India and the European Union are set to hold the next round of free trade agreement talks from March 10 to 14, while India’s Commerce and Industry Minister will meet with the UK’s Minister of State for Trade Policy on February 24, followed by India-UK FTA talks restarting on February 25.
India, EU to hold next round of talks on proposed FTA from March 10
Qatar Emir Sheikh Tamim Bin Hamad Al-Thani’s visit to India may lead to significant investments from Qatari sovereign fund and increased LNG purchases. India may explore a trade deal with Qatar. Notably, QatarEnergy signed a long-term LNG supply deal with Petronet LNG, and Qatar Investment Authority made substantial investments in Indian firms, including Reliance Retail […]
India’s exports to the US increased by 39% year-on-year to USD 8.44 billion in January, while imports rose by 33.46% to USD 3.57 billion. The US remained India’s largest trading partner during April-January, with significant trade surplus and bilateral trade reaching USD 119.71 billion in 2023-24.
India and Qatar will discuss boosting bilateral trade and investments, with Commerce Minister Piyush Goyal and his Qatari counterpart Sheikh Faisal bin Thani bin Faisal Al Thani leading the talks at a Joint Business Forum on February 18. The discussions aim to explore joint ventures, FDI, and technology partnerships.
India aims to expand bilateral trade with the US to USD 500 billion by 2030. Focus areas include technology, defence, and green energy. Currently, India’s trade surplus with the US stands to benefit significantly. A trade agreement by 2025 is on the horizon, promising more investment opportunities and stronger global value chain integration.
US-India ties growing, welcome decision to extradite Rana, say ex-diplomats on PM’s visit
1 year ago
Prime Minister Modi’s visit to the US was termed a big success, strengthening ties between the two countries. Key outcomes include discussions with President Trump, plans for military cooperation and technology partnerships, and the extradition of Mumbai terror attack accused Tahawwur Rana to India. An ambitious trade target of USD 500 billion by 2030 was […]
The impact of the U.S.’ proposed reciprocal tariffs on India depends on implementation details. Sector-specific tariffs on Indian labor-intensive exports like textiles and footwear could harm India, while product-specific tariffs may not. Experts suggest that India might need to negotiate tariff reductions or anticipate retaliatory measures, although clarity on the policy remains pending.
Prime Minister Narendra Modi and US President Donald Trump aim to finalise a bilateral trade agreement by 2025. The deal focuses on reducing import duties, removing non-tariff barriers, and increasing trade in oil, gas, and defence equipment. Both leaders plan to enhance trade in agricultural goods, industrial goods, and labour-intensive manufactured products.
India and the United States aim to finalize the first phase of a Bilateral Trade Agreement by fall, focusing on increased market access and reducing trade barriers. This agreement, part of ‘Mission 500’, seeks to double bilateral trade to $500 billion annually by 2030 while enhancing supply chain integration and investment opportunities.
India plans to boost its purchase of US energy by two-thirds to $25 billion soon, following discussions between PM Modi and President Trump. Currently, the US is the fifth-largest crude exporter to India. To achieve this increase, US oil and gas must be competitively priced to offset higher freight costs compared to other suppliers.