The first round of negotiations for the India-Israel FTA commenced in New Delhi on Monday and is scheduled to take place until February 26
Goyal said PM Modi has placed big focus on 'quality consciousness' to make Indian products globally recognisable
India and the European Union announced the conclusion of negotiations for the FTA on February 27.
Prime Minister Narendra Modi also said the free trade agreement (FTA) reached with the European Union recently would benefit Indian manufacturers, including those in Punjab, in exporting their products.
The European Union is the largest market for India’s footwear and leather sectors, accounting for 43 per cent of exports, Council for Leather Exports Executive Director R Selvam said.
The EAC-PM Chairman called the India-EU FTA a great opportunity for both parties. "India will benefit with this. Exports in many labor intensive commodities, like textiles, gems and jewelry and auto parts will benefit."
These provisions will help India in dealing with challenges arising from EU's regulations in the future and protect FTA benefits.
India, and the EU announced the conclusion of talks for a trade deal on January 27 after nearly two decades of negotiations.
Auto components and emerging electric-vehicle components, a key industry in terms of employment generation in India, are projected to experience faster growth, in the range of 10–15% annually, according to PHDCCI
Duties on passenger cars will progressively fall from 110% to 10%, while tariffs on auto components will be fully removed within five to ten years.
As a long-pending free trade agreement heads for signature, years of negotiations show where New Delhi and Brussels held their ground — and what each side hopes to gain.
Commerce and Industry Minister Piyush Goyal will hold discussions with European Union Commissioner for Trade and Economic Security Maros Sefcovic during a two-day official visit.
The India-Oman CEPA raises intra-company transferee quota from 20% to 50%, allows contractual service suppliers to stay up to two years with a possible two-year extension in Oman, and liberalises visas for business visitors and professionals across services sectors.
The India-Oman trade agreement is expected to provide a framework for expanding trade, investment and sectoral cooperation as India seeks to deepen its economic presence in the Gulf.
During their discussions, Goyal and Šefčovič carried out detailed deliberations across key areas of the proposed agreement
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