




Goyal said the goal of becoming a developed nation by 2047 is “only a medium-term target” and not a goal in itself
Goyal reiterated India’s strategic approach of integrating with global economies while ensuring that domestic industries remain competitive.
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."
Piyush Goyal, Peter Kyle reaffirmed their shared ambition to double bilateral trade by 2030, leveraging the complementarities between the two economies in areas such as advanced manufacturing, digital trade, clean energy, and services.
The minister said that Indian businesses should seriously consider such guaranteed financing for partnering with Qataris, business persons in third countries.
Goyal said that every possibility exists, but with the US government currently in shutdown mode, it remains to be seen how, where, and when the next round of talks can take place.
India is exploring an FTA with Qatar to secure alternative export markets and cushion its exporters from rising tariff pressures in the US.
While the EU is seeking greater market access in automobiles and agriculture products, India wants relaxations in the carbon tax on imports of steel, aluminium, cement and fertiliser which kicks in from January
Goyal-led trade delegation was on a visit to the US from September 22-24
Signs of easing tensions have emerged, with both New Delhi and Washington reaffirming their ‘natural partnership’ and commitment to continued trade and energy collaboration
Commerce minister Piyush Goyal is visiting US to meet his counterparts after President Donald Trump imposed 50% tariffs on Indian exports last month
The exercise will help assess existing logistics infrastructure, identify gaps, and provide a roadmap for improving efficiency and reducing costs, the Commerce and Industry Ministry said.
The delegation plans to take forward discussions with a view to achieve early conclusion of a mutually beneficial trade agreement, it said.
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).
India and the UAE are also aiming to double the bilateral trade in non-oil, non-precious metal categories to $100 billion over the next 3-4 years.
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.
The new GST rates on vehicles will become effective from September 22, the first day of the nine-day Navaratri festival.
The minister said India wants to work with countries where both parties can have 'a win-win deal' and not a one-sided agreement
The minister said the industry did not realise that the steel firms will be at the mercy of foreign companies if they don’t buy from Indian met coke suppliers
India is seeking some flexibility in the EU's Carbon Border Adjustment Mechanism (CBAM) which comes into effect from January 1 next year. Meanwhile, it is also mulling a domestic carbon tax to offset CBAM and retain revenue within the country.