EAM Jaishankar flags concerns over weaponisation of economic activities

External Affairs Minister S Jaishankar highlighted growing global economic and political unpredictability, including the weaponization of economic activities, at the India-Italy Business, Science and Technology Forum. He emphasized India’s collaboration with like-minded partners to forge resilient partnerships addressing economic and strategic priorities. Jaishankar cited fragile supply chains, geopolitical competition, and the impact of digitalization as […]

India is eager to finalize trade agreements with the US, EU, and UK, showing a sense of urgency in negotiations. External Affairs Minister Jaishankar noted the US’s changed global engagement approach under President Trump, impacting technology. He also highlighted China’s advancements and their influence on global trade and technology, creating a significant shift in the […]

The United States is evaluating tariff agreement offers from 15 countries, with potential deals on the horizon, according to White House economic advisor Kevin Hassett. Following recent market volatility and a reversal on tariffs by President Trump, trade officials are prioritizing key nations to finalize agreements swiftly. Significant progress on trade deals is anticipated within […]

India has proposed unlimited electric vehicle imports priced above GBP 80,000 from the UK to facilitate a free trade agreement. This is in exchange for a larger export quota of smaller EVs priced below GBP 40,000 from India to the UK. The proposal aims to benefit automakers in both countries and potentially influence trade discussions […]

Both Ministers acknowledged the historical, social, cultural and economic ties between India and UK and exchanged thoughts on the current global and geopolitical situation and also agreed to leverage the existing economic relationship through collaboration and cooperation as a shared priority.

The US has temporarily suspended additional tariffs on India for 90 days, until July 9, 2025, offering relief to Indian exporters. This decision provides a window for advancing bilateral trade agreement talks between India and the US. While a 10% baseline tariff remains, exporters are optimistic that diplomatic engagement will mitigate the impact.

India’s commerce ministry is identifying export opportunities arising from the US-China trade war. A 90-day pause in reciprocal tariffs gives Indian exporters time to share added costs with buyers. With the US imposing steep tariffs on China, Indian sectors like textiles, footwear, and food see potential to gain market share. However, Chinese competition in non-US […]

India and Russia have agreed on six new strategic projects to boost bilateral investment during the 8th India-Russia Working Group session in New Delhi. Officials reaffirmed economic cooperation and reviewed past outcomes. Over 80 firms joined the India-Russia Investment Forum, highlighting strong business interest. Both sides committed to deepening their long-standing “Special and Privileged Strategic […]

The UK and India have agreed on the majority of their free trade agreement, covering critical sectors and easing visa tensions. With only a handful of issues left unresolved—such as tariffs on whisky, cars, and pharmaceuticals—both governments are optimistic. Talks also include a parallel investment treaty aimed at safeguarding financial services. Officials say political-level discussions […]

At a meeting with exporters and industry, Piyush Goyal said that the team working on the Bilateral Trade Agreement (BTA) with the US is exploring the right mix and the right balance, and is “working with speed but not in undue haste” to ensure the right outcome for the country.