“Mother of all trade deals” with India coming soon: EU’s Ursula von der Leyen at WEF

India’s customs duty structure needs simplification. The Global Trade Research Initiative suggests reducing the actual number of duty slabs, not just basic customs duty rates. This reform aims to boost ease of doing business. Current complexities hinder manufacturing and exports. Simplifying tariffs and processes is crucial for economic growth and competitiveness.

In a move that could redefine trade relationships, India and the European Union are finalising a groundbreaking free trade agreement. EU dignitaries Ursula von der Leyen and Charles Michel are set to be the esteemed Chief Guests at India’s Republic Day celebration.

A potential US-EU trade dispute could boost Indian exports as the EU seeks stronger ties with nations like India. With the US imposing tariffs on several European goods, the EU may expedite its free trade agreement talks with India. This could lead to a more favorable deal and faster ratification, presenting India as a stable […]

India and the European Union will announce the conclusion of free trade agreement negotiations at a summit on January 27. A security and defence partnership agreement will also be signed. EU leadership will attend India’s Republic Day celebrations as chief guests. Negotiations for the trade pact resumed in 2022 and are in the final stages.

China has requested the WTO’s dispute settlement body to establish a panel to examine its case against India’s incentive schemes for auto, battery, and electric vehicles. Bilateral consultations failed to resolve the dispute, with China alleging the schemes violate global trade rules by discriminating against its goods.

European Council President Antonio Costa and European Commission President Ursula von der Leyen will be the chief guests at the Republic Day celebrations on January 26, and the India-EU summit will be held the next day.

India and the UAE have set an ambitious target to double bilateral trade to $200 billion by 2032, signing key agreements in energy, defense, and space. A 10-year LNG supply deal between HPCL and ADNOC was confirmed, bolstering India’s energy security. The nations also advanced defense and space cooperation, signaling a decade of closer economic […]

New guidelines are in place for Indian missions abroad. The government aims to boost exports by diversifying markets. These steps are crucial amid global economic uncertainties. Commercial representatives will manage trade barriers and conduct market research. The goal is to leverage free trade agreements and increase their utilization. India targets USD 2 trillion in exports […]