India engaged with Mexico over ‘unilateral’ tariff hike

India is actively engaging with Mexico to find mutually beneficial solutions regarding Mexico’s unilateral tariff hikes on certain products. While New Delhi seeks to protect its exporters’ interests, both nations are also working towards finalizing terms for a free trade agreement to stabilize trade relations.

A range of issues relating to bilateral ties were discussed during two-day visit to Beijing of Sujit Ghosh, the joint secretary in the East Asia division at the Ministry of External Affairs (MEA).

India and France are nearing a revised tax treaty that will reduce dividend taxes for French parent companies holding over 10% stakes to 5%, while increasing it to 15% for minority shareholders. The agreement also proposes allowing India to tax share sales by any French entity, shifting to a source-based capital gains framework.

India’s apparel sector anticipates a significant boost from the India-EU Free Trade Agreement. Negotiations are progressing positively, aiming to reduce import duties on Indian garments in the European Union. This move is projected to increase exports by 20-25% in the coming years. The agreement will foster stable investment and strengthen India’s position in premium European […]

India and Oman are set to sign a free trade agreement. The pact will be signed during Prime Minister Narendra Modi’s visit to Oman from December 17-18. This Comprehensive Economic Partnership Agreement aims to boost trade and investment between the two nations. Oman is a significant export market for India in the Gulf region.

India’s ability to use compulsory licensing remains unrestricted by the India-UK free trade agreement. This vital tool for accessing life-saving technologies during emergencies is fully preserved. The agreement also grants Indian companies guaranteed access to the UK’s public procurement market, valued at over 90 billion pounds annually. Negotiations for FTAs with the European Union and […]

India’s Commerce Minister Piyush Goyal indicated the US should sign a trade agreement if satisfied with New Delhi’s offer, following positive remarks from US trade officials. Meanwhile, Italy’s Deputy Prime Minister expressed optimism for an India-EU Free Trade Agreement within six months, though India’s minister declined to provide a specific timeline for the deal.

Prime Minister Narendra Modi and US President Donald Trump held a “warm and engaging” conversation, reviewing bilateral relations and discussing cooperation in critical technologies, energy, defense, and security. The leaders also touched upon ongoing trade negotiations, with both sides indicating progress in the talks.

India is enthusiastically enhancing its relationship with the European Union, with negotiations for a free trade agreement moving forward. The Republic Day celebrations are set to welcome EU leaders as prominent guests. Recently, India had the honor of hosting EU trade commissioner Maros Sefcovic and Italy’s deputy prime minister Antonio Tajani, showcasing a commitment to […]

Mexico is implementing significant tariff increases on imports from countries without free trade agreements, including India, China, and Vietnam, aiming to protect domestic industries and boost revenue. This move, potentially influenced by US trade pressures, could impact Indian auto exports and reshape global supply chains.