India always ready to conclude trade pact with low hanging fruits: Piyush Goyal on US trade deal

India is keen to finalize a trade agreement with the US by initially focusing on easily achievable aspects, according to Commerce Minister Piyush Goyal. Discussions are underway in New Delhi, with hopes of an interim deal before July 9. Both nations aim to significantly increase bilateral trade to USD 500 billion by 2030, building on […]

India’s trade pact with the European Free Trade Association (EFTA)—comprising Switzerland, Norway, Iceland, and Liechtenstein—will take effect by September, Commerce Minister Piyush Goyal said. The deal includes a $100 billion investment commitment over 15 years.

Piyush Goyal will visit Switzerland and Sweden this week. He will meet business leaders to discuss trade and investments. The visit aims to strengthen bilateral economic ties. Discussions will cover sectors like pharma, engineering, and high-tech manufacturing. Goyal will also explore opportunities from the India-EFTA agreement. In Sweden, he will co-chair a joint commission.

US and India are in trade talks. A US trade team is in India for negotiations. The team has extended its stay, signaling progress. Both countries aim for an early agreement by July. Reciprocal tariffs are facing legal challenges. Piyush Goyal met Howard Lutnick in May. Lutnick is optimistic about a trade deal soon. India […]

India has implemented anti-dumping duties on insoluble sulphur imports from China and Japan, alongside vitamin-A palmitate from China, the EU, and Switzerland. This action follows a DGTR recommendation to protect domestic industries from unfairly priced imports. The imposed duties, effective immediately, will remain in place for five years, aiming to counter the harm caused by […]

Union Minister Piyush Goyal and UK Foreign Secretary David Lammy convened to enhance bilateral trade and fortify collaboration across sectors, aiming to fully realize their Comprehensive Strategic Partnership. Both leaders lauded the progress in finalizing the historic India-UK FTA, anticipating a significant boost to their growing relationship.

The Indian government is placing anti-dumping duties on Vitamin-A Palmitate from China, Japan, Switzerland, and the EU. Duties are also imposed on Insoluble Sulphur from China and Japan. This action protects local manufacturers from low-priced imports. The duties are effective for five years. Investigations revealed unfair pricing practices.

Odisha has expanded its agricultural exports by adding France and Belgium to its mango export destinations. This success builds upon existing markets like Dubai and London, with exports nearing 100 MT since May 2024. Farmers are benefiting from 40-60% higher prices due to direct export access and improved quality, solidifying Odisha’s position as a growing […]

India and the US are currently engaged in negotiations for a bilateral trade agreement (BTA), aiming for a swift and mutually advantageous initial phase. Discussions focus on enhancing market access by lowering tariffs and trade barriers, alongside strengthening supply chain integration.

India and Italy are set to boost collaboration in key sectors like aerospace, energy transition, and agriculture, as announced by the government. Both nations aim to establish joint working groups in the automobile and space industries, while also exploring opportunities in sustainable agriculture and renewable energy. Furthermore, they intend to facilitate the movement of skilled […]