India-EU FTA: Think tank points out one sector where India must demand reciprocity

India seeks to enhance its export potential in the proposed FTA with the EU by aiming for reciprocal concessions, particularly in the medical devices sector. Current negotiations are imbalanced, with the EU imposing stringent regulatory barriers, making it difficult for Indian exporters to access the EU market.

India and New Zealand have resumed negotiations for a Comprehensive Economic Cooperation Agreement after a decade-long hiatus. The agreement aims to enhance trade in goods, services, and investments, potentially unlocking new business opportunities and improving market access. The discussions will focus on balancing outcomes that benefit both nations.

India and New Zealand resume negotiations for a free trade agreement after efforts stalled in 2015 over issues like dairy and agriculture. The renewed talks aim to boost trade, services, and investment, fostering mutual economic growth. Indian goods exports to New Zealand hit $494.44 million during April-December FY25.

India’s merchandise trade deficit is set to face pressure in fiscal year 2026 due to strong domestic private consumption inflating imports, and potential export declines amid a slowing global and US economy. The resilient service trade surplus will offer some cushion, but heightened risks from US tariffs persist.

In 2024, China and India surpassed global trade norms, driven by developing economies and robust services trade. Despite record expansion, the UN Trade and Development warns of rising protectionism and emerging trade imbalances. As geopolitical tensions and shifting policies threaten stability, balanced policies and global cooperation are crucial for maintaining long-term growth and preventing economic […]

America’s Commerce Secretary, Howard Lutnick, stated that India blocks U.S. farmers’ products and emphasized that President Trump aims to negotiate with countries like India that hinder access to global markets. He praised the UK and Mexico for avoiding retaliation against U.S. tariffs but warned that countries upsetting Trump could face severe responses.

Commerce Minister Piyush Goyal reassured exporters of safeguarding India’s interests in the US Bilateral Trade Agreement. He urged against protectionism, encouraged industry input on export-promotion, and discussed measures to counter Chinese dumping. With plans to surpass $800 billion exports, Goyal highlighted ongoing efforts to finalize beneficial trade agreements and ensure market access for Indian goods […]

India is in talks with the Democratic Republic of Congo (DRC) to sign an agreement securing critical minerals like cobalt and copper. These minerals are vital for India’s energy transition and growing industrial demands. India is looking to secure such supplies from resource-rich countries like Congo, Mongolia, and Zambia. The Indian mines ministry plans to […]

India risks widespread factory shutdowns and job losses due to upcoming quality control orders (QCOs) on steel fastener imports. The QCOs, to be implemented in phases, might lead to critical shortages and customs delays. Small firms may struggle with certification, potentially causing industrial stagnation.

India’s trade deficit likely narrowed to USD 21.5 billion in February from January’s USD 23 billion, driven by a moderation in the Non-Oil-Non-Gold segment. The oil trade deficit decreased due to lower global Brent crude prices and reduced oil imports from Russia. Rising geopolitical risks and tariffs could limit further trade balance recovery.