EU team to meet Piyush Goyal tomorrow on FTA

The meeting is important as both sides are eager to conclude the negotiations as early as possible. The team, led by EU’s Directorate-General for Trade Sabine Weyand, is here to iron out differences on issues pertaining to both goods and services. They have fixed the year-end deadline to conclude talks.

India and the United States are set to begin three-day trade talks in New Delhi on December 10 to finalise the first phase of their proposed bilateral trade agreement. The discussions, led by US Deputy Trade Representative Rick Switzer, are crucial for addressing reciprocal tariffs and boosting bilateral trade, which aims to reach $500 billion […]

Russia has ramped up its fertilizer exports to India, now commanding a staggering 26% of the subcontinent’s fertilizer imports. This surge contributes significantly to an economic alliance, with Russian fertilizers increasingly finding their place in BRICS nations. S

Indian companies can fill the void left by Western firms exiting Russia. Roscongress Foundation CEO Alexander Stuglev expressed optimism about this potential. India and Russia aim to boost bilateral trade to USD 100 billion by 2030. Sectors like pharmaceuticals, IT, and energy offer significant growth opportunities. Russian e-commerce platforms are being showcased to aid Indian […]

Sberbank, which processes the largest share of India-Russia trade payments, is also looking at channelling rupee surplus of its investors into government securities, said Herman Gref, CEO and chairman of the executive board. The bank is also considering the export of gold to India, having secured a licence to do so. It’s also examining entry […]

Indian pharmaceutical exports are set to reach a new high of $32 billion this fiscal year. This growth is driven by formulations, especially in Europe, Africa, and Latin America. Despite challenges in the US market and global quality checks, the industry shows resilience. Steady demand and normalizing supply chains support this positive outlook.

India and Russia aim to double bilateral trade to $100 billion by 2030, focusing on diversifying exports beyond current levels. Both nations are actively seeking to address the significant trade imbalance, with New Delhi identifying opportunities in consumer goods, automobiles, and electronics. Russia is keen to increase India’s share in its imports, offering support for […]

The visit is crucial as India and the US are working to finalise the first tranche of the BTA amid Washington imposing 50% tariffs on India, of which 25% are penalty for buying Russian energy, effective August 27. So far, five rounds of trade talks have been completed for the BTA.

India welcomed Russia’s approval of 128 seafood processing units for exports, calling it a sign of growing trust. Fisheries Minister Rajiv Ranjan Singh urged Moscow to clear the remaining 32 units and lift temporary suspensions to further boost trade. Expanded access will benefit 30 million fishery-linked livelihoods, diversify exports, and strengthen India’s position as a […]

India is negotiating a trade deal with the Eurasian Economic Union to increase exports of pharmaceuticals, chemicals, and engineering goods. The agreement aims to reduce India’s trade deficit with Russia. Discussions focus on product categories and potential restrictions. This move comes ahead of Russian President Vladimir Putin’s visit. The EAEU market presents significant opportunities for […]