BUSINESS
Breakthrough in sight, India-US may agree to mini-trade deal as early as this weekend
The two countries have been in talks for more than five days with an Indian team led by commerce ministry’s special secretary Rajesh Agarwal extending its Washington stay
BUSINESS
Indian farmer gets the ‘final vote’ on trade deal with US
The US wants greater access for its GM crops, something which India is unlikely to yield as trade negotiations enter the final lap
BUSINESS
India, US inch closer to mini trade deal as talks enter day 5 to bridge gaps
While India is keen on securing a deal with the US before July 9, officials are still ironing out differences over New Delhi's demand for significant tariff cuts on its labour-intensive exports, and America's push for more access for its farm and dairy goods.
BUSINESS
US unlikely to grant India tariff relief on steel, autos in mini-deal
The first tranche of the Bilateral Trade Agreement (BTA), expected to be agreed upon by autumn, could look into these sectoral tariffs
BUSINESS
India, US mini trade deal talks hit stalemate over agri, dairy, GM crops
To be sure, India is still trying to get a deal before reciprocal tariffs kick in, however negotiators are looking to strike a more balanced trade agreement.
BUSINESS
India eyes Vietnam, Indonesia, Philippines to give a boost to basmati exports
India exported basmati worth $5.9 billion in 2024-25, a growth of only 1.73% from the previous year and significantly lower than the 22.05% rise in FY24
BUSINESS
A balanced India-US mini deal may hinge on last-minute breakthroughs
With less than a fortnight left for President Trump’s reciprocal tariffs to kick in, a team of Indian negotiators landed in the United States on June 26. While India is keen to clinch a mini deal before July 9, officials are getting increasingly wary of a rushed agreement that may lead to disproportionate gains for the US.
BUSINESS
Crypto paper may flag tech benefits but will stop short of firm regulatory view
The first draft of the discussion paper, expected to be out in July, will likely outline the technological benefits of certain cryptos such as stablecoins, without taking a stand on regulation, given the RBI's resistance to this asset class
BUSINESS
India may seek extension on US reciprocal tariff deadline amid differences over mini deal contours
While India and the US are still looking to broker a mini deal before July 9, sources indicated that even if New Delhi misses the deadline, it won’t be at much of a disadvantage compared to other nations.
BUSINESS
India-ASEAN FTA review sees little progress
The deal, which came into effect in 2010, has been criticised by the current government for not adequately addressing the trade imbalance, with imports from ASEAN nations growing faster than India's exports to the region.
BUSINESS
Alternatives to Strait of Hormuz may raise cost and time for shipment of goods: Govt source
BUSINESS
Win-win India-US deal greater priority than July 9 deadline, says official
India is prioritising protecting its sensitive sectors such as agriculture and dairy over striking a mini deal with the United States.
BUSINESS
Trump's air strikes on Iran may put India’s $40 billion trade at risk
India’s bilateral trade with the “other West Asia” countries that comprises Iran, Iraq Israel, Jordan, Lebanon, Syria and Yemen stood at $41.8 billion in FY25.
BUSINESS
Iran-Israel conflict: India asks shipping firms to keep a lookout for alternate routes
According to sources, specifically, Indian exports to Europe, US and to a certain extent to South America may get impacted if the flow of goods through the Strait of Hormuz is disrupted or if Iran implements its repeated threat of closing the route.
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.
