FTA talks: Investment treaty to figure prominently during UK’s high-level team visit to India this week

Discussions on the proposed bilateral investment treaty and free trade agreement between India and the UK will be a focus during a visit by UK Secretary of State for Business and Trade Kemi Badenoch and Director General for Trade Negotiations Amanda Brooks. The pair will hold talks with Commerce and Industry Minister Piyush Goyal and […]

India has identified five priority issues—growth and prosperity, resilient global value chains, MSMEs, logistics, and World Trade Organization (WTO) reform—under its G20 presidency from December 1, 2022 to November 30, 2023.

The move is expected to cool the retail inflation as vegetable prices sent consumer inflation soaring to a 15-month high in July, compared with 4.87% in the previous month, breaching the upper tolerance band of the Reserve Bank of India for the first time in FY24.

The Finance Ministry through a notification imposed a 40 per cent export duty on onions till December 31, 2023. The export duty comes amid reports that onion prices are likely to rise in September.

US-based trade bodies, including Apple, Google, Lenovo, Dell and HP among others, have urged the US to push India to retract its IT import restrictions, and to hold a formal consultation with industry stakeholders. The Indian government has placed laptops, tablets and other electronics under the restricted category, meaning companies will need additional licences to […]

“Services exports can create huge employment, as it is more labour-intensive than the manufacturing sector, which is becoming more and more mechanised. The services sector will always involve the human angle… and that can boost employment,” Suresh Prabhu said.

New Delhi has already raised its concerns on the European Union’s carbon border adjustment mechanism (CBAM) at the World Trade Organisation (WTO). “Definitely, we are discussing those NTBs and we are also discussing how to find a good solution, how to find a platform where we can coordinate on these issues and we can understand […]

India plans to hold bilateral talks on free trade agreements with the United Kingdom, the European Union and Canada on the sidelines of a G20 meeting next week, a top trade official said on Friday.