Is India on the cusp of a flurry of free trade deals?
3 years ago

Is India on the cusp of a flurry of free trade deals?

Al Jazeera  

India has shown little enthusiasm for free trade deals since Prime Minister Modi took office, but as trade imbalances rise, his government appears to be changing course. Former Prime Minister Tony Abbott, now a trade envoy for the Australian government, has indicated that Indian tariffs on his country’s wines could be slashed under the interim pact. “Because you can get flooded by their goods and that hurts domestic industry.” But the data shows that avoiding free trade deals has not necessarily made Indian manufacturers more competitive. Earlier FTAs with countries like Japan and Malaysia were focused more on goods than on services, which are India’s strength, said Debashis Chakraborty, associate professor at the Indian Institute of Foreign Trade in Kolkata.

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History of this topic

India confident of better trade ties with US under Donald Trump: Piysuh Goyal
3 weeks, 4 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 …

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 …

India should reconsider its rejection of the RCEP trade bloc
1 month, 1 week ago

India should reconsider its rejection of the RCEP trade bloc

Live Mint  

Five years ago, on a November morning in Bangkok, just on the verge of signing the Regional Comprehensive Economic Partnership agreement, India abruptly walked out of it. India’s RCEP participation should be based on a broad set of metrics—not merely the trade deficit, but also investment inflows, employment creation and participation in new regional value chains. A 2022 assessment by …

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's Trade with Canada Slows Down Despite Diplomatic Stalemate
1 month, 3 weeks ago

India's Trade with Canada Slows Down Despite Diplomatic Stalemate

Live Mint  

Despite a diplomatic standoff, India's trade with Canada remains largely unaffected, with both countries maintaining their commitment to free trade principles. Trade data shows a steady increase in India's exports to Canada, while imports remain stable, indicating resilience in bilateral trade despite the geopolitical tensions.

Is the spike in India’s trade deficit a worry?
3 months ago

Is the spike in India’s trade deficit a worry?

The Hindu  

The story so far: After a positive start to goods exports in the first quarter of 2024-25, there has been a blip in momentum. On the exports front, 18 of India’s top 30 segments recorded growth in July and 19 in August, but the big-ticket sectors like petroleum, and gems and jewellery, have tanked significantly. While gems and jewellery exports …

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 …

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 …

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 …

India-UAE relations look beyond the diaspora
10 months, 1 week ago

India-UAE relations look beyond the diaspora

Hindustan Times  

To say that the Ahlan Modi event in Abu Dhabi on Tuesday was a grand event would be an understatement. The big shift that has taken place in recent years is that the relationship has become independent of domestic politics, and reflects the churn in global politics as well as transformations in West Asia. New Delhi sees Abu Dhabi as …

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, 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 …

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 …

‘Hope we can get it done’: Rishi Sunak on UK-India trade deal
1 year, 2 months ago

‘Hope we can get it done’: Rishi Sunak on UK-India trade deal

Live Mint  

British Prime Minister Rishi Sunak has reiterated his commitment to closer India-UK ties across different sectors, including a free trade agreement between the two countries. Addressing a reception by the diaspora group Conservative Friends of India on the sidelines of the ongoing Conservative Party conference in Manchester on Monday evening, the British Indian leader began by reflecting upon his “successful” …

’UK-India trade deal not a given…’: What Rishi Sunak said ahead of G20 Summit
1 year, 3 months ago

’UK-India trade deal not a given…’: What Rishi Sunak said ahead of G20 Summit

Live Mint  

British Prime Minister Rishi Sunak has indicated that the India-UK free trade agreement remains a work in progress. “We've been working towards an ambitious and comprehensive free trade deal, but it's not a given. “Both Modi ji and I are keen to see a comprehensive and ambitious trade deal concluded between our two countries. To be crystal clear, there are …

Sunak refuses India’s plea for visas in trade deal talks
1 year, 3 months ago

Sunak refuses India’s plea for visas in trade deal talks

The Telegraph  

The Prime Minister has refused to offer more work and student visas to India in order to secure a free trade deal with the country. Rishi Sunak flew to New Delhi on Thursday night for the G20 summit, where he will hold talks with Narendra Modi, the Indian prime minister, during his first visit to India since entering Downing Street. …

Confident of striking a modern, forward-looking free trade agreement: British PM Rishi Sunak on trade ties with India
1 year, 3 months ago

Confident of striking a modern, forward-looking free trade agreement: British PM Rishi Sunak on trade ties with India

The Hindu  

British Prime Minister Rishi Sunak on September 6 said there was “still some way to go” for a free trade pact with India to be finalised, but appeared confident that the final outcome will be a "forward-looking" and "modern" deal that would benefit both sides and facilitate shared ambition of doubling trade by 2030. In an exclusive interview to PTI, …

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, 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 …

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, 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 …

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, UK to hold negotiations on 'Free Trade Agreement' today; Will it benefit New Delhi? – India TV
2 years ago

India, UK to hold negotiations on 'Free Trade Agreement' today; Will it benefit New Delhi? – India TV

India TV News  

India-UK Free Trade Agreement: Nearly five months after their first meeting, India and the United Kingdom will again start negotiations on Free Trade Agreement on Monday. Notably, this will be the sixth round of meetings where UK's Trade Secretary Kemi Badenoch, who is currently in India, and her Indian counterpart Union Commerce Minister Piyush Goyal will hold a face-to-face meeting …

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," …

India, Gulf Council agree to resume negotiations on free trade agreement: Piyush Goyal
2 years ago

India, Gulf Council agree to resume negotiations on free trade agreement: Piyush Goyal

Hindustan Times  

India and the Gulf Cooperation Council have agreed to pursue a free trade agreement between the two regions and resume the negotiations, Commerce and Industry Minister Piyush Goyal said on Thursday. India's exports to the GCC member countries grew by 58.26 per cent to about USD 44 billion in 2021-22 against USD 27.8 billion in 2020-21, according to data from …

Economic Cooperation and Trade Agreement with Australia will significantly open up opportunities for Indian businesses: Piyush Goyal
2 years, 1 month ago

Economic Cooperation and Trade Agreement with Australia will significantly open up opportunities for Indian businesses: Piyush Goyal

The Hindu  

NEW DELHI The trade pact with Australia that was ratified by the Australian Parliament on November 22 will “significantly open up opportunities” for many Indian business sectors, said Commerce and Industry Minister Piyush Goyal on Tuesday. Speaking at a press conference, Mr. Goyal welcomed the bipartisan support extended by Australia to the Economic Cooperation and Trade Agreement that was signed …

Trade tumult: The Hindu Editorial on shrinking exports
2 years, 1 month ago

Trade tumult: The Hindu Editorial on shrinking exports

The Hindu  

For the first time since February 2021, India’s goods exports shrank this October, dropping 16.7% from last year to slip below $30 billion after a 20-month-streak above that mark. While the Government acknowledged forecasts of a slump in global shipments growth to just 1% in 2023, it attributed the October trade blip to a seasonal Deepavali effect — production dips …

India, GCC group to launch free trade pact negotiations on Nov 24
2 years, 1 month ago

India, GCC group to launch free trade pact negotiations on Nov 24

Deccan Chronicle  

New Delhi: India and the Gulf Cooperation Council are expected to launch negotiations for a free trade agreement on November 24 with an aim to boost economic ties between the two regions, an official said. India imports predominately crude oil and natural gas from the Gulf nations like Saudi Arabia and Qatar, and exports pearls, precious and semi-precious stones; metals; …

Free Trade Agreement with India offers hope to UK as economy shrinks and inflation rises
2 years, 1 month ago

Free Trade Agreement with India offers hope to UK as economy shrinks and inflation rises

Firstpost  

Economic experts agree on the massive scale of the challenge, even as they hold out the prospect of a free trade agreement with India as a potential generator of much-needed economic growth London: It has been anything but a smooth ride for the Rishi Sunak-led UK government, with the latest official data released this week reflecting a shrinking economy and …

World economies keen on signing Free Trade Agreements with India, says Union Commerce Minister Piyush Goyal
2 years, 1 month ago

World economies keen on signing Free Trade Agreements with India, says Union Commerce Minister Piyush Goyal

The Hindu  

Union Minister of Commerce and Industry Piyush Goyal on Friday asserted that many economies want to sign Free Trade Agreements with India to expand their trade relations and friendship to benefit from India’s larger market potential. “The economies in the world are looking for trade relations and FTAs with India to do more business as they believe that India’s potential …

Diwali Deadline Crossed, Can New PM Rishi Sunak Spread Christmas Cheer With Push to India-UK Trade Deal?
2 years, 1 month ago

Diwali Deadline Crossed, Can New PM Rishi Sunak Spread Christmas Cheer With Push to India-UK Trade Deal?

News 18  

This Diwali was extra special for India. Joyous after defeating arch-rival Pakistan in the first match of the ICC Cricket T20 World Cup, India added yet another feather in its cap as Rishi Sunak was elected UK’s prime minister, replacing the humiliated Liz Truss. India’s main exports to the UK include ready-made garments and textiles, gems and jewellery, engineering goods, …

India-U.K. trade pact talks moving in right direction: Commerce Secretary
2 years, 2 months ago

India-U.K. trade pact talks moving in right direction: Commerce Secretary

The Hindu  

Negotiations for the proposed trade pact between India and the United Kingdom are moving in the right direction, and both sides are expected to reach an agreement soon, a top government official said on Thursday, October 20, 2022. In January, both countries formally launched talks for a free trade agreement to boost bilateral trade and investments. In such pacts, two …

Explained: The India-UK trade deal and why it is on the ‘verge of collapse’
2 years, 2 months ago

Explained: The India-UK trade deal and why it is on the ‘verge of collapse’

Firstpost  

The deal, India’s biggest and most ambitious free trade agreement, is in trouble after home secretary Suella Braverman made comments about ‘visa overstayers’ that incensed Indian officials and some in her own government The much-anticipated India-UK trade deal is apparently on the verge of collapse. Trade secretary Kemi Badenoch seemed to lay the groundwork for this last week, when she …

India would be happy to discuss trade pact with US: Piyush Goyal
2 years, 3 months ago

India would be happy to discuss trade pact with US: Piyush Goyal

India TV News  

Highlights During the Trump administration India and US had discussed a mini-trade deal to boost economic ties. Piyush Goyal said talks for a trade deal are progressing with Canada and European Union as well. India would be "happy and willing" to negotiate a trade pact with the US, provided America decides to look for a new free trade partner, Commerce …

Hopeful for conclusion of India-UK free trade agreement by Diwali: Piyush Goyal
2 years, 6 months ago

Hopeful for conclusion of India-UK free trade agreement by Diwali: Piyush Goyal

Firstpost  

The minister for commerce and industry and textiles said that the government is moving ahead on free trade pacts with Canada, European Union and the UK New Delhi: Union Minister Piyush Goyal has expressed hope that the free trade agreement between India and the United Kingdom will be concluded by Diwali. The minister for commerce and industry and textiles said …

UK, India agree to step up defence, trade cooperation
2 years, 8 months ago

UK, India agree to step up defence, trade cooperation

Al Jazeera  

Modi holds talks with Johnson on the British PM’s first visit to New Delhi since taking office in 2019. On his first visit to the Indian capital since taking office in 2019, Johnson held talks with his Indian counterpart, Narendra Modi, on ways to boost security ties between London and New Delhi, which buys more than half of its military …

Turning to trade winds: The Hindu Editorial on India-UAE Comprehensive Economic Partnership Agreement
2 years, 10 months ago

Turning to trade winds: The Hindu Editorial on India-UAE Comprehensive Economic Partnership Agreement

The Hindu  

A little over two years after it turned its back at the last minute on a major multilateral trade agreement it had spent years negotiating, India last week announced the signing of a Comprehensive Economic Partnership Agreement with the United Arab Emirates. The free trade pact is a tacit acknowledgment that India needs to strengthen its trade ties with existing …

What explains India's high import traiffs
2 years, 10 months ago

What explains India's high import traiffs

Live Mint  

Decoding India’s tariff and trade policy has become increasingly difficult for trade experts. Unlike them, India’s free-trade agreement partners like the Republic of Korea and Thailand also have fairly high average autonomous tariffs, compared to countries like Australia and New Zealand. Learnings from previous agreements: India’s comprehensive economic partnership agreement with ROK has been a key learning experience in the …

Ink India-Britain free trade, unlock new opportunity
2 years, 10 months ago

Ink India-Britain free trade, unlock new opportunity

The Hindu  

In May last year, Prime Ministers Narendra Modi and Boris Johnson announced their shared vision for a transformative decade for the India-United Kingdom partnership. Both governments have already taken action; for example, unlocking the export of British apples to India and enabling a greater number of Indian fisheries to export shrimp to the U.K. Small but meaningful steps by which …

India-UK Launch Negotiations For Free Trade Agreement
2 years, 11 months ago

India-UK Launch Negotiations For Free Trade Agreement

ABP News  

New Delhi: India and the United Kingdom launched negotiations on an ambitious Free Trade Agreement on Thursday, at the 15th India-UK Joint Economic and Trade Committee. Deliberated on enhanced market access, greater multilateral cooperation & full support to ongoing FTA negotiations between 🇮🇳 & 🇬🇧" Held a productive discussion with Secretary of State for International Trade @AnnieTrev at the India-UK …

UK launches free trade agreement negotiations with India
2 years, 11 months ago

UK launches free trade agreement negotiations with India

India Today  

The UK government on Thursday, January 13, 2022, announced the launch of free trade agreement negotiations with India, describing it as a "golden opportunity" to put British businesses at the "front of the queue" of the Indian economy. As we take our historic partnership with India to the next level, the UK's independent trade policy is creating jobs, increasing wages …

India working on FTAs with UAE, five others: Goyal
3 years ago

India working on FTAs with UAE, five others: Goyal

Hindustan Times  

India is working on at least six free trade agreements, including one with the United Arab Emirates that can create a gateway for Indian trade to the Middle East and Africa and New Delhi may set up a huge India Mart in Dubai to tap that market, commerce minister Piyush Goyal said on Friday. Speaking at the annual convention of …

Amazon 'East India Company': Economic Nationalism Under Modi Is Out of Control
3 years, 3 months ago

Amazon 'East India Company': Economic Nationalism Under Modi Is Out of Control

The Quint  

After attacking Infosys recently, Panchjanya, an RSS-linked magazine, has now targeted Amazon, calling it the "second generation" of the East India Company and accusing it of corrupt practices. Prime Minister Narendra Modi had backed off from the RCEP — a retreat that ex-Foreign Secretary Shyam Saran called a “short-sighted move” that “left India out in the cold” — because of …

India, U.S. discuss ways to increase trade
3 years, 4 months ago

India, U.S. discuss ways to increase trade

The Hindu  

A day after Commerce and Industry Minister Piyush Goyal said that hopes of an India-U.S. trade pact are off the table for now, U.S. Chargé D’affaires in India Atul Keshap, spoke to the Indian Minister for over two hours, discussing trade between the two countries. Meanwhile, Mr. Goyal, while speaking at an industry event in Mumbai on Thursday, had said …

India, UK eye interim pact to help clinch major trade deal
3 years, 6 months ago

India, UK eye interim pact to help clinch major trade deal

Live Mint  

India and the UK are intensifying talks to remove non-tariff barriers and foster greater market access as they work to stitch together the South Asian nation’s first major free trade pact in a decade. The two countries have zeroed in on a list of achievable items that would help the UK showcase the benefits of leaving the European Union while …

Businesses eyeing fresh trade agreement between India and UK, says UKIBC
3 years, 7 months ago

Businesses eyeing fresh trade agreement between India and UK, says UKIBC

Business Standard  

Businesses eyeing fresh trade agreement between India and UK, says UKIBC The UKIBC said it expected to see a step-change in the volume and nature of the trade and investment relationship between the two countries Premium The statement comes a day ahead of a virtual meeting between Prime Minister Narendra Modi and his UK counterpart Boris Johnson Shreya Nandi New …

India signals readiness for restarting trade with Pak
3 years, 8 months ago

India signals readiness for restarting trade with Pak

Live Mint  

Amid signs of bonhomie, India on Wednesday signalled that it is ready to resume trade with Pakistan, which the latter had unilaterally stopped almost two years ago. Pakistan unilaterally suspended bilateral trade with India in August 2019. India also suspended cross-LoC trade in April 2019 on receiving reports that these routes were being misused by Pakistan-based elements for funnelling illegal …

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