India’s trade pact with Australia will click: It ticks the right boxes
2 years, 8 months ago

India’s trade pact with Australia will click: It ticks the right boxes

Live Mint  

The India-Australia Economic Cooperation and Trade Agreement, signed on 2 April, is in many aspects a path-breaking trade agreement for both countries. One of the major factors behind this new FTA confidence and support shown by Indian Industry is that the government has identified the right set of countries for such trade and aggressively ensured meaningful market access for Indian exports. Currently, Indian exports face a tariff disadvantage of 4-5% in many labour-intensive sectors vis-à-vis competitors in the Australian market such as China, Thailand, Vietnam, South Korea, Japan, Indonesia and Malaysia. Indian industry needs to use this arrangement smartly, as Australian exports to India are more concentrated in raw materials and intermediate products. An annual quota of 1,800 Indian traditional chefs and yoga teachers entering Australia as contractual service suppliers, post-study work visas for Indian students, the pursuit of a mutual recognition agreement on professional qualifications, and an enhanced commitment on the movement of professionals as intra-corporate transferees are some of the key gains for Indian service sectors.

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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 …

Free trade deal with India set to be worth millions for Australian producers amid avocado oversupply
6 months, 2 weeks ago

Free trade deal with India set to be worth millions for Australian producers amid avocado oversupply

ABC  

In short: Australia has begun shipping avocados to India. Nutritionist Kevita Devgan said the trade deal came at the right time with India's increasing focus on eating healthy "post COVID". Queensland avocado grower Daryl Boardman said exporting to India could help Australia's avocado producers. Avocado exporter Antony Allen said India could become Australia's biggest avocado importer within three years, overtaking …

'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 raises issue of pharma pricing control in Australia
7 months, 2 weeks ago

India raises issue of pharma pricing control in Australia

Deccan Chronicle  

New Delhi: India has raised the issue of pharmaceutical pricing control in Australia, particularly on generic medicines, during a recent bilateral meeting between the officials of the two countries.The two sides have decided to work closely on timely resolution of market access issues, deepen people-to-people contacts, and create an institutional mechanism for sharing of preferential import data, the commerce ministry …

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 …

Will EFTA show the way for other FTAs?
9 months ago

Will EFTA show the way for other FTAs?

Hindustan Times  

Earlier this month, India and the European Free Trade Association — comprising Switzerland, Norway, Iceland, and Liechtenstein — inked a new-generation trade agreement, the Trade and Economic Partnership Agreement. At first look, India’s agreement with the EFTA does not seem attractive given the low levels of trade and investment between the two. With India’s fast-growing export sectors, namely, electronic goods …

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

India looks for new textiles markets abroad as demand wanes in U.S., EU, says Union Secretary
11 months, 2 weeks ago

India looks for new textiles markets abroad as demand wanes in U.S., EU, says Union Secretary

The Hindu  

With demand for textiles exports turning sluggish in Europe and the U.S., India is looking for new markets through free trade agreements with countries such as Australia and the United Arab Emirates, Union Textiles Secretary Rachna Shah said here on Tuesday. Addressing a press conference, she said the Centre is taking steps to address the issues of lack of demand …

Negotiations on India, Oman free trade agreement progressing swiftly, pact likely to be inked next month, says official
11 months, 4 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 …

Australian envoy Philip Green hails ties between India, Australia
1 year ago

Australian envoy Philip Green hails ties between India, Australia

Hindustan Times  

Lauding the bilateral partnership between New Delhi and Canberra, the Ambassador of Australia to India, Philip Green OAM highlighted a remarkable two-way trade that has grown by more than 50 per cent over the past five years, adding that India is the most consequential relationship. Australian envoy Philip Green Emphasizing India's paramount significance in their bilateral relations, he expressed his …

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 …

After FTA, India and Australia to boost economic ties
1 year, 1 month ago

After FTA, India and Australia to boost economic ties

Hindustan Times  

New Delhi HT Image After successful conclusion of a preliminary free trade agreement last year, India and Australia have started discussions to take bilateral ties forward in areas such as digital trade, micro, small and medium enterprises, traditional knowledge, labour, and sports, two people aware of the development said. New Delhi and Canberra concluded the seventh round of talks regarding …

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 …

‘Limited benefit for India in trade deal with UK’
1 year, 2 months ago

‘Limited benefit for India in trade deal with UK’

Live Mint  

The India-UK free trade agreement is expected to yield only limited benefits for India, as many of its exports to the UK already enjoy low or zero tariffs, a new research report has said. “While textiles, apparel, footwear, agricultural products and certain other items stand to benefit from tariff reductions, substantial growth in Indian exports to the UK will ultimately …

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 …

Trade and security ties with India gathering pace: Australian Speaker
1 year, 2 months ago

Trade and security ties with India gathering pace: Australian Speaker

The Hindu  

Security and trade cooperation between India and Australia are gathering pace, and relations between the two “rich and vibrant democracies” have never been stronger, said Milton Dick, Speaker of Australia’s House of Representatives. In an interview with The Hindu, Mr. Dick said Australia is currently resetting its relationship with China, but its ties with India are “unique” with trade, security, …

How India-Israel trade ties have grown, in charts
1 year, 2 months ago

How India-Israel trade ties have grown, in charts

Live Mint  

Hamas’s unprecedented surprise attack on Israel on Saturday has invited condemnation from Prime Minister Narendra Modi among other global leaders. The trade ties between India and Israel have risen steadily, with a spike last year when Israel became India's fourth-largest destination of petroleum products exports. In 2022-23, India's exports of petroleum products to Israel jumped 3.5 times to $5.5 billion, …

India’s FTA negotiations with UK may hit a roadblock
1 year, 2 months ago

India’s FTA negotiations with UK may hit a roadblock

Hindustan Times  

New Delhi India’s negotiations with the UK for a trade deal could hit a roadblock as Indian industries are unwilling to offer import duty concessions to British manufacturers without London allowing easier mobility for Indian professionals, people with direct knowledge of the talks said on Monday. If business mobility – or easier temporary movement of Indian professionals to the UK …

India’s global exports in labour-intensive sectors declined in last 5 years: FIE
1 year, 2 months ago

India’s global exports in labour-intensive sectors declined in last 5 years: FIE

Live Mint  

With India experiencing a decline in global market share across segments during the last five years, the labour-intensive export sectors such as apparels, marine products, plastics, and gems and jewellery are showing a "troubling pattern", news agency PTI quoted FIEO report as saying. "An analysis of sector-wise export performance for the last five years reveal the troubling pattern that India …

The India-UAE FTA: Strengthening economic ties
1 year, 4 months ago

The India-UAE FTA: Strengthening economic ties

Hindustan Times  

The India-United Arab Emirates Free Trade Agreement has the potential to benefit Maharashtra, which is the largest contributor to India's Gross Domestic Product. The FTA with the UAE has the potential to further boost Maharashtra's economic growth by providing greater access to the UAE market for Maharashtra's products and services. This will make it easier for Maharashtra's textile manufacturers and …

India-ASEAN trade deal ill conceived: Goyal
1 year, 4 months ago

India-ASEAN trade deal ill conceived: Goyal

Live Mint  

India-ASEAN trade deal signed under the UPA era is one of the most ill-conceived deals, commerce minister Piyush Goyal said on Thursday at an industry event. India mostly imports capital goods, raw materials and intermediates from Asean, the tariff concessions under the free trade agreements have also been advantageous to many sectors and adversely impacted domestic companies, especially chemicals and …

India, Australia explore easing whiskey exports
1 year, 5 months ago

India, Australia explore easing whiskey exports

Live Mint  

A newly formed India-Australia joint working group is looking at the possibility of a mutual recognition agreement that would help Indian whiskey makers tap into the Australian market, which has a significant Indian population and growth opportunity, two people aware of the development said. India and Australia are working together on a solution for the smoother entry of Indian whiskey …

Impasse in free trade talks as Israeli concerns grow over Indian IT influx
1 year, 6 months ago

Impasse in free trade talks as Israeli concerns grow over Indian IT influx

Live Mint  

New Delhi: Free trade talks between India and Israel have hit the skids over the movement of Indian IT professionals and the perception that Israel would stand to gain more from the mismatch in the size of the two economies, two people privy to the negotiations said. This person said both the minister of economy and foreign affairs of Israel …

Australia seeking to stabilise, not normalise, its relationship with China
1 year, 6 months ago

Australia seeking to stabilise, not normalise, its relationship with China

The Hindu  

The outgoing Australian High Commissioner to India, Barry O’Farrell, on Friday said Australia is seeking to stabilise, not normalise, relations with China, which, he added was no different from India’s position towards China. During an interaction with journalists of The Hindu group in Chennai, he said India continued to talk to China for the same reason as that of Australia, …

India, UK still far apart on free trade deal: Report
1 year, 7 months ago

India, UK still far apart on free trade deal: Report

Live Mint  

India and Britain are struggling to make progress in free trade talks due to differences on some key tariff lines and investment protection rules, making a deal unlikely during Prime Minister Narendra Modi's second term ending next year, Indian sources said. Besides tariffs, Britain is also pushing India to agree on strong investment-protection provisions either as part of the deal …

India-UAE trade pact boosts exports to $31.3 billion in 2022-23
1 year, 7 months ago

India-UAE trade pact boosts exports to $31.3 billion in 2022-23

The Hindu  

Exports from India to the UAE have grown at almost 12% in 2022-23 to hit $31.3 billion, more than double the 5.3% growth in India’s overall exports, thanks to the implementation of the bilateral trade pact last May, the Commerce Ministry said on Monday. “During the CEPA Implementation period, bilateral trade increased from $67.5 billion a year earlier to $76.9 …

Current Regime Wants to Facilitate FTA, Says UK India Business Council Chief - News18
1 year, 8 months ago

Current Regime Wants to Facilitate FTA, Says UK India Business Council Chief - News18

News 18  

As India and the UK are scheduled to hold the next round of trade talks on April 24, some top business leaders in both the countries are of the opinion that the political turmoil in the western nation has affected the agreement to a certain extent, but now with Rishi Sunak having taken over as the Prime Minister, things are …

Australia eyes opportunity with India's rising middle class, growing population with trade agreement
1 year, 8 months ago

Australia eyes opportunity with India's rising middle class, growing population with trade agreement

ABC  

India is on the cusp of becoming the world's most populous country, and it could spell new opportunities for trade and exports from Australia. Key points: Australia was the first western nation to sign a free-trade agreement with India India's rising middle class provides an opportunity for Australian agriculture Consumers in India are seeking lamb, pulses, and high-quality fruit and …

Australia looks to India for wide market for lithium export
1 year, 8 months ago

Australia looks to India for wide market for lithium export

The Hindu  

Australia would rather have a diversified market for its lithium exports –and this includes India –than they all be cornered by the United States, Don Farrell, Australia’s Minister for Trade and Tourism said in a media interaction. Mr. Farrell was speaking in the context of the U.S.’ Inflation Reduction Act, passed in August 2022, that grants major subsidies to electric …

India failed to create positive impression among businesses moving away from China, says House panel report
1 year, 8 months ago

India failed to create positive impression among businesses moving away from China, says House panel report

The Hindu  

Despite resources, India has not been able to create a positive impression among businesses moving away from China, a parliamentary panel on commerce has said in its report tabled in the Rajya Sabha on Friday. The report stated that India has not been able to take advantage of the “China Plus One Strategy,” through which multinationals shifted manufacturing and production …

India mulling to discuss mechanism with Australia under FTA for smooth supply of critical minerals
1 year, 9 months ago

India mulling to discuss mechanism with Australia under FTA for smooth supply of critical minerals

The Hindu  

India is considering to discuss a mechanism with Australia for a smooth supply of their critical minerals under the comprehensive Free Trade Agreement amid a huge demand in the domestic market, according to sources. There is a huge demand for critical minerals like lithium, titanium, vanadium, cobalt, nickel, and graphite in India as the country is targeting to boost the …

India, Australia agree for early conclusion of talks to expand trade pact; eye $100-billion trade
1 year, 9 months ago

India, Australia agree for early conclusion of talks to expand trade pact; eye $100-billion trade

The Hindu  

India and Australia on Saturday expressed their commitment for concluding the negotiations for expanding the scope of existing free trade agreement by the end of this year with an aim to push the bilateral trade to $100 billion. After the first India-Australia summit talks here on March 10 on a range of key issues, PM Albanese has said that both …

India, Australia vow to expand FTA scope with an aim to push bilateral trade to USD 100 billion | DETAILS
1 year, 9 months ago

India, Australia vow to expand FTA scope with an aim to push bilateral trade to USD 100 billion | DETAILS

India TV News  

India-Australia ties: In the latest development, India and Australia reaffirmed their resolve to wrap up talks to expand the existing Free Trade Agreement by the end of the year with an aim to increase bilateral trade to USD 100 billion. He also said that "we are very very dissatisfied" with the USD 30-billion bilateral trade and the officials of India …

Australia aims to bolster security, economic ties with India
1 year, 9 months ago

Australia aims to bolster security, economic ties with India

Associated Press  

NEW DELHI — The prime ministers of India and Australia on Friday expressed concern over an “increasingly uncertain global security environment” and committed themselves to strengthening their defense and security partnership to ensure stability in the Indo-Pacific. Australian Prime Minister Anthony Albanese, on a four-day visit to India, and his Indian counterpart Narendra Modi did not directly refer to Russia’s …

India, Australia to step up ties in defence, trade; sign 4 pacts
1 year, 9 months ago

India, Australia to step up ties in defence, trade; sign 4 pacts

Deccan Chronicle  

NEW DELHI: Prime Minister Narendra Modi and Australia’s PM Anthony Albanese held “positive, productive and engaging” talks in New Delhi on Friday at the first India-Australia annual summit, when the two nations decided to ramp up ties in several sectors, including defence and security, trade and investment, climate and clean energy, culture and people-to-people ties, and signed four pacts. The …

Trade pact unlocked enormous potential, says Australian PM
1 year, 9 months ago

Trade pact unlocked enormous potential, says Australian PM

The Hindu  

Visiting Australian Prime Minister Anthony Albanese in Mumbai on Thursday said the India-Australia Economic Cooperation & Trade Agreement, which recently came into force, has unlocked enormous potential in the relationship between the two countries. “It gives Australian businesses far greater access to the mighty Indian economy, a market of some 1.4 billion people and one of the world’s fastest growing …

India, Australia aim to boost economic, defence ties at first summit of PMs
1 year, 9 months ago

India, Australia aim to boost economic, defence ties at first summit of PMs

The Hindu  

Australia’s Prime Minister Anthony Albanese arrives in India on Wednesday seeking to strengthen the new momentum in ties between the two countries through deeper trade, investment and defence relations. The three-day visit by PM Albanese, the first by an Australian Prime Minister since 2017, comes days ahead of a visit by Japanese PM Fumio Kishida, another member of the so-called …

Australia-India economic ties a big opportunity, says former Senator
1 year, 9 months ago

Australia-India economic ties a big opportunity, says former Senator

The Hindu  

Political and strategic ties between India and Australia have made great strides in the recent past, and the next steps in the bilateral relations will have to focus on economic cooperation, said Lisa Singh, former Australian Senator and CEO of the Australia India Institute. “I am happy that we are in a sweet spot for India –Australia ties, but there …

India FTA can be clinched this year, but no more visa offers: UK trade minister
1 year, 11 months ago

India FTA can be clinched this year, but no more visa offers: UK trade minister

India Today  

The India-UK free trade agreement is expected to be clinched this year but it won't involve any boost of free movement visa offers for Indians, British trade minister in charge of the negotiations has said. Kemi Badenoch, who was in New Delhi last month to kick off the sixth round of FTA talks with Commerce and Industry Minister Piyush Goyal, …

India, US 'thinking Big', Says Goyal, Rules Out Mini Trade Deal or FTA
1 year, 11 months ago

India, US 'thinking Big', Says Goyal, Rules Out Mini Trade Deal or FTA

News 18  

The Modi government and the Biden administration are “thinking big” in terms of their trade and commerce relationship, a top Indian official said Wednesday as he ruled out the previously talked about mini trade deal or a free trade agreement and noted that restoration of GSP is not a priority for New Delhi. To focus our energies on the GSP …

With trade pact becoming a reality, Australian PM set to visit India
1 year, 11 months ago

With trade pact becoming a reality, Australian PM set to visit India

The Hindu  

Australian Prime Minister Anthony Albanese is expected to visit India in March, diplomatic sources have confirmed. The visit is aimed at expressing Canberra’s political will for furthering bilateral ties that received a boost with the implementation of the Economic Cooperation and Trade Agreement last December 29 when Mr. Albanese announced the planned visit that is likely to include New Delhi …

India looking at multilateral agreements that are fair, equitable for all sides: Piyush Goyal
1 year, 11 months ago

India looking at multilateral agreements that are fair, equitable for all sides: Piyush Goyal

The Hindu  

Negotiations for bilateral free trade agreements with several countries are "well on track" and India is also looking at some multilateral pacts that are fair and equitable for all the member countries, Commerce and Industry Minister Piyush Goyal said on January 7. The country is negotiating FTAs with countries including Canada, European Union and the U.K. "We are well on …

India-Australia FTA: Cipla, Lupin, Sun And Other Top Drugmakers to Go Down Under in Bid to Push Up Exports
1 year, 11 months ago

India-Australia FTA: Cipla, Lupin, Sun And Other Top Drugmakers to Go Down Under in Bid to Push Up Exports

News 18  

India is looking at greater market access for its pharmaceutical products in Australia as its top drugmakers are set to visit the country in the first week of February, News18.com has learnt. The tour is a part of the pharmaceutical supply chain resilience initiative following India’s free trade agreement with Australia. All the top drugmakers of India such as Sun …

India-Australia major trade pact comes into effect
1 year, 11 months ago

India-Australia major trade pact comes into effect

Hindustan Times  

Commerce minister Piyush Goyal on Thursday formally operationalised the second major free trade agreement in 2022 – the India-Australia Economic and Cooperation Trade Agreement – by issuing preferential certificates of origin to some export consignments related to textiles, jewellery and pharmaceutical sectors in Mumbai. Piyush Goyal formally operationalised the India-Australia Economic and Cooperation Trade Agreement “All these products will attract …

Improving two-way trade: Australian PM Anthony Albanese to visit India in March 2023
1 year, 11 months ago

Improving two-way trade: Australian PM Anthony Albanese to visit India in March 2023

Firstpost  

Albanese issued the statement on Twitter as the Australia-India Economic Cooperation and Trade Agreement came into force. It stated that ECTA underscored the government’s commitment to delivering opportunities to diversify trade that are “commercially meaningful” for businesses of Australia Australian PM Anthony Albanese will be visiting India in March 2023. At the invitation of @narendramodi I will visit India in …

India-Australia FTA to help increase apparel exports: AEPC
1 year, 11 months ago

India-Australia FTA to help increase apparel exports: AEPC

The Hindu  

Customs duty advantage under the India-Australia free trade agreement will help Indian apparel exporters get greater market access in that country as compared to their competitors, AEPC said on Tuesday. Apparel Export Promotion Council Vice Chairman Sudhir Sekhri said Australia is the largest importer of garments in the southern hemisphere. "With the India-Australia ECTA getting operationalised, India will have a …

India-Australia free trade agreement to come into force from December 29
2 years ago

India-Australia free trade agreement to come into force from December 29

The Hindu  

The free trade agreement between India and Australia will come into force from December 29, a move which will help in almost doubling the bilateral commerce to $45-50 billion in around five years. "The Albanese government welcomes confirmation today that the Indian Government has completed its domestic requirements to enable implementation of the Australia-India Economic Cooperation and Trade Agreement," Australian …

India, Australia free trade agreement to come into force from December 29
2 years ago

India, Australia free trade agreement to come into force from December 29

India TV News  

The free trade agreement between India and Australia will come into force from December 29, a move which will help in almost doubling the bilateral commerce to USD 45-50 billion in around five years. "The Albanese government welcomes confirmation today that the Indian Government has completed its domestic requirements to enable implementation of the Australia-India Economic Cooperation and Trade Agreement," …

Opening stance: The Hindu Editorial on the Australian parliament ratification of trade pact with India
2 years ago

Opening stance: The Hindu Editorial on the Australian parliament ratification of trade pact with India

The Hindu  

In what would be India’s first major free trade deal with a developed economy in over a decade, the first phase of a pact sealed with Australia in April this year is likely to be operationalised soon, paving easier market access for Indian services and goods. While the two countries are already part of recently formed global cliques such as …

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