Trade Policy

Govt aims to secure Russian crude oil term deal by next financial year

Falling crude prices, shrinking global demand growth, and Rosneft's focus on India, make the timing right

Asia-Pacific credit volatility expected in 2025 amid slow growth: S&P

Forecasts on credit conditions become unstable as trade and foreign policy under Trump 2.0 administration remain unclear

Sensible trade policy key to tackling climate change on a global scale

A key agreement at Baku was on establishing high integrity carbon markets, following a breakthrough on establishing standards for a centralised international carbon market

India, EU FTA negotiation priority, both sides pushing for early deal: MEA

During their bilateral talks at the Laxmi Vilas Palace in Vadodara, PM Modi and Sanchez discussed a wide range of topics, including trade, defence, and technology collaboration

India ramped up Russia crude oil imports in June quarter: Govt data

Growth set to build on June qtr's $14.7 bn oil inflows amid competition from UAE, Iraq

Govt looking at revising FDI policy, says commerce secretary Barthwal

Currently, the share of FDI equity inflows is a mere 0.01 per cent of the total inflows

India flagged concerns with Russia over non-tariff barriers: Commerce secy

The trade between both countries expanded rapidly over the last two financial years

Non-tariff barriers: Centre readies steps to ease exporters' woes

Sets up panel, identifies challenges, to launch portal soon

Brics to look at expansion as Russia proposes to add 10 partner countries

Russia has made "developing modalities for interaction with Brics partner countries" one of its key priorities for the Kazan Summit

India eyes multiple mineral pacts with about a dozen countries in Africa

Private players will be invited to take part in exploration, trade within those countries

WTO pares down projected merchandise trade volume growth to 2.6% for FY24

India's merchandise exports in value terms are expected to contract by 1-1.5 per cent in 2023-24 after two consecutive years of growth

US names Brendan Lynch as assistant USTR for South and Central Asia

For the past 11 years, Lynch has been a member of the USTR team, serving in several capacities related to the South and Central Asia region

India limits market access in financial services to EFTA countries

The FTA text says the opening of branches by foreign banks in branch or wholly-owned subsidiary (WOS) mode shall also be subject to the requirements

India's trade pacts with EFTA positive signal of economic integration: GTRI

Successful conclusion of India's proposed trade agreements with the UK, Oman and four European nation bloc EFTA will reflect its commitment to trade liberalisation and economic integration at a time when the whole world is turning protectionist, according to a report. Economic think tank Global Trade Research Initiative (GTRI) said the free trade agreements (FTAs) have become pivotal instruments for India's economic expansion and integration into the world market. These nations and the bloc are eager to finalize these agreements before the upcoming general elections, GTRI said, adding the talks are on the verge of conclusion. Signing of these three agreements will take India's FTA tally from 13 to 16. Number of countries with comprehensive FTAs will go up from 22 to 28. In addition India has six small scope PTAs (preferential trade agreements). Last pact was signed with Australia in March 2022. "Everyone wants to do an FTA with India. The main reason for this is India's high impo

Rajasthan's trade bodies flag increasing production cost concerns

Industries, including firms in the micro, small and medium enterprise (MSME) sector, are finding it difficult to survive the competition due to higher costs compared to neighbouring states

Progress of India-UK trade pact talks reviewed at highest level: Report

With the negotiations for the proposed India-UK free trade agreement reaching an advanced stage, the Prime Minister's Office reviewed the progress of the talks on February 16, sources said. Commerce and Industry Minister Piyush Goyal and Commerce Secretary Sunil Barthwal were also present in the meeting, they said. "The talks for the agreement are at a crucial stage now. About three reviews have happened so far at the highest level," they said, adding both countries are working to iron out differences on the remaining issues. The commerce secretary recently stated that the negotiations were taking time because "we want" to safeguard India's interest. "India should commercially gain out of it and we should also be able to safeguard the interest of our farmers, PLI (production linked incentive) scheme goods. So, we are there to see that the deal is a fair deal," he said. So far 13 rounds of talks have been completed and the 14th round started on January 10. Some of the key issues .

India to seek greater market access for mangoes in TPF meet with US on Fri

India will raise a number of issues with the US such as inking social security pact, and greater market access for mangoes in America during the Trade Policy Forum (TPF) meet here on Friday, an official said. The official said India will also raise issues pertaining to delay in visa; increasing exports of table grapes, pharma goods, and marine products like wild caught fish and shrimp; reinstating the Generalized System of Preferences (GSP) status to India; and export control regulations for high-tech products and technologies. The 14th TPF meet will be co-chaired by US Trade Representative Katherine Tai and Commerce and Industry Minister Piyush Goyal here. Social security, or totalisation agreement, is a long-pending demand of the country, as it will provide social security to Indian professionals in America. This would eliminate dual social security deduction, both in the home country and in the nation where an employee works. Under this, an expatriate in either country need not

Rodtep, personal computer imports on table at India-US trade policy forum

Trade policy meet may also take up issues like GSP, non-tariff barriers

India-US forum to discuss import monitoring system for laptops, PCs

The US has sought clarification once again even as India cited national security concerns as a rationale behind its August 2023 decision

India-Russia trade exceeds $50 bn: EAM highlights progress in key sectors

During the meeting, Jaishankar conveyed Prime Minister Narendra Modi's personal greetings to President Putin