Lok Sabha passes Carriage of Goods by Sea Bill; step towards ending colonial-era laws, says minister

India is meticulously evaluating the consequences of the US imposing additional import duties on steel and aluminium. These increased tariffs could impact around $6 billion worth of exports from India to the US. Both nations are striving to enhance their bilateral trade, aiming to double it by 2030 through a comprehensive trade agreement.

Foreign Secretary Vikram Misri and U.S. Deputy Secretary of State Christopher Landau discussed the deepening India-U.S. partnership, covering strategic interests, bilateral trade, defense, technology cooperation, and mobility issues. Misri congratulated Landau on his recent Senate confirmation and invited him to visit India soon. Both agreed to remain actively engaged on mutual concerns.

India’s fruit exports have surged by 47.5 per cent over the last five years, significantly benefiting from free trade agreements with the UAE and Australia. The government is focused on quality assurance and exploring new markets while developing cold chain infrastructure to boost these exports.

India plans to impose retaliatory duties on EU imports after failing to reach an agreement over the EU’s restrictive safeguard measures on certain steel products under WTO norms. This move follows significant trade losses incurred by India since 2018. The EU’s extension of safeguards and India’s substantial interest in steel exports have intensified the trade […]

The bilateral trade agreement talks between India and the US are progressing positively, ensuring mutual benefits while safeguarding Indian interests. Commerce and Industry Minister Piyush Goyal assures that despite potential turbulence from reciprocal tariffs, India’s growth story under Prime Minister Narendra Modi will continue to drive the global economy forward.

India and the US are in ongoing talks for a trade agreement. These discussions are progressing well and aim to benefit both nations while protecting India’s interests. The two countries hope to double bilateral trade to USD 500 billion by 2030. Reciprocal tariffs and greater market access are key points in these negotiations.

India is preparing to respond appropriately to the US’ reciprocal tariffs, expected to be implemented next week. While there is uncertainty surrounding the tariffs, Indian officials and industries are concerned about potential impacts on jobs and seeking swift completion of a bilateral trade agreement to mitigate effects. Talks for the agreement are reportedly progressing well.