‘Pact driving up almond and machinery exports from South Australia’

Since the India-Australia Economic Cooperation and Trade Agreement (ECTA), South Australia has seen increased exports of almonds, horticultural products, machinery, and citrus fruits to India. India’s exports to Australia have also risen, with rice exports surging 200%. South Australia aims to further boost wine exports to India, contingent on excise duty reductions, as India is […]

India and Oman have updated their double taxation avoidance agreement, broadening the scope of permanent establishment to include digital and service activities. The revised agreement lowers withholding tax rates on certain payments and introduces a Principal Purpose Test to prevent treaty abuse. These changes aim to boost investment, simplify tax compliance, and enhance information exchange […]

President Donald Trump has hinted at a “very big” trade agreement with India following the United States’ new deal with China. Commerce Minister Piyush Goyal and US Commerce Secretary Howard Lutnick confirmed that both nations are negotiating a fair, balanced framework. Talks have reportedly progressed on mutual terms that could benefit businesses and consumers. While […]

The WTO’s Goods Trade Barometer indicates a strong start to global goods trade in early 2025, driven by importers anticipating tariff hikes. While the barometer rose to 103.5, a decline in new export orders to 97.9 suggests potential weakening in trade growth later in the year. The WTO anticipates stable merchandise trade growth of 2.

Indian trade negotiators are in Washington for talks on an interim trade deal with the US before the July 9 deadline. India aims to protect its interests in agriculture and dairy while seeking concessions for labor-intensive sectors. Discussions will also address the impact of US tariffs on steel, aluminum, and auto imports, as India seeks […]

The Services Export Promotion Council (SEPC) and IAMAI have partnered to boost India’s digital services exports. This collaboration aims to strengthen the global presence of Indian digital businesses by promoting international market access and addressing trade-related policy challenges. Joint working groups will be formed with government bodies to resolve issues faced by digital exporters.

The India-UK FTA introduces “coequal” origin rules, offering flexibility for goods to qualify for reduced tariffs by meeting any origin criteria. This approach, along with digital certificates of origin, aims to improve access and compliance. India anticipates zero duty benefits for 99% of exports to the UK, while the UK will cut tariffs on 90% […]

The UAE-India CEPA Council has launched the UAE–India CEPA Start-up Series in New Delhi, aiming to boost innovation and support Indian start-ups’ global expansion. Bilateral trade has surged since the CEPA, reaching $83.64 billion in FY 2023-24. The initiative will culminate in a pitch event, offering selected start-ups a UAE soft-landing package with incubation, mentorship, […]

India’s trade surplus with the US may decrease due to upcoming bilateral trade agreements. CRISIL reports India’s imports of energy, agriculture, and defense could rise. While the US is India’s top export partner, there’s room to grow exports like smartphones and textiles. Trade deal completion is expected by September.

India and the UK are moving closer to signing a free trade agreement. Legal scrubbing of the text is progressing rapidly. Commerce Secretary Sunil Barthwal is in London to expedite the process. The agreement aims to boost trade between the two nations. It will eliminate taxes on key exports. The deal requires approval from both […]