India prioritizes energy security for its vast population. The government’s strategy focuses on diversifying energy sources based on market conditions and global dynamics. India maintains open options for crude oil imports from Venezuela and other regions, considering commercial viability. Energy engagement with Venezuela has a long history, with crude purchases resuming in 2023-24 after a […]
Open to import of Venezuelan oil based on viability: MEA
India has backed FORGE, a new critical minerals initiative launched in Washington DC. External Affairs Minister S Jaishankar attended the Critical Minerals Ministerial, a meeting of over 50 nations. Discussions focused on de-risking supply chains and reducing global overreliance on China. India’s support for FORGE signals its commitment to global resource security and strategic partnerships.
Both sides would now work towards completing the technical details and finalising the paperwork for the trade deal so as to expeditiously unlock its potential, Goyal informed Parliament.
India and the Gulf Cooperation Council are set to sign terms for a free trade agreement. This marks a significant step towards a comprehensive trade pact. The agreement aims to boost bilateral trade between India and the GCC bloc. This development follows recent trade deals with the US and EU.
US-India trade deal: India won’t be bullied by Trump and his aides, Ajit Doval told Rubio
1 month ago
India’s national security advisor met with US officials to mend ties after President Trump’s tariffs and criticism. This led to a trade agreement reducing tariffs and boosting US imports, signaling a thaw in relations despite India’s strategic autonomy efforts.
India, Gulf Cooperation Council to ink terms of reference on Feb 5 for starting FTA talks
1 month ago
India and the six-nation Gulf Cooperation Council bloc will sign terms of reference for free trade agreement talks. This marks a resumption of negotiations after earlier rounds in 2006 and 2008. The agreement aims to boost trade between India and countries like Saudi Arabia, UAE, Qatar, Kuwait, Oman, and Bahrain.
Finance Minister Nirmala Sitharaman hailed the reduction in tariffs by the US as a game-changer for Indian exporters. This development is likely to fortify the Indian rupee and entice more international investments, positioning India as a key player on the global economic stage.
India and the US have agreed on a trade deal. External Affairs Minister S Jaishankar met with US Secretary of State Marco Rubio in Washington DC. They discussed strengthening bilateral cooperation on critical minerals exploration and mining. The leaders also emphasized the importance of their democracies working together. Discussions covered trade, energy, defense, and technology.
No levy on US goods, but India’s agriculture shielded: US Trade Representative Jamieson Greer
1 month ago
India and the US are finalizing a trade deal that will see New Delhi eliminate tariffs on American industrial goods, including nuts, wine, and fruits. The US will also reduce tariffs on most Indian products. The agreement addresses technical trade barriers, aiming to open India’s market to more US goods. India is also diversifying its […]
The US and India have inked a pivotal trade agreement with which both nations stand to gain. By slashing reciprocal tariffs on Indian exports, the deal safeguards vital sectors like agriculture and dairy.