Trend line on India-UK FTA very positive, says High Commissioner Doraiswami

On the wider bilateral partnership, Doraiswami expressed similar optimism around an “obvious synergy” across different sectors.

With this, Russia has become India’s second largest import source during the first four months of this fiscal. The imports were USD 10.42 billion during April-July 2022. From a market share of less than 1 per cent in India’s import basket before the start of the Russia-Ukraine conflict, Russia’s share of India’s oil imports rose […]

It asked for upgrading domestic systems, in cases where Indian products are rejected due to quality issues; and retaliating if unreasonable standards or rules continue to obstruct exports from New Delhi. “Many of India’s exports suffer due to time taking prior registration requirements and unreasonable domestic standards/rules in many countries. India must talk to partner […]

There is a “huge” progress in the talks between India and the UK on the proposed Free Trade Agreement (FTA) and New Delhi is looking to resolve the pending issues during high level meetings scheduled this month between the two countries, a top official said on Monday. The 12th round of talks between the countries […]

India is considering Free Trade Agreements (FTAs) to ensure the smooth supply of critical minerals. Commerce Secretary Sunil Barthwal stated that India is negotiating with Australia for critical mineral supplies for batteries used in electric vehicles.

Outlining the progress India has made in free trade agreements, Barthwal pointed out that a lot of countries were approaching India to sign FTAs, and the country would also consider its strategic needs before signing these agreements.

Higher imports by India, the world’s biggest buyer of vegetable oils, would help top producers Malaysia and Indonesia bring down stocks and support Malaysian prices.

There is no proposal at present to impose import restrictions on more electronic goods. The government decided to impose import curbs on laptops, personal computers and certain more electronic devices from November 1 on security grounds to reduce imports from nations like China and boost domestic manufacturing.

India received nearly 700 applications from bidders with which it shares land borders for public procurement contracts as of June 30, with 110 pending for review by various ministries. In 2020, India amended public procurement norms to allow any eligible bidder from a border-sharing country to participate in procurement only if they are registered with […]

The portal for which European Union has raised data privacy concerns has details of MSMEs of every G20 member including the sectors and products they deal with. Some G20 members have also had apprehensions with the digitisation goal, which involves transparency provisions.