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.
The thirteenth round of EU-India free trade agreement (FTA) negotiations took place in New Delhi during September 8-12, with two additional days of technical sessions on Rules of Origin held on September 13-14.
Faced with steeper US tariffs, the India-Oman FTA and additional deals with GCC nations could play a key role in diversifying Indian exports by reducing dependence on traditional buyers.
Oman is India’s third-largest export destination within the GCC. India already has a trade deal with another GCC member - the United Arab Emirates (UAE).
This follows the third round of talks, held from September 15 to 19 in Queenstown, New Zealand, after which several chapters were concluded and significant progress was achieved in other key domains.
Even as India and the EU aim to close talks for the trade deal by the end of the year, the bloc’s multi-stage ratification process means it would be some time before the agreement comes into effect
The EU, on the other hand, is seeking concessions for flagship exports such as wine and automobiles through the free trade agreement with India.
India and the European Union are maximising efforts to finalise the proposed trade deal by 2025-end, said Maroš Šefčovič, EU's Commissioner for Trade and Economic Security.
About 80 GW of the 100 GW target will be executed by NPCIL and NTPC through larger projects. The remaining 20 GW will be open to the private sector and mostly be executed through small module reactors, government officials have told Moneycontrol
The 13th round of talks for the proposed FTA between India and the EU has entered its fourth day, and is expected to continue until September 13. The bloc’s Trade Commissioner Maroš Šefčovič will join negotiations from September 12.
In February, India and EU decided to ramp up talks for a proposed free trade agreement and close it by the end of 2025 to tide over impending troubles from volatile trade policies.
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
This is crucial since negotiations to review the free trade deal between India and ASEAN had earlier made little headway despite nine rounds of talks. But, the 10th round that went on from August 10 to August 14 in New Delhi witnessed significant progress as the global environment becomes more uncertain.
SJM's Ashwani Mahajan said India is committed to buying defence equipment and crude oil at the cheapest price wherever it gets it from, to ensure domestic inflation is kept in check.
It will allow Indians to make payments in UK shops by scanning QR codes and also send money to children studying in the that country using UPI once the FTA is operational
While, the UK has agreed that India can take appropriate counter-balancing measures if it implements CBAM, this understanding isn't part of the Comprehensive Economic and Trade Agreement (CETA) signed on July 24
India has been able to exclude sensitive items such as dairy and apples from the trade deal with the UK, however this may not serve as a template for future FTAs.
While, the UK has agreed that India can take appropriate counter balancing measures if it implements CBAM, it isn't part of the FTA signed on July 24.
What did India gain from the India-UK FTA? Why the FTA could nudge the next phase of reforms for India. Watch Shweta Punj in conversation with Ajay Shrivastava, Founder, GTRI ( think tank on trade)
A range of Indian companies across textiles, auto, agri, pharma, and jewellery are poised to see export-led growth following the signing of the deal.
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.
Once the FTA is operational, UK companies will be treated as a class 2 supplier if at least 20 percent of their product or service is from Britain – granting them the same status that only Indian firms currently enjoy
New Delhi has also secured a quota of 1,800 a year for qualified, professional Indian traditional chefs, yoga instructors and classical musicians entering as contractual service suppliers