Page 7 - Trade Talks

India needs to be careful, clever in trade talks with US: Raghuram Rajan

India needs to be 'very careful and clever' while negotiating trade agreements with the US, especially with regard to the agriculture sector, which is heavily subsidised by developed countries, former RBI Governor Raghuram Rajan said on Friday. In an interview with PTI Videos, Rajan said India's economic growth has sort of settled in the range of 6-7 per cent, and a fraction of percentage point may be affected by the global trade uncertainties. "I think where it is much more sort of difficult (trade negotiations) is in areas such as agriculture, where every country subsidises its producers, and our producers may be relatively smaller, may have somewhat lower subsidies... the kind of harm that unconstrained flow of agricultural products into the country may create problems for them," he said. Earlier this week, the Indian team was in Washington for the fifth round of negotiations for the proposed Bilateral Trade Agreement (BTA). "For example, can we encourage more foreign direct ...

India should negotiate trade deal with US on its own terms: EAC-PM chief

India should negotiate a trade agreement with the US on its own terms, keeping in view the national interest, Economic Advisory Council to the Prime Minister (EAC-PM) Chairman S Mahendra Dev has said. Dev expressed hope that India will have an advantage over other countries on tariffs once the Free Trade Agreements (FTAs) are signed, and it would boost exports. "The overall approach of India is negotiating trade agreements with countries on its own terms and keeping in view the national interests. The negotiations are going on and the ultimate decision depends on the mutual interests of both countries," he told PTI. US President Donald Trump has said the proposed trade deal with India would be on the lines of what America has finalised with Indonesia on Tuesday. Under the US-Indonesia trade pact, the Southeast Asian nation will provide complete access to its market to US products, while Indonesian goods would attract a 19 per cent duty in America. In addition, Indonesia has commit

Brazil's Lula open to talks with Trump amid trade spat, says minister

Brazil's Lula open to talks with Trump amid trade spat, says minister

We will have access to India, says Trump after striking Indonesia deal

Trump announces full US market access and reduced tariff for Indonesia and says India is working along the same line in securing a trade deal

Importers delay clearances for US dry fruits to avoid high import duties

Indian dry fruit importers are expecting a cut of nearly 50 per cent in import duties on US-origin shipments and are delaying customs clearances to avoid losses if duties are reduced after clearance

India-US trade talks moving fast as fresh deadline nears: Piyush Goyal

India and US negotiators are in Washington for intense discussions, with the interim trade pact facing a critical deadline and pressure from the US on tariff concessions

Heavy reliance on US forces govt to put up with Donald Trump's tantrums

Different countries have reacted differently to Trump's tantrums, but the global markets have remained reasonably steady, although nobody is sure of what he will do next

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

India clears air of uncertainty, signals trade deal talks with US still on

Negotiators to head to Washington again to seal a pact before August 1

Looking to speed up talks to review Asean trade pact: Piyush Goyal

Commerce Minister Piyush Goyal discusses the ongoing review of the India-ASEAN trade pact with Malaysia's T Zafrul Aziz, highlighting challenges and the need for fair trade and a comprehensive deal

B'desh proposes to increase imports from US on first day of tariff talks

Bangladesh has proposed to import more cotton, oil, Boeing aircraft, soybeans, etc from the United States, a Bangladeshi official who participated in the talks said

Sri Lanka's apparel industry alarmed by US tariff of 30%, hopes for cut

The US takes about 40 per cent of apparel exports, helping to pull in $1.9 billion last year and make the industry Sri Lanka's third largest earner of foreign exchange, employing 300,000 people

Donald Trump's tariff 'blank check' must be curbed: Businesses to US court

A group of small businesses that won an order finding President Donald Trump's sweeping global tariffs illegal urged a federal appeals court to uphold that decision and block the trade levies

Best of BS Opinion: US trade deal or not, India must cast its net wider

Today's pieces cover a wide expanse, from India's trade deals with the rest of the world to China's attempt to trip Indian manufacturing, to the world's struggle to enforce rules

Active negotiations under way with over a dozen countries to finalise BIT

India is actively negotiating bilateral investment treaties (BITs) with over a dozen countries, including Saudi Arabia, Qatar, Israel, Oman, European Union, Switzerland, Russia, and Australia, a government official said. Besides these nations, talks are underway with Tajikistan, Cambodia, Uruguay, Maldives, Switzerland, and Kuwait. These investment treaties help in protecting and promoting investments in each other's countries. With India approaching to become the third-largest economy and a hub for global manufacturing, the government is taking a series of measures to further improve its investment regime that encourages investors. "It is expected that in the next 3-6 months, BIT with some of these countries will be finalised and announced," the official added. The government in the last Budget has announced revamping the current model Bilateral Investment Treaty to make it more investor-friendly and attract foreign players. The country signed BITs with two countries in 2024. La

India-US interim trade deal nearly sealed after a week of intense talks

First tranche of bilateral trade pact likely in 2-3 days to avert higher US tariffs

US State dept calls India a key partner, wants fair and reciprocal trade

Houston underlined the United States' aim of establishing a "fair and reciprocal" trade relationship with its partners, in line with the Trump administration's "America First" agenda

Best of BS Opinion: India could face trade and investment challenges

Today's opinion page pieces look at the many challenges India faces, from trade, logistics reforms, AI in governance and a demographic time-bomb

US crude oil exports jump in hope for India as trade treaty deadline nears

Total imports from the US stood at $8.9 billion in April-May 2025, up from $7 billion in the same period a year earlier, Indian customs data showed

India firm on agriculture as US trade discussions enter crucial stage

The ongoing in-person round of talks between New Delhi and Washington is crucial, considering that the end of the 90-day pause on the US's plan to impose country-specific reciprocal tariffs on July 9