India-Oz investment talks: Goyal to meet CEOs this week

Commerce and Industry Minister Piyush Goyal will meet Indian and Australian CEOs to discuss investment opportunities during his visit to Australia from September 23-25. He will co-chair the 19th India-Australia Joint Ministerial Commission meeting with Australia’s Trade and Tourism Minister Don Farrell, focusing on enhancing bilateral economic engagement.

Piyush Goyal will visit Australia from September 23-25 to meet with Indian and Australian CEOs and discuss investment opportunities. He will co-chair the 19th India-Australia Joint Ministerial Commission meeting in Adelaide on September 25, focusing on enhancing bilateral economic engagement in areas like critical minerals, manufacturing, and renewable energy.

Commerce and Industry Minister Piyush Goyal announced plans to open Invest India offices in various countries to support foreign investors. The first office was inaugurated in Singapore, serving as a point of contact for regional companies. This initiative aims to deepen investment partnerships and facilitate global investor engagement with India’s economy.

Senior officials from India and the European Union will begin the ninth round of free trade agreement talks on Monday. The discussions aim to enhance bilateral trade and investments, addressing issues like carbon tax and deforestation regulations. Both sides will negotiate on goods, services, investment, and government procurement.

The Indo-Pacific Economic Framework for Prosperity (IPEF) negotiations have raised concerns about whether member countries, including India, could protect their interests. Issues include potential restrictions on tax policy, trading critical materials, and clean energy standards. Think tank GTRI stresses the need for flexibility to support local industries and avoid rigid international commitments.

India and Myanmar discussed promoting bilateral trade using local currencies, rupee and kyat, during a meeting between Commerce Minister Piyush Goyal and Myanmar’s Minister Kan Zaw. The talks also covered cooperation in areas like lentils, diesel, gasoline, and electric vehicles. India-Maynmar bilateral trade stood at USD 1.75 billion in 2023-24.

Bangladesh’s interim government has decided to export 3,000 tonnes of hilsa fish to India for Durga Puja, reversing an earlier ban. The move follows appeals from exporters and continues a tradition of goodwill gestures during the festival. Hilsa is highly sought after in both countries, especially during this time.

India and Korea discussed upgrading their free trade agreement, balancing commerce, and promoting investments. Commerce Minister Piyush Goyal met with his Korean counterpart Inkyo Cheong in Laos. They focused on achieving balanced trade, addressing non-tariff barriers, and boosting exports of Indian products like steel, rice, and shrimp. The review aims to strengthen economic ties and […]

India may impose additional tariffs worth $1.1 billion on EU products in response to the bloc’s extended safeguard duties on steel imports. The list of items, primarily steel products, is being finalized. This issue will be discussed in the upcoming bilateral free trade talks with the EU next week.