Page 3 - Trade Deal

Datanomics: Gulf bloc's share in India's imports up, exports down

India, GCC begin FTA talks as import dependence deepens, export mix shifts toward electronics and away from energy over the past decade

'Govt sold Bharat Mata, wholesale surrender': Rahul on India-US trade deal

Leader of Opposition Rahul Gandhi on Wednesday alleged that the government has "sold Bharat Mata" through the India-US interim trade deal and that it was a "wholesale surrender" with India's energy security handed over to America and farmers' interests compromised. Participating in the debate on the Union Budget, he said that had an INDIA Bloc government negotiated the trade agreement with the US, it would have told US President Donald Trump that he should treat India as an equal. "You have sold India. Are you not ashamed of selling India? You have sold our mother, Bharat Mata," he said while referring to the trade agreement. The LoP said energy security has gone under the India-US trade deal, and the US will decide "whom we buy oil from". Gandhi said the interests of the farmers have been compromised, and the farmers are facing a "storm" as agricultural products from the US will flood Indian markets. He also alleged that the Indian textile industry is "finished". The Congress le

All key sensitive sectors protected under India-US trade pact: Comm Secy

India has always negotiated with a "clear mindset" on sectors that are "very" sensitive for the country in trade pacts and has protected all those key segments under the interim trade agreement with the US, Commerce Secretary Rajesh Agrawal said. He also said that both teams are working to convert the joint statement into a legal agreement, which is expected to be finalised and signed before the end of March. "India has always negotiated all agreements with a clear mindset, anything that is very sensitive to India, anything where we feel our farmers, fishermen, dairy, they are going to be impacted, we have been very clear to our partner countries that India can not open up or provide access," he told reporters here. "If you look at all the agreements that we have done in the last year, five trade agreements that we did -- all the sensitive sectors have been protected. In the US, all the key sensitive sectors have been protected. Wherever there is a little sensitivity, we have used

'No deal but US steal': Congress' dig at govt over Indo-US trade agreement

The Congress on Wednesday took a swipe at Prime Minister Narendra Modi over the India-US interim trade agreement, saying the deal is a steal by the "PM's good friend in Washington" and reflects an "abject failure" of our "political huglomacy" as well as economic diplomacy. Congress general secretary in-charge communications Jairam Ramesh said no matter what spin the "PM and his lie-brigade" may give, the hard reality is that the US has extracted more from India than it has conceded. "It is significant that a number of independent analysts and commentators -- who have not been Modi-unfriendly -- have criticised the India-US trade deal as a capitulation, an asymmetrical set of commitments, a sell-out, and a humiliating cave-in," Ramesh said. "Whatever the spin that the PM and his lie-brigade may give, the hard reality is that the US has extracted more from India than it has conceded. This is inspite of Mr. Modi's aggressive wooing of President Trump, including campaigning for him in

Tharoor slams govt over Union Budget, India-US trade pact in Lok Sabha

Tharoor slammed the Interim Trade Agreement with the United States, stating that 'it appears far less like a free trade agreement and far more like a pre-committed purchase'

US-Bangladesh pact unlikely to impact India's pharma, medtech exports

Industry executives say the US-Bangladesh reciprocal trade agreement is unlikely to materially affect India's pharma and medtech exports, given India's scale and established FDA-approved supply chains

US trims Bangladesh tariffs to 19%, eases access for some garments

Bangladesh on Monday secured a reduced 19 per cent tariff under a trade agreement with the United States that would exempt some textiles and garments manufactured with US materials, interim government chief Muhammad Yunus said. In an X post, he said Washington had "committed to establishing a mechanism for certain textile and apparel goods from Bangladesh using US-produced cotton and man-made fibre to receive zero reciprocal tariff in (the) US market". Yunus, known for his pro-US stance, said the deal was reached after nine months of negotiations since April last year. Meanwhile, the US Treasury Department or any office of the Trump administration made no immediate comment on the development. According to Commerce Secretary Mahbubur Rahman, Bangladesh's key export-earning ready-made garments (RMG) made from cotton and synthetic fibres imported from the US would enjoy zero reciprocal duty under the deal. He said the agreement was signed in Washington by Commerce Adviser Sheikh Bash

The long road to $500 billion: India's US trade pledge won't be easy

India has agreed to buy $500 bn worth of US energy products and other goods as part of a trade deal. This won't be easy, for India has been diversifying its sources

Apparel industry lauds India-US interim trade deal as 'father of all deals'

Chairman of the Apparel Export Promotion Council hailed the India-US interim trade agreement noting that the sector had been facing significant challenges over the past six months due to US tariffs

After the trade deal: Exporters will benefit if New Delhi stays active

The India-US interim trade framework signals a thaw in ties, tariff relief for exporters, protected farm interests, and a renewed push for reforms to make trade gains sustainable

Negotiating trade deals from a position of strength, says Piyush Goyal

The India of today is negotiating trade deals from a position of strength and confidence that it can offer a future market of USD 35 trillion, Commerce and Industry Minister Piyush Goyal said on Sunday. "That's what is our negotiating strength," Goyal told PTI Videos in an interview. His first after India-US reached an agreement on tariffs, seen as a first step toward finalising a bilateral trade agreement (BTA). Today, India negotiates from a position of strength, "I start by saying look we are 4 trillion dollar economy today, but it is going to be 30-35 trillion by 2047, when we are a developed economy," he said. "And that is the confidence that india has today, that delta of opportunity from 4 trillion to 30-35 trillion, that is the future we offer," he added.

Farmers' interest protected in trade deal, says Shivraj Singh Chouhan

The India-US trade deal reduces tariffs on Indian goods in the US to 18 per cent, while Washington has claimed the deal will help it export more agricultural products to New Delhi

Huglomacy, photo-ops meant little: Congress on India-US interim trade pact

The Congress on Saturday took a swipe at Prime Minister Narendra Modi over the interim trade agreement with the US, claiming the deal is stacked heavily against India and all the "huglomacy and photo-ops" have not amounted to much. Slamming the government, the opposition party cited a White House release which said the US will now monitor whether India is importing oil from Russia, and said "Naam Narender, Kaam Surrender". Congress general secretary in charge of communications, Jairam Ramesh, said the US-India joint statement just issued is silent on details. "But from what has been revealed, it is clear that: India will no longer import oil from Russia. Separately, the US has announced that a 25 per cent penalty could be reimposed if India buys oil directly or indirectly from Russia," Ramesh said on X. It has also been revealed that India will slash import duties to help American farmers at the cost of Indian farmers, Ramesh claimed. "India's annual imports from the USA will trip

India, US likely to sign joint statement on trade deal in 4-5 days: Goyal

India and the US are expected to finalise and sign a joint statement on the first tranche of the bilateral trade agreement in 4-5 days, Commerce and Industry Minister Piyush Goyal said on Thursday. After the joint statement is signed, the US will come out with an executive order on reducing tariffs on India to 18 per cent. At present, Indian goods attract a 25 per cent reciprocal tariff and a 25 per cent additional tariff for buying Russian crude oil. Goyal told reporters that a legal agreement for the first tranche of the pact is expected to be signed by mid-March. The joint statement will be followed by an exhaustive legal agreement, he said. Goyal also said that there is no investment commitment in this pact. Once the statement is signed, it will be converted into a legal agreement and mid-March, "We are hopeful of signing that legal agreement," Commerce Secretary Rajesh Agrawal said. The signing of the legal text will lead to a cut in tariffs by India on certain US goods.

Textile sector capex hits highest in over 14 yrs, trade deals boost outlook

The total value of new project announcements for the year ending December 2025 was Rs 44,019 crore, the highest on a rolling 4-quarter basis since at least 2011

India-US trade deal: Why Trump's $500-billion export claim raises doubts

Donald Trump's claim that India will buy $500 billion of US goods under a new trade deal dwarfs current trade flows and follows a familiar pattern from his earlier negotiations

India commits $500 bn investment, to end Russian oil purchases: White House

The White House has hailed a new trade agreement with India, saying the country has committed to "no longer" purchasing Russian oil, with Prime Minister Narendra Modi also agreeing on investments of USD 500 billion across key American sectors. These remarks were made by White House Press Secretary Karoline Leavitt on Tuesday. "The President struck another great trade deal with India. He spoke with Prime Minister Modi directly. They share a very good relationship. India is committed to not only no longer purchasing Russian oil, but buying oil from the United States, also perhaps from Venezuela too, which we know will now have a direct benefit on the United States and the American people," Leavitt told reporters Tuesday. She further said that in addition to that, Prime Minister Modi "committed to $500 billion of investments into the United States, including for transportation, for energy and for agricultural products as well. So this is another great trade deal thanks to President ...

India will cut tariffs on most industrial, agri goods under deal, says US

The US said India will lower tariffs on a "vast array" of American industrial and agricultural goods, such as "fruits, vegetables", to zero per cent under the trade deal announced by President Donald Trump. The US described this as a "big win" while noting that India will continue to control "certain key areas" that enjoy protection. "This is it. The time has come, and now we have the deal. We'll finish papering it, but we know the specifics. We know the details. It's a very exciting opportunity," United States Trade Representative Jamieson Greer said Tuesday in an interview to CNBC Squawk Box. Greer said that the US will continue to maintain some level of tariff against India - 18 per cent - "because we have this giant trade deficit with them, but they've also agreed to reduce their tariffs for us on a variety of agricultural products, manufactured goods, chemicals, medical devices, etc. It's an exciting opportunity for both countries," he said. Giving details of the deal, Greer .

Manish Tewari questions govt on India-US trade deal, seeks clarity

Congress MP Manish Tewari questions the math behind the India-US trade deal, seeking clarity from the government on tariff cuts and Washington's $500-billion trade claims

Jaishankar, Rubio commit to strengthening ties via Quad, welcome trade deal

Jaishankar met with Rubio as part of an ongoing three-day visit to the United States, during which he is participating in the inaugural Critical Minerals Ministerial on February 4