Davos: Swiss firms’ interest in India surges after EFTA trade deal

A wave of Swiss business enthusiasm is sweeping towards India, following the recent Trade and Economic Partnership Agreement with the European Free Trade Association. The number of investment inquiries and advisory support requests has skyrocketed, more than doubling in frequency.

US President Donald Trump expressed confidence in an upcoming India-US Bilateral Trade Agreement, calling Prime Minister Narendra Modi a close friend and respected leader. Both nations are reportedly nearing a deal to significantly boost bilateral trade, aiming to reach $500 billion by 2030.

India’s fertilizer imports are set for a record surge this fiscal year. Officials predict a 76% jump to $18 billion. This increase is fueled by farmers expanding crop areas after heavy rains. Consumption of key fertilizers like urea and DAP is rising significantly. This trend reflects ample monsoon rainfall encouraging winter crop planting across the […]

India and the European Union are on the cusp of a groundbreaking trade agreement, with Spanish Foreign Minister Jose Manuel Albares forecasting its finalization within days. With European Commission President Ursula von der Leyen’s upcoming visit to India next week, the stage is set for crucial negotiations.

India plans to significantly boost textile exports to $100 billion by 2030. The strategy involves increasing shipments to Free Trade Agreement partners and focusing on premium products like handlooms and silk. New districts will be developed to join the export ecosystem. This initiative aims to expand India’s global market share in textiles.

India’s customs duty structure needs simplification. The Global Trade Research Initiative suggests reducing the actual number of duty slabs, not just basic customs duty rates. This reform aims to boost ease of doing business. Current complexities hinder manufacturing and exports. Simplifying tariffs and processes is crucial for economic growth and competitiveness.

The European Union is on the brink of a landmark trade agreement with India, potentially linking a consumer base of two billion individuals. In a bid to strengthen these negotiations, European Commission President Ursula von der Leyen is scheduled to visit India shortly. This strategic move reflects the EU’s goal of broadening its global trade […]

In a move that could redefine trade relationships, India and the European Union are finalising a groundbreaking free trade agreement. EU dignitaries Ursula von der Leyen and Charles Michel are set to be the esteemed Chief Guests at India’s Republic Day celebration.

China has requested the WTO’s dispute settlement body to establish a panel to examine its case against India’s incentive schemes for auto, battery, and electric vehicles. Bilateral consultations failed to resolve the dispute, with China alleging the schemes violate global trade rules by discriminating against its goods.