Deeper cut to duty for US on cards; four to five products specific to US under consideration

7 months ago

The government wants to make sure that the beneficiary products are made in the US. The list could cover four to five products, including certain kinds of electronics, chemicals and plastics, besides aircraft, parachutes and cruise ships. India levies duties of 7.5-10% on these items.

India-US trade pact to be good for both; our interests will be protected: Piyush Goyal

7 months ago

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-US trade agreement talks progressing well; will be for good of both nations: Piyush Goyal

7 months ago

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 awaits clarity on Trump’s tariffs; officials say New Delhi will react after US makes announcement

7 months ago

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.

India, US holding very active and intense discussions on trade: Jaishankar

7 months ago

India and the US are currently engaged in active and intense trade discussions, aiming for a bilateral trade agreement by fall 2025. Following recent talks between Prime Minister Modi and President Trump, the negotiations also include topics like opening up India’s agricultural market and boosting energy relations.

Tariff exemption to India will push Indo-US bilateral trade: Exporters

7 months ago

Exempting India from US reciprocal tariffs could promote smooth bilateral trade, say exporters. Despite potential tariffs on Indian products, negotiations for a bilateral trade agreement targeting 2025 are ongoing. However, obtaining exemptions might necessitate significant concessions from India beyond the trade sector, making their receipt uncertain.

India’s exports are bound to grow despite global uncertainties: DGFT

7 months ago

India’s exports are expected to grow despite global trade uncertainties, according to Director General of Foreign Trade Santosh Kumar Sarangi. Steps like production linked incentive schemes are boosting domestic manufacturing and order books remain positive, suggesting a healthy growth rate for exports, as emphasized by FIEO Director General Ajay Sahai.

India to let mills export 1 million metric tons of sugar permitted for this year, sources say

7 months ago

India will not impose restrictions on exporting 1 million metric tons of sugar this season despite lower output estimates. With ample stocks to meet domestic needs and surplus supply, the government sees no reason for export curbs. Mills will produce 26.4 million tons of sugar against a demand of 28 million tons, with adequate carryover […]

India-Singapore to develop Green and Digital Shipping corridor

7 months ago

India and Singapore have signed a Letter of Intent to develop a Green and Digital Shipping Corridor, focusing on maritime digitalisation and decarbonisation projects. This partnership aims to drive innovation through low-emission technologies and enhance digital integration in the maritime sector. Additionally, discussions with the Netherlands explored developing a Green Shipping Corridor and upskilling India’s […]

India, Singapore join hands for Green and Digital Shipping Corridor

7 months ago

India and Singapore have signed a Letter of Intent focused on green and digital shipping collaboration. This agreement aims to promote the adoption of zero-emission technologies and digital solutions, enhancing cooperation between both nations. The partnership will be formalized with a memorandum of understanding.

Deeper cut to duty for US on cards; four to five products specific to US under consideration

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