India proposes retaliatory duties after EU extends safeguard measures on some steel products

India plans to impose retaliatory duties on EU imports after failing to reach an agreement over the EU’s restrictive safeguard measures on certain steel products under WTO norms. This move follows significant trade losses incurred by India since 2018. The EU’s extension of safeguards and India’s substantial interest in steel exports have intensified the trade […]

India’s fruit exports have surged by 47.5 per cent over the last five years, significantly benefiting from free trade agreements with the UAE and Australia. The government is focused on quality assurance and exploring new markets while developing cold chain infrastructure to boost these exports.

India and the US are in ongoing talks for a trade agreement. These discussions are progressing well and aim to benefit both nations while protecting India’s interests. The two countries hope to double bilateral trade to USD 500 billion by 2030. Reciprocal tariffs and greater market access are key points in these negotiations.

The bilateral trade agreement talks between India and the US are progressing positively, ensuring mutual benefits while safeguarding Indian interests. Commerce and Industry Minister Piyush Goyal assures that despite potential turbulence from reciprocal tariffs, India’s growth story under Prime Minister Narendra Modi will continue to drive the global economy forward.

The government wants to make sure that the beneficiary products are made in the US. The list could cover four to five products, including certain kinds of electronics, chemicals and plastics, besides aircraft, parachutes and cruise ships. India levies duties of 7.5-10% on these items.

India is preparing to respond appropriately to the US’ reciprocal tariffs, expected to be implemented next week. While there is uncertainty surrounding the tariffs, Indian officials and industries are concerned about potential impacts on jobs and seeking swift completion of a bilateral trade agreement to mitigate effects. Talks for the agreement are reportedly progressing well.

Exempting India from US reciprocal tariffs could promote smooth bilateral trade, say exporters. Despite potential tariffs on Indian products, negotiations for a bilateral trade agreement targeting 2025 are ongoing. However, obtaining exemptions might necessitate significant concessions from India beyond the trade sector, making their receipt uncertain.

India and the US are currently engaged in active and intense trade discussions, aiming for a bilateral trade agreement by fall 2025. Following recent talks between Prime Minister Modi and President Trump, the negotiations also include topics like opening up India’s agricultural market and boosting energy relations.

India will not impose restrictions on exporting 1 million metric tons of sugar this season despite lower output estimates. With ample stocks to meet domestic needs and surplus supply, the government sees no reason for export curbs. Mills will produce 26.4 million tons of sugar against a demand of 28 million tons, with adequate carryover […]

India’s exports are expected to grow despite global trade uncertainties, according to Director General of Foreign Trade Santosh Kumar Sarangi. Steps like production linked incentive schemes are boosting domestic manufacturing and order books remain positive, suggesting a healthy growth rate for exports, as emphasized by FIEO Director General Ajay Sahai.