Commerce and Industry Minister Piyush Goyal said India hopes to soon sign a free trade agreement (FTA) with the European Union (EU) to boost trade and investment. Negotiations resumed in June 2022 after an eight-year gap and aim to conclude by December. The FTA covers 23 areas, including goods, services, investment, intellectual property, and sustainable […]
Hopeful to sign trade pact with EU soon: Piyush Goyal
The trade agreement between India and the four-nation EFTA bloc has come into force, securing a $100 billion investment commitment for India over 15 years. India will phase out customs duties on products like Swiss watches and chocolates over a decade.
India and the EFTA bloc have activated their TEPA, establishing a monitoring mechanism for EFTA’s $100 billion investment commitment over 15 years. This significant pact, contingent on India’s GDP growth, allows New Delhi to partially withdraw tariff concessions if investment targets are not met, strengthening the rule of law.
Switzerland seeks a bilateral investment treaty with India. This follows a new trade pact with EFTA nations. The pact includes a 100 billion dollar investment commitment over 15 years. India is negotiating similar treaties with other countries. These agreements protect and promote investments. India aims to improve its investment regime. The country signed two such […]
The government extended the RoDTEP Scheme for exporters. This export support measure was prolonged until March 2026. The scheme refunded taxes and duties to boost export competitiveness. This extension provided relief to exporters facing global challenges. It ensured policy continuity for planning future exports. The move helped sustain momentum in the trade environment.
Commerce Minister Piyush Goyal affirmed India’s commitment to self-reliance, strengthening supply chains to prevent trade weaponization. He positioned India as a top global investment destination, a stable and rapidly growing economy amidst global volatility. With GDP soaring to 7.8% and recent GST reforms simplifying taxes, India aims to boost consumer spending and economic confidence, while […]
India building self-reliance, resilient supply chains to counter weaponisation of trade: Piyush Goyal
5 months ago
Commerce Minister Piyush Goyal announced India’s focus on self-reliance and resilient supply chains to counter trade weaponisation, amidst global disruptions including US tariffs. Andhra Pradesh Chief Minister N Chandrababu Naidu highlighted the state’s efforts to attract investments in technology, steel, and petrochemicals, with plans for a quantum valley and major industrial projects.
The Indo-Mediterranean Corridor is central to global connectivity. Italian and Indian officials discussed its prospects in Rome. This initiative connects trade, security, and diplomacy. The corridor strengthens Middle Eastern stability and enhances Asia-Europe trade. A new India-EFTA trade deal enters force soon. Italy and India deepen cooperation for this project.
India initiates anti-dumping probe into imports of Chinese PET films, kitchen glassware and nylon
5 months ago
India’s Commerce Ministry arm DGTR has begun anti-dumping probes. Investigations target PET films, kitchen glassware, and nylon imports. These probes follow complaints from domestic manufacturers. They allege cheap imports from China and other nations. DGTR will determine if dumping caused injury. The finance ministry makes final decisions on duties. This ensures fair trade practices.
The Directorate General of Trade Remedies (DGTR) has launched anti-dumping investigations on solar encapsulants (excluding EVA) from China, South Korea, Vietnam, and Thailand, following a petition by RenewSys India. Additional probes target mobile covers from China and a rubber chemical intermediate, 4-ADPA, from China and the EU. The investigations cite prima facie evidence of injury […]