India signs free trade pact with 4 European countries
9 months, 1 week ago

India signs free trade pact with 4 European countries

The Hindu  

India signed a free trade agreement with four European countries — Iceland, Liechtenstein, Norway, and Switzerland — on Sunday, with a goal of reaching $100 billion in investments in India and one million jobs. According to the TEPA’s Chapter 7 that deals with “Investment Promotion and Cooperation”, the two sides had shared “objectives” to increase foreign direct investment from EFTA states into India by $50 billion within 10 years and another $50 billion in the next five years. Periodic assessments “States cannot decide where companies invest,” Norwegian Trade Minister Jan Christian Vestre told journalists in a briefing, explaining that EFTA would nonetheless “work hard “ to ensure the goals were realised. In a written message, Prime Minister Narendra Modi called the TEPA a “win-win” agreement for all nations, and said its signing marked a “watershed moment” in ties between India and the European Trading bloc. “The Joint EFTA-India Committee comprising senior government officials will be a form of continuous pressure on India to adopt TRIP-plus like data exclusivity,” MSF Access Campaign’s regional head Leena Menghaney told The Hindu.

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History of this topic

Conclude EU-India FTA to counter forces of protectionism and transactionalism, says Portuguese Foreign Minister
1 week, 2 days ago

Conclude EU-India FTA to counter forces of protectionism and transactionalism, says Portuguese Foreign Minister

The Hindu  

An early conclusion of the India-European Union Free Trade Agreement is necessary to “counter” the global trends of protectionism and transactionalism, Portuguese Foreign Minister Paulo Rangel told The Hindu during a four-day visit to India. Mr. Rangel visited India during his first trip to Asia, just days after the European Union concluded talks for an FTA with the South American …

Switzerland suspends ‘most favoured nation’ status to India, cites SC's Nestle case ruling
1 week, 2 days ago

Switzerland suspends ‘most favoured nation’ status to India, cites SC's Nestle case ruling

Hindustan Times  

Dividends of Indian entities will be taxed at 10% in Switzerland from January 1 as the European nation has suspended the most favoured nation clause in its Double Taxation Avoidance Agreement with India. REUTERS/Denis Balibouse In a December 11 statement, the Swiss finance department said the move follows a ruling by Supreme Court of India last year that the MFN …

India seeks to accelerate TEPA implementation during commerce secretary’s visit to Norway
1 month ago

India seeks to accelerate TEPA implementation during commerce secretary’s visit to Norway

Live Mint  

India has intensified efforts to implement the Trade and Economic Partnership Agreement with the European Free Trade Association, with commerce secretary Sunil Barthwal embarking on a four-day trip to Norway on 22 November. The visit underscores India's push for broader global trade engagement, as TEPA offers unprecedented opportunities for Indian exports, services, and investments. The agreement, signed in March 2024 …

India-UK trade talks to focus on key tariff barriers and emerging sectors
1 month ago

India-UK trade talks to focus on key tariff barriers and emerging sectors

Live Mint  

The India-UK free trade agreement talks that are set to resume in early 2025 will focus on a range of critical areas including market access, regulatory frameworks, and tariff barriers. A successful FTA would facilitate increased trade across sectors like technology, agriculture, and manufacturing, while also deepening diplomatic ties, said Abhash Kumar, assistant professor of economics at Delhi University. India …

Piyush Goyal: India Chooses FTAs With Transparent, Aligned Economies
1 month ago

Piyush Goyal: India Chooses FTAs With Transparent, Aligned Economies

Deccan Chronicle  

New Delhi: Commerce and Industry Minister Piyush Goyal on Tuesday said that India looks for equity, balance and fair trade while negotiating a free trade agreement. “Fulfilling basic amenities of citizens has been the government’s priority for the last decade empowering Indians to aspire big, ensuring that India uses the 4-D advantage of democracy, demographic dividend, demand and decisive leadership …

UK and India revive FTA talks after PMs Keir Starmer and Narendra Modi meet at G20 Summit in Rio, ‘step forward…’
1 month ago

UK and India revive FTA talks after PMs Keir Starmer and Narendra Modi meet at G20 Summit in Rio, ‘step forward…’

Live Mint  

UK Prime Minister Keir Starmer has announced that free trade agreement talks with India will restart from 2025, PTI reported. In an official statement from the UK PM's address 10, Downing Street, the country would seek a new strategic partnership with India, including a trade agreement and deep cooperation in areas such as security, education, technology and climate change, the …

India Clarifies FTA Progress, Talks With EU and UK on Track
1 month ago

India Clarifies FTA Progress, Talks With EU and UK on Track

Deccan Chronicle  

New Delhi: Negotiations for all the proposed free trade agreements or FTA, including those with the UK and European Union, are progressing as per the schedule. In the coming weeks, a bilateral meeting is scheduled between the commerce secretary and the Director-General of the European Union to take stock of the negotiations for the proposed trade agreement with the European …

Trump victory may pave way for talks on India-US free trade agreement
Trending News
1 month, 2 weeks ago

Trump victory may pave way for talks on India-US free trade agreement

New Indian Express  

NEW DELHI: Donald Trump's re-election as the 47th President of the US has raised expectations about the resumption of some partnerships which were paused during President Joe Biden's term. This includes the possibility of an India-US Free Trade Agreement. "President Trump's comeback to power could lead to India-US FTA negotiations which will provide both sides with greater market access," former …

Germany and India: A Swift Free Trade Agreement in the Offing
Trending News
1 month, 4 weeks ago

Germany and India: A Swift Free Trade Agreement in the Offing

ABP News  

German Chancellor Olaf Scholz has expressed commitment to achieving swift progress and a rapid conclusion of the negotiations for a proposed free trade agreement between India and the 27-nation European Union (EU). He highlighted the importance of cooperation in defence and agreed to deepen cooperation in various sectors such as aviation, railways, and automobiles.

India committed to Free Trade Agreement with the U.K., says Modi
4 months, 4 weeks ago

India committed to Free Trade Agreement with the U.K., says Modi

The Hindu  

India is committed to concluding a Free Trade Agreement with the United Kingdom, said Prime Minister Narendra Modi on Wednesday, after meeting the visiting Secretary of State for Foreign, Commonwealth and Development Affairs David Lammy — the highest ranking official from the United Kingdom to visit India since the Labour party won a landslide victory in the recent election. Mr. …

UK foreign secretary David Lammy to visit India, FTA to top agenda
5 months ago

UK foreign secretary David Lammy to visit India, FTA to top agenda

Hindustan Times  

As India and the UK prepare for a visit by British foreign secretary David Lammy to New Delhi this week, negotiations for a bilateral trade deal could be prolonged as Britain’s new Labour Party government is expected to reopen certain key issues, people familiar with the matter said. The negotiations for the FTA could be prolonged as the new UK …

India, U.K. to hold next round of talks on proposed trade agreement in July
5 months, 2 weeks ago

India, U.K. to hold next round of talks on proposed trade agreement in July

The Hindu  

With the new government taking charge in Britain, senior officials of India and the U.K. will hold the next round of talks this month for the proposed free trade agreement to resolve the pending issues and close the negotiations, an official said. The Indian industry is demanding greater access for its skilled professionals from sectors like IT and healthcare in …

India, UK to resume negotiations on free trade agreement in next few weeks: Official
5 months, 2 weeks ago

India, UK to resume negotiations on free trade agreement in next few weeks: Official

India TV News  

New Delhi: With the new government taking charge in Britain, senior officials of India and the UK will hold the next round of talks this month for the proposed free trade agreement to resolve the pending issues and close the negotiations, an official told news agency PTI. The Indian industry is demanding greater access for its skilled professionals from sectors …

UK Elections 2024: What is Labour Party's stance on free trade agreement with India?
5 months, 3 weeks ago

UK Elections 2024: What is Labour Party's stance on free trade agreement with India?

India TV News  

London: The United Kingdom has moved into its final phase of campaigning ahead of the national elections scheduled for Thursday in a high-stakes contest between the Conservative and the Labour Party, with the Rishi Sunak-led party predicted to be ousted from power after 14 years. India-UK FTA talks Prime Minister Narendra Modi and Sunak, along with the delegations from the …

India Looking To Sign FTA With Oman As PM Modi Begins Third Term In Office: Report
6 months, 1 week ago

India Looking To Sign FTA With Oman As PM Modi Begins Third Term In Office: Report

ABP News  

India is reportedly planning to sign a free trade agreement with Oman within the first 100 days of PM Narendra Modi’s third term in office. Media reports said that India and the Sultanate of Oman almost reached a conclusion on negotiations during the Indian PM’s second tenure, however, the deal couldn’t be inked owing to the model code of conduct …

'Will consider only if...': MEA rejects Maldives minister's 'India seeking FTA with Male' claim
6 months, 3 weeks ago

'Will consider only if...': MEA rejects Maldives minister's 'India seeking FTA with Male' claim

India TV News  

The Ministry of External Affairs on Thursday rejected media reports claiming India is seeking a Free Trade Agreement with Maldives. Earlier on Saturday, Maldives said India initiated efforts to create a Free Trade Agreement between the two countries and deliberations were ongoing for achieving it. “They want there to be a Free Trade Agreement with the Maldives, in addition to …

India, U.K. reaffirm FTA commitment at Strategic Dialogue
7 months ago

India, U.K. reaffirm FTA commitment at Strategic Dialogue

The Hindu  

India and Britain have reaffirmed their commitment to conclude a mutually beneficial free trade agreement at the annual U.K.-India Strategic Dialogue in London, as the two sides reflected the "good progress" on the 2030 Roadmap since the last review. “The two reflected on good progress on the 2030 Roadmap since the last review, noting key areas where the UK and …

How will policy shifts impact India-US bilateral trade pact
7 months, 3 weeks ago

How will policy shifts impact India-US bilateral trade pact

Live Mint  

Despite shared commitments to bolster trade, the prospect of a comprehensive bilateral trade pact akin to a free trade agreement between the US and India appears dim, according to two people familiar with the matter. However, if the US exits the WTO it could expose Indian exports to higher tariffs, compelling both sides to engage in direct bilateral trade negotiations. …

Non-European Union states keen on investment agreements with India
8 months, 2 weeks ago

Non-European Union states keen on investment agreements with India

Hindustan Times  

New Delhi: Several non-European Union states are keen on finalising bilateral investment treaties with India to boost the potential for investments and to address concerns of investors on matters such as dispute resolution, people familiar with the matter said. Non-EU states, which are among some 68 countries whose bilateral investment treaties were terminated by the Indian government in recent years, …

The India-EFTA pact’s highlight is its investment aspect
8 months, 2 weeks ago

The India-EFTA pact’s highlight is its investment aspect

Live Mint  

In many ways, the recently concluded agreement between India and the European Free Trade Association is mainly a confidence building measure for India in the run-up to trade agreements likely to be pursued after general elections with the EU and UK. In most cases, the I-EFTA pact will have limited impact—India’s principal import from the four-nation group, gold, is not …

Do India’s Free Trade Agreements with European nations benefit the country? | In Focus podcast
8 months, 3 weeks ago

Do India’s Free Trade Agreements with European nations benefit the country? | In Focus podcast

The Hindu  

On March 10th, India signed a free trade agreement with a group of four European nations, committing to reduce tariffs. The balance of trade heavily favours the EFTA, with India importing about $22 billion in 2023 from the bloc, while India exported only about $3 billion to the bloc. But such free trade deals have not largely helped India’s export …

Reading the fine print of India-EFTA trade deal
8 months, 3 weeks ago

Reading the fine print of India-EFTA trade deal

Hindustan Times  

It took 16 years of negotiations for India and the European Free Trade Association — comprising Switzerland, Norway, Iceland, and Liechtenstein — to clinch a free trade agreement. Furthermore, EFTA countries, through their FDI, shall generate one million direct jobs in India within 15 years of the FTA coming into force. The EFTA countries are only under a legal obligation …

Worries about the EFTA’s $100 bn investment commitment are misplaced. Here’s why
8 months, 4 weeks ago

Worries about the EFTA’s $100 bn investment commitment are misplaced. Here’s why

Live Mint  

The signing of the European Free Trade Agreement is the culmination of long, complex negotiations that began in January 2008 and a historic achievement for the governments of India, Iceland, Liechtenstein, Norway, and Switzerland. The FTA also includes a clause that allows India to withdraw tariff concessions if the $100-billion investment doesn’t materialise. Linking trade preferences and tariff concessions to …

The View from India | Tricks of trade diplomacy
9 months ago

The View from India | Tricks of trade diplomacy

The Hindu  

When India signed the Trade and Economic Partnership Agreement with a bloc of four European countries — Iceland, Liechtenstein, Norway, and Switzerland — last week, the growing role of trade in diplomacy came under sharp focus. The pact comes on the heels of a host of bilateral agreements with the United Arab Emirates, spanning both trade and investment, following the …

Watch | Trade diplomacy | What’s the status of India’s Free Trade Agreements?
9 months, 1 week ago

Watch | Trade diplomacy | What’s the status of India’s Free Trade Agreements?

The Hindu  

March 15, 2024 08:53 pm | Updated 09:18 pm IST As India signs a Free Trade Agreement with 4 European Nations, is there hope for other negotiations- from the UK and EU to Oman, Gulf and Eurasian countries? Let’s start with this week’s developments, and a flurry of activities around India’s Free Trade Agreement negotiations just ahead of elections being …

High on intent and investment
9 months, 1 week ago

High on intent and investment

Hindustan Times  

India’s trade agreement with the European Free Trade Association — comprising Iceland, Liechtenstein, Norway and Switzerland — may not reflect the country’s true level of ambition on trade deals, but it has considerable signalling value. For starters, the trade deal ties non-sovereign fund investment of $100 billion by the EFTA nations to tariff concessions being granted to a chunk of …

India-Europe's 16-year journey to historic FTA: Key things to know about pact
9 months, 1 week ago

India-Europe's 16-year journey to historic FTA: Key things to know about pact

Hindustan Times  

India signed a free trade agreement with a group of four European nations - Switzerland, Norway, Iceland and Liechtenstein - on Sunday, which will see a major investment of around $100 billion for New Delhi over the next 15 years. India signed the FTA with Europe's four nation trade bloc on Sunday The free trade pact between the countries is …

India, EFTA's historic free trade agreement has a $100 billion investment plan
9 months, 1 week ago

India, EFTA's historic free trade agreement has a $100 billion investment plan

Hindustan Times  

India and the four-nation European bloc EFTA on Sunday signed a free trade agreement under which New Delhi has received an investment commitment of USD 100 billion over the next 15 years to facilitate the creation of one million jobs. India and EFTA inked a free trade agreement on Sunday, The European Free Trade Association members are Iceland, Liechtenstein, Norway, …

India, EFTA states sign trade deal to create resilient supply chains
9 months, 1 week ago

India, EFTA states sign trade deal to create resilient supply chains

Hindustan Times  

New Delhi: India and the European Free Trade Association bloc comprising Iceland, Liechtenstein, Norway and Switzerland on Sunday signed a free trade agreement that is expected to create better integrated and more resilient supply chains and new opportunities for businesses and individuals on both sides. India-EFTA Trade & Economic Partnership Agreement signed and exchanged in Delhi in presence of Union …

India signs free trade agreement with European Free Trade Association
9 months, 1 week ago

India signs free trade agreement with European Free Trade Association

Deccan Chronicle  

India and the four-nation European bloc EFTA on Sunday signed a free trade agreement to promote investments and boost two-way trade in goods and services.The European Free Trade Association members are Iceland, Liechtenstein, Norway, and Switzerland.The agreement has 14 chapters, including trade in goods, rules of origin, intellectual property rights, trade in services, investment promotion and cooperation, government procurement, technical …

India, EFTA Trade Pact A ‘Watershed Moment’ In Bilateral Relations, Says PM Narendra Modi
9 months, 1 week ago

India, EFTA Trade Pact A ‘Watershed Moment’ In Bilateral Relations, Says PM Narendra Modi

ABP News  

India signed a trade agreement with the European bloc, EFTA, made up of Singapore, Norway, Iceland, and Liechtenstein, on Sunday. Prime Minister Narendra Modi hailed the trade agreement as a ‘watershed moment’ in the relationship between India and the EFTA bloc. A message by Prime Minister Narendra Modi as India signs Trade and Economic Participation Agreement with EFTA. Our next …

India Seeks Investment Of $50 Billion During First 10 Years Of Trade Pact With EFTA
9 months, 2 weeks ago

India Seeks Investment Of $50 Billion During First 10 Years Of Trade Pact With EFTA

ABP News  

India and four-nation European bloc EFTA will sign a free trade agreement on Sunday, which is likely to help promote investments and exports of key domestic services sectors such as IT, audio-visual, and movement of skilled professionals, an official said. Commenting on the pact, economic think tank Global Trade Research Initiative said that since 98 per cent of India's exports …

India-EFTA trade deal to be signed on Sunday
9 months, 2 weeks ago

India-EFTA trade deal to be signed on Sunday

Live Mint  

The India-EFTA free trade agreement is scheduled to be signed on Sunday. However, trade experts don't see any major gain from the deal, considering that 98% of India's exports to Switzerland are industrial goods entering at zero tariffs. “India's agricultural exports are minimal and unlikely to increase significantly due to strict quality standards and non-tariff barriers,” said Ajay Srivastava, who …

FTA ‘possible’ before India elections, says U.K. Trade Minister Kemi Badenoch
9 months, 2 weeks ago

FTA ‘possible’ before India elections, says U.K. Trade Minister Kemi Badenoch

The Hindu  

A trade deal being negotiated with India is "possible" to be concluded before a general election in the country but Britain does not want to use that as a deadline, U.K. Secretary of State for Business and Trade Kemi Badenoch has said. The Minister in charge of signing off on the free trade agreement, now in its 14th round of …

Cabinet may consider EFTA, deal likely to be announced Sunday
9 months, 2 weeks ago

Cabinet may consider EFTA, deal likely to be announced Sunday

Live Mint  

New Delhi: The Union cabinet is expected to take up the draft agreement with the European Free Trade Association today, paving the way for a potential announcement on Sunday, two persons aware of the development said. This deal could be the first formally signed free trade agreement among India's ongoing trade negotiations. Mint reported that the four nations making up …

Ideas of India 3.0: India, UK Can Secure A Mutually Beneficial Trade Deal, Says British Politician Suella Braverman
9 months, 4 weeks ago

Ideas of India 3.0: India, UK Can Secure A Mutually Beneficial Trade Deal, Says British Politician Suella Braverman

ABP News  

British politician and member of the Parliament, Suella Braverman, said on Saturday that India and the UK have an opportunity to collaborate and work together on the world stage. That is why the post-Brexit UK heralds a great opportunity for a UK-India trade deal, the works for both our nations to double the trade to potentially 86 billion pounds, doubling …

India's Trade Deals With Oman, UK, EFTA Bloc Reflect Worldwide Economic Integration: GTRI
10 months ago

India's Trade Deals With Oman, UK, EFTA Bloc Reflect Worldwide Economic Integration: GTRI

ABP News  

The successful finalisation of India's proposed trade agreements with the UK, Oman, and the four-nation bloc EFTA in Europe will underscore its dedication to trade liberalisation and economic integration. The report further highlighted that the three agreements with the UK, Oman, and the European Free Trade Association indicate a transition in India's preference for trade alliances from east to west. …

Trade deal between India, European Free Trade Association likely within a few days, says Norwegian Minister
10 months ago

Trade deal between India, European Free Trade Association likely within a few days, says Norwegian Minister

The Hindu  

The Free Trade Agreement between India and the European Free Trade Association is in the final stages and is expected to be concluded within the next few days, Norway’s Deputy Foreign Minister Andreas Motzfeldt Kravik said on Thursday, February 22,2024. According to a leaked draft, within six months of the trade agreement being signed, signatories should include a “specific duration” …

India-UK free trade agreement talks in advanced stage: Commerce secretary
10 months, 1 week ago

India-UK free trade agreement talks in advanced stage: Commerce secretary

New Indian Express  

NEW DELHI: Negotiations between India and the United Kingdom for the proposed free trade agreement are at an advanced stage, Commerce Secretary Sunil Barthwal said Thursday adding that the deliberations are taking time as India wants to protect its interest. “India should commercially gain out of it and we should be able to safeguard the interest of our farmers, production …

Majority of India-U.K. FTA issues either closed or at advanced stage of talks: official
11 months, 1 week ago

Majority of India-U.K. FTA issues either closed or at advanced stage of talks: official

The Hindu  

Majority of the issues in the proposed free trade agreement between India and the U.K. are either finalised or at an advanced stage of talks, a government official said on January 15. On the progress on the proposed trade deal between India and the European Union, he said the seventh round of talks will be held from February 19-23 here. …

Trade push to top agenda of Katherine Tai’s 3-day visit
11 months, 2 weeks ago

Trade push to top agenda of Katherine Tai’s 3-day visit

Hindustan Times  

New Delhi: India and the US will discuss ways to boost bilateral trade during US Trade Representative Katherine Tai’s three-day India visit starting January 12, two officials said. Merchandise trade between the two countries fell by 9% to $79.28 billion in the first eight months The US is concerned about a widening of its trade deficit with India as the …

Negotiations on India, Oman free trade agreement progressing swiftly, pact likely to be inked next month, says official
11 months, 3 weeks ago

Negotiations on India, Oman free trade agreement progressing swiftly, pact likely to be inked next month, says official

Firstpost  

“With Oman, there is a very good progress and both sides are very eager to conclude this deal. It may be signed in January 2024,” said a government official The negotiations on much-awaited free trade agreement between India and Oman are progressing swiftly, with expectations of the agreement being formally signed next month. The pact would help increase exports from …

14th round of India-UK FTA dialogues to start in January
1 year ago

14th round of India-UK FTA dialogues to start in January

Live Mint  

The fourteenth round of free trade agreement negotiations between India and the UK will start in January 2024, the ministry of commerce and industry said in an official statement on Monday. According to the government, India-UK free trade agreement talks completed 13 rounds of negotiations that took place from 18 September to 15 December. India’s demand for visas for professionals …

Optimistic on trade agreement ahead of elections: Swiss, Norway Ministers
1 year ago

Optimistic on trade agreement ahead of elections: Swiss, Norway Ministers

The Hindu  

No timeline can be given on the conclusion of talks between India and four Nordic countries of the European Free Trade Association for a Trade and Economic Partnership Agreement, said the Trade Ministers of Switzerland and Norway during a visit to Delhi. Government officials indicated that though the most recent round of talks between trade negotiators from India and the …

India to receive Trade Ministers from Switzerland, Norway for ‘critical talks’ this week
1 year ago

India to receive Trade Ministers from Switzerland, Norway for ‘critical talks’ this week

The Hindu  

As Trade Ministers from Switzerland and Norway visit Delhi this week, officials say they remain optimistic of reaching an agreement on a trade pact with Nordic countries in the next few months, although several outstanding issues remain and Indian trade negotiators are busy trying to close other FTAs with the U.K. and Australia. Talks about TEPA and a Bilateral Investment …

India's trade trajectory: FTAs and beyond
1 year, 1 month ago

India's trade trajectory: FTAs and beyond

Live Mint  

India has been refining its global trade strategy, emphasizing a fresh outlook on Free Trade Agreements. India's readiness to face these emerging challenges will determine how well it can fulfil its ambitions of becoming an export-oriented manufacturing hub Not so long ago, India embarked on a journey to strengthen its trade relations with several nations, forging FTAs that promised mutual …

India, UK Trade Ministers Discuss Progress Of Negotiations On Proposed FTA
1 year, 1 month ago

India, UK Trade Ministers Discuss Progress Of Negotiations On Proposed FTA

ABP News  

India and the UK trade ministers on Saturday reviewed the progress of ongoing negotiations for the proposed free trade agreement. Goyal informed via the social media platform, X that he and the UK trade minister ‘discussed the progress of India-UK Free Trade Agreement negotiations’. Discussed the progress of India-UK Free Trade Agreement negotiations with @KemiBadenoch, UK's Secretary of State for …

India, UK start weekly FTA negotiations, says official
1 year, 2 months ago

India, UK start weekly FTA negotiations, says official

Live Mint  

New Delhi: India and the UK have begun weekly trade negotiations, as both the nations look to complete negotiations for a free trade agreement soonest, India's commerce secretary Sunil Bharthwal said on Friday. This comes amid reports that India and the United Kingdom could sign the proposed FTA by the end of October 2023, with UK prime minister Rishi Sunak …

India-UK likely to sign FTA deal by October end: Report
1 year, 2 months ago

India-UK likely to sign FTA deal by October end: Report

Live Mint  

India and the United Kingdom are expected to sign a proposed free-trade agreement deal at the end of October 2023, according to a report published by Economic Times. British Prime Minister Rishi Sunak has earlier reiterated his commitment to closer India-UK ties across different sectors, including a FTA, between the two countries. A 30-member official delegation from the UK started …

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