India’s chief negotiator Darpan Jain will lead a delegation to Washington next week to finalize the legal agreement for the India-US trade deal, aiming for a March signing. The visit follows the finalization of an interim trade agreement framework, with virtual talks ongoing to translate contours into a legal pact.
India-US trade deal: Trade team heading to Washington next week for legal pact
Digital trade chapter not in India-US interim trade pact; to be taken up in BTA, says official
3 weeks ago
India and the US have not yet discussed digital trade in their initial trade agreement. This crucial chapter will be negotiated as part of the larger bilateral trade agreement. US companies are eager to explore India’s rapidly expanding digital trade sector. The two nations are committed to establishing clear rules for digital trade.
India, UK making genuine effort to see if FTA can be operationalised in April: Commerce Secy
3 weeks ago
India and the UK are genuinely working towards operationalizing their free trade agreement in April, aiming for 99% of Indian exports to enter the British market duty-free. Meanwhile, India is also seeking to expand its preferential trade agreement with Mercosur and is in negotiations for FTAs with Israel and Canada.
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In a significant development, India and the United States have inked a preliminary trade pact aimed at enhancing economic ties. This agreement features a reduction in US tariffs on various Indian imports, easing the burden on exporters. Nonetheless, challenges linger, particularly around India’s ongoing crude oil purchases from Russia and future commitments from the US.
India and the UK are set to implement their free trade agreement in April 2026. This pact will allow 99 percent of Indian exports to enter Britain duty-free. Tariffs on British products like cars and whisky will also be reduced in India. The agreement aims to boost trade significantly between the two nations.
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“Japan has helped train approximately 24,000 young Indians over the past seven years through Japanese-style manufacturing programs,” Okumura said at the summit, adding her country has supported India’s metro systems, high-speed rail, and dedicated freight corridors through the Japan International Cooperation Agency (JICA).
Argentina-India trade boost: Argentine envoy eyes deeper cooperation and economic growth
3 weeks ago
Argentine Ambassador Mariano Caucino highlighted that Argentina and India are set to deepen cooperation across numerous sectors, with trade volume expected to rise. Since becoming strategic partners in 2019, economic ties have grown significantly, with India now being Argentina’s sixth-largest economic partner.