India and the US are in trade talks. Piyush Goyal says India wants a fair deal. The goal is a trade agreement by October-November 2025. American negotiators will visit India in August. India recently signed a trade agreement with the UK. Goyal criticized past trade policies. India is also working on deals with other countries.
Good if US trade pact sealed by August 1, but nation first: Piyush Goyal
India is advised to exercise caution in its trade negotiations with the US, learning from the experiences of Vietnam and Japan. GTRI emphasizes the importance of a jointly issued written statement to avoid misinterpretations of the final agreement terms. A recent discrepancy between President Trump’s claims and Japan’s official summary of a trade deal highlights […]
Prime Minister Modi hailed the India-UK FTA as a historic pact, showcasing global trust in India and boosting the vision of a developed nation. He inaugurated and laid foundation stones for projects worth Rs 4,900 crore in Tamil Nadu, emphasizing the NDA government’s commitment to the state’s growth through infrastructure and energy development.
Commerce and Industry Minister Piyush Goyal hailed the UK trade agreement as a “gold standard” for future pacts, emphasising India’s protection of sensitive sectors like dairy and agriculture. Negotiations with the US are progressing rapidly, with India prioritising labor-intensive exports and safeguarding its interests. Goyal contrasted this approach with previous agreements, highlighting the focus on […]
India reserves right to retaliate if proposed carbon tax hurts domestic exports: Piyush Goyal
3 months ago
Piyush Goyal stated that India will respond if the UK’s future carbon tax harms Indian exports. The UK plans to implement its Carbon Border Adjustment Mechanism in 2027. Goyal assured that any unilateral measure hurting India will face a proportionate response. India raised the issue during trade agreement negotiations.
Commerce and Industry Minister Piyush Goyal affirmed India’s commitment to preventing the “evergreening” of patents, despite having robust intellectual property rights chapters in free trade agreements with the UK and EFTA. Certain multinational firms have requested India to amend these laws, which were strongly opposed.
An Indian firm, Ideal Detonators, defended its $1.4 million shipment of HMX to Russia, stating it complied with Indian regulations and was intended for civilian industrial use. This occurred despite U.S. warnings about sanctions for supporting Russia’s war efforts. The U.S. government considers HMX critical for Russia’s military, though it has limited civilian applications.
ET Graphics: India–UK trade pact set to boost exports from key states with tariff cuts, better UK access
3 months ago
The India–UK Comprehensive Economic and Trade Agreement (CETA) is expected to boost exports from major Indian states by eliminating tariffs and improving market access. Key sectors like textiles, pharmaceuticals, Engineering goods stand to benefit, enhancing trade prospects and driving economic gains across diverse regional economies.
India and the UK have formalized a trade agreement, offering immediate duty-free access to a quarter of UK exports while safeguarding sensitive sectors like dairy and strategic industries. Concessions for other products will be phased in over several years, with specific rules of origin to prevent transshipment.
The India-UK free trade agreement’s public procurement provisions will grant Indian companies non-discriminatory access to the UK market, valued at USD 122 billion. The UK has committed to non-discriminatory treatment for Indian suppliers under its social value regime.