India and Italy are set to boost collaboration in key sectors like aerospace, energy transition, and agriculture, as announced by the government. Both nations aim to establish joint working groups in the automobile and space industries, while also exploring opportunities in sustainable agriculture and renewable energy. Furthermore, they intend to facilitate the movement of skilled […]
India & Italy agree to deepen ties in aerospace, agri, energy transition
India and the US are currently engaged in negotiations for a bilateral trade agreement (BTA), aiming for a swift and mutually advantageous initial phase. Discussions focus on enhancing market access by lowering tariffs and trade barriers, alongside strengthening supply chain integration.
Odisha has expanded its agricultural exports by adding France and Belgium to its mango export destinations. This success builds upon existing markets like Dubai and London, with exports nearing 100 MT since May 2024. Farmers are benefiting from 40-60% higher prices due to direct export access and improved quality, solidifying Odisha’s position as a growing […]
India has achieved 3rd rank in building cargo vessels for European trade. This success is attributed to the Maritime Amrit Kaal Vision 2047. The Maritime India Vision 2030 aims for holistic maritime sector development. Port capacity and efficiency have improved. Capital expenditure in the sector has also increased. Around 75 port development projects have been […]
India and the European Union are working to finalize the Free Trade Agreement talks before the deadline. Piyush Goyal met Maros Sefcovic multiple times to speed up negotiations. India-Italy bilateral trade is currently suboptimal. India proposed an industrial enclave for Italian companies in India. The aim is to boost trade, investment, and tourism between the […]
India and the European Union are actively pursuing a free trade agreement. Commerce Minister Piyush Goyal and European Commissioner Maros Sefcovic have met multiple times recently. India has already signed agreements with EFTA and the UK. Negotiations with the EU stalled in 2013 but resumed in June 2022.
Piyush Goyal cautioned about the risks of critical mineral supply chains being concentrated in specific regions, potentially hindering global economic progress. He highlighted the potential for increased collaboration between India and Italy in the critical minerals sector. India is actively promoting domestic R&D to reduce reliance on specific critical minerals.
Commerce and Industry Minister Piyush Goyal proposed developing industrial conclaves in India for Italian businesses to boost investments. He suggested setting up manufacturing units and offices in these enclaves, offering a ‘home away from home’ environment with amenities like hotels and healthcare.
India and Kyrgyzstan have reinforced their economic ties with the enforcement of a new Bilateral Investment Treaty (BIT), effective June 5, 2025. Replacing the 2000 agreement, the BIT aims to protect cross-border investments and create a secure environment for investors. It balances investor rights with sovereign regulatory powers, promoting sustainable development and transparent investment.
India has urged action against trade distortions from non-market economies and non-tariff barriers, emphasizing the need for a robust WTO dispute settlement mechanism. Piyush Goyal stressed strengthening the consensus-based approach and special treatment for developing nations. Discussions also covered agriculture, overfishing, and concerns about incorporating joint statement initiatives into the multilateral framework.