EU, US trade pacts progressing, says Piyush Goyal

India’s trade talks with the European Union and the United States are moving forward. Commerce Minister Piyush Goyal expressed confidence in early agreements. A US team is currently in New Delhi for discussions. Negotiations with Chile and Oman are also nearing completion. India is also pursuing trade pacts with Qatar and Israel.

US Under Secretary Allison Hooker met with Indian Foreign Secretary Vikram Misri to advance the vision set by Presidents Trump and Modi. Discussions focused on tangible progress in defense, energy, technology, space, and supply chain resilience, aiming to boost US security and jobs while supporting India’s growth.

India and the EU held intensive discussions last week to expedite the conclusion of their long-pending free trade agreement. Both sides noted steady progress across various negotiating tracks and agreed to maintain momentum through continued exchanges. Ministerial talks reaffirmed strong political resolve to address pending issues constructively for a mutually advantageous outcome.

US President Donald Trump has warned India about “dumping” rice into the American market. He suggested that tariffs could be imposed on Indian rice imports. This statement comes as US trade negotiators prepare for talks in India. Indian exporters believe new tariffs will have minimal impact on their trade.

India and the European Union are set to speed up talks for a free trade deal. Commerce Minister Piyush Goyal and EU Commissioner Maros Sefcovic met to push for an early agreement. Both sides noted good progress in technical discussions. They are committed to resolving pending issues constructively. The aim is a comprehensive and beneficial […]

India is actively addressing the impact of US tariffs on its exports. The government is pursuing a comprehensive strategy. This includes engaging with the US for a beneficial trade agreement. Measures are also in place for immediate relief and to boost trade diversification. Negotiations for FTAs with other nations are ongoing.

President Trump indicated potential new tariffs on Indian rice, citing “dumping” concerns and aiming to support US farmers. This move, alongside possible tariffs on Canadian fertilizer, signals ongoing trade tensions with key partners as the US administration seeks to address agricultural sector complaints ahead of midterm elections.

Deputy U.S. Trade Representative Rick Switzer will visit India on December 10-11, the Indian foreign ministry spokesperson said on Monday, as New Delhi looks to reduce punitive tariffs imposed on its goods by Washington for its purchase of Russian oil.

The event was organized by Konrad Adaneur Stiftung, a German political foundation which has been engaged in pursuing healthy trade policy issues and equity across the world since long.

Industry executives attributed the rebound to greater imports of high-value parts and a weaker rupee, even as the government’s Make in India campaign has so far failed to reduce imports by value for most of the companies since 2018-19, the filings revealed. The sole exception was in FY24 with a 6% decline in the consolidated […]