EU only wants free trade deal with India that gives it ‘real’ market access

European Union member states are pushing for a free trade agreement with India, but only if it provides real access to India’s markets, according to Spanish Deputy Trade Minister Xiana Mendez. The EU wants greater access to Indian markets for its cars, alcoholic drinks, and agri-food products, while India is seeking easier visa access to […]

India has no plans to impose restrictions on imports or investments from Canada, despite the deteriorating diplomatic relations between the two countries. The tensions arose after Canadian Prime Minister Justin Trudeau linked Indian agents to the shooting of a Sikh separatist leader. However, Indian officials have stated that the political uproar will not affect trade […]

The pact will have 26 chapters. Product-specific rules, value addition, change in the chapter heading, and certification are being discussed in the rules of origin chapter, where an in-principle agreement has been reached.

The Bangalore Chamber of Industry and Commerce (BCIC) has signed a memorandum of understanding (MoU) with The Organization for Small & Medium Enterprises and Regional Innovation, Japan (SMRJ). The MoU aims to support enterprises in India and Japan in expanding their businesses globally, exchanging information on trade and investment policies, and providing opportunities for SMEs […]

The Maharashtra government has decided to ban the export of molasses, a raw material used for manufacturing alcohol, in the upcoming sugarcane crushing season. This move is expected to impact the state’s revenue as well as the production of ethanol, which is essential for the country’s ethanol blending program.

India will allow exports of non-basmati white rice to Nepal, Cameroon, Malaysia, Philippines, Seychelles, Ivory Coast and the Republic of Guinea, a government notification showed on Wednesday.

The framework is structured around four pillars relating to trade, supply chains, clean economy, and fair economy (issues like tax and anti-corruption). India has joined the three pillars except the trade part. The member countries are holding negotiations to sign separate agreements on these subjects.

India has extended the restriction on the export of all varieties of sugar beyond October 31. The restriction does not apply to sugar being exported to the EU and the US under specific quotas. India, the second-largest sugar exporter, wants to ensure sufficient availability of sugar for domestic consumption. The country’s sugar production is expected […]

The free trade agreement between India and the United Kingdom is facing further delays due to disagreements, particularly regarding trade in goods and services. India is struggling to differentiate between its wants and needs in the negotiations. The two countries were expected to sign the proposed agreement at the end of this month, but progress […]

Commerce and industry minister, Piyush Goyal, will chair a meeting next week to discuss the closure of three state-owned companies: Metals and Minerals Trading Corporation of India (MMTC), State Trading Corporation (STC), and Project & Equipment Corporation of India. These companies were denotified as nominated agencies for imports and exports of goods. A decision on […]