India raises concerns over mobility, non-tariff barriers faced by Indian exporters in EU

India has voiced concerns to Germany regarding migration, visa processes, and non-tariff barriers impacting Indian exporters in the EU. Both nations have committed to collaborative efforts aimed at resolving these issues and fostering smoother trade relations. The ministers also discussed doubling bilateral trade in goods and expanding trade in services.

Commerce Minister Piyush Goyal has assured exporters of government support in navigating steep US tariffs. He urged them to enhance product quality, diversify supply chains, and explore new markets. The government is committed to creating a supportive ecosystem through various initiatives and policy interventions. India’s exports rebounded in July, with a significant increase in trade […]

Piyush Goyal anticipates concluding a trade agreement with the US by November. Trade talks with the European Union are progressing well. Relations with China are improving as border tensions decrease. India has already finalized trade agreements with Mauritius, Australia, EFTA, the UK, and the UAE. India aims to be self-reliant by ensuring resilient supply chains.

India is accelerating its efforts to diversify export markets amid trade tensions with the US, actively pursuing new trade agreements with the Eurasian Economic Union (EAEU), the European Union (EU), and the South African Customs Union (SACU).

The Ministry of Consumer Affairs has urged the Commerce Ministry to restrict duty-free yellow pea imports, as they are undercutting domestic pulse prices. This move follows concerns raised by the agriculture minister and industry bodies about the impact on local farmers and pulse production.

Russian crude oil shipments saw a rebound. This happened as China increased its intake. It compensated for reduced exports to India. This reduction followed US President Trump’s tariffs. These tariffs were imposed on India. They impacted Moscow’s crude flow to India. Overall weekly crude shipments from Russian ports jumped. Ukrainian attacks on Russian refineries potentially […]

The government has extended the export obligation period for chemical imports. This extension, under the advance authorisation scheme, moves from six to eighteen months. The Ministry of Chemicals and Fertilisers says this will help exporters. It simplifies trade and boosts the global market position of Indian goods.

Carpet traders in Bhadohi faced significant challenges due to US tariffs. The Carpet Export Promotion Council reported a major business decline. Sixty percent of Bhadohi’s carpet exports went to America. Factories reduced staff due to halted production. The council urged government intervention to alleviate the financial burden. Alternatives to the US market are being explored.

Confederation of Indian Industry president Rajiv Memani believes that GST reductions, reforms, and lower interest rates can counterbalance the impact of the 50% US tariffs on India. He highlights the government’s positive response and the opportunity for further reforms to enhance competitiveness.

India and the UAE recently engaged in discussions. They focused on strengthening ties in renewable energy and digital infrastructure. Both nations want better trade data sharing. This will improve monitoring under their trade agreement. They also reviewed progress under the India-UAE CEPA. The aim is to reach $100 billion in non-oil trade by 2030.