India and Malaysia have agreed to expedite the review of the Asean India Trade in Goods Agreement (AITIGA) for a substantial conclusion by 2025. Both sides also discussed bilateral trade, market access, and other areas of cooperation. A joint committee meeting is scheduled for April 9-11, aiming to advance the review process this year.
India, Malaysia discuss expediting Asean trade pact review, semicon cooperation
Slovenia’s potential involvement in the IMEEC could position Port Koper as a vital trade route between India and Central/Eastern Europe. Slovenian Minister Tanja Fajon highlights direct shipping links, potential economic benefits, and support for a Free Trade Agreement between the EU and India. SITE initiative collaboration aims at sectors like renewable energy, space, and food […]
India’s merchandise exports decreased by 10.9% in February, marking the sharpest decline in 20 months due to subdued global demand and a high base effect. Imports also dropped by 16.3%, leading to a reduced trade deficit of $14 billion, the lowest in 42 months.
India and the EU should collaborate to address non-tariff barriers and align standards to ease trade, amid global economic uncertainties, said Jitin Prasada, India’s minister of state for commerce and industry. He emphasized the need for Europe to diversify its supply chain and highlighted India’s large talent pool in sectors like IT, engineering, healthcare, and […]
Moody’s Ratings warns that US tariffs pose risks to South and Southeast Asian companies, notably in automotive, steel, and chemicals sectors. Indian IT giants like TCS and Infosys are well-positioned despite potential US immigration policy changes. Vehicle export impacts are limited, with most mining and energy firms unaffected.
India’s port industry is projected to grow at 4-7% annually over the next five years, driven by rising imports and decreased freight costs. Key ports like Chennai will play a pivotal role in transshipment, while capacity is expected to increase significantly, surpassing 500 MTPA annually.
India and New Zealand resume negotiations for a free trade agreement after efforts stalled in 2015 over issues like dairy and agriculture. The renewed talks aim to boost trade, services, and investment, fostering mutual economic growth. Indian goods exports to New Zealand hit $494.44 million during April-December FY25.
India and New Zealand have resumed negotiations for a Comprehensive Economic Cooperation Agreement after a decade-long hiatus. The agreement aims to enhance trade in goods, services, and investments, potentially unlocking new business opportunities and improving market access. The discussions will focus on balancing outcomes that benefit both nations.
India seeks to enhance its export potential in the proposed FTA with the EU by aiming for reciprocal concessions, particularly in the medical devices sector. Current negotiations are imbalanced, with the EU imposing stringent regulatory barriers, making it difficult for Indian exporters to access the EU market.