Trade Deal

Framework trade deal with US likely by year-end: Commerce Secretary

India nears a framework trade deal with the US but insists both reciprocal and Russian-oil-linked tariffs must be resolved together, even as parallel talks with the EU and Canada gather pace

India expects US trade deal by end of 2025 as most issues resolved: Report

The US imposed tariffs of up to 50% on imports from India starting in late August even as negotiations between the two countries continued

Ottawa working fast to advance trade deal with India: Canada FM Anita Anand

Canadian Foreign Minister Anita Anand said Monday that Canada and India will move quickly to advance a trade deal after two years of strained relations, noting Ottawa has a new foreign policy in response to US President Donald Trump's trade war. Anand's statement follows a meeting between Canadian Prime Minister Mark Carney and Indian Prime Minister Narendra Modi at the Group of 20 summit in South Africa this past weekend, where the leaders agreed to restart stalled talks for a new trade deal. Relations between Canada and India have been strained since Canadian police accused New Delhi of playing a role in the June 2023 assassination of a Canadian Sikh activist near Vancouver. "The leaders were adamant that this work proceed as quickly as possible so that timing is going to be expeditious," Anand said in a telephone interview with The Associated Press. Carney will visit India early next year. Anand noted Carney's goal to double non-US trade over the next decade. Canada is one of t

RBI doesn't target rupee level, fall due to dollar demand: Guv Malhotra

The RBI Governor says rupee's fall is due to dollar demand, not policy moves, assures strong forex buffers and highlights improving strength of Indian banks

Take Trump at his word, and finalise a trade deal before tariffs hurt

A trade deal with the US is both possible and essential - and so is one with Europe

Sensex, Nifty gain for third day as trade deal, Fed hopes lift mood

Indian markets rallied for a third session on optimism over a potential US-India trade deal and expectations of a Federal Reserve rate cut, with tech stocks leading the gains

Preparing the FTA pitch: India, Australia eye full deal amid US tariffs

Three years after India and Australia signed an interim trade deal, the two sides are moving decidedly towards a full-fledged free trade agreement. They have rising US tariffs to contend with

India to be 3rd-largest economy by 2028; equities remain pricey: UBS

From a stock market perspective, however, UBS remains underweight on Indian equities as valuations in their view still look expensive relative to the ordinary fundamental performance of companies.

India seeks clarity from EU on carbon tax, steel rules during FTA talks

During week-long India-EU FTA negotiations, New Delhi pressed for predictable implementation of the EU's carbon tax and proposed steel regulation to ensure balanced trade terms

Canadian PM Carney cites progress with India amid US trade tensions

Canadian Prime Minister Mark Carney has referred to the progress his country has made with India as he stressed that Canada is building partnerships abroad amid tariff pressures with the US. Carney's remarks on Saturday came after US President Donald Trump last week terminated all trade negotiations with Ottawa based on their egregious behaviour. And to be building new partnerships with countries around the world. And there is no better place to do that than in the fastest growing part of the world that represents 60 per cent of the global economy, Carney said, referring to the Asia-Pacific region. Speaking to reporters after the Asia-Pacific Economic Cooperation (APEC) summit in South Korea, he cited the free trade deal with Indonesia, talks with the Philippines and Thailand and a turning point in our relationship with China". Progress which we have been making with IndiaSo I didn't meet directly with Prime Minister (Narendra) Modi here, (but), the foreign minister, other minister

US reluctant to cut tariffs for India below Asian peers under trade deal

India is aiming for a 15 per cent tariff under a trade deal with Washington that will make its labour intensive shipments to the US cheaper compared to its Asian peers

Easygoing, transparent UK-India relationship has room for expansion

Starmer's India visit strengthens economic and security ties, with £1.3 billion Indian investments in the UK and deeper collaboration in fintech, biotech, and naval operations

India on track to becoming third largest economy by 2028: UK PM Starmer

Earlier in the day, the UK PM held meeting with Prime Minister Narendra Modi and the two leaders addressed the India-UK CEOs Forum and Global Fintech Fest

From oil to pistachios: How barter trade is reshaping global commerce

Several Middle Eastern and Asian economies, including China, Pakistan, and Iran, are turning to barter trade to avoid the impact of secondary sanctions

Best of BS Opinion: Where are India's HNIs when it needs them?

Today's Opinion page looks at India's ambitious carbon trading policy, as well as the EFTA deal. Our columnists ponder what can be done to get Indian HNIs to invest and stay in the country

EFTA to come into effect from Oct 1, negotiating FTAs with others: Goyal

The EFTA bloc comprises four nations - Iceland, Switzerland, Norway and Liechtenstein. The deal was signed in March last year but will kick in from Thursday

India-US relations mired in tariffs, personal ambitions and mistrust

The chief complaints of the Trump administration have centred on 'higher' tariffs charged by India on American goods and the trade surplus India enjoys with the US

India's trade parleys with US are progressing well, says Piyush Goyal

US Commerce Secretary Howard Lutnick said he believes the US will sort out a trade deal with India as soon as that country stops buying Russian oil

India, Qatar may finalise terms of reference for trade deal in October

India and Qatar are likely to finalise terms of reference for a bilateral trade agreement next month, a senior official said on Monday. Once the terms of reference of the proposed trade pact are finalised, Commerce and Industry Minister Piyush Goyal may visit Qatar in October, the official said. The official also informed that there is good progress on the proposed trade pact with the EU. The EU team is currently here for the 13th round of India-EU FTA talks. "It is possible that next month Qatar's terms of reference (for trade deal) may be finalised," the official said. Minister Goyal last month had said that Qatar wants to negotiate a free trade agreement (FTA) with India. In February, India and Qatar agreed to double bilateral trade to USD 28 billion over the next five years.

India, US still in dialogue for bilateral trade deal, says Piyush Goyal

Piyush Goyal said India and the US remain in talks for a trade deal despite tariff frictions, even as India advances free trade agreements with the EU and other partners