Page 2 - Trade Deal

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

Textiles seek more incentives as govt extends duty-free cotton imports

Tamil Nadu urges higher export incentives and faster EU trade deal as duty-free cotton imports extended till Dec 31, while farmers complain of falling domestic cotton prices due to cheap US supplies

India's trade deficit widens to eight-month high of $27.35 billion in July

India's trade deficit hit an eight-month high in July as imports grew faster than exports; government eyes FTAs and export promotion to boost competitiveness

India-US ties rooted in shared values, have weathered challenges: MEA

The statement comes amid rising tensions between the two nations, with the US imposing 50 per cent tariffs on Indian imports, including a 25 per cent penalty for Russian oil purchases

TVS Supply Chain bets big on UK-India trade deal; eyes inorganic growth

Chairman R Dinesh says UK-India trade deal positions TVS Supply Chain to support businesses in both markets, while pursuing organic and strategic acquisitions

India negotiates trade deals firmly and on equal footing: Jitin Prasada

India negotiates free trade agreements with nations on an equal footing with adequate firmness, as the country has changed under the leadership of Prime Minister Narendra Modi, Minister of State for Commerce and Industry Jitin Prasada said on Wednesday. He said that India's economic growth is progressing rapidly. "When we do FTAs with different countries...we talk on equal footing. This is the new India. We put forth our point of view forcefully," he said. The minister was speaking at the inauguration of the newly-expanded ISA building of the Intellectual Property Office (IPO) in Dwarka here. His remarks come at a time when India is negotiating trade pacts with a number of countries including the US, European Union, Peru, Chile and New Zealand. With the US, five rounds of talks have been held so far. India has clearly stated that it can not compromise on agri, and dairy sectors, a key demand of the US. Inaugurating the building, Commerce and Industry Minister Piyush Goyal said .

Basmati players cautious post trade deal with UK, shrimp exporters upbeat

While lower landed costs of basmati rice are welcome, traders feel it will be hard to entirely replace suppliers from Pakistan; meanwhile, marine and agricultural products are expected to see a bump

US wants India to eliminate tariffs upfront as trade deal deadline nears

USTR Greer indicates negotiations with India may spill beyond the Aug 1 deadline

EU-US trade agreement now hinges mostly on Donald Trump's verdict

The stakes for the talks, scheduled for 4:30 p.m. local time at Trump's golf resort in Turnberry, western Scotland, could hardly be higher for von der Leyen

India should push for joint statement in trade talks with US: GTRI

India must proceed with caution in its trade talks with the US, drawing lessons from countries like Vietnam and Japan, economic think tank GTRI said on Sunday. To prevent any misrepresentation, the Global Trade Research Initiative (GTRI) said New Delhi should insist on a jointly issued written statement before acknowledging the final terms of any agreement. It added that a Japanese government document released on July 25 shows major gaps between Japan's understanding of a new trade deal with the United States and how President Trump portrayed it just days earlier. Trump claimed on July 22 that the agreement secures massive Japanese investments, strong tariff protections, and guaranteed access for US farm exports, including rice. But Japan's official summary, published by its Cabinet Secretariat, describes a far more limited framework -- still under negotiation and lacking binding commitments, GTRI Founder Ajay Srivastava said. "India should tread carefully as it negotiates its trad

India unlikely to allow US imports of GM agri products under trade deal

Under the trade deal negotiations, market access for agricultural products has been one of the key demands from the US

India-US trade deal will be a game changer for investors: Arvind Panagariya

Open access to US and EU markets will make India a highly attractive destination for global investors, says Finance Commission Chairman Panagariya

CETA joins India's expanding trade playbook: A new template for future FTAs

From protectionism to liberalisation - it sets a new template for India's future FTAs

India, UK dismantle trade walls with landmark deal amid global tensions

Comprehensive trade deal signed, allowing duty-free entry to 99% of Indian exports