The Duty-Free Import Authorization (DFIA) scheme, intended to lower exporter costs, is reportedly being exploited, becoming a “license to loot” due to unclear policies and weak enforcement. GTRI urges immediate government intervention, advocating for a forensic audit of past licenses and duty recovery to restore faith in India’s export incentives and prevent honest exporters from […]
Some companies misuse duty-free import scheme: GTRI calls it ‘licence to loot’
President Trump hinted the US might forgo secondary tariffs on nations, including India, still buying Russian oil, despite concerns such tariffs could severely impact them. He acknowledged India’s reduced oil purchases from Russia, while noting China’s continued significant intake. Treasury Secretary Bessent previously suggested secondary sanctions were possible if the Trump-Putin summit yielded unfavourable results.
The upcoming round of India-US trade agreement talks has been postponed amidst escalating trade tensions. The US has imposed tariffs on Indian goods, including a penalty for trade with Russia. India is hesitant to grant greater market access in agriculture, while states express concerns about the potential impact on their farmers and economies.
US negotiators postpone 25 August Delhi visit, trade talks with India stall ahead of sixth round
3 months ago
The United States has reportedly called off its negotiators’ visit to New Delhi, originally scheduled for 25–30 August, for the sixth round of bilateral trade talks. The decision comes amid growing trade frictions and ahead of a fresh 25% tariff on Indian goods linked to Russian oil imports. India says it cannot stop buying Russian […]
Economist Jeffrey Sachs criticizes US President Trump’s protectionist trade policies, particularly the imposition of 50% tariffs on Indian goods, deeming him an unreliable trade partner. Sachs advises India to maintain an independent foreign policy, strengthening ties with nations like China, Russia, and Brazil. He also highlights the legal challenges to Trump’s tariffs, suggesting they may […]
“Our electronics exports have seen a surge of over 47% in Q1 of 2025-26 over the same quarter in 2024-25. It is a sweet success story for ‘Make In India’, which has led to an exponential growth in our electronics production from $31 Bn to $133 Bn in a decade beginning 2014-15,” the minister wrote […]
Next round of India-Asean goods pact review in Oct
3 months ago
India and Asean will hold the next round of AITIGA review talks in Jakarta on October 6-7, aiming to enhance the agreement’s effectiveness and trade facilitation. Bilateral trade reached $123 billion in FY25, highlighting strong economic ties. India and Singapore also reviewed semiconductor collaboration and explored partnerships in skills development, with Singapore being India’s largest […]
India faces a challenging trade situation following the US imposing steep tariffs on its goods, according to GTRI. The nation is weighing options like negotiation, retaliation, diversifying export markets, or offering trade concessions such as ending Russian oil imports.
India and ASEAN will continue free trade agreement review talks in Jakarta in October 2025, aiming to enhance the AITIGA’s effectiveness. Bilateral trade reached USD 123 billion in 2024-25, highlighting strong economic ties. Separately, India and Singapore discussed trade and investment, focusing on priority sectors and supply chains, with Singapore being India’s largest ASEAN trading […]
India and ASEAN will hold the next AITIGA review talks in Jakarta this October, following discussions in New Delhi focused on enhancing the agreement’s effectiveness. Bilateral trade reached $123 billion in FY25, highlighting strong economic ties. India and Singapore also reviewed semiconductor collaboration and explored partnerships in trade digitalization and skills development, with Singapore being […]