According to senior government officials in Bahrain, the two sides can conclude an FTA, or a bilateral treaty in next two years
Trade deficit widens as electronic goods and metals drive Southeast Asia inflows
Speaking to business delegates in Mumbai, British PM Keir Starmer said he wants the India-UK free trade agreement (FTA) implemented “as soon as humanly possible."
The commerce minister also stated that a trade deal with Qatar could be finalised by mid next year or the third quarter of 2026
India is exploring an FTA with Qatar to secure alternative export markets and cushion its exporters from rising tariff pressures in the US.
Under this pact, India is set to receive $100 billion in investment over the next 15 years
India’s trade pact with Switzerland, Iceland, Norway and Liechtenstein will make Swiss chocolates, watches and apparels cheaper in the country. At the same time, Indian exporters hit by Trump tariffs get a new lease of life as a range of products including tea, coffee, textiles, marine products, leather, gems, and engineering goods get better market access in these four countries.
India expects the FTA to secure tariff concessions for labour-intensive goods such as textiles, gems and jewellery, agricultural produce, and engineering products
India's offer to the EU will be on similar lines to the one sealed between India and the United Kingdom (UK), subject to further negotiations, said a government official privy to the matter.
Increased market access and fewer non-tariff barriers are on the agenda as week-long talks begin in New Delhi. The two sides are looking to seal the deal by year-end
The two sides have already concluded negotiations on 11 chapters.
The Indian government is exploring markets in West Asia and Europe for its labour-intensive products to cushion the impact of the steep tariffs imposed by the US.
India and the UK have signed a landmark Free Trade Agreement, slashing tariffs and unlocking massive export potential. From whisky and cars to agriculture and textiles — here’s how the historic FTA will impact trade, tech, and talent.
The two Prime Ministers also launched 'Vision 2035' to form partnerships in defence, education, technology and people to people relations.
The pact, officially called as comprehensive economic and trade agreement, will be signed during Prime Minister Narendra Modi's visit to London
Prime Minister Narendra Modi on June 16 reiterated India’s commitment to finalising the long-awaited FTA with the EU by the end of 2025
While India may lose out in some pockets, but in general, we stand to benefit with lesser tariff in most products, said Sivaram. "…if we were to do that and more US orders were to come to India, over the next three to five years, I think we could benefit a lot."
India and the UK are also going to collaborate on round-the-clock power supply technologies, industrial decarbonisation, and offshore wind supply chains and financing models, senior government officials told Moneycontrol.
While the cross-border strikes marked a bold response to terrorism, market strategists say India’s trade relationships remain secure.
The decision is likely to ensure savings of around 20 percent in the salaries of Indian workers in the UK, as per estimates of the Ministry of Commerce. It is expected to benefit more than 60,000 employees from IT sector alone. Besides, it will give a Rs.4000 crore competitiveness boost to Indian companies in the UK.
The FTA also included the Double Contribution Convention, which exempts Indian workers on temporary visas in the UK from paying social security contributions for a period of three years. This is expected to save nearly 20% of the salaries of these workers -- directly impacting over 60,000 IT employees.
Under the deal, duties on gin and imported whiskey will be slashed to 75 percent.
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.
The India-New Zealand FTA negotiations aim to achieve balanced outcomes that enhance supply chain integration and improve market access
A trade deal would give UK businesses better access to its burgeoning market of middle-class consumers, projected to grow to over a quarter of a billion consumers by 2050, notes the DBT