Page 4 - Trade Deal

India, US trying to finalise interim trade deal before Jul 9: Sources

India and the US are engaged in negotiations for an interim trade deal and are trying to finalise the pact before July 9, sources said on Monday. The high tariffs announced by the US on April 2 were suspended by the Trump administration till July 9. The US, on April 2, imposed an additional 26 per cent reciprocal tariff on Indian goods but suspended it for 90 days. However, the 10 per cent baseline tariff imposed by America remains in place. India is seeking full exemption from the additional 26 per cent tariff. "We are very keen, we are engaged, we are trying. Both sides are trying, but both sides have to be happy," sources said when asked if the two countries are keen to finalise an interim trade agreement by July 9. There are always certain areas which are difficult in a trade agreement, they added. Agriculture and dairy sectors are "difficult and challenging areas for India. And India has not opened up dairy in any of its free trade pacts," one of the sources said. The US wan

Rare earth, tariffs and geopolitics: Centre walks tightrope on trade deal

Supply-chain disruptions related to rare earth magnets from China are another cause of geopolitical anxiety for the government at this point

Stock Market close highlights: Sensex, Nifty settle higher; IT, OMC stocks rally; Bank, FMCG drag

Sensex Today | Stock Market close, Wednesday, June 11, 2025: HCL Tech, Infosys, Tech Mahindra, Bajaj Finserv and Reliance Industries were the top Sensex gainers

India-US trade deal likely in not-too-distant future: Commerce Secy Lutnick

Lutnick also suggested that India is likely to get more favourable terms from being one of the first pacts agreed

'Early tranche' of trade deal between India, US may be sealed soon

First phase might include a tariff reduction and focus on the priority non-tariff barriers faced by exporters

Trade talks: India to push US to lift non-tariff curbs for goods exporters

The official said industry has raised regulatory hurdles and high cost of certification among other issues in the US as primary obstacles to increasing exports to the US

Why the latest US-UK trade deal has set off alarm bells in Beijing

Beijing warns against deals that risk sidelining Chinese industries, as London walks a tightrope between Washington and Beijing

Trade discussions proceed undisturbed by India-Pakistan hostilities

The UK-US trade pact is significant because it is the first deal after President Trump imposed reciprocal tariffs in the beginning of last month

Indian team to visit Washington to advance trade agreement with US

India and the US will hold further talks this month in Washington to finalise an early tranche of the bilateral trade agreement, aiming for mutual tariff concessions

India, South Africa discuss preferential trade pact through SACU bloc

SACU nations include South Africa, Namibia, Botswana, Lesotho and Eswatini and is the world's oldest customs union, over a century old

India should restore soybean exports to US in bilateral trade talks: SEA

India should prioritise reviving exports of organic non-GMO soybean and soybean meal to the United States during ongoing Bilateral Trade Agreement (BTA) negotiations, industry body Solvent Extractors Association (SEA) said on Monday. India previously exported 150,000-200,000 tonnes of organic, non-GMO soybean products to the US before safeguard duties imposed after opposition from domestic US producers effectively halted this trade, according to SEA. "It is essential that the Ministry of Commerce pursues the revival of these exports as part of the ongoing BTA discussions," SEA President Sanjeev Asthana said in a statement. The two countries are currently negotiating a bilateral trade agreement that includes discussions on key agricultural commodities such as soybean and maize. SEA also raised concerns about non-standardised packaging of edible oils following regulatory changes in 2022, saying varied pack sizes like 800 gram, 810 gram and 850 gram have created consumer confusion and

First phase of India-US trade deal likely by fall this year: Sitharaman

Addressing the Indian diaspora in San Francisco, Finance Minister Nirmala Sitharaman said the issue of reciprocal tariff is part of a broader trade negotiation strategy

India never negotiates at gunpoint: Piyush Goyal on US trade deal

Both nations may pursue interim trade pact within 90 days

'Eagerness' on both sides to conclude India-UK FTA: FM Sitharaman

Finance Minister Nirmala Sitharaman on Wednesday wrapped up the 13th Ministerial India-UK Economic and Financial Dialogue (EFD) with her British counterpart, Chancellor Rachel Reeves, on a note of positivity and eagerness to conclude the bilateral Free Trade Agreement (FTA) negotiations soon. The annual dialogue, held at the London Stock Exchange, covered a broad range of issues which the UK Treasury said resulted in a GBP 400 million of trade and investment boost involving Indian firms such as Paytm and Mphasis unveiling investment plans for the UK market. A resulting joint statement from the EFD sets out plans to generate growth, improve bilateral financial services ties and deepen policy cooperation on the UK Industrial Strategy, tax, sustainable finance and illicit finance. Areas for collaboration on defence were also identified, with the finalisation of the India-UK Defence Industrial Roadmap set to strengthen ties between industrial sectors and integrate supply chains. I valu

Trump tariffs: 3 in 4 CEOs want India to negotiate with US, shows BS poll

Seventy-three per cent of the respondents said they were not impacted by the Trump tariff, while the rest were divided equally between seeing it as an opportunity and expecting adverse impact

New Zealand PM Luxon hasn't given up on dairy in trade deal with India

New Zealand efforts to secure better access to India's huge markets have foundered in the past, in particular because India wants to shield its dairy industry from imports

US Commerce Secy Lutnick urges India to lower tariffs, moots 'grand' deal

India's import tariffs, among the highest in the world, warrant a reassessment of its "special relationship" with the United States, Lutnick said, speaking from Washington

India-EU trade talks: Tariffs, market access, regulatory clashes in focus

Talks for an India-EU free trade agreement, stalled for eight years, resumed in 2021, now cover investment protection and geographical indications.

PM Modi's US visit to focus on trade, tech, and migration: USISPF chief

Aghi highlighted the importance of early discussions between PM Modi and President Donald Trump, noting that alignment on common objectives would help drive the growth of both economies

UK trade secy Jonathan Reynolds to visit India in Feb for FTA talks

Britain's Secretary of State for Business and Trade, Jonathan Reynolds, on Monday revealed plans to visit India next month with a focus on finalising the Free Trade Agreement (FTA) negotiations as part of the UK government's ambition to elevate the bilateral partnership across all sectors. Addressing India Global Forum's (IGF) annual UK-India Parliamentary Lunch at the House of Lords complex in London, Reynolds highlighted the strength of the bilateral trading relationship which stood at GBP 41 billion in the year until September 2024. However, the Cabinet minister went on to reaffirm the British government's commitment to improve trade between India as the fifth and the UK as the sixth largest economies of the world. I want to reaffirm the UK's commitment to deliver growth for both countries through the trade deal that we're talking about, through the Comprehensive Strategic Partnership and the Technology Security Initiative; and I can let you know exclusively, I hear what you say