INDIA
India’s China Plus One edge may fade as Trump, Xi hit pause on tariffs
Experts suggest that the shift in the US-China ties may also make it tougher for Indian negotiators to wrangle concessions through the proposed trade deal with America
BUSINESS
No trade with terror, says PM Modi as India permanently breaks commercial ties with Pakistan
This is different compared to the last time India and Pakistan suspended trade ties in the aftermath of the Pulwama attack in 2019.
BUSINESS
Trump’s ceasefire post hints at faster India trade deal, sweeteners for Pakistan
While some believe Trump’s post praising both India and Pakistan indicates that the US views New Delhi on par with Islamabad, others disagree, citing the vast economic difference between the two neighbours.
BUSINESS
Britain’s insurance break for Indian workers logical, neutral on immigration, says UKIBC’s chair Heald
In an interview to Moneycontrol, UK-India Business Council's chair Richard Heald also talks about the FTA, his country's trade deal with the US and what lies ahead for the global trade amid American tariffs
BUSINESS
India-New Zealand FTA: Next round of talks in July, aim to conclude negotiations by year-end
"Constructive negotiations were held across all areas of FTA including Trade in Goods and Services, Trade Facilitation and mutually beneficial sectors of economic co-operation. This engagement highlights the strategic importance both partners attach to building a mutually beneficial, balanced and a fair trade agreement," the commerce ministry said in a statement on May 9.
BUSINESS
India-US talks for bilateral trade accord set to resume later this month
India aims to fast-track an initial, scaled-down version of the trade agreement with the US within 45 days
BUSINESS
India, EFTA trade deal likely to be operational by September
While, the trade and investment deal between India and EFTA nations was inked on March 10, 2024, it is yet to be implemented given lengthy ratification processes.
BUSINESS
India-UK FTA: India reserves the right to retaliate if UK introduces CBAM, say govt sources
CBAM won’t restrict market access to Indian industries. Besides, some mechanism of being taxed in India before the goods are exported to the UK could also be considered to avoid CBAM, a government official said.
BUSINESS
India-UK FTA: Text to be finalised by 3 months paving way for deal signing
However, given Britain's ratification process the deal may take over a year to become operational, officials said.
BUSINESS
Tariff cuts on UK’s whiskies may serve as template for the proposed India-EU FTA
The EU has been pushing India for greater access for their wines, which currently face a 150 percent tariff. Through the FTA with UK, India has agreed to halve duties on whiskies to 75 percent, which will be lowered to 40 percent in 10 years.
BUSINESS
India-UK FTA: Piyush Goyal may meet exporters on May 8 to share pact details
Exporters are likely to seek clarity on the tariff cuts offered by India, especially on automobiles and inclusion of electric vehicles
BUSINESS
Dairy, apples, cheese kept out of India-UK FTA
India's dairy sector remains protected from duty concessions in FTAs due to its sensitivity involving small farmers. Recent agreements with Switzerland, Norway, and Australia too excluded this sector.
BUSINESS
From Johnson to Starmer, India-UK agree on FTA after nearly 40 months of talks
Initially, both sides set a deadline of Diwali 2022, however due to contentious issues ranging from rules of origin, London’s demand for tariff concessions on electric vehicles, and norms about services, a trade deal wasn’t secured by then.
BUSINESS
FTA with UK to benefit Indian textiles, leather, toys, gems and jewellery
The FTA with UK is expected to boost exports of labour and technology intensive sectors such as textiles, marine products, leather, footwear, sports goods and toys, gems and jewellery.
BUSINESS
India, UK successfully conclude 'ambitious and mutually beneficial' Free Trade Agreement
The UK began free trade talks with India in January 2022, viewing the deal as one of Brexit’s most valuable opportunities.
BUSINESS
India should lower tariffs for all major trading partners via FTAs, says Montek Singh Ahluwalia
“Our tariffs are indeed too high for our own good and I have long argued we should lower them quite independent of the recent US pressure,” the former Deputy Chairman of Planning Commission told Moneycontrol in an interview.
BUSINESS
US unlikely to budge as India lobbies for sectoral tariff exemptions on steel, aluminium
Requests to exempt India from the 25-percent tariff on US imports, specifically on steel and aluminium was likely raised when India’s Department of Commerce and the US Trade Representative’s Office held extensive discussions between April 23 and April 25 in Washington.
BUSINESS
Equal focus on tariff and non-tariff barriers in trade talks with EU: Piyush Goyal
European commissioner for trade and economic security Maros Sefcovic said India-EU trade talks are on the right track and that they are making a “solid headway” towards a balanced and mutually beneficial deal.
BUSINESS
India's trade deal with US may take at least 6 months, missing 90-day tariff pause window
While New Delhi has been agreeable to most of the US’s demands as part of the proposed BTA, America’s wish list on tariff cuts centres around India’s sensitive agriculture sector. This could make it more difficult to wrap up talks for the BTA quickly.
BUSINESS
India-US bet on mutual wins as in-person sectoral BTA talks to begin May-end
India-US Bilateral Trade Agreement: During the Washington meetings, both sides engaged in constructive dialogue on a broad spectrum of issues, including tariff-related and non-tariff barriers.
BUSINESS
India's trade deals with UK, EU in spotlight as Goyal embarks on key visit
Currently in London for two days, Goyal, in his first engagement, held a meeting with the UK Secretary of State for Business and Trade Jonathan Reynolds to advance FTA negotiations
BUSINESS
Centre mulls tightening capex loan scheme as many states prioritise freebies over infra spend
While states like Andhra Pradesh, Rajasthan, Bihar, Jharkhand, Madhya Pradesh, Himachal Pradesh, West Bengal, among others, have largely relied on loans from the Centre to spend on infrastructure, the finance ministry is particularly concerned about the impact of capex assistance on the debt levels of smaller states.
BUSINESS
Indian exports have little to lose from Pakistan's decision to snap trade ties, say experts
Pakistan on April 24 suspended trade with India, including exchange of goods via third countries, after New Delhi put the Indus Waters Treaty in abeyance along with a string of measures following the Pahalgam attack
BUSINESS
Seeking greater access for Indian steel through FTAs, says Piyush Goyal
India is negotiating trade agreements with a several countries, including United Kingdom, the United States, and New Zealand, and the EU
