US trade pact set for early finish: Piyush Goyal

India and the US are progressing towards a trade agreement. The target is before fall 2025. Piyush Goyal highlights India’s strong position with existing FTAs with various nations. Discussions are ongoing with the US, EU, Peru, Chile, and Oman for further trade agreements. Goyal notes the world recognizes India’s growing economic strength.

The United States has declined India’s request for consultations at the World Trade Organization regarding American tariffs on automobiles and auto parts. Washington claims the tariffs are based on national security grounds, not safeguard measures. India had sought discussions after the US imposed a 25% tariff. This dispute arises as India and US are negotiating […]

India and the EU concluded five chapters, including intellectual property and trade facilitation, during the 11th round of FTA talks in New Delhi. Discussions also addressed easing certification processes under India’s Quality Control Orders.

The government is developing a single national registry for labs to streamline laboratory testing processes, aiming to reduce transaction costs and delays in cargo clearance for exports. This integrated online platform will digitize trade-related testing, improve regulatory transparency, and provide exporters with easy access to testing labs. India anticipates reaching $900 billion in goods and […]

India and the US engaged in discussions regarding a proposed bilateral trade agreement. Talks covered market access, digital trade, and customs facilitation. Both sides aim for a swift conclusion to the initial agreement. The US delegation visited India for in-depth negotiations. They are working towards a mutually beneficial agreement by fall 2025. The US is […]

Commerce and Industry Minister Piyush Goyal proposed developing a dedicated enclave for Swiss businesses in India to attract investment. He highlighted the government’s commitment by resolving a Swiss company’s land issue in Maharashtra within hours. Goyal invited Swiss companies to invest in industrial parks across India, emphasizing the availability of skilled talent and favorable incentives.

Commerce Minister Piyush Goyal said India and the European Union are close to finalising a free trade agreement, with only a few issues remaining. Talks resumed in 2022 after a nine-year gap. The proposed deal covers 23 policy areas. In 2023-24, bilateral goods trade stood at $137.41 billion, and services trade at $51.45 billion.

India and the United States are in talks for a trade deal, aiming for a June deadline. Swaminathan Aiyar suggests India should stand firm like China. He believes Trump is eager for deals before the 90-day deadline. Howard Lutnick is optimistic about a US-India trade agreement before July. Negotiations are progressing, with the US team […]

India and EFTA’s trade agreement may start in September. Piyush Goyal mentioned this after the agreement was signed on March 10, 2024. India will receive USD 100 billion investment in 15 years. Approvals are in progress. Goyal is in Switzerland to boost trade. Swiss firms are interested in pharma and cybersecurity sectors. There is excitement […]

Finland’s Ambassador Kimmo Lahdevirta is optimistic about finalizing the India-EU trade deal by year-end, highlighting the “historic” EU Commissioners’ visit to India. He inaugurated Finland’s honorary consulate in Ahmedabad, emphasizing the deepening partnership and growing business interest. Several Finnish companies are keen to invest in Gujarat, focusing on sectors like clean energy and sustainable solutions.