India-US likely to take final decision on mini trade deal within 48 hours, CNBC-TV18 reports

India and the United States may finalize a mini trade deal in the next 48 hours. CNBC-TV18 reports that discussions are complete. Negotiations for a larger deal will commence after July 9. The mini trade deal is expected to have average tariffs of 10%. Sources familiar with the matter provided this information. Further details are […]

Indian industry is prepared for any outcome regarding the proposed bilateral trade agreement with the United States, Confederation of Indian Industry (CII)said on Wednesday, emphasizing that the country’s business sector will not pursue deals that compromise national interests.

India has reserved its rights to impose retaliatory duties on the US concerning tariffs on auto parts, a procedural move under WTO safeguards. This action won’t impede ongoing negotiations for the proposed India-US trade pact, aiming to significantly increase bilateral trade.

India and the Maldives have engaged in discussions to strengthen economic cooperation and trade, as highlighted during a meeting between officials in Male. Both nations are exploring new avenues for collaboration, with India emphasizing its role as a key development partner through infrastructure projects and financial support.

Commerce and Industry Minister Piyush Goyal anticipates record exports for India, driven by FTAs and investments, projecting over $870 billion despite global challenges. The government is reviewing existing trade agreements, particularly with ASEAN and Japan, while cautiously approaching trade relations with China. Focus remains on value-added exports and strengthening domestic industries through initiatives like Make […]

GTRI cautions that allowing US GM farm products under a trade pact could harm India’s agri exports to the EU due to strict GM labeling and consumer resistance. Cross-contamination risks from India’s weak agri-logistics could lead to shipment rejections and damage India’s GMO-free image. Currently, India only allows Bt cotton cultivation and imports of GM […]

President Trump announced that the US is likely to begin notifying trading partners on Friday about new tariffs on their exports, set to take effect on August 1. He reiterated his preference for simple agreements over complex negotiations, ahead of his initial July 9 deadline for countries to reach deals with the US.

India and EFTA trade agreement may start soon. Piyush Goyal says it could happen in a couple of months. The agreement involves 100 billion USD investment in India. India issued many quality control orders in the last 10 years. This is to stop import of bad products. Goyal wants more testing labs and better product […]

Commerce and Industry Minister Piyush Goyal affirmed that India will prioritize mutually beneficial trade agreements, avoiding rushed deals under external deadlines. Negotiations with the US are ongoing, with India emphasizing that any agreement must align with its national interests. Discussions continue with various nations, including the EU, New Zealand, and others, while seeking a full […]

India has proposed retaliatory tariffs against the United States. This action is under World Trade Organisation norms. It responds to American tariffs on the automobile sector. The US tariffs impact $2.895 billion of Indian imports. India seeks consultations with the US after Washington increased tariffs. This is the second time India has proposed retaliatory tariffs […]