External Affairs Minister S Jaishankar expressed optimism about the ongoing trade talks between India and the United States. He highlighted the need for both nations to find common ground. Jaishankar hopes for a successful conclusion to the intricate trade negotiation. He mentioned that reaching an agreement depends on both parties involved in the discussion.
India-US trade talks will have successful conclusion: Jaishankar
US trade talks: Trump makes big tariff statement again, puts ball firmly in India’s court
4 months ago
US President Donald Trump announced that the US and India are nearing a trade deal with reduced tariffs, aiming for fair competition. Negotiations are intensifying before the July 9 deadline to avoid the reinstatement of 26% reciprocal tariffs. India is taking a firm stance on agricultural issues, seeking preferential access for its exports while resisting […]
The commerce ministry plans to revise the Special Economic Zone (SEZ) regulations. This is to revitalize these zones and increase exports. The proposed changes include allowing sales in the domestic market with adjusted duties. It also introduces reverse job work provisions. Rupee payments may be permitted for specific services.
India’s textile sector anticipates significant growth through upcoming FTAs with the US, UK, and EU, according to Minister Pabitra Margherita. Aiming for USD 100 billion in exports by 2030, the sector currently contributes substantially to India’s GDP and industrial output.
India and the US are in crucial trade talks. New Delhi is firm on its stance regarding market access in agriculture. This includes GM crops and dairy. India hopes for a deal before July 9. After July 9, reciprocal tariffs from the US will take effect. India will not compromise the interests of its farmers.
Trump admin calls India ‘strategic ally’ even as trade negotiators race against tariff deadline
4 months ago
US President Donald Trump has agreed to attend the next QUAD Summit in New Delhi after accepting an invite from Prime Minister Narendra Modi. White House Press Secretary Karoline Leavitt called India a “very strategic ally” and underlined Trump’s close ties with Modi. As External Affairs Minister S. Jaishankar visits the US for QUAD talks, […]
Import duty cut on US farm goods under trade pact could undermine India’s food security: GTRI
4 months ago
GTRI cautions India against lowering import duties on US farm goods in the proposed trade agreement, emphasizing potential threats to food security. Cheap, subsidized US grains could flood Indian markets, harming local farmers and destabilizing rural livelihoods. Maintaining tariff flexibility is crucial to protect over 700 million people dependent on agriculture and manage global price […]
The White House indicated a potential trade deal with India is imminent as President Trump assesses tariff strategies. Negotiations face a critical July 9 deadline to avert a 26% tariff on Indian goods. India is holding firm on agricultural concessions, while both nations aim for a broader trade agreement by 2025, targeting $500 billion in […]
India has prolonged quantitative restrictions on low ash metallurgical coke imports from several countries, including Australia and China, until December 31, 2025, allowing 14,27,166 tons for July-December. Simultaneously, the Directorate General of Foreign Trade extended the minimum import price of Rs 20,108 per ton on soda ash until the end of the year, initially imposed […]
India’s trade deficit may surge to $300 bn in FY26 despite lower oil prices: ICICI Bank Report
4 months ago
ICICI Bank projects India’s trade deficit to widen to USD 300 billion in FY26, driven by weak non-oil export performance despite moderate oil prices. Imports are expected to remain strong due to robust domestic growth. Steady service exports and remittances should keep the current account deficit at USD 30 billion, or 0.7% of GDP.