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 […]

India is in talks for investment treaties with nations like Saudi Arabia and Russia. These treaties aim to protect and boost investments. Deals with some countries may finalize soon. The government wants to revamp investment treaties to attract foreign investors. India implemented treaties with UAE and Uzbekistan last year. The goal is to balance investor […]

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.

Despite heightened tensions and border closures, trade between Pakistan and India persisted in May, primarily through indirect channels. Imports from India reached a three-year high during July-May FY25, totaling USD 211.5 million, while exports from Pakistan remained minimal. Although formal trade suffered, unofficial trade, estimated at USD 10 billion annually, continues via third countries due […]

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 […]

India prioritizes mutual benefits and national interests over deadlines in trade agreements, according to Minister Piyush Goyal. He emphasized fairness and a win-win approach, especially with the US, amidst looming reciprocal tariffs. While negotiations continue with the US, EU, and other nations, India remains firm on securing favorable terms before finalizing any deals.