India and the United States are on the brink of sealing a historic trade deal, with both nations ironing out the final details. With key issues nearly resolved, negotiations are flowing smoothly and without any emerging challenges.
India, US ‘very near’ to a trade agreement: Official
Indian refiners are preparing to significantly reduce imports of Russian oil. This comes after the United States imposed sanctions on major Russian oil exporters, Rosneft and Lukoil. The strict enforcement of these sanctions could disrupt global oil markets. This disruption may lead to a substantial reduction in Russian oil supply. Indian refiners and banks are […]
Commerce and industry minister Piyush Goyal expects ‘fair and equitable’ US trade agreement
1 month ago
With a wave of optimism, Piyush Goyal, India’s Commerce Minister, highlighted the promising discussions surrounding a trade partnership with the United States. As both sides strive to wrap up the first segment of the deal by autumn, the importance of this relationship is underscored, especially as the US remains India’s foremost export market.
India and Germany held discussions in Berlin to bolster cooperation across trade, investment, technology, green energy, and skilling. Minister Piyush Goyal met with German counterparts, exploring avenues to deepen bilateral economic ties and foster business-to-business linkages, particularly in innovation and advanced manufacturing.
India, US trade talks progressing; hope to work towards fair, equitable pact in near future: Goyal
1 month ago
India and the United States are deep in conversations about trade, working diligently towards crafting a balanced agreement. The goal is to finalize the initial stage of this pact by the end of 2025, with hopes of enhancing trade relations dramatically. This partnership is vital for fortifying the economic connections between the two nations.
Gibraltar is on a mission to strengthen its business ties with India. With the recent establishment of an agreement with the European Union, local authorities believe the region is primed for unprecedented economic engagement. They plan to leverage the vibrant Indian Gibraltarian community to enhance trade and cultural interactions.
Draft rules for autonomous vessels have been proposed, allowing inland waterway operations without onboard crew, subject to remote monitoring and shore-based support. Vessel owners will be liable for accidents. Semi-autonomous vessels will require minimum crew presence, with manning determined by risk-based assessments considering automation levels and operational factors.
Prime Minister Modi and President Trump’s recent call has boosted trade deal hopes, though finalising it remains challenging. Negotiations are intense, with potential tariff reductions on Indian exports. While Trump claimed discussions on Pakistan and Russian oil, sources deny Pakistan was mentioned, and Trump softened his stance on oil imports.
India is calling on developing and least developed nations to unite. They must address global trade challenges like tariff barriers and environmental restrictions. Minister Piyush Goyal emphasized the need for a collective voice on issues impacting all. This includes critical minerals access and supply chain management. India is bridging the technological divide.
India has strongly opposed a China-led proposal at the WTO for an investment facilitation agreement, citing systemic and legal concerns. New Delhi argued that supporters attempted to pressure members rather than engage meaningfully.