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 Pharma, Dr Reddy’s, Aurobindo, Lupin, and Cipla already have a presence in Australia and their representatives will also join the outgoing delegation to further boost the business relationships. FTA will also provide duty-free access to the Australian market for over 6,000 broad sectors of India, including textiles, leather, furniture, jewellery and machinery apart from pharma.

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History of this topic

India-UK FTA talks likely to resume in April-June to resolve pending issues
1 week, 1 day ago

India-UK FTA talks likely to resume in April-June to resolve pending issues

Live Mint  

New Delhi: India and the UK are expected to restart talks on their proposed free trade agreement between April and June, the first quarter of the UK’s fiscal year, two people aware of the matter said. However, with the change in leadership in the UK, it is not yet certain that the 14th round of talks, which began in January, …

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 …

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 …

India signs free trade pact with 4 European countries
9 months, 2 weeks 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 …

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 …

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 …

EFTA looking at reduction in trade barriers on pharma, Swiss chocolate, fish in proposed pact with India
1 year, 3 months ago

EFTA looking at reduction in trade barriers on pharma, Swiss chocolate, fish in proposed pact with India

The Hindu  

Four-nation bloc EFTA is looking at significant reduction in trade barriers on sectors such as machine tools, advanced chemicals, pharma, chocolates, Norwegian and Icelandic fish in the proposed free trade agreement with India, a Swiss minister said. Swiss State Secretary for Economic Affairs Helene Budliger Artieda also said that with India, the EFTA grouping is aiming for an ambitious and …

India rejects extending drug patents in EU, UK trade talks
1 year, 6 months ago

India rejects extending drug patents in EU, UK trade talks

Live Mint  

New Delhi: India is unlikely to budge from its opposition to the provisions on regulatory data protection and patent extension in free trade talks with the EU and the UK, it has told its negotiating partners, in a move aimed at protecting its generic drug industry and healthcare schemes. New Delhi’s stand has been “firmly communicated", said a person aware …

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 …

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, 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 …

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 …

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 …

What India gains from FTA with Australia
2 years, 1 month ago

What India gains from FTA with Australia

Live Mint  

After 10 years of negotiations, India and Australia have finally agreed an interim free trade deal. Export council Pharmexcil’s Director General Ravi Uday Bhaskar said India has the highest number of USFDA-approved sites and other stringent regulatory agencies approvals too — which will yield results once ECTA comes into effect. FIEO also expects India’s share in Australia’s US$ 13 billion …

India-Australia FTA: A Great Deal Has Been Achieved, Says NITI Aayog's Vice-Chairman
2 years, 1 month ago

India-Australia FTA: A Great Deal Has Been Achieved, Says NITI Aayog's Vice-Chairman

ABP News  

After the Australian Parliament passed a bilateral free trade agreement with India on Tuesday, Vice-chairman of NITI Aayog Suman Bery on Wednesday hailed the agreement between the two countries. According to a tweet by news agency ANI, Bery on the India Australia Trade deal said, “A great deal has been achieved between India and Australia both in the terms of …

Trade pact a step closer as Australia parliament gives nod to India deal
2 years, 1 month ago

Trade pact a step closer as Australia parliament gives nod to India deal

Hindustan Times  

The India-Australia trade agreement is expected to be operational by early 2023 as both sides are expeditiously completing formalities – while New Delhi has sent the pact for Presidential assent, Australian Prime Minister Anthony Albanese on Tuesday tweeted that it has “passed though” Australian parliament. The passage of legislation demonstrates Australia’s commitment to free trade and the rules-based trading system, …

Ind-Aus trade agreement will benefit IT, textile, pharma industries, says Piyush Goyal | 5 points
2 years, 1 month ago

Ind-Aus trade agreement will benefit IT, textile, pharma industries, says Piyush Goyal | 5 points

Hindustan Times  

After India-Australia landed a trade agreement Tuesday, Union minister Piyush Goyal, calling it a “landmark” moment for both nations, reflected on its implications at a press conference. Goyal highlighted the areas that would benefit from the deal as he underlined it being India’s first agreement of “such a kind with a developed country after a decade.” Commerce minister Piyush Goyal …

Australian PM Albanese announces free trade agreement with India
2 years, 1 month ago

Australian PM Albanese announces free trade agreement with India

Live Mint  

Australian Parliament has passed the country's Free trade Agreement with India today, Tuesday, announced Prime Minister Anthony Albanese on his official Twitter handle. Once implemented, the trade agreement will provide duty-free access to the Australian market for over 6,000 broad sectors of India, including textiles, leather, furniture, jewellery and machinery, PTI reported. Addressing the presser on Wednesday, Albanese said, “I …

India, Australia winemakers step up alliance ahead of FTA
2 years, 5 months ago

India, Australia winemakers step up alliance ahead of FTA

Live Mint  

Indian winemakers have accelerated partnerships with Australian wineries in areas such as disease management, planting imported grape vines and ensuring smoother customs clearances at Indian ports. Though the interim free trade agreement signed in April is yet to be ratified; at a virtual meeting last month, industry representatives from both countries agreed to help lower the cost of growing grapes …

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 …

Hopeful for conclusion of India-U.K. free trade agreement by Diwali, says Piyush Goyal
2 years, 6 months ago

Hopeful for conclusion of India-U.K. free trade agreement by Diwali, says Piyush Goyal

The Hindu  

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 that the government is moving ahead on free trade pacts with Canada, European Union and the U.K. Moreover, Mr. Goyal informed that Australia, Israel and the Gulf Cooperation …

Explained: What makes India and Australia's free-trade deal, 11 years in the making, historic
2 years, 8 months ago

Explained: What makes India and Australia's free-trade deal, 11 years in the making, historic

Firstpost  

The Australia-India Economic Cooperation and Trade Agreement will offer zero duty access to India for about 96.4 per cent of exports, among other benefits. Both governments opine that this deal will boost bilateral trade to $45-50 billion over five years After 11 years, India and Australia have signed a historic trade deal — the Australia-India Economic Cooperation and Trade Agreement. …

The India-Australia trade agreement
2 years, 8 months ago

The India-Australia trade agreement

The Hindu  

The story so far: On April 2, India and Australia signed an Economic Cooperation and Trade Agreement. The landmark bilateral trade pact is the second trade agreement India has signed this year after inking a similar deal with the United Arab Emirates in February. The Indian side said Australia will provide ‘preferential access’ to “all the labour-intensive sectors” of export …

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 …

India, Australia sign trade pact to boost ties, PM Modi says 'watershed moment'
2 years, 8 months ago

India, Australia sign trade pact to boost ties, PM Modi says 'watershed moment'

India Today  

India and Australia on Saturday signed an economic cooperation and trade agreement under which Canberra would provide duty-free access in its market for over 95 per cent of Indian goods such as textiles, leather, jewellery and sports products. The India-Australia Economic Cooperation and Trade Agreement was inked by Commerce and Industry Minister Piyush Goyal and Australian Minister for Trade, Tourism …

India, Australia ink trade pact, Modi calls it 'historic moment'
2 years, 8 months ago

India, Australia ink trade pact, Modi calls it 'historic moment'

Deccan Chronicle  

New Delhi: India and its Quad partner Australia inked a historic Free Trade Agreement on Saturday called the “India-Australia Economic Cooperation and Trade Agreement" that was signed by commerce and industry minister Piyush Goyal and Australian trade minister Dan Tehan at a virtual ceremony in the presence of Prime Minister Narendra Modi and his Australian counterpart Scott Morrison. This agreement …

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 …

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