BUSINESS
India may cut tariff on kiwi fruit from New Zealand
The two countries are hoping to finalise a trade deal by the end of 2025
BUSINESS
Talks for FTA with New Zealand may conclude in 3-4 months, says Piyush Goyal
India expects to also soon close talks for a pact with a "second Gulf nation" and is in active dialogue with the EU and the US for trade agreements, Goyal added.
BUSINESS
'B team of China': Piyush Goyal calls trade deal with ASEAN a 'silly' move
Criticising the previous government's move to sign a trade deal with ASEAN, commerce minister Piyush Goyal said that the current regime was therefore focussing on brokering pacts with developed economies who complement rather than compete with India.
BUSINESS
Unfair to call insurance break for Indian workers in UK a 'give away': Piyush Goyal
British Trade Secretary Jonathan Reynolds and India's Commerce Minister Piyush Goyal on June 18 defended the move to exempt Indian workers from national insurance contributions for up to three years in response to opposition over this step in certain quarters in the United Kingdom.
BUSINESS
India-US trade agreement: Any deal has to be a win-win for both parties, says Piyush Goyal
India and the US are holding talks to seal a scaled-down version of the BTA before Trump’s country-specific reciprocal tariff of 16 percent on New Delhi is levied.
BUSINESS
India-UK FTA may not be operational in the next few months, says Piyush Goyal
On the India-UK Bilateral Investment Treaty (BIT), currently being negotiated, Goyal said he is optimistic about a conclusion soon given that there are no sticking points.
BUSINESS
Beyond tariffs: India looks to better safety standards to ship more fruits to US
India wants to secure greater market access for fruits such as grapes, bananas and pomegranates to the United States as the two countries aim to increase bilateral trade between them
BUSINESS
Tariffs lower than MFN rates of US look difficult for India in the mini trade deal
The mini deal, or a scaled-down version of the first tranche of the Bilateral Trade Agreement (BTA) between India and US, may only focus on securing exemptions from the 26 percent reciprocal tariffs expected to kick in after July 8, along with sectoral levies.
BUSINESS
Govt striving to resolve China’s rare earth import issue for India: Commerce Secretary
'IIndia's diplomatic and commercial communication should yield a positive result on import of rare earth magnets from China,' said commerce secretary Sunil Barthwal.
BUSINESS
Iran-Israel Conflict: Centre to meet shipping stakeholders to assess impact on trade
Nearly two-thirds of India's crude oil and half of the LNG imports pass through the Strait of Hormuz, a narrow waterway which could be at risk in the ongoing Israel-Iran war.
BUSINESS
Hopeful of concluding early tranche of India-US deal before July 9, says commerce secy
For the trade deal with the UK, the process of legal vetting is on and is expected to be completed within three months since the closure of negotiations
BUSINESS
Trade deficit narrows to $21.88 billion in May, shows Commerce Ministry data
On a year-on-year basis, the trade gap in goods in the previous month shrunk versus $22.09 billion in May 2024.
BUSINESS
India-US trade deal faces hurdle as differences over apple and GM crops emerge
From market access for genetically-modified crops to tariff cuts on apples, America's demands on farm produce are making trade talks with India increasingly complex.
BUSINESS
India's CPI to CAD in safe zone till Iran-Israel conflict remains contained, say experts
While oil prices are rising in reaction to the escalating conflict between Israel and Iran, for India - a net importer of crude - the key to any macroeconomic fallout depends on how much the current skirmish expends across the middle east.
BUSINESS
India seeks a sweeter trade deal with US for gherkins and natural honey
Export of gherkins and cucumbers to US may be badly hit if President Trump’s country-specific reciprocal levies kick in from next month. Indian officials are seeking concessions for these farm produces, along with natural honey.
BUSINESS
India better placed compared to others as trade deals with US, EU happening soon, says Piyush Goyal
Given that India may sign a bunch of key trade deals soon, any turbulence in the rest of the world will hurt India relatively less because the country has a big runway of growth ahead, Goyal said while addressing Swiss businesses in Bern.
BUSINESS
India can extend EV concessions to Chinese firms that pass stricter FDI test, says official
The comments come amid speculation that India may go slow on approving investments from China following its role in aiding Pakistan during the recent military conflict with India
BUSINESS
India’s July 8 deadline for 'mini-deal' may face hurdles after US doubles metal tariffs
Local industry bodies asked the government to secure an exemption from higher levies on steel and aluminium through the trade deal but Trump's decision to double the taxes will likely prolong negotiations
BUSINESS
Delhi deploys Down Under playbook to dodge looming Trump tariffs
New Delhi is aiming to finalise trade deals with the US and EU in tranches in a bid to expedite matters and escape the impending steep tariffs.
BUSINESS
India may grant tariff sops for smartphones from US, EU via FTAs
Tariff concessions on imports of US smartphones would help protect the sector from any unpredictable trade policies by President Donald Trump’s administration in the future, while with the EU, it will help settle a long-pending dispute at the WTO.
BUSINESS
Amid Trump’s diktat to Cook, India doubles down on push for Apple to boost iPhone local value addition
Government and industry sources told Moneycontrol that Apple has been working with both central and state authorities to expand local sourcing.
BUSINESS
Moving away from PLI, Centre mulls customised scheme for toys
The fresh plan for toys is likely be similar to the recently-unveiled Electronics Component Manufacturing Scheme (ECMS) that provides differentiated incentives linked to either turnover or capex, or both in certain cases.
BUSINESS
Sensitive sectors, stronger stance: India may stick to red lines in high-stakes US trade talks
India has so far offered zero-to-zero tariffs for industrial goods, while the rates on other items are still being negotiated given the government’s intent to protect sensitive sectors like dairy. Commerce Minister Piyush Goyal along with a team will be in US from May 17 for talks over the trade deal.
INDIA
India's value for money makes it a natural pick for the likes of Apple, says govt official
Trump on May 15 said in Doha that he spoke to Apple Inc. CEO Tim Cook and told him there’s no need to build factories in India
