India has requested consultations with Indonesia under WTO rules regarding the extension of safeguard measures on cotton yarn, citing its significant trade interest in the textile product. Indonesia’s decision was influenced by an unexpected surge in Indian cotton yarn exports. India proposes virtual consultations in June 2025 to review information and exchange views on the […]
India seeks WTO consultations with Indonesia on cotton yarn safeguards
The United States rejected India’s stance on steel and aluminium tariffs. America claims these are for national security, not safeguards. India reserved the right to impose retaliatory duties. The US argues India hasn’t complied with obligations. GTRI suggests resolving the issue via the India-US trade agreement. They propose India impose its own tariffs as a […]
Donald Trump’s proposed 50% tariff on steel and aluminium imports threatens India’s engineering goods’ shipments, potentially impacting USD 5 billion worth of exports. The existing 25% tariff has already intensified global competition. EEPC India urges a waiver similar to the UK’s, fearing complications in ongoing Bilateral Trade Agreement negotiations.
“Will negotiate a fair balance,” Piyush Goyal optimistic of wrapping up FTA with EU by year end
5 months ago
India aims to finalize a Free Trade Agreement with the European Union by year-end. Commerce Minister Piyush Goyal sees minimal disagreements. Both economies complement each other, boosting growth. Sensitive issues need resolution. India emphasizes gender equality and sustainability. The FTA focuses on market access and trade. It promises broader economic opportunities and benefits for consumers.
Tariff war will weigh on capital investment & diminish demand: ADB President Masato Kanda
5 months ago
The Asian Development Bank (ADB) is set to invest $10 billion over five years to upgrade India’s urban infrastructure, including metro extensions and rapid transit systems. ADB expects India’s GDP to grow at 6.7% in FY26 and 6.8% in FY27, surpassing other developing Asian economies. The bank supports India’s reforms, particularly in manufacturing and skills […]
Commerce Minister Piyush Goyal expressed optimism that India and the EU could finalize a comprehensive free trade agreement by year’s end, citing significant progress and complementary economies. While sensitive issues remain, both sides are committed to resolving them amicably. Negotiations resumed in 2022 after an eight-year hiatus, with bilateral trade reaching $137.41 billion in fiscal […]
WTO meet on June 3 in Paris: India to raise issues on agri, fisheries, investment facilitation
5 months ago
India will voice its concerns regarding agriculture, fisheries agreement, and the WTO’s appellate body dysfunction at a Paris meeting of trade ministers on June 3. Commerce Minister Piyush Goyal will attend the meeting, raising issues like investment facilitation proposals led by China.
Deendayal Port Authority of Kandla achieved a new milestone. The port unloaded 79,780 tonnes of steam coal from MV KMAX RULER in 24 hours. The port exceeded its cargo handling target for the financial year. It now aims to handle 170 million tonnes of cargo. The Union Government is working to enhance the port’s capacity.
Donald Trump’s decision to double tariffs on steel and aluminium imports is set to affect Indian exporters. India’s iron, steel, and aluminium exports to the US, valued at USD 4.56 billion, face higher tariffs. The Indian government may retaliate with tariffs on US goods. Federation of Indian Export Organisations urges government intervention and market diversification.
President Trump announced the U.S. is nearing a trade deal with India, while Pakistan is expected in Washington for talks. He cautioned that conflict between India and Pakistan could jeopardize these negotiations. These developments occur amid heightened tensions and potential tariffs on Pakistani exports, as India and the U.S. aim for an interim trade deal […]