India, Maldives to review implementation of economic, maritime security partnership on Monday

Maldivian Foreign Minister Abdulla Khaleel is in India for a three-day visit to review the India-Maldives comprehensive economic and maritime security partnership with External Affairs Minister S Jaishankar. This visit, his third this year, signifies continued high-level political engagement. Both leaders will assess the progress of the vision document adopted last October, aiming to strengthen […]

Indian companies, including Dixon Technologies and Tata Consumer Products, are experiencing increased demand from US partners due to the US tariff scenario. CEOs anticipate the India-US bilateral trade agreement will further boost business. While some companies face short-term margin pressure, they remain optimistic about growth and demand, particularly in exports to North America.

India’s FTA with the UK offers nuanced duty concessions for the auto sector, linking relaxations and quotas to engine capacity and vehicle prices. Import duties will be reduced over 10-15 years with adequate safeguards for sensitive sectors. The agreement aims to double two-way commerce by 2030, benefiting companies like Tata-JLR.

Commerce and Industry Minister Piyush Goyal met with European Commissioner for Trade Maros Sefcovic in Brussels to advance free trade agreement negotiations, aiming for an early harvest deal by July. Discussions cover key areas like IPR, government procurement, and tariffs.

The US has informed the WTO that it sees no basis for India’s proposal to suspend concessions in response to American tariffs on steel and aluminium, arguing that these tariffs are not safeguard measures. India proposed retaliatory duties on 29 American products, claiming the US measures affect $7.6 billion in imports.

Decathlon plans to significantly increase its sourcing from India, potentially doubling it to 15% of global procurement, following the anticipated India-EU FTA. This shift could revolutionize India’s sporting goods production due to eliminated export duties and a shorter lead time to Europe compared to competitors like Vietnam and Bangladesh. Currently, Decathlon sources ₹4,150 crore worth […]

The commerce and industry ministry has assessed that the utilisation of the preferential route under the Asean-India Trade in Goods Agreement (AITIGA) for the export of many goods, including chemicals and plastics, to Thailand is below 50%. The AITIGA was signed in 2009 and came into effect in 2010.

India has resumed imports of permanent magnets from China after the Directorate General of Foreign Trade (DGFT) began issuing certificates. These certificates assure that the magnets will not be used for defense purposes or re-exported to the United States. The DGFT has issued approximately 30 certificates, one for each consignment, streamlining the process for import.

India has requested BRICS countries to remove export restrictions to promote commerce. Yashvir Singh represented India at the BRICS trade ministers’ meeting in Brazil. India will assume the BRICS Presidency in 2026. India proposed ’30 for 30′ to mark WTO’s 30th anniversary. India has asked developed nations to ensure concessional transfer of Environmentally Sound Technologies.

India’s Financial Intelligence Unit is scrutinizing transactions of 20 export houses suspected of laundering money to and from Pakistan via the UAE. The probe centers on inflated prices and commissions in trades involving items like jewelry, beauty products, and electric goods. Authorities suspect the funds may have links to terror, prompting a thorough investigation into […]