India has blocked China’s request at the World Trade Organization (WTO) for a dispute panel concerning New Delhi’s incentive schemes for auto, battery, and electric vehicles. Beijing claims these measures are trade-restrictive and discriminatory, but India maintains there’s an inaccurate understanding of the facts. The two nations failed to resolve the dispute through bilateral consultations.
India blocks China’s WTO request for dispute panel on auto, EV incentive schemes
ET Graphics: Decoding the ‘Mother of all deals’
1 month ago
After 18 years of negotiations, India and the EU have concluded their free trade agreement, marking India’s largest FTA to date. This pact offers India preferential access to all 27 EU member states, arriving amidst global trade volatility and efforts to diversify away from China.
India’s free trade agreement with the EU is poised to boost market access for services and digital trade, enhancing skilled worker mobility. Experts anticipate increased European investment in India’s IT sector, fostering joint ventures and R&D in emerging technologies. The pact aims to facilitate seamless cross-border data flows, reducing regulatory friction for businesses.
India and the European Union have concluded talks for a free trade agreement. This pact, the ‘mother of all deals’, marks 18 years of discussions. Legal review is underway, with signing expected later this year and implementation early next year. The agreement aims to boost trade and investment between the two major economic blocs.
India and Russia are on track to reach $100 billion in bilateral trade by 2030, with Ambassador Vinay Kumar expressing confidence in achieving this goal. The nations are expanding their trade basket, identifying new items, and exploring a free trade agreement to boost commerce, particularly in fertilizers, agriculture, and engineering. Increased trade in national currencies […]
European Commission President Ursula von der Leyen has placed India at the centre of Europe’s trade strategy, urging closure of the long-pending India-EU free trade agreement. The deal could boost economic ties, reflect India’s strategic confidence, and alter global trade dynamics.
India is set to significantly reduce import duties on cars from the European Union. Tariffs will drop to 40% from as high as 110%. This move is part of a major free trade agreement expected soon. European automakers like Volkswagen and BMW will see easier market access. This pact aims to boost bilateral trade and […]
Canada is pursuing a strategy to boost trade beyond the United States. Foreign Minister Anita Anand stated the nation will not be deterred by recent threats from the Trump administration. Canada aims to double its non-US exports within ten years. This diversification includes forging new trade relationships with countries like India.
India and the European Union are on the verge of sealing a landmark free trade agreement, with both parties displaying a positive outlook on its potential benefits. This pivotal deal, culminating nearly two decades of discussions, promises to strengthen economic connections and reduce expenses for businesses and consumers alike.
India’s auto component sector anticipates accelerated technology transfers, joint ventures, and exports with the proposed EU free trade agreement. This pact is poised to boost electric vehicle and auto parts shipments, lower import costs, and integrate Indian suppliers deeper into European value chains, positioning India as a key partner.