Next round of India-EU FTA talks in 2025

India and the EU are set to hold the next round of FTA negotiations in early next year. Limited progress was achieved on rules of origin and government procurement. Positive discussions took place on market access for goods, sectoral annexes, and professional qualifications recognition.

South African importers and consumers have expressed relief as India withdraws its ban on non-basmati white rice exports, imposing a floor price of USD 490 per tonne. The eased restrictions are expected to stabilize global rice prices and meet South Africa’s annual demand of 10 million tonnes.

Indonesia plans to extend the duties by two years till November 2026, a move that may further hurt India’s exports of the product to the island nation. The safeguard duties were first imposed in 2018 and India’s exports of ceramic products to Indonesia have declined 65% between FY20 and FY24. “The result of the consultations […]

Healthy order inflows and rising demand are expected to boost revenues of Tamil Nadu’s readymade garment exporters by 8-10% to Rs 43,000 crore this fiscal, driven by a significant export share. Improvements in operating profitability and realizations, supported by favorable government policies and stable yarn prices, will also contribute.

Indian and European regulators are working to resolve clearing house oversight issues. If not resolved by October’s end, European banks must set up provisions with Indian custodians. This dispute, triggered by ESMA’s withdrawal of recognition from Indian CCPs, might disrupt significant trading. Talks continue in a constructive manner with potential solutions being explored.

Escalating US-China trade tensions could boost India’s exports and attract American investments, as new US Senate bills may shift production away from China. India can leverage this by enhancing its manufacturing sector in electronics, textiles, and other industries, reducing reliance on Chinese products.

India has approved a 101 billion rupee ($1.2 billion) initiative to double edible oil production within seven years, aiming to reduce reliance on imports. The program will boost oilseed productivity using high-yield varieties and advanced technologies, targeting a production increase from 12.7 to 25.45 million metric tons by 2030-31.