Some of the stipulations of the amended treaty are: a contracting state cannot decline to supply info solely because it has no domestic interest in such information; info cannot be held back on the grounds that it is held by a bank or financial institution or nominees or person acting in a fiduciary capacity; and, […]
Belgium to share past financial data with India under revised tax treaty
US tariffs: India exports resilient on front-loading, select goods diversification, says Barclays
1 month ago
Steady export growth in goods exempted from US tariffs so far, including telecom and pharma, have also contributed to this resilience.
Commerce and Industry Minister Piyush Goyal on Tuesday said India will not compromise the interests of farmers, dairy producers, or workers in ongoing trade negotiations. Speaking at Udyog Samagam 2025, a conference of state industry and commerce ministers, Goyal said the government is committed to securing a “fair, equitable and balanced trade deal.”
US President Donald Trump indicated a trade deal with India is nearing completion, with tariffs expected to be lowered. He expressed optimism about reaching a fair agreement beneficial to both nations. Indian Commerce Minister Piyush Goyal previously stated talks are progressing well, though sensitive issues require time. Both countries aim to significantly boost trade by […]
India’s External Affairs Minister S Jaishankar is in Canada for the G7 foreign ministers’ meeting. He aims to restart trade pact talks with Canada. Discussions will also cover technology, energy, and critical minerals. This visit follows a recent trip by Canada’s minister to India. Both nations agreed to begin ministerial-level trade and investment discussions soon.
The US has rejected India’s claim that its 50% copper tariffs are WTO safeguard measures, stating no basis for India’s proposed duty suspension on American goods. Washington asserts the tariffs, imposed August 1, are national security measures under Section 232, aiming to reduce foreign dependence on critical copper imports.
Indian exporters are visiting Moscow this week. This visit aims to find new markets for Indian goods. It comes as US tariffs increase and Indian exports to the US decline. Russia is seen as a key partner with potential for growth. Indian companies will showcase their engineering products at an expo.
The government will permit 1.5 million tonnes of sugar exports for the 2025-26 season. An export duty of 50 percent on molasses has also been removed. This decision aims to support sugarcane farmers. Sugar production is projected to exceed domestic demand, leading to surplus stocks. The export allocation is less than industry requests.
India’s Commerce Minister Piyush Goyal met with Australian counterparts in Melbourne to discuss trade in goods, services, investment, and cooperation. The discussions focused on unlocking the full potential of the India-Australia Economic Partnership and advancing negotiations for a comprehensive CECA, building on the existing ECTA.