Foreign Trade
India’s EU trade deal faces a costly hurdle due to strict laws
The European Union's stringent environmental regulations pose significant challenges in the ongoing free trade agreement negotiations with India. Issues such as the Carbon Border Adjustment Mechanism and privacy data protection laws could impose additional costs on Indian exports, despite efforts for exemptions or compensatory measures.
India, EU to hold next round of FTA talks from Monday amid Trump tariff threats
India and the European Union will commence their tenth round of negotiations for a proposed free trade agreement in Brussels. Key issues such as agricultural tariffs, auto import duties, and regulatory barriers will be the focus, with hopes to finalize the deal by the end of the year.
Want to consolidate trade ties with India: Italian Agriculture Minister
Italian Agriculture Minister Francesco Lollobrigida has called for stronger trade ties with India during the 'Vinitaly' trade promotion fair in New Delhi. Highlighting a robust relationship between the governments, he emphasized mutual exports and renewing trade relations.
Race against April 2 deadline: For US tariff truce, government mulls 2-pronged strategy
India is assessing its import basket to create a customized lower tariff structure for the US, considering sectors like agriculture and automobiles. Negotiations for a bilateral trade agreement are advancing, with an emphasis on reducing tariffs and deepening supply chain integration. Experts urge caution, particularly regarding agriculture and technology-led manufacturing, to protect sensitive sectors.
'Silver lining for India if it strikes special deal with US': Fareed Zakaria
Fareed Zakaria suggests that a special trade deal between India and the US could benefit India by reducing tariffs, leading to increased efficiency, productivity, and growth. He emphasizes the importance of India integrating into the global economy through broader deregulation and investing in futuristic technologies with western partners.
Premature to talk about details of proposed Indo-US trade deal: Govt sources after Trump's claim of India agreeing to cut tariff
Negotiations for an India-US trade deal have begun, with tariff discussions underway. President Trump hinted at significant tariff reductions by India, but Indian officials emphasized that discussions are ongoing and details are yet to be finalized. Both countries aim to strengthen bilateral trade and reduce barriers.
"Premature talk, too early": Trump's claim of Modi govt agreeing to cut tariff draws response from Indian officials
India and the US have begun negotiations on a Bilateral Trade Agreement to be completed by autumn 2025. Discussions focus on reducing tariffs and other trade-related issues, with emphasis on market access and supply chain integration. The Indian side has cautioned that it is premature to discuss specifics.
Agri sector just can't stay closed: US Commerce Secretary Urges India to Open the sector for better bilateral ties
US commerce secretary Howard Lutnick urged India to open up its agriculture sector for trade. Lutnick discussed a potential bilateral deal between India and the US, highlighting that a trade agreement would benefit both countries. He also addressed the need for India to reduce reliance on Russian military equipment and improve its relationship with the US.
India should withdraw from all negotiations with US; engage with them likeother countries: GTRI
India should withdraw from trade negotiations with the US and adopt a firm stance similar to countries like China and Canada. Economic think tank GTRI warns against yielding to US trade demands, advising India to counter misinformation and avoid concessions in sensitive sectors, particularly agriculture.
China calls for stronger India ties amid trade war fears
China aims to stabilize relations with India amid a potential trade war with the US, emphasizing the importance of cooperation. Foreign Minister Wang Yi highlighted the significant strides made in bilateral ties, asserting that both nations should support each other and not let boundary disputes define their relationship.
Must Watch
India has leaned on the US with low tariffs and that has to change: US Commerce Secretary Howard Lutnick
US Commerce Secretary Howard Lutnick emphasized the need for a major trade agreement between the US and India, stressing that India must reduce tariffs and protections for the US market. He highlighted that India's agricultural sector needs to open up and suggested a reciprocal policy to enhance bilateral trade, leveraging the strong rapport between Modi and Trump.
India cautiously reacts to Trump's reciprocal tariff; expects resolution of issues through trade pact
India is seeking to strengthen trade ties with the US by reducing tariff barriers under a bilateral trade agreement amidst President Trump's announcement of reciprocal tariffs. During Prime Minister Modi's recent visit, both nations announced plans to negotiate a beneficial multi-sector trade pact.
India looking at strengthening trade ties with US through bilateral trade pact, says MEA spokesperson Randhir jaiswal
India is aiming to enhance trade relations with the US by reducing trade barriers through a bilateral trade agreement, following President Trump's announcement of reciprocal tariffs. Prime Minister Modi and US officials plan to negotiate a multi-sector pact to increase market access and deepen supply chain integration. Commerce Minister Goyal is advancing discussions in the US.
India's forex reserves down by $1.7 billion at $638.69 billion as of February 28
India's forex reserves stood at $638.69 billion by February 28, 2025, experiencing a decrease of $1.7 billion. The Reserve Bank of India intervenes in the market to maintain stable conditions and control excessive volatility without targeting specific levels.
India, US trade deal is key to Trump’s economic agenda as well
India and the US are in talks for a potential trade deal, aiming to boost exports and production. However, companies may still source goods from more competitive markets like China or Southeast Asia. Despite reduced tariffs, brands like Harley-Davidson and Tesla currently avoid manufacturing in the US for exports to India.
Trump again slams India as 'high tariff nation' while Modi govt looks to avoid heavy blows
US President Trump has criticized India’s trade policies, calling it a "very high tariff nation" and announcing reciprocal tariffs effective April 2. Despite recent efforts by India to reduce tariffs and ease trade tensions, negotiations continue as the deadline nears, with hopes of securing favorable agreements.
