In a major trade agreement with the United States, India is set to abolish its digital services tax, a significant step that could enhance investments in its burgeoning digital industry. The deal also paves the way for reduced tariffs on U.S. industrial and agricultural goods.
India to end digital services tax, cut agri & industrial tariffs: US
India and the United Kingdom have signed a crucial agreement to prevent double social security payments for their citizens on short-term work assignments. This pact, linked to the India-UK Comprehensive Economic and Trade Agreement, will take effect in early 2026. It aims to support professionals and boost bilateral partnerships in the services sector.
In a groundbreaking move, India and the European Union are gearing up to cement a pivotal free trade agreement that stands to link nearly a quarter of the global economy. This union of two major economic powers forms a dynamic market for over two billion individuals.
India’s exports are poised for a record $1,000 billion in 2026-27. New trade agreements with the US and EU are expected to boost orders. Reduced US tariffs on Indian goods offer a competitive edge. Exporters anticipate significant growth in sectors like chemicals, footwear, and marine products. This development signals a promising future for India’s international […]
ET Graphics: 60% of India’s trade to shift to preferential terms after EU, US, GCC deals
4 weeks ago
India is set to conduct over 60% of its trade on preferential terms following recent agreements with the EU, US, and GCC. This strategic move aims to integrate India into global value chains, with exports to these partners showing a significant 8.5% growth, outpacing overall export expansion.
India-US trade deal to make sure only Indian and American products get the benefits, White House says
4 weeks ago
The US and India have agreed on a framework for an interim reciprocal trade deal, aiming for balanced market access and tariff reductions. This arrangement seeks to benefit both nations by expanding trade, aligning economic and national security priorities, and deepening bilateral cooperation.
There’s good news for India as it might see a reduction in penalties for importing Russian crude oil, with refunds applicable for duties collected before a recent US executive order rescinded those fees. Furthermore, the anticipated trade agreement with the US promises to cut tariffs on Indian exports, setting the stage for a comprehensive trade […]
India floats draft Digital Trade Facilitation Bill for e-trade documents’ legal recognition
4 weeks ago
The Indian government is seeking public feedback on the proposed Digital Trade Facilitation Bill, 2026. This legislation aims to give legal standing to electronic trade documents. It will also govern the use and cross-border acceptance of digital identities and trust services. The bill seeks to streamline international trade by ensuring digital documents are recognized globally.
India has agreed to a “very calibrated opening” of markets with the US, safeguarding key interests and sensitivities, according to Commerce and Industry Minister Piyush Goyal. He assured farmers that sensitive agricultural items are fully protected with no concessions given. This framework aims to boost exports, investment, and job creation while fostering a technology-led economic […]
A new US-India framework could finally open India’s doors to Distiller’s Dried Grains with Solubles. This high-protein animal feed byproduct has faced years of scrutiny due to its genetically modified origins. Discussions have been ongoing for years, with regulatory bodies like GEAC examining safety and procedures.