorist attacks: Fresh tumult for India-Pakistan trade

Total merchandise trade between the two nations ranged between $1.8 billion and $2.5 billion during FY09 and FY10

Modi, Vance welcome 'significant progress' in India-US trade deal

Both sides discuss energy, defence, and strategic tech in bilateral meet

India-US proposed trade pact's terms of reference include 19 chapters

The terms of references (ToRs) finalized by India and the US for the proposed bilateral trade agreement include around 19 chapters covering issues such as goods, services, and customs facilitation, official sources said. To give further impetus to the talks, an Indian official team is visiting Washington next week to iron out differences on certain issues before formally launching negotiations for the proposed India-US bilateral trade agreement (BTA). India's chief negotiator, Additional Secretary in the Department of Commerce Rajesh Agrawal, will lead the team for the first in-person talks between the two countries. Agrawal was appointed as the next commerce secretary on April 18. He will assume office from October 1. The three-day Indian official team's talks with the US counterparts in Washington will start from Wednesday (April 23), the official said. The visit, which comes within weeks of a high-level US team visiting India, indicates that the talks for the BTA are gaining ..

India to send delegation to US next week for key bilateral trade talks

An Indian official team is likely to visit Washington next week to iron out differences on certain issues before formally launching negotiations for the proposed India-US bilateral trade agreement (BTA), an official said. The visit, which comes within weeks of a high-level US team visiting India, indicates that the talks for the BTA are gaining momentum. India's chief negotiator, Additional Secretary in the Department of Commerce Rajesh Agrawal is expected to lead the team for the first in-person talks between the two countries. The visit follows senior official-level talks held between the two countries last month here. Brendan Lynch, the Assistant US Trade Representative for South and Central Asia, was in India from March 25 to 29 for crucial trade discussions with Indian officials. "The Indian team may visit Washington by mid of next week. This is not the formal first round of talks between the two countries. They would like to iron out differences on certain issues before ...

Sectoral trade talks between India-US to begin virtually this week

These sectoral engagements under the proposed Bilateral Trade Agreement (BTA) framework between both nations will begin virtually this week

India never negotiates at gunpoint: Piyush Goyal on US trade deal

Both nations may pursue interim trade pact within 90 days

Jaishankar discusses early conclusion of BTA with US Secretary of State

This development comes as the country has been negotiating a BTA with the US in order to avoid hefty reciprocal tariffs

India, US seek to expedite bilateral trade agreement talks to boost trade

Both India and the US want to expedite the negotiations for the proposed bilateral trade agreement (BTA) as the two countries are looking at promoting two-way commerce, an official statement said on Thursday. Both the countries have decided to hold sector-specific talks from this month to finalise the structure of the agreement. The keenness to expedite the talks came in the backdrop of the USA's decision to impose additional 27 per cent import duty on Indian goods from April 9 this year. "Discussions are ongoing between Indian and US trade teams for the expeditious conclusion of a mutually beneficial, multi-sectoral BTA...We remain in touch with the Trump administration on these issues and expect to take them forward in the coming days," the commerce ministry said. Through the agreement, the two countries are looking to increase market access for their goods, cut tariff and non-tariff barriers and deepen supply chain integration. A team of US officials, headed by Assistant US Tra

Government approves export of key commodities to Maldives for 2025-26

India on Tuesday notified exports of specified quantities of commodities like eggs, potatoes, onions, rice, wheat flour, sugar, and dal for the Maldives in the current fiscal year. The Directorate General of Foreign Trade (DGFT) in a notification said these exports have been permitted to the Maldives under the bilateral trade agreement between the countries in 2025-26. "Export of eggs, potatoes, onions, rice, wheat flour, sugar, dal, stone aggregate and river sand to Maldives has been permitted under the bilateral trade agreement between India and Maldives for 2025-26," the DGFT said in a notification. The export of these items to the Maldives will be exempted from any existing or future restriction/prohibition during this period. Items which are restricted or prohibited will be allowed only through the six designated customs ports including Mundra, Tuticorin, and Kandla. The specified quantity allowed includes potatoes (22,589 tonnes), onions (37,537 tonnes), rice (1,30,429 tonne

India-US BTA: Commerce ministry to begin talks with other departments

Interministerial talks to explore tariff cuts and market access; key sectors under focus include EVs, oil derivatives, plastics, and sensitive farm goods like dairy and almonds

Don't think govt is in a great hurry to sign BTA with US: Ashwani Mahajan

Since the US has announced the imposition of reciprocal tariffs, their markets are down, and there are fears that inflation will increase

Industrial goods tariffs be India's focus during trade talks with US: GTRI

Both sides hope to finalise the first tranche of the agreement by the fall of 2025

Key India-US trade negotiations next week to finalise BTA contours

Both sides are aiming to finalise the first tranche of a "mutually beneficial" deal by the fall of 2025

Very good ties with India, but it has one of the highest tariffs: Trump

US President Donald Trump said he has a very good relationship with India, but the only problem he has with the country is that it is one of the highest tariffing nations in the world. Trump reiterated his threat to impose reciprocal US tariffs on the country starting April 2. In an interview with Breitbart News, an American news, opinion, and commentary website, Trump discussed the US' relationship with India. Asked about his summit with Prime Minister Narendra Modi last month, Trump said: I have a very good relationship with India, but the only problem I have with India is they're one of the highest tariffing nations in the world. I believe they're going to probably be lowering those tariffs substantially, but on April 2, we will be charging them the same tariffs they charge us. On the India-Middle East-Europe-Economic Corridor (IMEC), Trump said it was a group of wonderful nations banding together countering other countries that look to hurt us on trade. We have a powerful grou

CBIC must re-examine, clarify on non-duty paid inputs for drawback

Section 75(1) of the Customs Act, 1962, allows drawback of the Customs and Central Excise paid on the inputs used in the manufacture or processing of the export products

BTA negotiations: India pushes for greater access to US organic market

Under mutual recognition agreements (MRAs) are bilateral pacts between countries, where they recognise each other's standards as well as the certification process

UK secures 17 new export, investment deals during trade secy's India visit

The UK on Wednesday said its Trade Secretary Jonathan Reynolds and Investment Minister Poppy Gustafsson announced 17 new export and investment deals during their visits to India this week. It also said that New Delhi's recent Union budget drives more opportunity for British insurance companies to expand their presence in India. British insurance companies in particular have gained more potential to expand in India following the recent Indian budget, which increased the amount of foreign direct investment (FDI) permitted in the insurance sector from 74 per cent to 100 per cent, a readout by the UK said. The UK has the third largest technology economy in the world, and a number of UK technology companies have also announced expansion into India, accelerating their growth journey, it noted. "The UK's Trade Secretary Jonathan Reynolds and Investment Minister Poppy Gustafsson have announced 17 new export and investment deals during visits to India this week," it said. However, details