India and the EU are currently engaged in FTA negotiations, addressing non-tariff barriers like CBAM, EUDR, and India’s QCOs. While aiming to finalize the agreement by year-end, discussions include the possibility of a single-phase conclusion, mirroring the UK deal.
India-EU FTA talks turn to carbon tax, QCO issues
Trade is a big reason they stopped fighting, claims Donald Trump on India-Pakistan tensions
1 year ago
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.
US-China deal to roll back high tariffs presents challenges, opportunities for India: Exporters
1 year ago
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 […]
Geopolitical tensions between India and Pakistan are causing concern among foreign importers, who are seeking updates from Indian suppliers. Cargo movement has slowed at some ports, and banks are taking longer to process documents for shipments to Turkiye due to its support for Pakistan.
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 poised to double ready-made garments market share to 12% in UK in near term: CareEdge
1 year ago
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.
Union Minister Sarbananda Sonowal reviewed key maritime projects in Mumbai, emphasizing smooth cargo operations and India’s maritime leadership. He assessed the progress of projects like the National Maritime Heritage Complex, Vadhvan Port, Chabahar Port, and Sittwe Port.
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.