India an important trade and strategic partner: US Trade Representative
2 years, 8 months ago

India an important trade and strategic partner: US Trade Representative

The Hindu  

India is an important trading and strategic partner of the US, a top Biden administration official has told American lawmakers, asserting that despite some sharp differences, the two countries have agreed to work together on various issues, including the market access commitments. It was very important for us as the USTR and for me personally to go to Delhi to revive that trade policy forum.” As a result of the Trade Policy Forum, the US secured commitments from India to open up trade for the first time or to resume trade in a number of areas. While it won't be easy, the US should consider entering formal negotiations with India, which presents an enormous opportunity for growth for US farmers, especially a state like Montana -- that is the number one producer of pulse crops, India the number one consumer,” Mr. Daines said. It was extremely important for us in the Biden administration to restart that trade policy forum with India and to do it at the ministerial level”.

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History of this topic

India’s trade braces for an action-packed 2025
17 hours, 57 minutes ago

India’s trade braces for an action-packed 2025

Live Mint  

India’s external trade, navigating a phase of uncertainty owing to the European Union's new carbon tax on imports and slowing consumption in Europe, is set face further pressure. Yet, according to Pralok Gupta, associate professor, Indian Institute of Foreign Trade, which operates under the ministry of commerce and industry, “If US imposes high tariffs on China, India may face collateral …

Mexico, Canada, ASEAN gained more from US-China trade war than India: GTRI
1 week, 2 days ago

Mexico, Canada, ASEAN gained more from US-China trade war than India: GTRI

Live Mint  

New Delhi, Dec 15 Mexico, Canada, and 10-nation Southeast Asian bloc ASEAN benefited more from the US-China trade war than India, economic think tank GTRI said in a report. "Key beneficiaries of the trade war included Mexico, Canada, and ASEAN nations, which collectively accounted for 57 per cent of the growth in US imports. India also emerged as a significant …

Sanjaya Baru | Driving our foreign trade beyond the Trump bump
2 weeks, 1 day ago

Sanjaya Baru | Driving our foreign trade beyond the Trump bump

Deccan Chronicle  

The impending return to the White House of US President-elect Donald Trump promising high tariffs has raised the alarm around the world and not just in China. While saying nice things about India and Prime Minister Narendra Modi, Mr Trump has indicated that his trade negotiators would again take a close look at India’s tariffs. The return of President Trump …

India faces high exposure to US trade policy shift
2 weeks, 5 days ago

India faces high exposure to US trade policy shift

Deccan Chronicle  

Chennai: India will be one of the key economies that are most exposed to a potential trade policy shift in the US under the new regime. The 2025 trade outlook is clouded by potential US policy shifts, including broader tariffs that could disrupt global value chains and impact key trading partners, said UNCTAD in its global trade update. This 3.3 …

India and Japan: From friends to strategic partners
2 weeks, 5 days ago

India and Japan: From friends to strategic partners

Firstpost  

Japan, once a global leader in consumer electronics and industrial products, has struggled to keep pace with the rapid advancements in artificial intelligence and the semiconductor revolution. During a visit to India in July 2023, Japan’s Minister for Economy, Trade, and Industry Nishimura and India’s Minister for Electronics and Information Technology Ashwini Vaishnaw signed a memorandum of cooperation to strengthen …

World Economic Forum chief Borge Brende on global trade, AI, India's aspirations
2 weeks, 5 days ago

World Economic Forum chief Borge Brende on global trade, AI, India's aspirations

India Today  

World Economic Forum President Borge Brende shed light on critical global economic and political dynamics, including the impact of Donald Trump-era trade policies, the evolving US-China economic relationship, and India's growing prominence in the global economy. IMPACT OF TRUMP’S PRESIDENCY ON TRADE I think we're seeing a change towards more nearshoring and friendshoring under President Trump's leadership. And I think …

Commerce Ministry Reviews India-US Trade Ties Amid Trump’s Controversial Remark
3 weeks ago

Commerce Ministry Reviews India-US Trade Ties Amid Trump’s Controversial Remark

ABP News  

The commerce ministry is reviewing aspects of India-US trade relations, focusing on the implications of statements made by US President-elect Donald Trump during his election campaign and after the results, an official said, according to a PTI report. Trade experts have argued that Trump’s characterisation of India as an "abuser" of tariffs is unfair, as many countries, including the US, …

India confident of better trade ties with US under Donald Trump: Piysuh Goyal
3 weeks, 5 days ago

India confident of better trade ties with US under Donald Trump: Piysuh Goyal

Live Mint  

Union commerce and industry minister Piyush Goyal on Thursday expressed confidence in the resilience of India-US relations as Donald Trump gears up for another term in the White House. India's exports Meanwhile, Goyal said India's total exports, including merchandise and services, are expected to cross $800 billion in 2024-25 despite challenges related to the pandemic and geopolitical crises like the …

Trump’s policies may open new doors for India’s defence sector: Report
Trending News
4 weeks, 1 day ago

Trump’s policies may open new doors for India’s defence sector: Report

Live Mint  

New Delhi, November 25 : The "America First" trade policy promoted by upcoming U.S. President Donald Trump has far-reaching implications for global trade and geopolitics. It said "Indian businesses in sectors such as pharmaceuticals and defense might also find new opportunities, especially if U.S.- India collaboration strengthens. The report said "increased tariffs might prompt retaliatory measures from trade partners, potentially …

India-UK FTA talks: Both sides seek to bridge gaps to close deal expeditiously
1 month ago

India-UK FTA talks: Both sides seek to bridge gaps to close deal expeditiously

Live Mint  

New Delhi, Nov 20 India and the UK would seek to bridge the differences for expeditious conclusion of the proposed free trade agreement as Britain has announced resuming the negotiations early next year, an official statement said on Wednesday. British Prime Minister Keir Starmer has announced that trade talks with India will relaunch in the new year, following his bilateral …

UK to relaunch ‘vital’ trade talks with India in early 2025
1 month ago

UK to relaunch ‘vital’ trade talks with India in early 2025

The Independent  

Sign up for the View from Westminster email for expert analysis straight to your inbox Get our free View from Westminster email Get our free View from Westminster email SIGN UP I would like to be emailed about offers, events and updates from The Independent. Read our privacy policy The UK is set to relaunch trade talks with India at …

Will US-India thrive under Trump amid 'China factor'? Fareed Zakaria explains
1 month ago

Will US-India thrive under Trump amid 'China factor'? Fareed Zakaria explains

India Today  

Veteran journalist and geopolitical expert Fareed Zakaria on Monday expressed optimism about the trajectory of US-India relations under Donald Trump's regime and believed it to be a "golden opportunity" for India to end China's monopoly in manufacturing. Speaking to India Today TV's News Director Rahul Kanwal, Zakaria highlighted Trump's admiration for Prime Minister Narendra Modi and predicted continued strengthening of …

India imports more from China, exports less during Apr-Oct 2024: Govt data
Trending News
1 month, 1 week ago

India imports more from China, exports less during Apr-Oct 2024: Govt data

Firstpost  

During the period, the top 10 import sources of India were China, Russia, the UAE, the US, Iraq, Saudi Arabia, Indonesia, Korea, Switzerland and Singapore, the data showed China was India’s top import source with $65.89 billion, a 9.8 per cent year-on-year increase, worth of inbound shipments during the April-October period of this fiscal, according to the commerce ministry data. …

US Elections 2024: 5 key points from Donald Trump’s election manifesto that may impact India
1 month, 1 week ago

US Elections 2024: 5 key points from Donald Trump’s election manifesto that may impact India

Live Mint  

Donald Trump has secured his return to the White House as the 47th President of the United States, following a highly-competitive election on November 5, 2024. Trump’s Policy Agenda 5 key points from Donald Trump’s election manifesto that may impact India: Tax Reforms: As per the report, Trump’s policy platform emphasises extending the 2017 Tax Cuts and Jobs Act, which …

$100 billion bilateral trade with Russia by 2030 is realistic: Jaishankar
1 month, 1 week ago

$100 billion bilateral trade with Russia by 2030 is realistic: Jaishankar

Deccan Chronicle  

Speaking at the India-Russia Business Forum in Mumbai, Minister of External Affairs Dr S Jaishankar said by 2030 India-Russia bilateral trade will cross USD 100 billion.He said, "Our bilateral trade is today at USD 66 billion. "The minister outlined ten critical areas of development that signal a promising trajectory for strengthening bilateral trade and investment relations between the two countries.Highlighting …

India bets on Modi-Trump warmth to navigate choppy future with US
Trending News
1 month, 2 weeks ago

India bets on Modi-Trump warmth to navigate choppy future with US

Al Jazeera  

New Delhi, India — During his campaign for re-election, Donald Trump repeatedly threatened major tariffs on imports from a range of countries. Now, Trump’s “America First” agenda — which aims to offset domestic tax cuts by imposing higher tariffs on imports — could disrupt that relationship. “During the first term, Trump got into this whole ‘protectionist mode’, but upon his …

India poised to gain from Trump’s potential tariff hike on China, says report
1 month, 2 weeks ago

India poised to gain from Trump’s potential tariff hike on China, says report

Live Mint  

Following Donald Trump's victory in the U.S. presidential elections, a report from CareEdge suggests that India could benefit from potential shifts in global trade dynamics if Trump moves forward with plans to impose high tariffs on Chinese imports. Such policies aim to reduce the U.S. dependence on Chinese imports, a move that could disrupt established trade channels and prompt companies …

As Trump vows America First, what’s in store for China & India in Indo-Pacific?
1 month, 2 weeks ago

As Trump vows America First, what’s in store for China & India in Indo-Pacific?

Firstpost  

In sharp deviation from outgoing US President Joe Biden, a lifelong internationalist, President-elect Donald Trump is a brutal transanctionalist who largely sees the world from the point of view of trade and tariffs Former US President Donald Trump has the potential to transform the American government institition for decades. However, now as China is facing economic woes, it remains to …

Trump's potential return sparks concerns over Indo-US trade ties, tariffs
Trending News
1 month, 2 weeks ago

Trump's potential return sparks concerns over Indo-US trade ties, tariffs

New Indian Express  

Donald Trump’s return as the 47th president of the US will likely put Indo-US trade ties under sharp focus. Trump has promised a fresh wave of tariffs under his ‘America first’ stance, which may adversely affect countries like India and its key sectors such IT, pharmaceuticals, textiles, chemicals and automotive parts. He even proposed import duty increases of 10-20 percent …

How Trump’s ‘America-first’ agenda will push India-US friendship to its limit
1 month, 2 weeks ago

How Trump’s ‘America-first’ agenda will push India-US friendship to its limit

Firstpost  

US President-elect Donald Trump has shared bonhomie with India over the years. The bear hugs and bonhomie both men have shared during their official encounters belie Trump’s occasionally aggressive posture towards New Delhi in his first term, when he dubbed India a “tariff king” and “trade abuser”. Trump pledged to impose “reciprocal” tariffs on countries that have trade surpluses with …

India-US trade after Trump returns:Much to fret about but scope for optimism too
1 month, 2 weeks ago

India-US trade after Trump returns:Much to fret about but scope for optimism too

Live Mint  

The much-awaited US election results on Wednesday showed that Donald Trump will be returning to the White House in early 2025. For India, a positive trade balance with the US is important, as it is among the country’s top three trade partners. First, the ‘Make in India’ campaign of Prime Minister Narendra Modi, despite its similarity with ideas like Trump’s …

What Donald Trump 2.0 may bring India in defence, geostrategic synergy with United States
1 month, 2 weeks ago

What Donald Trump 2.0 may bring India in defence, geostrategic synergy with United States

India Today  

As Donald Trump returns to the Oval Office, global geopolitics is poised for a shake-up that could significantly benefit India as a key ally of the United States. “If Donald Trump follows through on his commitment to counter China’s growing influence, we can expect an even-tighter security alignment with India,” said a New Delhi-based geopolitical expert, adding that both nations …

America First, round two: What Trump's trade agenda means for India and the world
1 month, 2 weeks ago

America First, round two: What Trump's trade agenda means for India and the world

India Today  

With Donald Trump’s return to the White House, global trade dynamics face a seismic shift. India’s strategic balance As Trump brings his protectionist trade policies back, India faces pressure to lower trade barriers or risk tariffs on key exports. Why India matters to the US India holds unique significance for the US — first, as a strategic partner in countering …

Trump’s win will affect the global economy
Trending News
1 month, 2 weeks ago

Trump’s win will affect the global economy

The Hindu  

The return of Donald Trump as President of the world’s largest economy accounting for more than a quarter of the global GDP could mean a multiplicity of shifts, some of them detrimental, for several key economies, including India. It would mean a return to escalating trade wars; a continuation of economic protectionism; jettisoning multilateralism; and imposing restrictions on immigration into …

US elections 2024 outcome could reshape India trade ties
1 month, 2 weeks ago

US elections 2024 outcome could reshape India trade ties

Live Mint  

NEW DELHI : With Donald Trump, the Republican nominee and former US president, leading the US presidential race, India's trade ties with the country—one of the few with which India has a merchandise trade surplus—are likely set for a paradigm shift. While Donald Trump’s America First agenda may lead to higher tariffs on Indian goods, especially in key sectors like …

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 …

India-China Border Deal: A Long-Overdue Resolution
2 months ago

India-China Border Deal: A Long-Overdue Resolution

News 18  

Prime Minister Narendra Modi and Chinese Premier Xi Jinping will hold first bilateral talks in five years on Wednesday on the sidelines of the 16th BRICS Summit in Russia. Both countries reached an agreement to resume border patrolling operations along LAC following the disengagement process along the disputed areas.

US-India partnership to solve global challenges, advance growth: DFC official
3 months, 1 week ago

US-India partnership to solve global challenges, advance growth: DFC official

ABP News  

Washington, Sep 17 : India and the United States are working together to solve local and global problems, a senior American official said during her just-concluded trip to the South Asian country, according to a media release on Monday. Nisha Biswal, the US International Development Finance Corporation's Deputy Chief Executive Officer, during her travel to Mumbai and New Delhi from …

US wants to work with India to address key global problems: Top Biden official
3 months, 2 weeks ago

US wants to work with India to address key global problems: Top Biden official

India TV News  

Washington: The US is keen on working with India to address some of the key global problems, including in areas like healthcare, clean energy and climate change, a top Biden administration official has said. “It's not about what India needs help with, as much as how the US and India are working together to address problems,” Biswal told PTI in …

DC Edit | Fix trade deficit with China
3 months, 3 weeks ago

DC Edit | Fix trade deficit with China

Deccan Chronicle  

At a couple of forums in which he was keynote speaker last week, external affairs minister Jaishankar did some plain speaking on India’s ties with its neighbours China, Pakistan and Bangladesh. The point is being abrasive about relationships in public is not going to change anything while airing frank opinions will probably harm the prospects of diplomacy to heal the …

India has trade surplus with 151 nations; deficit with 75 during Jan-June 2024: GTRI
3 months, 3 weeks ago

India has trade surplus with 151 nations; deficit with 75 during Jan-June 2024: GTRI

The Hindu  

India has recorded trade surplus with as many as 151 countries such as the U.S. and Netherlands, while the country has a trade deficit with 75 nations including China and Russia during the first half of this year, according to think tank GTRI. "Between January and June 2024, India had a trade surplus with 151 countries, representing 55.8 per cent …

India and Japan hold talks on Indo-Pacific security as they eye China’s activity in the region
4 months ago

India and Japan hold talks on Indo-Pacific security as they eye China’s activity in the region

Associated Press  

NEW DELHI — The foreign and defense ministers of India and Japan Tuesday held security talks in New Delhi, aiming to bolster their strategic partnership in the Indo-Pacific as they seek to counter China’s increasingly assertive economic and military activities in the region. Indian Foreign Minister Subrahmanyam Jaishankar and Defense Minister Rajnath Singh met with their Japanese counterparts in the …

Trade between India and Vietnam can touch $20 billion, says Vietnam’s PM Pham Minh Chinh
4 months, 3 weeks ago

Trade between India and Vietnam can touch $20 billion, says Vietnam’s PM Pham Minh Chinh

Live Mint  

New Delhi: Vietnamese Prime Minister Pham Minh Chinh on Wednesday sought closer cooperation between both countries in semiconductor technology innovation among other areas. Pham Minh Chinh, who is on a three-day visit to India, said Vietnam is a key partner in India’s Act East policy and acknowledging the role played by both governments in facilitating business between the regions. “ …

India 'not rethinking' on issue of allowing Chinese investment as suggested by Economic survey: Piyush Goyal
4 months, 3 weeks ago

India 'not rethinking' on issue of allowing Chinese investment as suggested by Economic survey: Piyush Goyal

India TV News  

New Delhii: Commerce and Industry Minister Piyush Goyal said on Tuesday that there is no rethinking in the government to support foreign direct investments from China, as was pitched by the Economic Survey recently. India faces two choices to benefit from the 'China plus one strategy' -- it can integrate into China's supply chain or promote FDI from China. China …

The View From India newsletter: Is all well in Indo-U.S. partnership?
4 months, 3 weeks ago

The View From India newsletter: Is all well in Indo-U.S. partnership?

The Hindu  

Earlier in July, immediately after Prime Minister Modi wrapped up a bilateral summit with Russian President Vladimir Putin in Moscow, since first visit to Russia since the Ukraine war began in february 2022, the U.S.’s Ambassador in India made a rare public criticism of India’s Russia policy. In Washington DC, the State Department also expressed “concerns” over India’s ties with …

US becomes India's top defence export partner, takes over 50% market share
5 months, 4 weeks ago

US becomes India's top defence export partner, takes over 50% market share

Deccan Chronicle  

Kolkata: American Chamber of Commerce in India, an apex chamber of the US industry in India, has reported a remarkable progress in the India-US defence alliance. The US-India defence partnership encompasses acquisitions, co-production and co-development for global markets, joint ventures, training and innovation, enhancing India’s defence exports. AMCHAM India Director General and CEO Ranjana Khanna said, “US-India relationship has developed …

US trade sanctions on China can affect multilateralism
6 months, 2 weeks ago

US trade sanctions on China can affect multilateralism

Hindustan Times  

The United States -China trade war has escalated from the US banning Chinese apps to targeting domestic companies having close ties with the Chinese government. Recent anti-China legislation under the Biden administration indicates increasing economic hostility to counter Chinese trade practices on the grounds of a threat to US national security. US President Joe Biden The anti-China trade policy aims …

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 …

How will policy shifts impact India-US bilateral trade pact
7 months, 4 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. …

Despite polls, India-US ties set to get stronger
8 months, 1 week ago

Despite polls, India-US ties set to get stronger

Hindustan Times  

In 2024, around 3.5 billion people out of the planet’s eight billion will head to the polls. India-US trade went from a negligible $2 million over three decades ago to a point now where Washington is New Delhi’s top trading partner, with bilateral trade currently estimated at approximately $200 billion. Prime Minister Narendra Modi and US President Joe Biden put …

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 …

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 …

Indian official delegation heads for London for FTA talks
10 months ago

Indian official delegation heads for London for FTA talks

Hindustan Times  

The chief negotiators of both the countries would hold negotiations on different issues such as goods, services, and rules of origin. The Indian industry is demanding greater access for its skilled professionals from sectors like IT and healthcare in the UK market, besides market access for several goods at nil customs duty. On the other hand, the UK is seeking …

India-US ties: Beyond fleeting expediencies
10 months, 1 week ago

India-US ties: Beyond fleeting expediencies

Hindustan Times  

As 2024 unfolds, the US and China appear to be dialling down on tensions. Most recently, even as the US, Japan and the ROK held an “informal” trilateral summit during the APEC meeting in San Francisco in November last year, the foreign ministers of the ROK and Japan also met with their Chinese counterparts in Busan later that month. The …

India-China bilateral trade hit a new record in 2023: Envoy
10 months, 2 weeks ago

India-China bilateral trade hit a new record in 2023: Envoy

The Hindu  

India and China trade reached record levels in 2023, said the Chinese envoy to India, indicating that bilateral trade had surpassed 2022 figures despite a slowdown mid-year. Speaking at an event in Delhi celebrating the Chinese New Year, the envoy, Charge D’Affaires Ma Jia said that the growth in trade, to US $136.2 billion went along with other areas of …

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 …

US Trade Representative Katherine Tai to visit India next week for ministerial meet with Piyush Goyal
11 months, 2 weeks ago

US Trade Representative Katherine Tai to visit India next week for ministerial meet with Piyush Goyal

India TV News  

United States Trade Representative Katherine Tai will visit India from January 12 to 14 to co-chair the ministerial-level meeting of the US-India Trade Policy Forum with Union Commerce and Industry Minister Piyush Goyal. During the 14th ministerial-level meeting of the US-India TPF, Tai and Goyal will “discuss a broad set of issues to enhance the resiliency of the trade relationship, …

India-US bilateral defence trade has grown to $ 25 billion: Larson
11 months, 2 weeks ago

India-US bilateral defence trade has grown to $ 25 billion: Larson

Deccan Chronicle  

Hyderabad: The United States has solidified its role as a major supplier of defence equipment to India and has emerged as India's largest military exercise partner, said Jennifer Larson, Consul General of the US Consulate in Hyderabad. Priorities in this partnership include defence cooperation, fostering mutual prosperity, countering the climate crisis, upholding a free and secure Indo-Pacific, and maintaining a …

India-U.S. relationship has moved in a positive direction, says USISPF chief
1 year ago

India-U.S. relationship has moved in a positive direction, says USISPF chief

The Hindu  

The relationship between India and the U.S. has moved in a positive direction ranging from trade to defence and the two nations have shown a sense of deep understating of each other's differences, the head of a top India-centric business and strategic group has said. "When you look at it from the geopolitical QUAD perspective, there's more alignment between the …

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