India is scrutinizing recent import tariffs from the US as it prepares for trade treaty negotiations. Discrepancies in trade data between the two countries are being addressed, amid Trump’s tariff abuse claims. Notably, the US reports higher imports from India than India’s export figures. Differences in data capturing methods and trade practices may be the […]
India reviews tariff data ahead of US trade talks, addressing discrepancies in bilateral trade figures
European Commission President Ursula von der Leyen and India’s external affairs minister S Jaishankar have discussed advancing the free trade agreement and cooperation in sectors like high technology and climate change. They aim to finalize new strategic agreements, especially as Europe seeks to mitigate risks in its relationship with China.
India and the EU are focusing on trade talks addressing tariffs and regulatory issues, including diamond traceability and data security. The aim is to resolve differences in their free trade agreement negotiations. India’s priorities include concessions on diamond traceability and better access for skilled professionals.
Indian officials are considering lowering tariffs on imports such as cars and chemicals to avoid US President Trump’s reciprocal levies. The aim is to finalize a trade deal with the US by fall, with the goal to bolster trade to $500 billion by 2030, addressing Trump’s demand for fair trade practices.
European Union President Ursula von der Leyen will visit India to discuss preventing restricted technologies from reaching Russia, particularly electronics with military applications. Talks will also cover reducing high tariffs on cars and wine to advance a free trade agreement. The EU is concerned about India’s role in supplying dual-use items to Russia, while India […]
The UK celebrated GBP 100 million in investment from Indian companies, which will create hundreds of jobs. Sectors impacted include AI and textiles, with UK insurance companies benefiting from increased FDI limits in India’s insurance sector. The visit by Business and Trade Secretary Jonathan Reynolds highlighted this week’s FTA negotiations and future growth opportunities.
The European Union plans to urge India to lower tariffs on cars and wine to boost trade and reduce reliance on China. European Commission President Ursula von der Leyen will discuss this with Indian leaders during her visit, aiming to expedite free trade agreement talks. The EU also seeks deeper economic and security cooperation with […]
UK trade secretary, investment minister firm up 17 new export, investment deals during India visit
1 year ago
During visits to India, UK Trade Secretary Jonathan Reynolds and Investment Minister Poppy Gustafsson announced 17 new export and investment deals. The recent Indian budget increasing FDI in insurance to 100% enhances British firms’ expansion potential. Over 950 Indian companies in the UK and 650 UK firms in India collectively support over 600,000 jobs.
India is working on various free trade agreements (FTAs) to enhance export opportunities and strengthen market access for domestic industries. Recently, India resumed negotiations with the UK for an FTA. The agreement aims to benefit both countries by reducing tariffs and expanding cooperation in several sectors, including technology, healthcare, and education.
Union Commerce and Industry Minister Piyush Goyal highlighted India’s potential in ship-building and maritime trade during a virtual conference. He emphasized the need for more flagged vessels, improved logistics, and faster exports. Goyal called for suggestions to enhance the sector and stressed its importance to India’s economy and trade infrastructure.