Page 2 - Trade Deal

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

Indo-UK FTA to boost 'Make in India', double trade by 2030: TVS Motor

The signing of the India-UK Free Trade Agreement is poised to open new global frontiers for Indian manufacturing under the Government of India's flagship 'Make in India' initiative, a top official of two and three wheeler maker TVS Motor Company said on Thursday. The FTA is also a significant step forward in realising the Prime Minister Narendra Modi's vision of 'Viksit Bharat'. TVS Motor believes the India-UK FTA would create immense opportunities for Indian companies to expand their global footprint while showcasing the country's innovation and engineering excellence on a larger platform. The landmark agreement is expected to double bilateral trade from the USD 60 billion to USD 120 billion by 2030, TVS Motor said. The Chennai-based company's Managing Director Sudarshan Venu in a release here, said, "We are deeply inspired by Prime Minister Narendra Modi's vision of Viksit Bharat and his unwavering commitment to making India a global manufacturing and design powerhouse." "The ..

India, UK to ink FTA today: Trade, defence, energy on Modi-Starmer agenda

The Free Trade Agreement is being described as India's most comprehensive trade pact ever and the UK's most significant since Brexit

India, UK likely to sign FTA today; business heavyweights converge

The signing is scheduled to take place at Chequers, the British prime minister's countryside retreat in the Chiltern Hills of Buckinghamshire

EU, US near trade deal to avoid 30% tariffs, settle at 15% rate instead

The rate, which could also extend to cars, would mirror the framework agreement the United States struck with Japan

India ratifies trade deal with EFTA, eyes boost in exports, investment

India on Tuesday submitted the ratification document of the free trade agreement with the four-European nation bloc EFTA to Norway. The pact, officially dubbed as Trade and Economic Partnership Agreement (TEPA), will be implemented from October 1, Commerce and Industry Minister Piyush Goyal has said on Saturday. "India deposited the Instrument of Ratification of the TEPA between India and EFTA today at the Ministry of Foreign Affairs of Norway, which is the depository entity of TEPA," according to a post by the Indian Embassy in Norway on X. The two sides signed the agreement on March 10, 2024. Under the pact, India has received an investment commitment of USD 100 billion in 15 years from the grouping while allowing several products, such as Swiss watches, chocolates, and cut and polished diamonds, at lower or zero duties. The European Free Trade Association (EFTA) members are Iceland, Liechtenstein, Norway, and Switzerland.

Donald Trump makes China great again as it grows bolder with India

Assumptions about US' decline are making China bolder and more overbearing in its approach towards India

Trade agreement between India, four-nation EFTA to kick in from Oct

Deal with European bloc was signed in March 2024; it's projected to get India $100 bn foreign direct investment