Page 10 - Trade Deal

India, UK see free-trade deal possibly in December after poll results

There isn't any firm deadline but an announcement could be made after the vote concludes and results are out December 3

UK says it won't change immigration policy to secure India trade deal

There is growing optimism that a free trade deal between the countries could be concluded this year though the remaining topics to be discussed are some of the difficult

Want to strike truly ambitious trade deal with India: UK PM Rishi Sunak

British Prime Minister Rishi Sunak on Wednesday evening reiterated his commitment to a truly ambitious free trade agreement (FTA) with India as he hosted a special reception to celebrate India Global Forum's UK-India Week 2023 in the garden of 10 Downing Street here. The 43-year-old British Indian leader interacted with business leaders and celebrities, including boxing champion Mary Kom, musicians Shankar Mahadevan and Zakir Hussain, and Bollywood actor Sonam Kapoor, as part of what he dubbed as the start of an Indian summer for the UK. Prime Minister (Narendra) Modiji and I agree there's huge potential here. We're making great progress together on the 2030 roadmap and we want to strike a truly ambitious trade deal that benefits both our nations, bringing tremendous opportunities to businesses and consumers, both in India and here at home, said Sunak, who was joined at the garden party by wife Akshata Murty and mother-in-law Sudha Murty. It's not just UK-India Week, but a whole ...

PM Modi's Egypt visit: Expanding ties in trade, renewables, IT discussed

PM Modi meets Egypt's 'India Unit' focussed on forging closer relations with India

Jaishankar, Goyal, Chandrasekhar to co-chair first India-EU Trade-Tech meet

The first ministerial meeting of the India-EU Trade and Technology Council (TTC) will be held in Brussels on Tuesday, to be co-chaired on the Indian side by Minister of External Affairs S Jaishankar, Commerce and Industry Minister Piyush Goyal and Communications, Electronics and IT Minister Rajeev Chandrasekhar. The TTC was launched by Prime Minister Narendra Modi and the President of the European Commission, Ursula von der Leyen, during her visit to India in April last year. It led to the creation of three Working Groups under the TTC: Working Group on Strategic Technologies, Digital Governance and Digital Connectivity; Working Group on Green and Clean Energy Technologies; and Working Group on Trade, Investment and Resilient Value Chains. Thank President of @European_Commission @vonderleyen for meeting the Indian ministerial team, Dr Jaishankar tweeted after arriving in Brussels on Monday evening. Appreciate the open discussion on trade, technology and geopolitics. Look forward to

Trade deal: India's carmakers back zero duty on limited British imports

India is one of the most protected automobile markets where import taxes are among the highest in the world of any major car making nation

Won't allow sensitive issues to scuttle India-UK trade talks: Piyush Goyal

"With Canada, while they are also not much of a manufacturing base, we have to go into more details. With the UK, it's a manufacturing country on many products. So we have to do it very carefully"

India-Australia interim trade deal kicks in today after eight-month wait

The implementation of the interim trade pact, also known as Economic Cooperation and Trade Agreement (ECTA) has the potential to double the bilateral trade between the two countries to $50 billion

India, Australia interim trade agreement comes into effect next week

India will get duty-free access to more than 6,300 sectors, helping its companies in textiles, agricultural products, leather

India, UAE want to use relationship to shape changing world: Jaishankar

India and the UAE which have inked a landmark trade deal have seen a "veritable transformation" in their ties which are now beginning to have a broader ripple impact, External Affairs Minister S Jaishankar said on Monday, emphasising that they want to use this relationship to shape the changing world. A defining decision of this transformation is the signing of the bilateral trade pact which led to such effective results and speaks volumes for the bilateral relationship, he said. "The fact that we were able to conclude the comprehensive economic cooperation agreement so quickly and has led to such effective results thereafter, speaks really volumes for the relationship. We're now moving into new areas," he said while delivering the keynote address at India Global Forum and panel discussion India-UAE: Partners for Global Impact. India and the UAE signed UAE-India Comprehensive Economic Partnership Agreement (CEPA) in February this year. "Today, our discussions are about space, ...

India-Australia free trade agreement to come into force from Dec 29

Trade between the two countries is expected to cross $45-50 bn in five years

Australian PM Anthony Albanese to visit India next March to lock trade deal

Prime Minister Narendra Modi will visit Australia next year for the Quad Leaders' meeting. And then he will return to India later in the year for the G20 Summit, a statement by the Australian PM said.

India trade deal offers biggest hope for UK economy heading for a crisis

It has been anything but a smooth ride for the Rishi Sunak led UK government, with the latest official data released this week reflecting a shrinking economy and a looming two-year-long recession. The British Indian former finance minister, who took charge at 10 Downing Street last month with the promise to fix the fiscal errors of predecessor Liz Truss' disastrous mini-budget, has pledged to get a grip on the soaring inflation as a priority and warned of tough tax and spending decisions ahead. Economic experts agree on the massive scale of the challenge, even as they hold out the prospect of a free trade agreement (FTA) with India as a potential generator of much-needed economic growth. The economic crisis in the UK is caused by some new and some longstanding factors, explains Dr Anna Valero, Senior Policy Fellow at the London School of Economics (LSE) Centre for Economic Performance. High inflation, high interest rates and tightening fiscal policy occurs against the backdrop of .

A stringent patent rule is latest hurdle for India-UK free trade agreement

The draft has also proposed to prohibit pre-grant oppositions, which means that India will not be able to stop challenges to weak/invalid patents until after they have been granted

India trade deal matters more than date, says UK trade minister

The Diwali timeline for a draft FTA had been announced by former British Prime Minister Boris Johnson during his meeting with Prime Minister Narendra Modi in New Delhi in April

Eager to secure trade deal with India, says UK's Suella Braverman

Home Secretary Suella Braverman has said the UK is eager to secure a trade deal with India to boost both economies and that Brexit has meant that Britain no longer has a Eurocentric mindset towards trade or visas. Addressing a Diwali event organised by UK-based India Global Forum (IGF) in London on Tuesday evening, the Indian-origin Cabinet minister spoke of being a proud member of the British Indian community and hailed the contribution made by the Indian diaspora to British life. In an apparent effort to override her recent controversial remarks about Indians forming the largest group of visa overstayers, the minister said the UK's villages, towns and cities have been profoundly enriched by immigration from India. Naturally, there is an economic imperative for our countries to work together, which is why we are so eager to secure a trade deal, said Braverman. But the boost to our economies is not the only virtue in making our friendship even stronger. We have a shared vision that

Comprehensive trade deal with EU could make India an export hub: Mercedes

In June, the EU and India relaunched talks for a free trade agreement with the aim of completing them by the end of 2023

India, UK bodies set up a new joint commission to push the trade deal

In a recent visit to India, UK Prime Minister Boris Johnson announced that the FTA was likely to be completed in October

UK PM Johnson signals visa flexibility with India to win trade deal

Speaking on the plane on his way to India, Johnson signalled he was ready to be more accommodating on an issue that could have stalled the talks.

India-Australia sign trade pact; bilateral trade to reach $45 bn in 5 years

This is the first trade agreement with a developed economy after over 10 years