India and the US are currently engaged in negotiations for a bilateral trade agreement (BTA), aiming for a swift and mutually advantageous initial phase. Discussions focus on enhancing market access by lowering tariffs and trade barriers, alongside strengthening supply chain integration.
US team for trade talks in India, aims at expeditious conclusion of pact
India has achieved 3rd rank in building cargo vessels for European trade. This success is attributed to the Maritime Amrit Kaal Vision 2047. The Maritime India Vision 2030 aims for holistic maritime sector development. Port capacity and efficiency have improved. Capital expenditure in the sector has also increased. Around 75 port development projects have been […]
India and the European Union are actively pursuing a free trade agreement. Commerce Minister Piyush Goyal and European Commissioner Maros Sefcovic have met multiple times recently. India has already signed agreements with EFTA and the UK. Negotiations with the EU stalled in 2013 but resumed in June 2022.
India and the European Union are working to finalize the Free Trade Agreement talks before the deadline. Piyush Goyal met Maros Sefcovic multiple times to speed up negotiations. India-Italy bilateral trade is currently suboptimal. India proposed an industrial enclave for Italian companies in India. The aim is to boost trade, investment, and tourism between the […]
Piyush Goyal cautioned about the risks of critical mineral supply chains being concentrated in specific regions, potentially hindering global economic progress. He highlighted the potential for increased collaboration between India and Italy in the critical minerals sector. India is actively promoting domestic R&D to reduce reliance on specific critical minerals.
Commerce and Industry Minister Piyush Goyal proposed developing industrial conclaves in India for Italian businesses to boost investments. He suggested setting up manufacturing units and offices in these enclaves, offering a ‘home away from home’ environment with amenities like hotels and healthcare.
India and Kyrgyzstan have reinforced their economic ties with the enforcement of a new Bilateral Investment Treaty (BIT), effective June 5, 2025. Replacing the 2000 agreement, the BIT aims to protect cross-border investments and create a secure environment for investors. It balances investor rights with sovereign regulatory powers, promoting sustainable development and transparent investment.
Piyush Goyal meets Italian business leaders in Milan, to co-chair meeting with Italy’s Deputy PM
1 year ago
Piyush Goyal is visiting Italy to boost economic ties. India and Italy will explore collaboration in areas like the India-Middle East-Europe Economic Corridor. They will also focus on Industry 4.0, agritech, and energy transition. Goyal will co-chair the India-Italy Joint Commission for Economic Cooperation with Antonio Tajani.
India has urged action against trade distortions from non-market economies and non-tariff barriers, emphasizing the need for a robust WTO dispute settlement mechanism. Piyush Goyal stressed strengthening the consensus-based approach and special treatment for developing nations. Discussions also covered agriculture, overfishing, and concerns about incorporating joint statement initiatives into the multilateral framework.
India weighs legal uncertainties around Trump tariffs as trade pact talks start this week
1 year ago
India is approaching upcoming trade talks with the US cautiously due to legal uncertainties surrounding Trump’s tariffs. These uncertainties, including a court challenge to the tariffs and potential further increases, could influence India’s strategy for a proposed bilateral trade pact. Despite the complexities, India aims for a balanced agreement while considering retaliatory measures to protect […]