India, European Union to give each other Most Favoured Nation status for 5 years in trade deal

India-EU FTA: India and the EU are set to grant each other Most Favoured Nation status, a key provision in trade deal. This agreement, expected to boost bilateral trade significantly by reducing tariffs on most goods, also includes commitments on digital trade and customs cooperation.

India-EU FTA: Among other things, the text allows rejected EU applicant to seek written explanation of reasons for why import license application was rejected and then allows for reapplication.

India and the European Union have concluded negotiations for a free trade agreement. A key feature is an annexure for mediation to resolve disputes. This aims for a mutually agreed solution through an expeditious procedure. The pact is expected to be implemented next year. It will boost trade and create a market of two billion […]

India’s Commerce Minister Piyush Goyal stated the proposed India-US trade deal will be rebalanced if circumstances change. New Delhi will protect its economic interests as US tariff signals evolve. Discussions are ongoing. India remains confident in its export growth despite global trade headwinds. Sensitive sectors like agriculture and dairy are protected in the deal.

Canadian Prime Minister Mark Carney is visiting India to improve relations. He aims to sign a trade agreement and strengthen economic ties. This visit is part of a broader strategy to diversify Canada’s global partnerships. Carney’s foreign policy focuses on reducing reliance on the United States. He is also scheduled to visit Australia and Japan.

Indian exporters need faster and more reliable customs procedures. Revenue Secretary Arvind Shrivastava emphasized this need as India expands its global trade. He stated that customs administration facilitates economic growth and enhances competitiveness. The reforms focus on trust in stakeholders and technology. This shift aims for partnership and cooperation with industry.

India and Israel have deepened their strategic partnership as Prime Ministers Narendra Modi and Benjamin Netanyahu unveiled a slate of new initiatives. The two nations will expand cooperation in defense, trade, innovation, and energy, while also pursuing joint projects in space technology and digital payment systems—signaling a pivotal upgrade in bilateral ties.

Shares of major Indian solar manufacturers such as Waaree Energies, Premier Energies and Vikram Solar fell sharply on the bourses as investors priced in potential export headwinds.

India and the European Union will hold technical discussions on the EU’s Carbon Border Adjustment Mechanism. The mechanism will not have exceptions for any country, including India. This comes despite a new Free Trade Agreement between the two sides. India’s carbon-intensive exports may face additional costs.