India and the European Union will commence their tenth round of negotiations for a proposed free trade agreement in Brussels. Key issues such as agricultural tariffs, auto import duties, and regulatory barriers will be the focus, with hopes to finalize the deal by the end of the year.
India, EU to hold next round of FTA talks from Monday amid Trump tariff threats
Italian Agriculture Minister Francesco Lollobrigida has called for stronger trade ties with India during the ‘Vinitaly’ trade promotion fair in New Delhi. Highlighting a robust relationship between the governments, he emphasized mutual exports and renewing trade relations.
India is assessing its import basket to create a customized lower tariff structure for the US, considering sectors like agriculture and automobiles. Negotiations for a bilateral trade agreement are advancing, with an emphasis on reducing tariffs and deepening supply chain integration. Experts urge caution, particularly regarding agriculture and technology-led manufacturing, to protect sensitive sectors.
Negotiations for an India-US trade deal have begun, with tariff discussions underway. President Trump hinted at significant tariff reductions by India, but Indian officials emphasized that discussions are ongoing and details are yet to be finalized. Both countries aim to strengthen bilateral trade and reduce barriers.
India is seeking to strengthen trade ties with the US by reducing tariff barriers under a bilateral trade agreement amidst President Trump’s announcement of reciprocal tariffs. During Prime Minister Modi’s recent visit, both nations announced plans to negotiate a beneficial multi-sector trade pact.
US Commerce Secretary Howard Lutnick emphasized the need for a major trade agreement between the US and India, stressing that India must reduce tariffs and protections for the US market. He highlighted that India’s agricultural sector needs to open up and suggested a reciprocal policy to enhance bilateral trade, leveraging the strong rapport between Modi […]
India’s forex reserves stood at $638.69 billion by February 28, 2025, experiencing a decrease of $1.7 billion. The Reserve Bank of India intervenes in the market to maintain stable conditions and control excessive volatility without targeting specific levels.
India is aiming to enhance trade relations with the US by reducing trade barriers through a bilateral trade agreement, following President Trump’s announcement of reciprocal tariffs. Prime Minister Modi and US officials plan to negotiate a multi-sector pact to increase market access and deepen supply chain integration. Commerce Minister Goyal is advancing discussions in the […]
India considers lowering import duties on American walnuts, almonds, apples, and cranberries
1 year ago
India may lower or eliminate import duties on American walnuts, almonds, apples, and cranberries to enhance trade relations with the US. Talks are ongoing with negotiators in Washington. India aims for a bilateral trade deal by the end of the year with a target of $500 billion in bilateral trade by 2030.
Indian government and companies are collaborating urgently to mitigate the impact of US President Trump’s tariff threats by potentially reducing tariffs on US imports. Commerce Minister Piyush Goyal leads a delegation in Washington for Bilateral Trade Agreement talks, while sectors like electronics, auto components, and pharmaceuticals explore alternatives to ensure trade continuity with the US.