Sweden eyes big expansion in its trade partnership with India

Sweden hosted ‘Time for Sweden’ in New Delhi. The event highlighted growing India-Sweden ties. Collaboration focuses on trade, investment, and innovation. Swedish firms actively contribute to India’s green transition. Over 280 Swedish companies operate in India. Indian investments in Sweden are also increasing. Both nations collaborate on green hydrogen and technology.

Gautam Singhania, chairman of Raymond Group, has termed US President Trump’s trade policies as a “dangerous game,” predicting hyper-inflation in the US due to rising import costs. He believes the tariffs are a temporary setback for India, advising businesses to seek new markets. Singhania lauded the government’s GST rationalization, expecting it to boost consumption and […]

Following stalled trade talks, PM Modi affirmed India and the US as “natural partners,” signaling a potential thaw in relations. This response followed President Trump’s optimistic remarks about ongoing negotiations to reduce trade barriers, expressing confidence in reaching a successful conclusion and describing Modi as a “very good friend.”

Donald Trump has asked EU officials to impose tariffs on China and India. The aim is to put pressure on Vladimir Putin. China and India buy Russian oil. This helps Russia’s economy during the Ukraine invasion. Trump suggested the US might increase trade with India later. He mentioned working to resolve trade issues.

President Trump indicated ongoing trade negotiations with India, expressing optimism for a successful deal despite past tensions. This shift follows earlier warnings about India’s relationship with China and disagreements over tariffs and Russian oil purchases. The U.S. seeks to address a significant trade deficit, with two-way goods trade totaling $129 billion in 2024.

European Union has approved 102 more marine product units from India. This will help India increase seafood exports to the EU by 20%. The total number of listed Indian marine units now stands at 604. This development occurs as India diversifies its shrimp exports. Shrimp exports have been affected by high tariffs imposed by the […]

Trade negotiations between India and the EU are progressing rapidly, with a potential free trade agreement substantially concluded by the time EU trade and agriculture commissioners visit India. Approximately 60-65% of the chapters are already finalized. However, Goyal criticized the domestic steel industry for prioritizing cheaper imports over supporting local producers, undermining India’s self-reliance efforts.

The government has updated rules for exporting specific animal by-products. This change aligns with European Union standards. Products affected include retail dog and cat food. Also impacted are compounded animal feed and concentrates. The Directorate General of Foreign Trade issued the notification. Exports are now allowed only under particular conditions. This revision aims to meet […]

India and New Zealand convened Foreign Office Consultations in New Delhi, focusing on bolstering bilateral relations across defence, trade, and education. Discussions, led by Neena Malhotra and Grahame Morton, reaffirmed commitment to deepen partnership and continue high-level exchanges. The meeting follows ongoing FTA negotiations and a recent defence cooperation meeting, highlighting the growing economic partnership […]

Piyush Goyal met Bezalel Smotrich to boost trade. They aim for mutual growth. India and Israel signed a Bilateral Investment Treaty. They are negotiating a Free Trade Agreement since 2010. Bilateral trade fell in FY24. India has received FDI from Israel. Israel wants to collaborate on the India-Middle East Europe Economic Corridor. Both nations are […]