India needs to be careful after US-Vietnam deal: Experts

India must exercise caution in trade negotiations with the US, considering the terms of the US-Vietnam trade deal. The new pact imposes a flat 20% tariff and a 40% tariff on transshipped goods from Vietnam, deviating from previous agreements. Experts warn that these transshipment tariffs could impact India’s pharmaceutical and electronics exports, where import components […]

The United States considers India a vital partner in the Indo-Pacific. Both nations are engaged in discussions for a bilateral trade agreement. The US aims for fair and reciprocal trade relations. Talks are ongoing, with a deadline approaching soon. Donald Trump anticipates a trade deal with reduced tariffs. India is taking a firm stance on […]

India and the US are engaged in intense negotiations to finalise a trade deal before July 9, addressing politically sensitive issues like market access for genetically modified (GM) crops. A proposed ‘self-certification’ mechanism for US exporters aims to ease concerns about GM-free status.

India and the US are in talks for a social security agreement. This could be part of a larger trade deal. Such agreements may become standard in future trade negotiations. Labour Ministry sources confirm this move. A recent meeting discussed the matter. India aims to include these agreements in all FTAs. This benefits Indian professionals […]

India and the UK have finalized a free trade agreement that includes a social security pact, ensuring employees on foreign assignments avoid double social security contributions. This agreement, a reciprocal arrangement, allows employees to get full pension benefits while employers are spared from making double payments. India plans to include such social security agreements in […]

The U.S. and India are close to a trade deal involving lowered tariffs on American imports, potentially averting increased levies. Negotiations are ongoing to address disagreements on import duties for auto components, steel, and farm goods. While challenges remain, both sides express hope for a successful conclusion, acknowledging the need for compromise to reach an […]

External Affairs Minister S Jaishankar expressed optimism about the ongoing trade talks between India and the United States. He highlighted the need for both nations to find common ground. Jaishankar hopes for a successful conclusion to the intricate trade negotiation. He mentioned that reaching an agreement depends on both parties involved in the discussion.

US President Donald Trump announced that the US and India are nearing a trade deal with reduced tariffs, aiming for fair competition. Negotiations are intensifying before the July 9 deadline to avoid the reinstatement of 26% reciprocal tariffs. India is taking a firm stance on agricultural issues, seeking preferential access for its exports while resisting […]

The commerce ministry plans to revise the Special Economic Zone (SEZ) regulations. This is to revitalize these zones and increase exports. The proposed changes include allowing sales in the domestic market with adjusted duties. It also introduces reverse job work provisions. Rupee payments may be permitted for specific services.

India’s textile sector anticipates significant growth through upcoming FTAs with the US, UK, and EU, according to Minister Pabitra Margherita. Aiming for USD 100 billion in exports by 2030, the sector currently contributes substantially to India’s GDP and industrial output.