Vikram Misri advocates for early convening of India-US Strategic Trade Dialogue

Foreign Secretary Vikram Misri met with Under Secretary Jeffrey Kessler to enhance India-US collaboration in critical and emerging technologies. Discussions also included the early convening of the India-US Strategic Trade Dialogue to strengthen bilateral cooperation in technology and trade sectors. This visit follows Prime Minister Modi’s US visit in February, where the India-US COMPACT was […]

The finance ministry expects that a potential India-US trade deal will significantly boost exports and transform economic challenges into opportunities. While highlighting proposed US tariffs as a key vulnerability, the ministry emphasizes the importance of a balanced agreement to stimulate private investment amid global uncertainties.

India and the UK have finalized a free trade agreement. This pact lowers tariffs on British premium cars. A limited quota of vehicles will see tariffs drop to 10%. The agreement also allows 1,800 Indian professionals to work in the UK annually. UK firms can bid on Indian government tenders. The FTA is expected to […]

Commerce Minister Piyush Goyal urged exporters to better utilize free trade agreements and addressed non-tariff barriers in a meeting with export bodies. Discussions covered a centralized exporter portal, trade talks with the EU and US, and strategies to boost service and value-added goods exports. The government has allocated ₹18,233 crore for the RoDTEP scheme, benefiting […]

India anticipates its goods and services exports to hit $1 trillion by fiscal year 2026. This growth is supported by new trade agreements and the resumption of shipments via the Red Sea route. Federation of Indian Export Organisations projects increases in merchandise and service exports. Key sectors driving this growth include electronics, agriculture, and petroleum […]

The government has implemented import restrictions on cabinet hinges priced below Rs 280 per kilogram, aiming to curb inexpensive imports, particularly from countries like China. This measure, announced by the directorate general of foreign trade (DGFT), requires importers to obtain permission for hinges falling below the specified price threshold. Previously, no such restrictions were in […]

The government has eliminated port restrictions on specific leather exports, including finished, wet blue, and El tanned varieties, a decision celebrated by industry exporters. Simultaneously, import restrictions have been imposed on cabinet hinges priced below Rs 280 per kilogram to curb inexpensive imports.

The government has reinstated the RoDTEP scheme benefits for exporters operating under Advance Authorisation, EOUs, and SEZs, effective June 1, 2025. This move aims to enhance the global competitiveness of Indian exporters by refunding taxes and duties not covered by other schemes.

India, US trade: Despite a reported USD 44.4 billion trade deficit, the US actually enjoys a USD 35-40 billion surplus with India when factoring in revenue from education, digital services, and other sectors. This challenges the narrative of India unfairly benefiting from trade. GTRI suggests India should confidently negotiate free trade agreements, pushing back against […]

US officials are expected to visit India for trade talks, aiming to finalize an interim agreement before July 9. India seeks full exemption from the 26% reciprocal tariff. Negotiations are progressing rapidly, with both nations targeting the first phase of a bilateral trade agreement by fall. The US remains India’s largest trading partner, with a […]