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.
India, US holding very active and intense discussions on trade: Jaishankar
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 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
1 year 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 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 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.
India is considering reducing customs tariffs on select US imports, like gas and farm produce, in a bid to secure concessions in regulations for its own exports. Negotiations aim to finalize the first part of a Bilateral Trade Agreement within six months, focusing initially on goods trade.
The textile and apparel industry has set a target of $100 billion in exports by 2030 and proposed a five-point plan. Key measures include removing the 10% import duty on cotton fibers, launching an incentivization scheme, fast-tracking PM MITRA parks, expediting FTAs with the EU and USA, and not increasing GST rates for ready-made garments.
India, US to focus on higher market access, lower import duty and trade barriers: Govt to Parliament
1 year ago
India and the US are set to increase market access and improve bilateral trade by reducing tariffs and enhancing supply chain integration. With recent progress in exporting goods under PLI schemes, India aims to strengthen its domestic production across key sectors including pharmaceuticals and electronics, while engaging in trade agreements with partners like EFTA.
India is considering cutting tariffs on over half of U.S. imports worth $23 billion as part of a trade deal to avoid reciprocal tariffs from the U.S. due to take effect on April 2. The reduction, which could apply to goods subject to 5%-30% tariffs, aims to alleviate the impact of U.S. tariffs on India’s […]