Page 8 - Trade Talks

Pursue trade deals, but focus equally on enhancing industry competitiveness

India retaliated against some ill-considered statements and actions by the Bangladesh government by closing its land borders for import of some goods from that country

Indonesian President, Chinese Premier discuss trade amid US trade war

Chinese Premier Li Qiang met with Indonesia's President Prabowo Subianto on Sunday to discuss ways to expand trade and investment during the US global trade war and as economic globalisation faces headwinds. Li arrived in Indonesia's capital, Jakarta, on Saturday afternoon for a three-day visit to Southeast Asia's largest economy. It was the first stop of his first overseas visit this year. Indonesia and China are member states of the Group 20 major developing countries and emerging economies and of BRICS. Li brought 60 Chinese prominent businesspeople for his address to the Indonesia-China Business Reception on Sunday evening. He emphasised in his remarks that China's economy has achieved rapid growth this year despite increasing external challenges. The current international situation is a stalemate, Li said at the event which was also attended by Subianto, Unilateralism and protectionism are on the rise, bullying behaviour is increasing. Li noted that this year marks the 70th .

India, EU push for early harvest trade pact amid ongoing FTA talks

Commerce and Industry Minister Piyush Goyal has met European Commissioner for Trade Maros Sefcovic in Brussels, their second meeting within a month, to discuss the proposed free trade agreement (FTA), currently under negotiation between the two regions. Goyal travelled to Brussels on May 23 from Washington, while India's chief negotiator L Satya Srinivas and his team are already at the EU headquarters for the FTA negotiations. The Indian minister held meetings with his EU counterpart earlier this month. "Delighted to welcome my friend and counterpart @PiyushGoyal. We continue to make progress. Let's maintain the momentum - with hard work, clear focus - and I look forward to our next meeting soon," Sefcovic said in a post on X. In response, Goyal, in a post on the social media platform, said, "We remain committed to the shared prosperity of India and the EU. Let us keep this pace going!". These deliberations assume significance as India and the 27-nation European Union are looking

Christine Lagarde warns of enduring changes in global trade dynamics

The finance ministers and central bank governors focused instead on a collective call to address "excessive imbalances" in the global economy, an effort clearly aimed at China, though they didn't name

Tough India-US trade discussions amidst irritants over tariff tensions

In March this year, soon after the US raised its duties on steel and aluminium, China and Canada proposed retaliatory tariffs against imports from the US

Trade talks between India-US underway, far from being final: Jaishankar

External Affairs Minister S Jaishankar's remarks came on the same day as US President Donald Trump claimed that India has proposed zero tariffs on American goods

Jaishankar counters Trump's 'zero tariff' claim, says talks still ongoing

External Affairs Minister S Jaishankar responds to US President Donald Trump's 'zero tariff' claim, stating that India-US trade talks are ongoing, complex, and far from final

Piyush Goyal to visit US for trade talks from May 16: What's on the agenda?

The four-day discussions, scheduled from May 17 to 20, will involve key meetings with US Trade Representative Jamieson Greer and Commerce Secretary Howard Lutnick

US-China trade talks to boost market sentiment in Asia, say strategists

Chinese Vice Premier He Lifeng said the world's two biggest economies agreed to create a mechanism for further discussions

India and Chile's CEPA talks to focus on MSMEs, investment, and more

India and Chile have finalised the terms of reference for a Comprehensive Economic Partnership Agreement (CEPA) to broaden bilateral cooperation

Who is He Lifeng, the Chinese official leading high-stakes US trade talks?

He Lifeng, China's Vice Premier and close ally of Xi Jinping, is set to lead crucial trade talks with the US in Switzerland amid rising tensions, as both sides face escalating tariffs

Rupee ends 38 paise lower at 84.82/$; border tensions weigh on currency

The domestic currency opened 38 paise lower at 84.82 after ending at 84.44 against the greenback on Tuesday

Trade deals with India, Japan, South Korea to come into effect soon: Trump

Trump also noted that even though the US will try to make many deals with the countries that have been hit by tariffs, in many cases, he would have to take a hard line

Tariff talks with India 'going great', might have a deal soon, says Trump

Trump's remarks came ahead of a Michigan rally. Speaking to reporters outside the White House, he also informed them of his plans to visit Africa and hold talks with Australian officials

India says bilateral trade talks with US seeing 'positive progress'

India and US officials report positive progress in their trade talks, focusing on a multi-sector Bilateral Trade Agreement; roadmap is in place to conclude the deal in the near future

Indian refiners purchase more US crude ahead of proposed trade talks in May

India's trade deficit widened more than expected in March, as oil imports jumped more than 60 per cent from a month earlier

India likely to seek parity with US on tech access in bilateral trade talks

India is likely to ask the US to ease export controls and grant it access to critical technologies on par with key American allies like Australia, the UK, and Japan under the proposed bilateral trade agreement (BTA), sources said. They added that India may seek these easing for sectors like telecom equipment, biotechnology, AI (artificial intelligence), pharmaceuticals, quantum computing and semiconductors. The country is also seeking duty concessions for labour-intensive sectors like textiles, gems and jewellery, leather goods, garments, plastics, chemicals, shrimp, oil seeds, chemicals, grapes and bananas in the proposed pact with America. On the other hand, the US wants duty concessions in sectors like certain industrial goods, automobiles (electric vehicles particularly), wines, petrochemical products, dairy, agriculture items such as apples, and tree nuts, they said. As part of the proposed BTA, one of the sources said, India may request the US to place it on par with other ke

India, Netherlands discuss ways to strengthen trade, investments ties

India and European nation Netherlands have discussed ways to boost trade and investments ties during the visit of Commerce Secretary Sunil Barthwal to Hague. The visit assumes significance as India's exports to Netherlands are recording healthy growth despite global economic uncertainties. "Commerce Secretary Mr. Sunil Barthwal & Ambassador @ktuhinv met DG Foreign Economic Relations Mr. Michiel Sweers in The Hague to discuss strengthening bilateral trade and economic ties. Discussions focused on enhancing collaboration through the joint trade and investment committee (JTIC) and advancing strategic economic cooperation," the department of commerce said in a post on X. In 2024-25, India's exports to the Netherlands rose by 1.75 per cent to USD 22.76 billion as against USD 22.36 billion in 2023-24. The imports during the period stood at over USD 5 billion. During this visit, the commerce ministry's Joint Secretary Saket Kumar also met senior officials in Hague to discuss advancing ...

Expect India to strike first trade pact: US Treasury Secy Scott Bessent

Trump said India may reduce its high tariffs as part of the bilateral deal

Vietnam's exporters scramble to fulfil order surge amid 90-day tariff pause

Businesses that had seen demand dry up just weeks ago are now overwhelmed with urgent shipment orders from US buyers