India-UK trade pact talks may take more time as certain issues remain unresolved: Sources

Negotiations for the India-UK free trade agreement and other pacts face delays due to unresolved issues like the sunset clause in the BIT, UK’s carbon tax, and data localization. Despite recent high-level meetings and 14 rounds of talks, differences persist, preventing the anticipated closure on April 29.

Angola’s President Lourenco invited Indian businesses to leverage Angola’s strategic location for export strategies, emphasizing opportunities in agriculture, pharmaceuticals, and renewable energy. Bilateral agreements in health, energy, and finance demonstrate a commitment to a mutually beneficial partnership. India is poised to collaborate in energy infrastructure, education, and critical mineral value chains.

According to Ajay Srivastava, the US has successfully framed India’s trade practices as the cause of the US trade deficit, pressuring India to increase purchases of American goods and ease regulations for US companies. Srivastava argues this perception is misleading, as the overall economic balance favors the US when considering arms sales, profits, and educational […]

The United States aims to reshape India’s trade policies. This is part of a proposed agreement. The US seeks tariff cuts and regulatory changes. These changes could benefit American firms. Key areas of focus include agriculture and dairy. The US wants changes to India’s minimum price support programs. They also want easier access for US […]

Deloitte India highlights that India’s liberal FDI policy offers stability and sector-agnostic opportunities, attracting global investors. Key sectors like pharmaceuticals, auto, and tourism are driving growth, supported by 100% FDI allowance in many areas. Increased FDI inflows and trade agreements further strengthen India’s position in global commerce, fostering investment and economic development.

“Direct or indirect import, or transit of all goods originating in or exported from Pakistan, whether or not freely importable or otherwise permitted, shall be prohibited with immediate effect, until further orders,” the Directorate General of Foreign Trade said in a Friday notification. “Any exemption or dispensation from this shall be examined and decided on […]

Pahalgam attack news: Tensions are escalating between India and Pakistan as both nations have imposed maritime restrictions, barring each other’s vessels from accessing their ports. This action follows India’s ban on Pakistani imports and ships in response to the Pahalgam terror attack. Pakistan retaliated, raising concerns about regional stability amid ongoing diplomatic and economic retaliation.

India has banned all direct and indirect imports from Pakistan, effectively halting bilateral trade, following a recent terror attack. This move, though largely symbolic due to existing high tariffs, will reduce India’s already minimal imports from Pakistan to zero. While India’s economy will be negligibly affected, Pakistan relies on Indian goods, potentially leading to increased […]

India and the US are actively negotiating a bilateral trade agreement, with recent consultations involving domestic industries to gather suggestions for mutually beneficial trade enhancements. Both nations aim for an interim trade arrangement in goods by fall, focusing on tariff and non-tariff matters. The US remains India’s largest trading partner, though a widening trade surplus […]

The Commerce Ministry is urging Indian exporters to adhere strictly to US ‘rules of origin’ to prevent transhipment, which could lead to higher duties. The ministry is working to clarify value addition norms for exporters.