Exporters in Gift City can retain forex proceeds for 3 months now

The Reserve Bank of India has amended FEMA regulations, allowing exporters to hold foreign exchange proceeds in Gujarat’s Gift City for up to three months. This move provides operational relief and greater flexibility in repatriating funds, aligning with USD-INR trends. Previously, funds had to be repatriated by the end of the following month.

Indian trade negotiators are heading to the US this week for talks on a bilateral trade agreement, with both sides hopeful of concluding the first phase by year-end. Discussions are progressing positively, and New Delhi may also increase natural gas purchases from the US to address the trade gap.

India and Canada have agreed on a new roadmap for bilateral relations following talks between their foreign ministers in New Delhi. Canadian Foreign Minister Anita Anand’s visit aims to reset ties, with discussions focusing on enhanced cooperation in trade, energy, technology, agriculture, and people-to-people connections.

India and the US are nearing a trade deal, with optimism high for a fall conclusion. A delegation heads to Washington this week to finalize market access, energy, and tech trade. Simultaneously, India’s Free Trade Agreement talks with the EU are progressing, though carbon adjustment and sector-specific issues remain. These efforts bolster India’s global economic […]

US ambassador-designate Sergio Gor met with Commerce Secretary Rajesh Agrawal to discuss strengthening India-US economic ties and firming up a trade deal. The discussions followed Gor’s meetings with top Indian officials, aiming to improve relations strained by recent US trade actions and visa policies.

India is actively addressing over 65 non-tariff barriers impacting its marine and agricultural exports to Russia, aiming to reduce a significant trade deficit. Key concerns include obtaining approval for Indian marine product units for shrimp exports, a crucial step for diversifying shipments after US tariffs.

India’s merchandise trade deficit is projected to widen to $28.0 billion in September 2025, primarily due to a surge in gold imports driven by the festive season. A delay in the US-India trade deal also impacts exports. The deficit is expected to remain elevated, with ongoing trade talks offering a potential for future improvement.

Switzerland’s Ambassador to India, Maya Tissafi, hailed the India-EFTA free trade agreement as a “very important step” after 16 years of negotiations. The Trade and Economic Partnership Agreement (TEPA), effective October 1, 2025, commits EFTA countries to invest $100 billion and create 1 million jobs in India over 15 years, marking a significant deepening of […]

India and Canada are discussing ways to boost economic ties. Ministers Piyush Goyal and Maninder Sidhu explored new trade opportunities in clean technology, AI, agriculture, and critical minerals. This comes after past trade agreement negotiations were paused. Discussions aim to build on mutual respect and trust. India’s exports to Canada saw an increase in the […]