India and US edge closer to mini trade deal: Key sectors excluded

India and the US are on the verge of finalizing a mini trade deal, potentially excluding sensitive sectors like dairy and agriculture. The agreement, expected to be announced soon, will initially focus on trade in goods.

India is in talks for investment treaties with nations like Saudi Arabia and Russia. These treaties aim to protect and boost investments. Deals with some countries may finalize soon. The government wants to revamp investment treaties to attract foreign investors. India implemented treaties with UAE and Uzbekistan last year. The goal is to balance investor […]

India and the United States may finalize a mini trade deal in the next 48 hours. CNBC-TV18 reports that discussions are complete. Negotiations for a larger deal will commence after July 9. The mini trade deal is expected to have average tariffs of 10%. Sources familiar with the matter provided this information. Further details are […]

Indian industry is prepared for any outcome regarding the proposed bilateral trade agreement with the United States, Confederation of Indian Industry (CII)said on Wednesday, emphasizing that the country’s business sector will not pursue deals that compromise national interests.

India has reserved its rights to impose retaliatory duties on the US concerning tariffs on auto parts, a procedural move under WTO safeguards. This action won’t impede ongoing negotiations for the proposed India-US trade pact, aiming to significantly increase bilateral trade.

Commerce and Industry Minister Piyush Goyal anticipates record exports for India, driven by FTAs and investments, projecting over $870 billion despite global challenges. The government is reviewing existing trade agreements, particularly with ASEAN and Japan, while cautiously approaching trade relations with China. Focus remains on value-added exports and strengthening domestic industries through initiatives like Make […]

Despite heightened tensions and border closures, trade between Pakistan and India persisted in May, primarily through indirect channels. Imports from India reached a three-year high during July-May FY25, totaling USD 211.5 million, while exports from Pakistan remained minimal. Although formal trade suffered, unofficial trade, estimated at USD 10 billion annually, continues via third countries due […]

India and the Maldives have engaged in discussions to strengthen economic cooperation and trade, as highlighted during a meeting between officials in Male. Both nations are exploring new avenues for collaboration, with India emphasizing its role as a key development partner through infrastructure projects and financial support.

GTRI cautions that allowing US GM farm products under a trade pact could harm India’s agri exports to the EU due to strict GM labeling and consumer resistance. Cross-contamination risks from India’s weak agri-logistics could lead to shipment rejections and damage India’s GMO-free image. Currently, India only allows Bt cotton cultivation and imports of GM […]

President Trump announced that the US is likely to begin notifying trading partners on Friday about new tariffs on their exports, set to take effect on August 1. He reiterated his preference for simple agreements over complex negotiations, ahead of his initial July 9 deadline for countries to reach deals with the US.