India and the European Union are dedicated to swiftly achieving a balanced and mutually advantageous free trade agreement, according to Commerce and Industry Minister Piyush Goyal. The 13th round of negotiations saw EU Trade Commissioner Maros Sefcovic and European Agriculture Commissioner Christophe Hansen visiting New Delhi to advance the discussions.
India, EU committed to work for mutually beneficial trade pact soon: Goyal
India’s auto component industry anticipates minimal long-term effects from US and Mexico tariffs. Exports to these nations are currently modest. The industry expresses concern over tariffs on commercial and off-road vehicle parts. Industry leaders expect exports to recover, supported by India’s cost advantage. Opportunities exist in ICE powertrain parts and wiring harnesses.
US Treasury calls on G7, EU to impose tariffs on China, India over Russian oil purchases
1 month ago
The U.S. Treasury is urging G7 and EU allies to impose tariffs on goods from China and India to curb their Russian oil purchases, aiming to cut off funding for Russia’s war in Ukraine. An emergency G7 finance meeting is convened to discuss escalating pressure on Moscow.
Sona Comstar’s CEO, Vivek Vikram Singh, is urging government intervention to address rare earth metal supply constraints from China, impacting auto component production. The company faced production losses and is using less efficient alternatives. Singh also lauded recent GST rate cuts as a boost for the industry and emphasized the importance of the India-EU FTA […]
India and the European Union are actively pursuing a comprehensive free trade agreement, aiming to finalize negotiations by the end of December. Both sides are engaged in intensive discussions to create a balanced and mutually beneficial partnership that encourages innovation and strengthens supply chains.
India, EU trade pact to help promote trade in auto sector: EU Trade Commissioner Sefcovic
1 month ago
The EU and India are negotiating a trade agreement. This agreement aims to boost trade by removing tariffs on auto parts. Maros Sefcovic says this will help both economies. The deal could bring new technology to India. It may also help develop better combustion engines and electric vehicles. Both sides want to finalise the deal […]
India’s logistics sector braces for a surge in demand as the revamped GST takes effect on September 22, triggering a consumption spike. Automakers, electronics firms, and e-commerce platforms are scrambling to secure trucks and bolster infrastructure to meet the anticipated festive season rush.
Adani Ports & Logistics has officially banned vessels sanctioned by the EU, US, and UK from its ports, responding to increased international oversight of Russian and Iranian shipping, especially oil transported via the shadow fleet. The advisory, issued on September 11, 2025, prohibits sanctioned vessels from entering, berthing, or utilizing port services, aiming to restrict […]
Sergio Gor, US ambassador-designate to India, told the Senate that trade discussions with India are progressing. He highlighted India’s strategic importance to the US. Gor pledged to strengthen ties in security, trade, and shared values. Secretary Rubio emphasized India’s central role in the Indo-Pacific. Howard Lutnick criticized India’s purchase of Russian oil during an interview.
Indian exporters met Reserve Bank of India governor Sanjay Malhotra. They requested loan repayment moratoriums and interest subvention schemes. A dedicated export credit sub-target under priority sector lending was also requested. The Federation of Indian Export Organisations highlighted challenges from reduced orders and longer payment cycles. The US imposed tariffs on Indian goods, impacting various […]