Trade is a big reason they stopped fighting, claims Donald Trump on India-Pakistan tensions

President Donald Trump asserted that trade played a significant role in the ceasefire agreement between India and Pakistan. He stated the United States is prepared to assist both nations following the agreement, which he claims his administration helped facilitate. This understanding to halt firings and military actions followed heightened tensions after attacks.

A temporary tariff truce between the US and China presents India with both opportunities and challenges. While increased US-China trade may intensify competition in some markets, India can leverage its strengths in sectors like pharmaceuticals and IT. Experts suggest India should proactively seek preferential trade access with the US and encourage domestic manufacturing to mitigate […]

India’s free trade agreement with the UK offers limited import duty benefits on beer and excludes wine, alongside dairy, apples, and other sensitive agricultural products. While Scotch whiskey and cars will become cheaper, duties on Indian garments and leather will reduce in the UK. The agreement, expected to be implemented in over 15 months, is […]

India and the EU are set to begin the next round of FTA talks, aiming to finalize the first phase swiftly due to global trade uncertainties. Negotiations will cover market access, services, investment, and government procurement, with a focus on core trade issues for an early harvest.

India and UK concluded a Free Trade Agreement. This will boost India’s garment exports. India’s market share in the UK is set to double. This could mean an extra USD 1.1-1.2 billion in exports. The FTA gives India an edge over competitors like China. Favorable policies in India will further help the garment sector.

Mercedes-Benz and BMW view the India-UK FTA positively, anticipating it will foster growth through free trade. However, they suggest the agreement’s impact on luxury car prices in India will be limited due to the prevalence of CKD imports and quota restrictions. Both companies emphasize their commitment to local production and localization within the Indian market.

Kesar mangoes, known for their hardiness and appeal to the Gujarati diaspora, have overtaken Alphonso as India’s top mango export to the US, now India’s largest mango market. Kesar’s global exports have surged, driven by its longer shelf life and growing popularity, while Alphonso faces logistical challenges and competition from other varieties like Yemeni mangoes.