Export outreach widened to 50 countries to negate US tariff hit

India broadens its export focus to fifty nations, including those in West Asia and Africa. This move aims to lessen dependence on one market. It also seeks to cushion against trade disruptions amid high US tariffs. The government is devising strategies to protect exports from these tariffs. They are also exploring alternative markets and domestic […]

Indian officials have briefed a parliamentary panel on the challenging phase in Indo-US trade relations, emphasizing India’s commitment to constructive dialogue while acknowledging certain non-negotiable red lines. Despite trade tensions, positive aspects of the relationship were highlighted, including US support on extradition and counter-terrorism efforts.

India asserts its stance on trade talks with the US. Government prioritizes national interest amid tariff concerns. Focus shifts to export diversification and leveraging existing trade agreements. India plans to address Pakistan’s nuclear threat made from US soil with the US. The US has not conveyed any change in schedule for the next round of […]

Amid strained relations, India has expanded its ban on jute product imports from Bangladesh via land routes, now including woven fabrics, twine, and sacks. This restriction, following earlier curbs in June, allows imports only through Nhava Sheva Seaport. These measures, alongside previous restrictions on garments and transhipment, reflect growing tensions and concerns over trade imbalances […]

Maharashtra Fisheries Minister Nitesh Rane views increased US tariffs on Indian shrimp as an opportunity to boost the domestic seafood market. He urged stakeholders not to worry excessively, highlighting Europe and Vietnam as alternative export destinations. Rane emphasized prioritizing the Indian market to support local farmers and fishermen, aligning with the Aatmanirbhar Bharat policy.

A meeting between Donald Trump and Vladimir Putin in Alaska has sparked optimism in New Delhi. India anticipates a potential agreement leading to reduced tensions and the removal of sanctions on Moscow. This could ease transactions between India and Russia. It may also lead to the elimination of the 25% tariff imposed on India’s imports […]

India and Oman have concluded negotiations for a comprehensive trade deal, initiated in 2023, as confirmed by Minister Jitin Prasada. This agreement builds upon the longstanding strategic partnership between the two nations, fostering trade and investment. In the past five years, India has actively strengthened its trade ties by signing five major FTAs and is […]

The Seafood Export Association of India is seeking emergency financial support due to increased US tariffs on shrimp exports, potentially disrupting USD 2 billion worth of trade. These tariffs, escalated by President Trump, make Indian seafood less competitive compared to China, Vietnam, and Thailand.

India’s Ambassador Vinay Mohan Kwatra discussed energy security with US Senator Lindsey Graham, highlighting growing energy trade. This followed Graham’s call for India to use its influence with Russia to help end the Ukraine war, amidst rising trade tensions after the US imposed tariffs on Indian imports due to continued Russian oil purchases.

India and Oman are poised to finalize a free trade agreement soon, with the text currently being translated into Arabic for Omani cabinet approval. Both nations intend to jointly announce the conclusion and signing of the Comprehensive Economic Partnership Agreement (CEPA), potentially in less than two to three months. Bilateral trade between the countries exceeded […]