India and the European Union are nearing a significant Free Trade Agreement. Ambassadors from EU nations, including Italy, Estonia, and Malta, are optimistic about its conclusion. This deal is expected to boost trade and strengthen defense and strategic ties.
India-EU FTA goes beyond trade, will transform strategic ties: Italian envoy
New EU GSP rules, effective January 1, 2026, will impact only 2.66% of India’s exports to the bloc. Agricultural products are excluded, and only leather benefits are reinstated in the non-agricultural sector. India’s graduation from GSP is attributed to its increasing export competitiveness.
India will be the partner country at Gulfood 2026 in Dubai. Over 160 exhibitors from 25 states will showcase processed foods, frozen products, and pulses. This participation aims to boost India’s agri-exports. The Indian Pavilion has doubled in size, reflecting growing global demand for Indian products. The event begins on January 26.
Facing global trade shifts and tariff pressures, India is urging its embassies to boost outreach in all markets, emphasizing that “every country matters.” The PMO has directed missions to diversify exports by engaging with even smaller economies, recognizing their potential for future growth and integration into global supply chains.
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Trump tariffs reshaping global trade, say experts
2 months ago
Global trade is changing rapidly. US tariff policies have shifted focus from multilateral agreements to bilateral trade deals. This creates uncertainty for businesses. India is strategically diversifying its trade partnerships. This approach helps navigate a more disrupted world. New strategies are needed to adapt to these evolving trade dynamics.
The European Union has suspended export benefits for a significant portion of Indian goods, including textiles and metals, effective January 1. This move removes an average 20% tariff advantage, impacting India’s price competitiveness against countries like Bangladesh and Vietnam. The suspension aligns with the EU’s Carbon Border Adjustment Mechanism and occurs as FTA talks are […]
Exporters are urging the government to implement tax incentives and rationalize import duties in the upcoming Budget. Key demands include reduced income tax for MSMEs, reinstatement of customs duty exemptions on certain leathers, and correction of inverted duty structures in sectors like synthetic yarns and electronics to boost domestic manufacturing and export competitiveness.