Trade game-changer in making? Several countries willing to start trading with India in rupee

Neighbouring Sri Lanka and Bangladesh are keen to start trading with India in rupee immediately. Countries from the Gulf are giving it a serious thought too. The mechanism is already in place in trade with Singapore, minister Piyush Goyal said.

India signed a significant trade agreement with the European Free Trade Association (EFTA) comprising Switzerland, Norway, Liechtenstein, and Iceland, committing to a $100 billion investment over 15 years. The Trade and Economic Partnership Agreement (TEPA) aims to increase foreign direct investment (FDI) in India and generate one million direct jobs. The deal, India’s first FTA […]

A trade deal between the European Free Trade Association (EFTA) and India is expected to boost Swiss businesses’ access to the Indian market. The agreement, after 16 years of negotiations, includes provisions for significant investment in India by the EFTA countries. It will also provide Indian exporters access to European and global markets. The deal […]

The ambitious trade pact, signed between India and the European Free Trade Association (EFTA) comprising Norway, Switzerland, Iceland and Liechtenstein, aims to expand trade across a range of areas including pharmaceuticals, manufacturing, new technologies and machinery. After the EEA (European Economic Area) agreement, this could become one of the most important trade agreements Norway has […]

India and the four-European nation bloc EFTA signed a trade and economic partnership agreement (TEPA) on Sunday to boost trade and investments between the two regions. The European Free Trade Association (EFTA) members are Iceland, Liechtenstein, Norway, and Switzerland.

India and the European bloc EFTA will sign a free trade agreement, promoting investments and exports of key sectors like IT, audio-visual, skilled professionals, pharma, medical devices, and processed food, with a commitment of $50 billion investment and generation of 1 million direct employment.

The latest round of trade talks between the UK and India appears set to end without a breakthrough. Negotiations for a free-trade agreement, seen as a key prize of Brexit, have been plagued by disputes over visas, market access, and more. Indian negotiators don’t have sufficient time to engage on the pending issues ahead of […]

“Enabling provisions are made for exempting inputs imported by Advance Authorisation holders and EOUs from mandatory Quality Control Orders (QCOs),” the Directorate General of Foreign Trade (DGFT) said in a notification. The unutilised material will be destroyed in the presence of jurisdictional GST/customs authorities, it added.

Earlier, UK Secretary of State for Business and Trade Kemi Badenoch said that while a trade deal with India is “possible” to be concluded before a general election in the country, Britain does not want to use that as a deadline. “We can actually sign an agreement before the Indian election. I suspect that that […]

The commerce ministry said that amid global economic uncertainties and supply chain disruptions, extending RoDTEP benefits to the uncovered sectors like AA (advance authorisation), EOUs, and SEZ units will help the exporting community in handling the international headwinds.